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Ghella [55]
2 years ago
12

Presented below are certain account balances of Nash Products Co. Rent revenue $ 7,390 Sales discounts $ 8,110 Interest expense

12,880 Selling expenses 99,460 Beginning retained earnings 114,570 Sales revenue 403,000 Ending retained earnings 134,670 Income tax expense 24,211 Dividend revenue 71,030 Cost of goods sold 166,661 Sales returns and allowances 12,840 Administrative expenses 76,150 Allocation to noncontrolling interest 17,160 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Nash has allocation to noncontrolling interest of $ 17,160.
Business
1 answer:
Oksi-84 [34.3K]2 years ago
8 0

Answer: Answer Bellow

Explanation:Rent revenue $7,390. Sales discounts $8,110 Interest expense 12,880. Selling expenses 99,460 114,570. Beginning retained earnings. Ending retained earnings

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Kellie believes that Amy is upset with her. Therefore, when Kellie sees Amy walking down the street, Kellie does not say hello t
LiRa [457]

Answer:

Self-Fulfilling Prophecy

Explanation:

According to the description of the situation in the question we can say that this is an example of a Self-Fulfilling Prophecy. This is because a Self-Fulfilling Prophecy is when a person believes something will happen and subconsciously changes their behavior and causes it to happen. Which is what Kellie has done.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Cutler Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:Year Cash Flow0 –$ 39,800,000 1
muminat

Answer:

The two IRRs are: - 76.49% and 36.79%

Explanation:

To simplify our "Hard work", let's denote the cash flow numbers in terms of '000 (To reduce the number of zeros).

IRR is that discount rate R, for which NPV = 0

NPV is the sum of discounted cash inflows and outflows. Therefore,

NPV ($'000) = - 39,800 + (63,800 / (1 + R) - [12,800 / (1 + R)2]

When NPV = 0 [If R is the IRR],

0 = - 39,800 + [(63,800 / (1 + R)] - [12,800 / (1 + R)2]

[12,800 / (1 + R)2] - [(63,800 / (1 + R)] + 39,800 = 0

To simplify further, let's put N = 1 + R. Also, let's divide both sides by 200 [Note: We're only doing arithmetical simplification to reduce the large numbers]]:

[64 / (N)2] - (319 / N) + 199 = 0

Multiplying all terms by (N2):

64 - 319N + 199 (N)2 = 0

that is,

199 (N)2 - 319N + 64 = 0

This is a quadratic equation with large coefficients. Solving quadratic equation is outside scope of this question (it belongs to Algebra), so I've used an Online Quadratic equation solver**, which returns following values of N:

N = 1.3679, and N = 0.2351

So:

1 + R = 1.3679, Or 1 + R = 0.2351

R = (1.3679 - 1) or R = (0.2351 - 1)

R = 0.3679 or R = - 0.7649

The two IRRs are: - 76.49% and 36.79%

4 0
3 years ago
These are selected 2022 transactions for Pronghorn Corporation:
Nataly [62]

Answer:

December 31, 2022, amortization expense of copyright

Dr Amortization expense 19,500

    Cr Copyright 19,500

December 31, 2022, amortization expense of patent

Dr Amortization expense 10,000

    Cr Patent 10,000

No journal entry required for the Goodwill since its useful life is indefinite

5 0
3 years ago
In each of the following scenarios, explain and categorize the cost of inflation.a) Because inflation has risen, the J.Crew clot
Kazeer [188]

Answer:

Consider the following explanation

Explanation:

a) J. Crew is issuing its catalogs monthly in response to inflation. This will incur cost and it is known as 'Menu Cost'.

b) Grandpa has bought annuity which has promised $10,000 a year for the rest of his life. However, higher than expected inflation means grandpa has lesser purchasing power. This is loss of purchasing power and also 'redistribution cost'. In higher inflation borrower tends to get benefit. Here insurance company is at the gain.

c) Maria is witnessing loss of purchasing power because of hyper inflation. In such scenario, cost keeps rising and product's price could be higher a few hours later. This was witnessed in Germany as well as in Zimbabwe. People run to the stores as soon as they get cash or salary. It is known as 'shoe leather cost'. People make frequent trips to banks or stores but do not keep cash in fear of losing value.

d) Gita actually earned only 5% on her portfolio but as her income is in taxable bracket so she has to pay 20% tax. Her income from portfolio not even compensated inflation. This is a redistribution cost and also known as fiscal drag. More people fall into bracket because higher nominal income but real income is neglected which makes people worse off.

e) Father thinks that son is earning far more than him but inflation over the period of time erodes purchasing power and it could be possible that current income might be lower, same or higher comparing to inflation data. However, if it is lower then it is obviously loss of purchasing power.

5 0
3 years ago
_____ power is a function of the amount of knowledge one possesses relative to the rest of the members of a group
shutvik [7]
Expert power is a function of the amount of knowledge one possesses relative to the rest of the members of a group.
7 0
3 years ago
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