Hello there.
<span>When the investor owns more than 50% of the voting common stock of the investee, the investee is considered to be under the legal control of the investor.
True.</span>
Answer:
Explanation:
The differences between day pricing of hotel rooms and the pricing of airline itineraries can be summarized based on what the product is, what the resource is, and what is being priced.
For Airline,
The product: itineraries
The resource: flight legs used by the itinerary
What is being priced: itinerary (the product).
For Hotel,
The product: multi-day stay
The resource: room on a particular day
What is being priced: room on a particular day (resource). The price of the multi-day stay (product) is the sum of the prices of each particular day (resource).
<h3>$ 3100 is invested at 11 % interest and $ 2800 is invested at 6 % interest</h3>
<em><u>Solution:</u></em>
Let x = the amount invested at 11%
Then, 5900 - x = the amount invested at 6%
The total annual return from the two investments is $ 509.00
Therefore,
11 % of x + 6 % of 5900 - x = 509
Thus, $ 3100 is invested at 11 % interest
5900 - x = 5900 - 3100 = 2800
Thus, $ 2800 is invested at 6 % interest
Answer: See explanation
Explanation:
Following the information given in the question, the adjusting journal entry to record depletion expense will be:
Debit Depletion expense - Coal deposit = $280,000
Credit Accumulated Depletion - Coal Deposit = $280,000
Note that the depletion expense was calculated as:
= ($900000 - $100000) / 200000] × 70000
= $280000