1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elden [556K]
3 years ago
5

Madison Corporation purchased 40% of Jay Corporation for $300,000 on January 1. On June 20 of the same year, Jay Corporation dec

lared total cash dividends of $75,000. At year-end, Jay Corporation reported net income of $375,000. The balance in Madison's Equity Method Investments—Jay Corporation account as of December 31 should be:
Business
1 answer:
Mandarinka [93]3 years ago
4 0

Answer:

$420,000

Explanation:

Given the above information,

Dividend

= $75,000 × 40%

= $30,000

Share in income

= $375,000 × 40%

= $150,000

Balance in investment account

= Beginning balance + Share in income - Dividend

= $300,000 + $150,000 - $30,000

= $420,000

Therefore, the balance in Madison's equity method investments - Jay Corporation accounts as of December 31 should be $420,000

You might be interested in
Visit a nearby office of a company or consult the office of your school. study the various types of human resources working ther
BartSMP [9]

Explanation:

See the images for answer....

I AM NOT FROM U.S.A I AM FROM INDIA

8 0
2 years ago
Read 2 more answers
Violations of security policies are considered to be a(n) __________ issue upon which proper disciplinary actions must be taken.
kari74 [83]

<u>Answer: </u>

Violations of security policies are considered to be a law enforcement issue upon which proper disciplinary actions must be taken.

<u>Explanation: </u>

  • The security policies put into place by the organization actually serve as the first wall of protection for the organization.
  • The organization makes it clear through its security policies what actions would be deemed as an attempt to breach the security and what actions are prohibited within and outside the premises of the organization as an employee of the organization:
4 0
3 years ago
After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume: Mult
Sauron [17]

Answer:

Steak is a normal good, and hamburger is an inferior good for Jennie

Explanation:

Based on this behavior, we can assume steak is a normal good, and hamburger is an inferior good for Jennie. That is because a normal good is any good who's demand increases when there is a rise in the consumers' income, while an inferior good sees decreased demand due to a rise in income. Therefore, since Jenna buys more (increased demand) steak and less (decreased demand) hamburger due to her increased income this means that steak is a normal good, and hamburger is an inferior good for Jennie

7 0
2 years ago
Economic modelsa. are not useful because they omit many real-world details.b. are usually composed of diagrams and equations.c.
tino4ka555 [31]

Answer:

b. are usually composed of diagrams and equations.

Explanation:

Economic models involve huge number of factors for their study and analysis.

It encompasses the analysis of various situations in an economy. It amounts for significant influence on the changes in market and environment, in which an economy runs.

Since it is complex in nature it involves huge diagrams, metrics, equations.

As with just theory it is not easy to form the understanding of economics. Thus, it involves many pictorial representations in the form of diagrams, graphs, etc:

Therefore, correct statement is

Statement b

6 0
3 years ago
2. What are the 3 Critical Things that Rober Iger felt needed to happen when he took over?<br> |
Olegator [25]

Answer:

yo wassup cuzzzzz

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • Nielson Corp. sells its product for $6,600 per unit. Variable costs per unit are: manufacturing, $3,600, and selling and adminis
    9·1 answer
  • If you were responsible for marketing communications at a company that manufactures office supplies and had to provide product l
    6·1 answer
  • In a conditional expression that includes logical operators, the and operator has a lower order of precedence than the _________
    7·1 answer
  • What are the benefits of hiring a teenage worker?
    10·2 answers
  • Deb Boon is single claims to allowances and they're $293.23 each week if each weekly allowance is $63. 46 how much is Deb's taxa
    9·1 answer
  • Clarence is purchasing a $142,000 home with a 15-year mortgage. He will
    15·1 answer
  • Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
    10·1 answer
  • Safety and self-actualization are examples of __________. a. credibility appeals b. emotional appeals c. persuasive appeals d. l
    10·2 answers
  • Union Local School District has bonds outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity.
    9·1 answer
  • you were recently hired by a firm as a project analyst. the owner of the firm is unfamiliar with financial analysis and wants to
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!