1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vekshin1
3 years ago
15

Pepe, Incorporated acquired 60% of Devin Company on January 1, 2018. On that date Devin sold equipment to Pepe for $45,000. The

equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2018 and 2019, respectively. Pepe uses the equity method to account for its investment in Devin.What is the consolidated gain or loss on equipment for 2018
Business
1 answer:
CaHeK987 [17]3 years ago
8 0

Answer: $9000

Explanation:

Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:

Cost of equipment = $120,000

Less accumulated depreciation = $66,000

Less: Amount Devin sold equipment to Pepe = $45,000

Consolidated loss= $120,000 - $66000 - $45000

= $9000

You might be interested in
KL Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $1.50, $1.75, and $1.80 a sha
True [87]

Answer:

the correct answer is $14.71

good luck

7 0
3 years ago
An approach to the SDLC that plans the project in advance and then progresses according to the plan is called what
makvit [3.9K]

Answer:

source-

One of the most common predictive models is the waterfall model. It assumes various phases in the SDLC that can occur sequentially, which implies that one phase leads into the next phase. In simple words, in waterfall model, all the phases take place one at a time and do not overlap one another.

in your own words-  

One of the foremost common prognostic models is that the falls model. It assumes varied phases within the SDLC which will occur consecutive, which suggests that one section leads into following section. In straightforward words, in falls model, all the phases occur one at a time and don't overlap each other.

Explanation:

source is where i got the imformation and the in your own words is it fully rewritten, sorry its a bit lengthy and hope this helps have a god day/night/noon! :)

7 0
2 years ago
Move to Green Computing. Your organization is a leader in the development of renewable energy sources based on enhanced geotherm
loris [4]

Answer:

B and C

b. Green computing will result in the safe disposal or recycling of computers and computer-related equipment.

c. Demand for the firm's goods and services will increase as existing and potential customers recognize its leadership in the use of environmentally friendly equipment.

Explanation:

Green computing is the environmentally friendly way of using resources, it involves manufacturing, using, and disposing of computer technology in such a way that the environment is not affected. For example getting involved to electronic recycling, limiting printing, and recycling paper.

Direct results from implementation of green computing will result in the safe disposal or recycling of computers and computer-related equipment.

Demand for the companie's goods will also increase due to its use of green computing because environmentally friendly practices are more sustainable.

5 0
3 years ago
"A corporation has issued $1,000 par, 8% convertible bonds, callable at par. The bonds are convertible into 20 shares of common
enot [183]

Answer:

Convert the bonds into 20 common stocks.

Explanation:

the investor has 3 options:

  1. sell the bond at $1,000 x 1.005 = $1,005
  2. sell the bond to the corporation at $1,000 + $10 = $1,010
  3. convert the bond into 20 common stocks = 20 x $51 = $1,020

the option that yields the highest return is to convert the bonds into common stocks.

3 0
3 years ago
Calculate the IRR of a machine that is purchased for $5,000, sold at the end of year 4 for $2,500, and produces the following ca
liraira [26]

Answer:

5.3%

Explanation:

Year     Cash-flow

0           -$5,000

1             $700

2            $800

3            $900

4            $3,500

<em>Using the IRR Function on MS Excel</em>

IRR of the machine = IRR(Cashflow 0,1,2,3,4)

IRR of the machine = 0.053

IRR of the machine = 5.3%

8 0
2 years ago
Other questions:
  • Suki's salary is $1,200 per month. What is her yearly salary?
    7·2 answers
  • Which of the following statements regarding the center of gravity method is false
    6·1 answer
  • Sheridan Company sells office equipment on July 31, 2017, for $20,320 cash. The office equipment originally cost $84,510 and as
    13·1 answer
  • Rounding off statistics _____.
    13·1 answer
  • Name a profession which typically includes an apprenticeship as part of its training program
    10·1 answer
  • A tractor to help with farm work would be an example of what kind of economic resource?
    10·1 answer
  • In an economy, the value of inventories was $75 billion in 2016 and $63 billion in 2017. In calculating total investment for 201
    9·1 answer
  • _____ is the ability for all organizations in a supply chain to access or view relevant data on purchased materials as these mat
    6·1 answer
  • Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on dir
    5·1 answer
  • During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!