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EastWind [94]
3 years ago
11

The next 5 questions use the same below information. Company C had the following investment. Help them determine the financial s

tatement implications of the investment. Tax rate 21% Estimated tax payment 21,000 Investment cost and ending fair values for 20X1 and 20X2: 20X1 20X2 Cost 100,000 100,000 Fair value 110,000 134,000 Total gain 10,000 34,000 20X1 income statement information: Sales 1,670,200 Expenses 1,536,600 What is net income for 20X1 assuming the investment is short-term?
Business
1 answer:
valentinak56 [21]3 years ago
7 0

Answer:

$143,600

Explanation:

Calculation for What is net income for 20X1 assuming the investment is short-term

Using this formula

Net income for 20X1 = Sales – Expenses + Unrealized gain on short-term investments

Let plug in the formula

Net income for 20X1 = $1,670,200 - $1,536,600 + $10,000

Net income for 20X1= $143,600

Therefore the net income for 20X1 assuming the investment is short-term will be $143,600

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Cat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking t
Ugo [173]

Answer:

Increase promotion spending

Explanation:

Note that the challenge for the product is to get a demand that supersedes that of their competitor. Thus, by spending more on promotion they could still maintain the contribution margin while at the same time increase consumers demand the product.

For example, by adding extra gift items to their products consumers would likely feel motivated to buy the product over the other.

8 0
3 years ago
The name of a key is based on the name of the corresponding .
Nata [24]
Vas happenin!!

Scale is for to find your note or key

Clef is the beginning of the notes

Pitches are for singing

Signature is your own voice

I would go with scale


Hope this helps

-Zayn Malik
5 0
3 years ago
The following data is available for Pina Colada Corp. at December 31, 2017:
Kazeer [188]

Answer:

No of common stock outstanding

= <u>Total value of common stock issued</u>

   Par value per share

= <u>$196,000</u>

    $10

= 19,600 shares

Explanation:

In this case, we will divide the total value of common stock issued by the par value per share so as to obtain the number of common stock outstanding.

7 0
3 years ago
An ipo is issued in the primary market which is smaller than the secondary market for equities. true /false
WITCHER [35]

The statement is True. An IPO is issued in the primary market which is smaller than the secondary market for equities.

In finance, fairness is the possession of belongings that could have debts or other liabilities connected to them. Equity is measured for accounting functions by subtracting liabilities from the price of the belongings.

Fairness is the amount of capital invested or owned with the aid of the owner of an agency. The fairness is evaluated through the difference between liabilities and assets recorded on the balance sheet of an organization. The worthiness of fairness is primarily based on the prevailing proportion fee or a cost regulated by the valuation experts or investors.

In end, stocks are known as equities because they represent possession in organizations. They let buyers gain from growth however additionally have danger when enterprise situations weaken.

Learn more about  equities here brainly.com/question/25847981

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4 0
2 years ago
Groupe Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. T
lions [1.4K]

Answer:

$8,331 Favorable

Explanation:

The computation of activity variance for plane operating costs is shown below:-

For computing the activity variance for plane operating costs we need to find first the expected cost which is shown below:-

Expected cost = $36,240 + ($2,058 × 84) + (1 × 239)

= $36,240 + $172,872 + 239

= $209,351

Activity variance for plane operating costs in October = Expected - Actual

= $209,351 - $201,020

= $8,331 Favorable

5 0
3 years ago
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