Which type of break can you insert if you want to force text to begin on the next page?

Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro

r-ruslan [8.4K]

Answer:

a)

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

Cr Investment in Silva Company 104,400

December 31, year 1, net income reported by Silva Company ($971,000 x 36%)

Dr Investment in Silva Company 349,560

Cr Revenue from investment in Silva Company 349,560

b)

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

7 0

3 years ago

LO 2.2Which of the following is not considered a product cost?

Usimov [2.4K]

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

7 0

3 years ago

Effective annual rate: Raj Krishnan bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the deale

g100num [7]

Answer:

EAR = 5.01%

Explanation:

Given that

APR = 4.9% = 0.049

Loan amount = initial amount - deposited amount

= 17345 - 6000

= 11,345

PV = 11345

Frequency of compounding, m = 12

Recall that

EAR = (1 + r/m)^n - 1

Thus,

= (1 + 0.049/12)^12 - 1

= 1+ 0.049/12^12 - 1

= 1.0501 - 1

= 0.0501 ×100

= 5.01%

3 0

2 years ago

While Natalie was at the mall, she saw a kiosk that was selling smart phone covers.

Irina18 [472]

Answer:

True. It is called Impulse purchase.

an impulse purchase is made when the consumer has no need for the product or service yet he or she purchase it as a result of a quick decision, usually triggered by the marketing strategies employed by the organizations.

Impulsive purchasing behaviour can have negative impacts on the consumers, including buying things they do not need and mounting unnecessary debt.

Explanation:

7 0

3 years ago

The forecast for the third quarter is 2,000 units; the seasonal index for the quarter is 1.18. What are the seasonally adjusted

max2010maxim [7]

Answer:

Forecast for the quarter= Forecast for third quarter * Seasonal Index

Putting values in the equation:

Forecast for the quarter= 2000 units * 1.18= $2360

This forecasting method adjusts the previous period amounts to obtain an amount which reflects the seasonal changes. It is widely used in management accounting to estimate future sales while making budgets.

8 0

3 years ago