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2 years ago

1. Give a brief description of the Business and Industry Endorsement.

Business

1 answer:

777dan777 [17]2 years ago

3 0

Answer:

siness and Industry Endorsement.

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Explanation:

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Thyme, Inc. owns 16,000 of Sage Co.'s 20,000 outstanding common shares. The carrying value of Sage's equity is $500,000. Sage su

DedPeter [7]

Answer:

The total non controlling interest after the additional shares are issued is equal to $252,000.

Explanation:

Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -

Total number of shares = 25,000 ( 20,0000 + 5000 )

Total equity value = $700,000

Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =

TOTAL EQUITY / NUMBER OF SHARES

$700,000 / 25,000

= $28

NON CONTROLLING INTEREST = Minority shares x Price per shares

= 9000 x $28

= $252,000

8 0

3 years ago

One reason that the quantity demanded of a good increases when its price falls is that the:

Brums [2.3K]

<span>Lower price increases the real incomes of buyers, enabling them to purchase more.</span>

4 0

2 years ago

Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $38,000 and a remain

irina [24]

Answer:

Alternative A should be accepted as it is giving favourable result of $30,600

Explanation:

Xinhong Company

ALTERNATIVE A: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine $123,000

Cash received to trade in old machine $48,000

Reduction in variable manufacturing costs = 4*($33500 - $22400) = $44,400

Total change in net income $30,600

ALTERNATIVE B: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine $119,000

Cash received to trade in old machine $48,000

Reduction in variable manufacturing costs = 4*($33500 - $10300) = $92,800

Total change in net income $21,800

Therefore, Alternative A should be accepted as it is giving favourable result of $30,600

4 0

2 years ago

What should you do if your manager has to leave the office to attend to personal business? A. Let the call go directly to voicem

IRINA_888 [86]

Best answer is that I can think of is probably C

4 0

2 years ago

Read 2 more answers

Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follow

Amanda [17]

Answer:

<u>Budgeted functional income statement for 2015</u>

Gross sales ($2,000,000 × 1.04 × 1.06) $2,204,800

Less: Estimated uncollectible accounts ($2,204,800 × 2 %) ($44,096)

Net sales $2,160,704

Cost of goods sold (1,100,000 × 1.03) ($1,133,000)

Gross profit $1,027,704

Operating expenses (475,000 × 1.10) ($522,500)

Depreciation ($25,000)

Net income $480,204

Explanation:

Make the adjustments stated on the 2014 Income Statement.

For Operating Expenses, it is wise to first remove the depreciation expense and apply the increment of 10% to reflect Operating Costs for 2015.

Treat Depreciation Expense separately and at the same amount as for 2014, since depreciation is calculated on straight line method.

3 0

3 years ago