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3 years ago

Presented below is information related to Crane Company at December 31, 2020, the end of its first year of operations.

Business

1 answer:

pshichka [43]3 years ago

5 0

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

Formula:

$= \text{sales-Cost of product sold -Selling and Administrative expense}$

$=316,550-150,400-53,900\\\\=112,250$

In point b:

Formula:

$=\text{Income from operation + Gain on sale of plant assets} - \text{Interest Expense} -\text{Loss from discontinued operations}\\\\=112,250+30,560- 5,840- 11,990\\\\=124,980$

In point c:

Formula:

$=\text{Net Income- Allocation to noncontrolling interest}$

$= 124,980 - \text {missing value}$

In point d:

Formula:

$=\text{Net Income+ Unrealized gain on available for sale debt investments}\\\\= 124,980- 9,460\\\\=115,520$

In point e:

Formula:

$=\text{Net Income - Dividends declared and paid}\\\\=124,980- 4730\\\\=120,250\\\\$

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Government Spending

fomenos

Answer:

Business Taxes.

Explanation:

A change in business taxes is most likely to change both aggregate demand and aggregate supply.

Aggregate demand can be defined as the total amount of goods and services by consumers at a specific period of time and price level in an economy.

Aggregate supply can be defined as the total amount of goods and services an organization is willing to sell or provide to it's consumers at a specific price level.

When business taxes are imposed on businesses, such as manufacturing companies, these in turn affect the demand and supply framework (final goods and services).

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3 years ago

entrepreneurs are the back of the nation.in line with this statement evaluate the contribution of entrepreneurs to the nation by

Maurinko [17]

Entrepreneurship encourages healthy competition. It also improves economy by being able to partner with big companies in the other countries. Bheki Kunene, a young entrepreneur of South Africa, was able to partner with numerous companies across the world. And lastly, it encourages healthy competition.

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3 years ago

Kerry works at a hospital where he is responsible for coordinating the activities of managers who oversee the department manager

Oliga [24]

Answer:

D. Administrative Manager

Explanation:

The administrative manager is the one responsible for the daily administrative operations in an organization. He's involved in the planning, directing, controlling of administrative activities in the organization which involves coordinating the activities of managers who oversees the department managers. He takes on the role of supervision as he is responsible for the actions of managers under him.

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3 years ago

Landis Company purchased $2,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 an

yanalaym [24]

Answer:

correct option is c. $51,240

Explanation:

given data

fair value of Ritter Inc = $2,120,000

Landis Company purchased = $2,000,000

rate = 8 %

time = 5 year

bonds sold = $2,083,160

rate = 7%

premiums July 1 = $7,080

premiums December 31 = $7,320

solution

we get here Landis Company comprehensive income as separate component of stockholders' equity that is express as

comprehensive income = fair value of Ritter - ( bonds sold - premiums July 1 - premiums December 31 ) ..................1

put here value and we get

comprehensive income = $2,120,000 - ( $2,083,160 - $7,080 - $7,320 )

comprehensive income = $51240

so correct option is c. $51,240

7 0

3 years ago

The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of

myrzilka [38]

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items Quantity Reporting Cost/Value

Vans 4 NRV

Trucks 7 NRV

2-door sedans 3 Cost

4-door sedans 5 Cost

Sports cars 1 Cost

SUVs 6 NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items Quantity Cost per unit NRV per Unit LCNRV

Vans 4 27000 $108,000 25000 $100,000

Trucks 7 18000 126,000 17000 119,000

2-door sedans 3 13000 39,000 15000 39,000

4-door sedans 5 17000 85,000 20000 85,000

Sports cars 1 37000 37,000 40000 37,000

SUVs 6 30000 180,000 28000 168,000

Total Cost $575,000 $548,000

3 0

3 years ago