Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
Answer:
Ending inventory will be $108925
Explanation:
We have to find the estimated ending inventory
It is given by
Estimated ending inventory = Cost of Goods available for sale - Cost of Goods Sold
Cost of Goods available for sale = $155,000+$467,300 = $622,300
Cost of Goods Sold = Sales - Gross profit = 
So ending inventory = $622300 - $513375 = $108925
So ending inventory will be $108925
Answer:
consumers would find it cheaper to buy gasoline
Explanation:
In the short run a tax cut or tax suspension as we have In this question is able to increase demand because it increases peoples disposable income. This tax cut of $0.4 would remove burden on gasoline consumers. By removing the tax on gasoline the price of gasoline would become lower and consumers would find it easier and cheaper to purchase
The Enterprise Value of the Alibaba group from the given information will amount to $563,381.
<h3>What is Enterprise Value?</h3>
The Enterprise Value can be regarded as a measure of a business' total value. It is the summation of all the creditors and equity holders at the company's end.
Using the formula and the given information, the Enterprise Value can be calculated as,
Hence, option C holds true regarding the Enterprise Value. The complete question has been attached with an image.
Learn more about the Enterprise Value here:
brainly.com/question/17189548
#SPJ1
Answer:
The correct answer is $2,700.
Explanation:
According to the scenario, the computation of the given data are as follows:
Sell uniforms = $3,000
Sale return = $300
received order to produce in December = $1,800
So, we can calculate the net account receivable in November by using following formula:
Net account receivable = Sales in November - Sales return in November
By putting the value, we get
= $3,000 - $300
= $2,700
