Answer: $322,000
Explanation:
Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment
Excess depreciation = New depreciation of equipment - Old depreciation
Depreciation is straight line;
= (200,000/5 years) - (110,000/5)
= $18,000
Gain from transfer of equipment
= Sales - Book value
= 200,000 - 110,000
= $90,000
Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000
= $322,000
Answer:
The answer is: A) is the sum of all individual demand curves.
Explanation:
By definition the market curve is the sum of all individual demand curves in a market. It shows the total quantity of goods that consumers demand (are willing and able to purchase) at varying price points. Usually the curve shows a downward slope since consumer demand decreases as the price of a good increases.
Answer:
The statement of shareholders' equity
Explanation:
The statement of shareholders' equity is a financial document a company issues as part of its balance sheet. It highlights the changes in value to stockholders' or shareholders' equity, or ownership interest in a company, from the beginning of a given accounting period to the end of that period. Typically, the statement of shareholders' equity measures changes from the beginning of the year through the end of the year.
Answer:
d.High inventory turnover and low gross margin
Explanation:
Inventory Turnover Ratio is ratio of 'cost of goods sold' to 'average inventory level'. Gross margin is the difference between net sales revenue & c.o.g.s
A small pizza restaurant, by Martinelli sisters, would be expected to have :
- High Inventory Turnover : It reflects that inventory is quickly converted into liquid cash, & there is less average inventory level management. Both these aspects are applicable to the pizza restaurant
- Low Gross Margin : Being a small restaurant, it is less likely to have competitive, high price charge advantage. So, the gross margins are expected to be low.
Answer:
$68,875
Explanation:
Calculation of how much income does Joe Harry report Using the daily allocation method
Since on January 1 to January 29 a total of $3,467,500 was earned in which we as well assumed that Joe Harry sells his 25% interest in Joe's S Corp., Inc., to Tyrone on that same January 29,This means we have to divide the total amount earned by the numbers of days in a year which is 365 days, then multiply it by both 29days(January 1 to January 29) and the 25% Interest.
Hence,
($3,467,500/365 days) × 29 days × 25%
=$9,500×29 days ×25%
=$68,875
Therefore the amount of income that Joe Harry report will be $68,875
