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hjlf
3 years ago
8

Presented below are certain account balances of Martinez Products Co.

Business
1 answer:
Zepler [3.9K]3 years ago
4 0

Answer:

a. Total net revenue:

= Sales revenue - Sales discounts - Sales returns + Rent revenue + Dividend revenue

= 410,000 - 7,930 - 12,560 + 6,610 + 71,490

= $467,610

b. Net income:

= Total net revenue - Cost of goods sold - Interest expense - selling expenses - income tax expense - administrative expenses

= 467,610 - 179,854 - 13,420 - 99,440 - 28,935 - 75,280

= $70,681

c. Dividends declared:

= Beginning Retained earnings + Net income - Ending Retained earnings

= 114,500 + 70,681 - 134,260

= $50,921

d. Income attributable to controlling shareholders:

= Net income - non-controlling interest:

= 70,681 - 19,240

= $51,441

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The difference between the price an issuer receives and the offering price at which shares are sold to investors is known as:___
horsena [70]

The difference between the price an issuer receives and the offering price at which shares are sold to investors is known as The gross spreads.

Gross spread is the distinction among the underwriting fee obtained by the issuing business enterprise and the actual rate offered to the making an investment public. In different words, the gross spread is the monetary institution's reduce or benefit from the IPO listing.

The gross proceeds suggest the overall sum of money the syndicate increases from the primary traders. add the underpricing to the gross proceeds to obtain the marketplace price presented.

An underwriting unfold is the distinction among the greenback amount that underwriters, which includes investment banks, pay an issuing for its securities and the greenback quantity that underwriters obtain from promoting the securities in a public imparting. In one of the maximum common definitions, the spread is the space among the bid and the ask charges of a protection or asset, like a inventory, bond, or commodity.

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4 0
1 year ago
Vijay Inc. purchased a three-acre tract of land for a building site for $260,000. On the land was a building with an appraised v
puteri [66]

Answer:

$273,840

Explanation:

The Cost of of an item of Property, Plant and Equipment according to IAS 16 include the purchase price and any directly related costs incurred in bringing the asset in the condition and location for operation as intended by management.

<u>Calculation of the Cost of Land</u>

Purchase Price                                                                                $260,000

Cost after proceeds to demolish old building($11,300 - $1,670)      $9,630

Insurance                                                                                                $830

Legal Fees                                                                                              $420

Property taxes  ( $3,300 - $170)                                                          $3,130

Capitalized Cost                                                                              $273,840

3 0
3 years ago
When is it appropriate to use an absolute reference?
Kipish [7]

Answer:

C.

Explanation:

i just had this question on a paper test and i got it right i hope this helps

5 0
3 years ago
Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract business customers during th
pishuonlain [190]

Answer: See explanation and attachment

Explanation:

a. What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels?

Price = $180

Less: Variable Costs:

House keeping staff = $23

Utilities = $7

Amenities = $3

Total variable costs = $33

Contribution margin = $147

B. Determine the contribution margin for a room night under the proposed weekend pricing.

Price = $120

Less: Variable Costs:

House keeping staff = $23

Utilities = $7

Amenities = $3

Total variable costs = $33

Contribution margin = $87

C. Prepare a differential analysis showing the differential income for an average weekend between the existing (Alternative 1) and discount (Alternative 2) price plan.

Check attachment for solution

D. Should management accept the proposed weekend pricing plan? Explain.

No. From the calculation in C, there is reduction in income.

4 0
2 years ago
You started a venture 2 years ago with $400,000 dollars and own 60% of the 500,000 shares issued. What is the pre and post money
Colt1911 [192]

Answer:

Alpha Venture :Post money $1,000,000

Alpha Venture :Post money $800,000

Beta Ventures Post money $400,000

Beta Venture Pre-money $800,000

Kappa Ventures Post money $200,000

Kappa Ventures Pre money $400,000

Explanation:

Calculation for Alpha Ventures Post money:

$200,000/20%=$ 1,000,000

Alpha Ventures Pre-money will be :

$1,000 000- $200,000

= $800,000

Calculation for Beta Ventures Post money

= $400,000

Beta Ventures Pre-money will be:

=$ 400,000+$400,000

=$800,000

Calculation of Kappa Ventures Post money:

= $200,000

Kappa venture Pre-money will be:

= $200,000+$200$000

= $400,000

5 0
3 years ago
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