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kodGreya [7K]
3 years ago
8

The production era marked a time when companies were able to increase their profits because they were able to decrease their pro

duction costs.
True
False
Business
1 answer:
ollegr [7]3 years ago
3 0

Answer:

true

Explanation:

it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall

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On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Ti
shusha [124]

Answer:

            Dr. Investments in Associates 250,000

            Cr.            Cash                                 500,000

          Dr. Cash                                   10,000

          Cr.            Investments in Associates 10,000

          Dr. Investments in Associates 50,000

          Cr.     Investment revenue                    50,000

Explanation:

The equity method is a type of accounting used to incorporate investments. It is used when the investor holds significant influence over the investee but does not exercise full control over it.

An investor is deemed to have significant influence over an investee if it owns between 20% to 50% of the investee’s shares or voting rights.

- Jolley receives dividends of $10,000, which is 25% of $40,000, and records a reduction in their investment account. The reason for this is that they have received money from their investee.

- Jolley records the net income from Tige Co. as an increase to its Investment account.

4 0
3 years ago
Cullumber, Inc. acquired 30% of Marigold Corporation's voting stock on January 1, 2021 for $890000. During 2021, Marigold earned
Strike441 [17]

Answer:

The gain on the sale of investment is $145,325

Explanation:

In determining the gain on the sale of half of the stock,the first thing to do would be determine the cost of the stock sold such that the cost can then be compared with the proceeds from the sale of the investment so as to determine the gain therein.

The total investment should be valued in such a way that the share of profits should be added to the investment while the dividends received would be deducted.

Jan,1 2021                                                                   $890,000

Share of profit($367,000*30%)                                  $110,100

less dividends(since it already received in cash

($228,000*30%)                                                         ($68,400 )

Value of investment at 31 Dec,2021                         $931,700  

Share of profit(30%*$467000)*6/12                           $70,050

Dividends(30%$128,000)                                          ($38,400 )

Value of investment as at 1 july  2022                     $963,350  

Note that as at I july 2022 Marigold Corporation is only entitled to half year profits on the investment as well as half year dividends

Cost of half of investment=$963,350*1/2=$ 481,675.00  

Gain= proceeds-cost=$627,000- 481,675 =$145,325

4 0
3 years ago
Bogart Company is considering two alternatives. Alternative A will have revenues of $160,000 and costs of $100,000. Alternative
ioda

Answer and Explanation:

The computation of the increase or decrease in the net income when Alternative B should be selected rather Alternative A is given below:

<u>Particulars                Alternative A            Alternative B</u>

Revenue                   $160,000                 $180,000

Less cost                 -$100,000                 $125,000

Net income                 $60,000                $55,000

If we choose alternative B so there would be decrease in the net income by $5,000

8 0
3 years ago
The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling inte
dusya [7]

Answer:

The formula for RNOA is net income divided by net operating assets.

29,068/354,414= 8.2%

Explanation:

6 0
3 years ago
Read 2 more answers
How much would you expect the simpsons to consume if their income was $32,000 and they paid taxes of $5,000? consumption:?
arsen [322]
$27,000 is the answer
6 0
2 years ago
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