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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%

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The main reason the New York Federal Reserve Bank President is always on the FOMC is _________.
krek1111 [17]

Answer:

The main reason the New York Federal Reserve Bank President is always on the FOMC is due to the importance of the New York Federal Reserve Bank

Explanation:

The body of the Federal Reserve System responsible for making monetary policy is the Federal Open Market Committee, FOMC

The Fed's monetary policy are executed primarily through the New York Fed and the other Federal Reserve Banks. The New York Fed does this mainly through Permanent Open Market Operations, providing lending facilities, and performing quantitative easing so as to ensure that the Fed unemployment, inflation, and interest rates policy targets are archived

The New York Fed is the primary agent through which the Fed intervenes in foreign exchange markets. The New York Fed also carries out all Fed open market transactions, and therefore is about the most important bank in the FOMC

The New York Federal is also the only one of the Federal Reserve banks that is a member of the Bank of International Settlement, provide gold storage for other foreign central banks and a good number of the largest banks in the United States are located in the New York Federal Reserve district, as

The main reason the New York Federal Reserve Bank President is always on the FOMC is therefore due to its uniqueness and the special responsibilities, functions and capacities of the New York Federal Reserve Bank

5 0
3 years ago
The McDonald's fast-food restaurant on campus sells an average of 4,000 quarter-pound hamburgers each week. Hamburger patties ar
Gre4nikov [31]

Answer:

a. 148.57 for the year.

b. 2.45 days

Explanation:

a. Each  hamburger patties cost $1.00 a pound and 4,000 quater pounds are supplied per week. 4 quater pounds make up 1 pound so;

= 4,000/4

= 1,000 pounds are supplied per week.

Inventory turnover = Cost of goods sold for the year/ Average Inventory

= ( Pounds per week * cost per pound * number of weeks in year)/ Average inventory

= ( 1,000 * 1 * 52) / 350

= 148.57 for the year.

b. Average Days of Supply = Average Inventory/cost of goods sold

= 350/( 1,000 * 1 * 52)

= 0.00673 per year

To convert to days multiply by;

= 0.006730 * 52 weeks * 7 days

= ‭2.44972‬

= 2.45 days

4 0
3 years ago
"Clothing maker The Gap states that its purpose as an organization is to "create emotional connections with customers around the
alexdok [17]

Answer:

mission statement

Explanation:

Mission statement -

It is the statement about the organization , as why is the organization in existence , determining the goal of the operation , the type of product ans service that the organisation provides , find the overall goal and the primary market and customer , is known as the Mission statement .

Hence , from the question , The Gap , the clothing maker have certain motto , i.e. , create emotional connections with the customer ,

Therefore , it is the company's Mission statement .

8 0
3 years ago
( WILL GIVE BRAINLIEST!!!) Type the correct answer in the box. Spell all words correctly.
aleksklad [387]

Answer:

0.90

Explanation:

The debt to equity ratio is a type of leverage ratio. It is also known as a risk ratio. It is calculated using the formula below.

Debt to Equity Ratio=Total Shareholders Equity/ Total Liabilities​​.

Shareholders' equity is comprised of retained earnings, share capital, income, and dividends.

Total liabilities are the current liabilities plus long term liabilities.

For Creatz Ltd, Total liabilities are $3500 + $7500= $11,000

Shareholders is $10,000

debt to equity ration

= $10,000/$11,000

=0.90

8 0
3 years ago
Voice is a principle of good communications One major reason to do an in-depth interview of top management and communicators bef
cluponka [151]

Answer:

Verbal communication in the workplace.

Explanation:

Being voice a part of the skills and knowledge for effective communication, an in-depth interviews of top management and communicators is essential to design an effective employee communication program to gather, convey and receive information  and people skills , respecting cultural differences and related legislation. This knowledge and skills will structure the ability to communicate effectively with employees during the day  in the workplace.

8 0
3 years ago
Read 2 more answers
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