Answer:
The total non controlling interest after the additional shares are issued is equal to $252,000.
Explanation:
Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -
Total number of shares = 25,000 ( 20,0000 + 5000 )
Total equity value = $700,000
Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =
TOTAL EQUITY / NUMBER OF SHARES
$700,000 / 25,000
= $28
NON CONTROLLING INTEREST = Minority shares x Price per shares
= 9000 x $28
= $252,000
Answer:
D. Sole proprietorship.
Explanation:
We know it's definitely is a sole proprietorship because of 'unlimited personal liability' which is a key characteristic.
Selma's business is not a joint venture because she is the only person who invested and runs the business whereas a joint venture is created by two or more entities or 'shared ownership'
Nor is it a corporation for this is an 'organization' owned and manned by many people but is regarded as a single entity. Neither is her business an s corporation because that just the same as a corporation but just with different tax regulations.
<span>The Robinson–Patman Act is a U.S. federal law that bans chain stores from setting competitive prices on their products. This law was set in place to protect smaller shops and prevent price discrimination. In addition to this benefit, it forbid brokerage allowances as well, among other positive changes with the passing of the law.</span>
Answer:
What is BAD DEBT EXPENSE for THIS year?
4000
Explanation:
Aging
Current 20000 2% 400
1-30 50000 4% 2000
31-60 30000 7% 2100
Over 60 10000 25% 2500
7000
Allowance bad debts 3000
Expense 4000
Answer:
Hersey's bond = $1125.513
Mars bond = $1172.259
Explanation:
Hersey bond;
Period(t) = 10years = 40(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
Using the both present value (PV) and compound interest formula ;
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]
PV =( 753.083251562) + (372.4306236)
PV = $1125.513
Mars bond;
Period(t) = 20years = 80(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]
PV =(1033.55451663) + (138.704569467)
PV = $1172.259