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Ugo [173]
3 years ago
10

g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of

equity on its balance sheet of $1,944,000. What is the value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory
Business
1 answer:
Brums [2.3K]3 years ago
5 0

Answer:

The value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory is:

$486,000.

Explanation:

a) Data and Calculations:

Net asset value of Satisfactory = $1,944,000 on acquisition date

Stake purchased by Perfection = 25%

25% of the net asset value of Satisfactory = $486,000 ($1,944,000 * 25%)

b) There is no goodwill arising from the investment in Satisfactory.  The equity method will be used to account for the investment in the Satisfactory.  The Equity Method involves recording the investment in an associated company like Satisfactory when Perfection's ownership interest in Satisfactory is valued at 20–50% of the net assets.

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A progressive income tax, which is a tax where the marginal tax rate increases as income rises, was passed under which president
Firlakuza [10]

Answer: C. Franklin D. Roosevelt.

Explanation:He is the president of the United States of America between(January, 1882 to April 1945),he is the 32nd president who signed into law the progressive income tax. Progressive income tax ensures that as a person or a business entity,your tax will increase in proportion to your income. Many persons have come to accept this system as a fair system ensuring that low income earners are protected by the tax system.

8 0
4 years ago
What are the three phases in purchasing process
Lerok [7]

Answer:

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5 0
3 years ago
Kl textiles writes 22 checks a day for an average amount of $827 each. these checks generally clear the bank 3.5 days after they
Vitek1552 [10]

Answer:

$63,679

Explanation:

Kl textiles

Disbursement Float can occur in a situation where a person, company or organisation spent an amount of money in which the amount spent has not be removed or taken out of the person, company or organisation

bank account. Example is written out a checks in which the checks has not be cleared form the company bank account till after some days

Disbursement float =

22 × $827 ×3.5

= $63,679

Therefore the amount of the firm's disbursement float will be $63,679 because Kl textiles writes 22 checks a day for an average amount of $827 each in which the checks generally clear the bank 3.5 days after it was written.

6 0
3 years ago
Read 2 more answers
The following units of an inventory item were available for sale during the year: Beginning inventory 10 units at $50 First purc
hjlf

Answer:

The correct answer is C

Explanation:

The formula for computing the ending inventory through using the average cost is as:

Ending Inventory = Beginning Inventory + Purchases - COGS (Cost of goods sold)

where

Beginning inventory = Units × Price

= 10 × $50

= $500

Purchases = First Purchase + Second Purchase + Third Purchases

Purchases = Units × Price + Units × Price + Units × Price

Purchases = 17 × $52 + 27 × $53 + 19 × $55

Purchases = $884 + $1,431 + $1,045

Purchases = $3,360

COGS = Units × Price

COGS = 26 × Price

COGS = 26 × $53

COGS = $1,378

Price is computed as:

Price = $50 + $52 + $53 + $55 / 4

Price = $52.5

Putting the values above:

Ending Inventory = $500 + $3,360 - $1,378

Ending Inventory = $2,485

5 0
4 years ago
3. Which of the following occupations relate to a skill category of mathematics and data? Select
AURORKA [14]

did you ever get the right answers  if not


2 is D

3, is engineer and financial analyst

4 is educator nd lawyer

7 0
4 years ago
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