8/11 rounded to the nearest hundredth-pls help mee

On December 31, 2019, Akron, Inc., purchased 5 percent of Zip Company's common shares on the open market in exchange for $16,050

Anastaziya [24]

The amount reported for the investment in Zip Company by Akron's December 31, 2021, balance sheet is <u>$143,400</u>, which is the fair value of the Common Stock of Zip Company.

<h3>What is the fair value of an investment?</h3>

The fair value of an investment is the current value and not the historical cost when the investment was made.

Fair value refers to the intrinsic worth of an asset or security.

<h3>Data and Calculations:</h3>

Income Dividends Common Stock Akron's Investment

Declared Fair Value (12/31) in Zip Company

2019 $321,000 $16,050 ($321,000 x 5%)

2020 $79,000 $6,200 376,000 $94,000 ($376,000 x 25%)

2021 89,000 15,800 478,000 $143,400 ($478,000 x 30%)

Excess attributed to share of Zip's franchises = $33,350 ($143,400 - $110,050).

Thus, the amount reported for the investment in Zip Company by Akron's December 31, 2021, balance sheet is <u>$143,400.</u>

Learn more about the fair value of an investment at brainly.com/question/13219936

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5 0

1 year ago

4x + 3y = 8<br>2x - y=9

Alex17521 [72]

Step-by-step explanation:

Follow my steps. Sorry im bit untidy .

Follow these 1°,2°,3°

8 0

3 years ago

Which is the hypothesis of this statement?

zubka84 [21]

I agree with you.
The hypothesis is the part where the word <em>if </em>can be found. So, the hypothesis here has to be C. a and b are negative.

3 0

3 years ago

6.81 is what percent of 45.5

frosja888 [35]

To get the solution, we are looking for, we need to point out what we know.

1. We assume, that the number 45.5 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 45.5 is 100%, so we can write it down as 45.5=100%.

4. We know, that x is 6.81% of the output value, so we can write it down as x=6.81%.

5. Now we have two simple equations:

1) 45.5=100%

2) x=6.81%

where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:

45.5/x=100%/6.81%

6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for what is 6.81% of 45.5

45.5/x=100/6.81

(45.5/x)*x=(100/6.81)*x - we multiply both sides of the equation by x

45.5=14.684287812041*x - we divide both sides of the equation by (14.684287812041) to get x

45.5/14.684287812041=x

3.09855=x

x=3.09855

now we have:

6.81% of 45.5=3.09855

Hope this helps!

4 0

3 years ago

Read 2 more answers

Given The following Graph:<br><br> a.)Evaluate f(0). <br> b.) Solve for f(x) = -3

dlinn [17]

Answer:

see explanation

Step-by-step explanation:

a

f(0) means find the value of y when x = 0

That is f(0) = 1 ← the point (0, 1) on the graph

b

When f(x) = - 3 means what are the values of x corresponding to y = - 3

From the graph when y = - 3 there are 2 corresponding values of x, that is

x = - 2 or x = + 2

The solution to f(x) = - 3 is x = ± 2

3 0

3 years ago