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3 years ago

A corporation had the following assets and liabilities at the beginning and end of this year.

Business

1 answer:

kifflom [539]3 years ago

7 0

Answer:

a. Net Income =$29,336

b. Net Income = $29,936

c. Net Loss = - $15,664

d. Net Income = $5,064

Explanation:

Assets = Liabilities + Equity

Equity = Asset - Liability

Beginning Equity :

Beg Equity = $95,500 - $40941

Beg Equity = $54,559

Ending Equity:

Ending Equity = $141,000 - $57,105

Ending equity = $83,895

Net Income = Ending equity - Beg equity + Dividends paid - investments made

a. When no investments made and no dividends paid:

Net Income = $83,895 - $54,559 + 0 - 0

Net Income =$29,336

b. When no investments made and $600 dividend paid:

Net Income = $83,895 - $54,559 + $600 - 0

Net Income = $29,936

c. When no dividend paid and $45,000 invested in common stock:

Net Income = $83,895 - $54,559 + 0 - $45,000

Net Income = - $15,664

d. When $35,000 investments made and $600 dividend paid:

Net Income = $83,895 - $54,559 + $600 - $35,000

Net Income = $5,064

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Chico Company paid $560,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the

s2008m [1.1K]

Answer: $110,432

Explanation:

The cost allocated to the Office furniture is the percentage of total appraised cost * the price paid for the basket purchase because it shows what proportion of the Basket Purchase should be ascribed to the Office furniture.

Total Appraised value = 140,000 + 460,000 + 110,000

= $710,000

Office furniture Proportion = 140,000/710,000

= 0.1971830985

=0.1972

Amount to be allocated to Office furniture = 0.1972 * 560,000

= $110,432

$110,432 should be allocated to the office furniture.

= $110,422.

3 0

3 years ago

Consternation Corporation has an agreement with its workers to index completely the wage of its employees using the CPI. Conster

Lilit [14]

Answer:

correct option is C. $2.00

Explanation:

given data

currently pays = $8 an hour

CPI currently = 160

old = 128 year

to find out

firm should increase the hourly wages of its workers by

solution

we get here first rate that is express as

rate = $\frac{CPI*currently\ pay}{time}$ ...........1

rate = $\frac{160*8}{128}$

rate = $10

So Increase is here as = $10 - $8

increase by = $2

so correct option is C. $2.00

4 0

3 years ago

Rather than creating a new product, Chinese manufacturers have been notably successful at adopting a different strategy. They ha

Basile [38]

The method that was adopted by the Chinese manufacturers who instead of creating a new product, adopted a different strategy is: Lean manufacturing initiative.

Lean manufacturing initiative is a form of manufacturing where the producer identifies non-value adding activities and initiates measures to systematically eliminate these.

The process is gradual. Most manufacturing organizations adopt this process.

This is the same with the Chinese industries who instead of immediately creating a new product, adopt the strategy of introducing competing products.

Learn more about lean manufacturing initiative here:

brainly.com/question/24155857

3 0

3 years ago

Which of the following is true? If consumption of a good gives rise to a positive externality, it can be internalized by taxing

AleksandrR [38]

Answer:

If consumption of a good gives rise to a negative externality, it can be internalized by subsidizing the purchase of the good.

Explanation:

The effect of a market exchange on a third party who is outside or “external” to the exchange is called an externality or spill over.

Negative externality are negative spill over effects of a transaction, a situation where a third party, outside the transaction, suffers from a market transaction by others .

Internalizing the externality means <u>shifting the burden, or costs, from a negative externality</u>, such as pollution or traffic congestion, from outside to inside (external to internal). This can be done through taxes, property rights, tolls, and government subsidies.

A negative externality exists is the cost of production exceeds private costs

Hence, such negative externality can be internalized through subsidy by the government

7 0

3 years ago

One of the major shortcomings of organizational charts is that they do not recognize the role of _____ when they depict authorit

Snezhnost [94]

Answer:

b. horizontal communication

Explanation:

The communication is the process of passing the information from the sender to the receiver which involves the encoding, decoding, feedback, etc

The horizontal communication is the communication which communicate with the same level of the management i.e means passing the information within the organization of the same role and responsibilities

so according to the given scenario, the major short coming is of horizontal communication as they do not recognize the role of different level of management or different role and responsibilities

8 0

4 years ago