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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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Carl wants to add a new slide to his PowerPoint presentation. Which option should he use?
Orlov [11]

The question is incomplete:

Carl wants to add a new slide to his PowerPoint presentation. Which option should he use?

A) On the Insert tab, click the Insert New command.

B) On the Insert tab, click the Add New command.

C) On the Home tab, click the New Slide command.

D) On the Home tab, click the Arrange command.

Answer:

C) On the Home tab, click the New Slide command.

Explanation:

PowerPoint is Microsoft software that is used to prepare presentations. If you want to add a new slide that is a page of the presentation, you can go to the home tab that is the default tab that appears on the top of the program and choose the option new slide. According to that, the answer is: on the Home tab, click the New Slide command.

The other options are not right because there is no insert new or add new command on the Insert tab and the arrange command is used for organizing the objects.

6 0
3 years ago
Coronado Inc. had beginning inventory of $12700 at cost and $20900 at retail. Net purchases were $113930 at cost and $158500 at
aalyn [17]

Answer:

<u><em>Ending Inventory:</em></u> <em>21,267.70</em>

Explanation:

                cost   retail  

beginning        12,700    20,900

purchases   113,930   158,500

markups                9,600  

markdowns               (7,400)

total                 126,630    181,600  

inventory to retail ratio: 126,630 / 181,600 =  0.6973

sales revenues   151,100  

COGS: 151,100 x 0.6973 =  105,362.30

<u><em>Ending Inventory:</em></u> 126,630 - 105,362.30 = <em>21,267.70</em>

3 0
3 years ago
With the Likert scale, it is best to use "flat" or plain statements and let the respondent indicate the intensity of his or her
Basile [38]

Answer:

A

Explanation:

This is because it allows the respondent indicate the intensity of his or her feelings by using the agree-disagree response continuum position according to the Likert survey rating scale.

5 0
3 years ago
If the economy is experiencing an inflationary gap, the Fed should conduct ______ monetary policy to ______ aggregate demand.
Romashka [77]
The answer is Contractionary and Decrease
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2 years ago
The majority of private sector employment in the u.s. economy is in the
sasho [114]
The majority of private sector employment in the u.s. economy is in the services.
The private sector is the part of the economy, generally pertain to as the citizen sector. Which is ruled by private individuals or groups, usually as a means of firm for profit and it is not regulated by the State.
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