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3 years ago

Consider the following information:

Business

1 answer:

sashaice [31]3 years ago

7 0

Answer: a. Total Assets: $142,000

Total Liabilities: $35,000

Total Equity: $107,000

Explanation:

Total Assets = Fixed assets + Current assets

Fixed assets = Building + Depreciation

= $150000 - ($30000)

= $120000

Current assets = Cash + Accounts Receivable + Office Supplies + Prepaid Insurance

= $10,000 + $7,000 + $2,000 + $3,000

= $22000

Total assets = $120000 + $22000 = $142000

Total Liabilities = Accounts Payable + Notes payable

= $5,000 + $30,000

= $35000

Owner's Equity: $107,000

Therefore, the answer is

Total Assets: $142,000

Total Liabilities: $35,000

Total Equity: $107,000

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A large multinational organization formed from mergers and acquisitions experienced a lot of disruptive behaviors at all levels.

scZoUnD [109]

Answer:

Option a

Explanation:

In simple words, consensus building refers to the process under which different individuals, who will get affected in some way or another from the decision being made, share the views and ideas and prepare a solution that makes maximum benefit and minimal loss to the all.

Such kind of behavior is needed in large organisations where the number of employees working is very high and different individuals have different goals for themselves. Thus, from the above we can conclude that the correct option is A.

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3 years ago

Is ordering a pizza for someone else illegal?

Over [174]

No, its not illegal to order a pizza for someone else

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3 years ago

On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $784,000 cash. At Janua

stiv31 [10]

Answer:

a) Consolidated net income for Phoenix and Sedona for 2018

Phoenix revenues $648,000

-Phoenix expenses ($412,000)

Phoenix Net Income $236,000

2018 Income from Sedona $54,075

Consolidated net income for $290,075

Phoenix and Sedona for 2018

b) Phoenix’s consolidated retained earnings balance at December 31, 2018

Phoenix’s consolidated retained earnings balance at December 31, 2018 = $347,075.00 (same as Phoenix because of equity method use)

c) What amount should Phoenix report for Sedona’s customer list?

Consideration transferred at fair value $784,000

Book value acquired ($548,800)

Excess fair over book value $235,200

To Equipment $95,000

To customer list (4 year life) $140,200

Three years since acquisition of customer list = $140,200/4 years = $35,050. Hence, Phoenix report $35,050 as Sedona’s customer list.

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3 years ago

What is the name given to the difference between the minimum and maximum values for a data set?

Setler [38]

The difference is called the range

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3 years ago

On January 2, 2020, Coronado Industries began construction of a new citrus processing plant. The automated plant was finished an

Svetllana [295]

Answer:

$157,300

Explanation:

The computation of the interest capitalized is as follows:

= Accumulated expenditure × rate of interest

= ($610,000 × 12 months ÷ 12 months) + ($1,800,000 × 4 months ÷ 12 months) + 0 × 13%

= ($610,000 + $600,000) × 13%

= $1,210,000 × 13%

= $157,300

8 0

2 years ago