Answer:
Explanation:
The noncontrolling interest's share of the earnings of Harbor Corp. for 2019
= ($2,500,000 - $2,000,000- $60,000) * 0.3 = 440,000*0.3 = $132,000
Amount of consolidated net income for 2019 should be allocated to Femur’s controlling interest in Harbor
= $440,000 - $132,000 = $308,000
Amount Femur Co. would report as consolidated net income for 2019:
= $(4,500,000-3,000,000) + $308,000 = $1,500,000 + $308,000 = $1,808,000
Answer:
$700,000
Explanation:
Data provided in the question
Sales price of the home = $960,000
Cost price of the home = $260,000
Based on the above information,
The computation of the amount of gain included in gross income is shown below:
= Selling price of the home - cost price of the home
= $960,000 - $260,000
= $700,000
Hence, the amount of gain i.e $700,000 is included in the gross income
<span>A shoe department carries more than 55 different styles of white sandals. this is a description of the shoe department's merchandise depth.
When you mix the product (merchandise) depth (variety) and product breadth (full amount) you are left with the </span>product or merchandise mix. In this case, a shoe department store that has 55 styles, has a large merchandise or product depth.
Answer:
Net operating income= $207,500
Explanation:
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
<u>First, we will determine the total unitary variable overhead:</u>
total unitary variable overhead= 90 + 25= $115
<u>Now, we can calculate the total contribution margin:</u>
Total CM= 11,500*(220 - 115)
Total CM= $1,207,500
<u>Finally, the net operating income:</u>
Net operating income= 1,207,500 - 600,000 - 400,000
Net operating income= $207,500
Answer:
D. Limited Partnership
Explanation:
Sole proprietorship is business owned , run & managed by single owner. Partnership is a business owned , run & managed by small group of people - deciding to share its profits .
Entrepreneurs in these have Unlimited Liability on personal assets, in case business assets are insufficient to settle business liabilities .
Corporation is a separate legal entity, distinct from its huge group of owners , guided by a board of directors. In case of any claim / sue case : it is against corporate entity & not the people, so they don't have any unlimited liability risk on personal assets to fulfil company's claims .
