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Nina [5.8K]
3 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]3 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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At the first meeting, team members appear to have a difference of opinion regarding the direction of the project. Robin and Khal
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Answer:

The correct answer is the second option: to go straight to discussing team ground rules and making assignments.

Explanation:

To begin with, in the case presented the team must understand that the general goals and the philosophy behind their actions and operations at the time of working must been already understood by everyone at that point due to the fact that those things are mentionated before start the action. Therefore that as Jordan and Adam said, it is unnecessary to discuss the things that they already must undersood, if they did their previous homework, and must go straight to the action and gain time instead of lossing it. Moreover, by doing that they will have time enough to even correct mistakes that they make during the process, so that is why to go straight to the action is the correct option to take.  

3 0
3 years ago
Delegating authority and responsibility throughout an organization is known as: Multiple Choice management by exception. central
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Answer:

Decentralization

Explanation:

It is a process through which the authority of an organization is delegated to lower managers. The lower managers are given more responsibility which is the opposite of the centralization in which the decision making power is concentrated in the hands of a few people. The top-level managers take all the decisions in the organization with centralized authority.

In decentralized authority, lower managers can decide on their own as long as it is in sync with the overall goal of the organization, but the authority to take static decisions and control and coordination remain in the hands of top-level managers.

5 0
3 years ago
Great Eastern Rectangle (GER) currently has 970,000 shares of stock outstanding that sell for $29.25 per share. Assuming no mark
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Answer:

Please see attachment

Explanation:

Please see attachment

3 0
3 years ago
Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What
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I would say c. i hope this helps
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Read 2 more answers
Could I Industries just paid a dividend of $1.62 per share. The dividends are expected to grow at a rate of 20 percent for the n
nata0808 [166]

Answer:

Explanation:

Using the dividend growth model = Do(1+g)/Ke-g

Do=1.62$

G=4%

Ke=12%

Do(1+g)/Ke-g  =  2.0736(1+4%)/12%-4%

                      =   1.6848

/8%

                      =   53.916

                 Year Year Year Year Year  

                    0             1             2           3            4  

                          20%  20%  20% 20%  

Dividend             1        1.2      1.44  1.728 2.0736  

Ifninty dividend                                               55.91*  

Total Cashflows 1    1.2     1.44         1.728 55.98  

Pres.Val @12%    1     1.07142 1.14795  1.22995   35.583

     

Value of stock 40.030    

4 0
3 years ago
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