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Korolek [52]
3 years ago
13

On October 28, 2018, Mercedes Company committed to a plan to sell a division that qualified as a component of the entity accordi

ng to GAAP regarding discontinued operations and was properly classified as held for sale on December 31, 2018, the end of the company's fiscal year. The division's loss from operations for 2018 was $1,900,000. The division's book value and fair value less cost to sell on December 31 were $2,900,000 and $3,600,000, respectively. What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2018 income statement
Business
1 answer:
Semenov [28]3 years ago
3 0

Answer:

Check the explanation

Explanation:

Before-tax amount <u><em>(PBT which is the evaluate of an organization’s productivity and profitability that looks at the profits made before any tax is paid)</em></u> of Mercedes should be reported as loss on terminated operations in its 2016 income statement:

$1,890,000 loss will be from operations only. There will also be no impairment loss.

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suter [353]

Answer:

Rational

Explanation:

8 0
2 years ago
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An engineer bought a $1000 bond of an American airline for $875 just after an interest payment had been made. The bond paid a 6%
goldenfox [79]

Answer:

Number of coupon payments = 13.5*2= 27

Coupon = 6%*1000/2= 30

Let rate be r

Present value of all future payments = $87

875 = 30*(1-1/(1+r)^27)/r + 1000/(1+r)^27

R= 3.74%

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8 0
3 years ago
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through tw
liubo4ka [24]

Answer:

<u>Physical flow schedule</u>

Inputs

Beginning Work in Process                86,300

Add Units Started                              105,900

Total                                                    192,200

Outputs

Units Completed and Transferred   172,900

Units in Ending Work in Process       19,300

Total                                                    192,200

Explanation:

A physical flow schedule is simply a schedule of units introduced into the process and units outputs without expressing them to equivalent units.

Units Introduced must always be equal to units outputs in physicals terms.

<em>Units Completed and Transferred = Beginning Inventory + Units Started - Units in Ending Work in Process</em>

                                                        = 86,300 + 105,900 - 19,300

                                                        = 172,900

6 0
3 years ago
Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes o
olya-2409 [2.1K]

Answer:

Confirmation bias

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Confirmation bias occurs from the direct influence of desire on beliefs. When people would like a certain idea or concept to be true, they end up believing it to be true. They are motivated by wishful thinking. This error leads the individual to stop gathering information when the evidence gathered so far confirms the views or prejudices one would like to be true. Once we have formed a view, we embrace information that confirms that view while ignoring, or rejecting, information that casts doubt on it. Confirmation bias suggests that we don’t perceive circumstances objectively.  A confirmation bias is a type of cognitive bias that involves favoring information that confirms your previously existing beliefs or biases.

For example, imagine that a person holds a belief that left-handed people are more creative than right-handed people. Whenever this person encounters a person that is both left-handed and creative, they place greater importance on this "evidence" that supports what they already believe. This individual might even seek "proof" that further backs up this belief while discounting examples that don't support the idea.

5 0
3 years ago
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A) Yes, because the government requires individuals to report income earned from an employer and other sources.

His side gig was the equivalent of self contracting. He would definitely have to report of he made over $400.
6 0
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