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
balu736 [363]
2 years ago
9

Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investm

ent at $150,150 and $165,550 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $75,650 of net income and paid dividends of $20,500. Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been: (Round your answer to the nearest whole percent): Multiple Choice 26%. 20%. 75%. 28%.
Business
1 answer:
blagie [28]2 years ago
6 0

Answer:

28%

Explanation:

let X = the percentage of ownership of Clor Confectionery

the investment account balance = $150,150 - X$20,500 + X75,650 = $165,550

$150,150 + X$55,150 = $165,550

X$55,150 = $15,400

X = $15,400 / $55,150 = 0.2792 = 27.92% ≈ 28%

You might be interested in
The marketing concept states that the social and economic justification for an organization’s existence is the satisfaction of c
Goshia [24]

Answer:

True

Explanation:

The satisfaction of customer is the key need of survival for any business.

As the customer satisfaction will result into good branding, economic support and vital performance booster for the organisation.

Customer satisfaction ensures that the organization is socially and economically viable, and equally capable of running business with the perspective of growth.

Thus the above stated statement is

True

7 0
3 years ago
An increase in the selling price per unit will decrease an organization's operating leverage, assuming sales unit volume doesn't
xenn [34]

Answer:

a) true

Explanation:

This is true because, increasing the price of the product sold by an organisation directly lead to the reduction of the operating cost of the said organization, all other things being equal. <em>For example, a glass manufacturing company increasing the selling price per unit glass from $40 to $90 will definitely lead to operating cost reduction.</em>

7 0
3 years ago
g The company plans a 4-for-1 stock split. How many shares will you own and what will the share price be after the stock split?
Nata [24]

Answer: 14,400; $17

Explanation:

Stock splits are a strategy by firms to increase the liquidity of their shares especially when they are trading at a high price. The firm divides the stock by a certain number thus increasing the number of shares by the multiple of the number. This action will divide the price of the stock and thus allow for more trade as they are cheaper.

A 4-for- stock split means that each share will become 4.

Your total number of share will become;

= 4 * 3,600

= 14,400 shares

The new price will be;

= 68/4

= $17 per share

7 0
3 years ago
Extrinsic motivation is defined as ________. the pursuit of an activity for external reward the pursuit of an activity for its o
dexar [7]
Extrinsic motivation is defined as THE PURSUIT OF AN ACTIVITY FOR EXTERNAL REWARD. Extrinsic motivation refers to behaviours that are driven by external rewards such as money, fame, praise, etc. Such behaviours arise from outside the individuals. 
6 0
3 years ago
How is the dual credit program different from the AP program?
olga55 [171]

AP courses are part of the College Board organization that requires students to take a rigorous test at the end of the course to potentially earn college credit. A dual credit course on the other hand is an official course at Loyola University Chicago.

3 0
3 years ago
Read 2 more answers
Other questions:
  • People enjoy outdoor holiday lighting displays and would be willing to pay to see these displays but can't be made to pay. Becau
    12·1 answer
  • LLP Company had the following stockholders’ equity as ofJanuary 1, 2017.
    8·1 answer
  • Consider the market for a breakfast cereal. The​ cereal's price is initially ​$3.003.00 and 7070 thousand boxes are demanded per
    7·1 answer
  • Corona Company is owned equally by Maria, her sister Carlita, her mother Gabriella, and her grandmother Olivia, each of whom hol
    8·1 answer
  • Nolan Dry Cleaners has determined the following about its​ costs: Total variable expenses are $40,000​, total fixed expenses are
    15·1 answer
  • Kenneth, a food blogger, is paid a handsome fee by a new restaurant to write an article about it. The assignment came with a rid
    15·1 answer
  • "You plan to buy a piece of machinery worth $50,000 then you plan to sell it at the end of its 15-year life cycle for $5,000. Wh
    10·1 answer
  • Jay is an 21 year old college senior. He reads on a financial blog that interest rates are being lowered by the Federal Reserve.
    12·2 answers
  • What is a computer network?
    8·1 answer
  • As a recent college graduate, Eli started working for an export trading company. His job has already taken him around the globe
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!