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katen-ka-za [31]
3 years ago
7

Assume that Seiden Company gains control of Rimco, its subsidiary, with the purchase of a 40% interest paid in cash. The Equity

Investment account reports a balance of $75,000 on the acquisition date and represents a 30% interest in Rimco. The total value of Rimco on the acquisition date is $300,000 (assume no premium for control). The journal entry to record the acquisition includes:
a. Cash, credit, $300,000
b. Gain on revaluation of Rimco, credit, $15,000
c. Loss on revaluation of Rimco, debit, $15,000
d. None of the above
Business
1 answer:
Bingel [31]3 years ago
7 0

Answer:

the judge and jury duty and UN duty and correct and correct the spelling

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Who was given the nickname 'Master of Hotel Finance ? Conrad Hilton
MAVERICK [17]

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JW Marriott JR

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3 years ago
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Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease for $35,000 per
MrRissso [65]

Answer:

$30,000

Explanation:

Lara Technologies could invest the 250,000 in exchange of a 12% return, therefore, the opportunity cost would be:

$250,000 x 12% = $30,000

$30,000 dollars in returns is what Lara Technologies would give up if it purchased the land instead of investing the money.

6 0
3 years ago
Using the Du Pont method evaluate the effects of the following relationships for the company.
hammer [34]

Answer:

Explanation:

A. Profit margin*Total asset turnover=Return on assets(investment)

0.07*TAT=25.2

TAT=360

B. Return on equity=Return on assets/(1-debt/assets)=25.2/(1-0.5)=50.40%

C. Return on equity=Return on assets/(1-debt/assets)=25.2/(1-0.35)=38.77%

3 0
3 years ago
1) Illustrate how the type of work that he or she does influences a person's lifestyle. For example, contrast a farmer, a factor
steposvetlana [31]

Answer:1)The type of one job influences his lifestyle

2)No

3) value of self services in an economy includes improved customer services,more convenient , reduced overhead cost, customer satisfaction, increase productivity.

Explanation:Type of job tells a lot about people lifestyle,eg a person who spend very long hours at work hardly have adequate rest and social life.

Contrasting between farmers, school teacher and factory worker,the factory workers are semi skilled,teachers skilled and farmer could be non skilled ,the school teacher schedule is always fixed 8am to 4pm for instance so they are more organized,they are mostly in formal attire while a factory worker run shifts and may be see in safety boots and overall and may have little or erratic schedules .the farmer on the other hand has no schedule ,has relaxed routine,wear casuals and not necessarily tidy,does things when willed as most are self employed.

Even in their eating habits,farmers eat more of fresh food,while teachers eat processed foods and factory workers are more likely to eat junks or snacks.

While a school teacher may be seen with books ,a factory worker may be seen with machines and equipment and farmers with tools ,tractors etc

2)An economy can only thrive on goods and services,as both are needed for survival,a service person need commodities like foods,clothes etc to survive while a good traders cannot do without services like transportation,banking etc

3)the value of self service include overhead cost reduction,self service involves customer serving themselves with limited involvement of a third party or vendor e.g payment at pos at gas station, uses of ATM for cash withdrawal etc.

The organization uses less resources like staff,PCs to run self service this fund can be invested in other areas.

Increase customer service occurs as a result of self service , customer can do their trasaction at their pace and convenience.

4 0
3 years ago
How are NAFTA, the EU, and ASEAN similar
Vladimir [108]

Answer:

Each decreases trade barriers among neighboring nations.

Explanation:

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