Dec 31 Management Services ....................................$1875
To Prepaid Expenses.....................................................$1875
(Being prepaid expenses recognised for the year)
Investor is the answer. Hope this helps!
Answer:
The answer is Lola should acknowledge a $3,000 from this distribution.
Explanation:
From the question given, we say that, Lola should acknowledge a $3,000 from this distribution.
Recall that
The Cash Distributed cash = $ 25,000
The Basis in this ownership of interest is = $22,000
The Gain = $3,000
Lola basis after the distribution is zero.
Therefore Lola should accept this distribution of a $ 3000
Answer:
$32.60
Explanation:
Data provided in the question:
Dividend paid per share = $0.60
Market price per share = $35.75
Required returns, r = 11.5% = 0.115
Now,
Current price = [ Dividend paid per share + Market price per share ] ÷ ( 1 + r )
= [ $0.60 + $35.75 ] ÷ ( 1 + 0.115 )
= $36.35 ÷ 1.115
= $32.60
Answer: -$2,565
Explanation:
Operating Income with the Leashes line is $11,000.
If the Leashes line is dropped, the operating income would be:
= Sales of Collars - Variable expenses - Fixed expenses of Collars - Residual fixed expenses pf Leashes
= 210,000 - 135,000 - 56,000 - (38,000 - 27,435)
= $8,435
Change in Total income = Income without Leashes - Income with LEASHES
= 8,435 - 11,000
= -$2,565
