40. If you could live anywhere, where would it be?

Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000

IceJOKER [234]

Answer:

a. $80,000

Explanation:

In this question we are only concerned about the net income reported by Dodge on its income statement.

First we need to calculate ownership % in 2012 = 15% + 25% = 40%

Net income of 2012 (Gates) = $ 200000

hence Dodge will report net income of 40% of 200000 = $80000

Hence the correct answer is A

Note: Dividends will not affect the investors net income but it would reduce the investment value of Gate reported by Dodge (as it is seen as a return on investment)

5 0

3 years ago

Aladdin Grocer's 2019 balance sheet shows average stockholders’ equity of $18,000 million, net operating profit after tax of $1,

tekilochka [14]

Answer:

B. Return on Equity = 3.17%

Explanation:

The return on common stockholder's equity is a profitability measure showing how much net return the company is providing on the equity invested by shareholders.

The equity of common stockholders is made up of Share capital and reserves. The common shares is just one part of equity.

To calculate the return on equity, the formula is:

Return on Common Equity = Net Income / Shareholder's Equity

Here, the Net income is 665 m while the shareholder's equity is 18000m.

Return on equity = 665 / 18000 = 0.0369 or 3.69% rounded off to 3.7%

So, B is the correct answer

6 0

3 years ago

At the Bourg Company, a primary ______ is to increase the monthly revenue by 10%. Bourg considers revenue targets a key part of

mr_godi [17]

Considering the subsequent description given in the question, At the Bourg Company, a primary sales goal is to increase the monthly revenue by 10%.

This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from sales.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a sales goal.

Sales goal is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "sales goals."

Learn more here: brainly.com/question/23162020

6 0

2 years ago

On September 1, 2021, American Metals Distribution (AMD) has an inventory of 10,000 pounds of copper that it plans to sell on th

Anon25 [30]

Answer and Explanation:

a. The Journal entry is shown below:-

1. Hedge charges Dr, $150

To Cash Account $150

(Being bank charges is recorded)

2. Hedge Instrument - Financial Asset Dr, $600

To Profit and Loss A/c $600

(Being financial assets is recorded)

3. Profit and Loss A/c Dr, $600

To Inventory Account - Copper $600

(Being profit and loss account is recorded)

4. Bank A/c Dr, $22,400

To Sales $22,400

(Being bank account is recorded)

2. The computation of the gross margin and locked with the put option and actual reported gross margin is shown below:-

Particulars Rate Pounds Amount Gross Margin Gross Margin

Cost Price $2.15 10,000 $21,500

Strike Price $2.3 10,000 $23,000 $1,500 6.98%

Cost after hedge

loss of $0.6 2.09 10,000 $20,900

Selling Rate $2.24 10,000 $22,400 $1,500 7.18%

Gross margin locked with the put option: 6.98%

Actual reported gross margin: 7.18%

The two amounts are different, since the carrying value of the inventory has changed and the same has been reduced. As a result the total gross margin of 1,500 yielded another percentage as the base value (inventory carrying value) was adjusted.

5 0

3 years ago

All of the following are positive outcomes of employee development except: Group of answer choices development enhances the orga

Lilit [14]

Answer:

development enhances the organization's capacity to control environmental forces

Explanation:

Employee development can be described as when an employer takes certain certain steps to increase the skills, competences and knowledge of the employees.

Employee development can take the form of :

trainings
Mentorships
On the job training
conferences
job rotations

Advantages of employee development includes :

It reduces employee turnover
It increases the skills of employee
It increases the efficiency of employees

7 0

3 years ago