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Nina [5.8K]
2 years ago
9

Charlie Co. owns 30% of the voting common stock of Turf Services Inc. Charlie uses the equity method to account for its investme

nt. On January 1, 200X, the balance in the investment account was $624,000. During 200X, Turf Services reported net income of $120,000 and paid dividends of $30,000.
Required: What is the balance in the investment account as of December 31, 2009?
Business
1 answer:
masya89 [10]2 years ago
5 0

Answer:

$651,000

Explanation:

The balance in the investment account as at 31st December is calculated as;

Investment account balance January 1, 202X

$624,000

Add:

30% of Turks services inc. $120,000

Net income

$36,000

Less :

30% of $30,000 dividend paid

($9,000)

Investment account balance December, 31 202X

$651,000

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Answer:

If a large Number of Lakeview residents are questioned, about 44% of them will be Club fans.

Explanation:

Reporting the probability outcome of a singular observation are usually reported as stated above, that the probability of a random sample of Lakeview resident being a club fan is 0.44%. However from a long run relative frequency approach, it requires just more Than one random sample but a large number of samples being evaluated over time.

Hence to expresa as a long run relative frequency, it could be stated as ; report gathered from many Lakeview residents, about 44% of them are Club fans.

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2 years ago
Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a s
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Answer:

A. $10.75

B. May $6,288.75

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June(410*$10.75=$4,407.5)

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3 0
2 years ago
The following information is for a collateralized mortgage obligation (CMO). Tranche A of $50 million receives quarterly payment
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