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2 years ago

State fully the need for, and the uses of, a postal remittances book.

Business

1 answer:

skelet666 [1.2K]2 years ago

4 0

Answer:

Postal Remittance Book - a book kept for recording money received through the mail.

Explanation:

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Bellbird Corporation acquired an 80% interest in Honey Inc for $130,000 on January 1, 2014, when Honey had Capital Stock of $125

Lyrx [107]

Answer:

$15,750

Explanation:

The computation of the net income reported by two methods is shown below:

= Income from Corporal + Non-controlling interest income

= $12,600 + $3,150

= $15,750

Or we can one thing also

= Income from Corporal ÷ acquiring percentage

= $12,600 ÷ 80%

= $15,750

All other information that is mentioned in the question is not relevant. Hence, ignored it

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4 years ago

Legazint, a law firm, organizes its staff into departments based on the type of clients the department deals with. These departm

Ksenya-84 [330]

Legazint most likely follows <u>b. a customer-based division</u>.

<u>Explanation:</u>

The customer-based division is generally followed in an organization to split the functional areas based on the customer demand. This is mainly followed due to increase in production and sales. The working departments are classified into separate categories.

In the above scenario, customer-based division is followed in the law firm. This was done for the facilitation of the clients. The staffs are organized into separate departments based on the client demands. The common departments are federally incorporated organizations, partnerships, corporations, sole proprietorship and limited liability companies.

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3 years ago

On January 1, Year 1, Manning Company granted 97,000 stock options to certain executives. The options are exercisable no sooner

umka21 [38]

Answer:

$77,600

Explanation:

Total value of compensation expenses:

= No. of options granted × Fair of value options

= 97,000 × $4

= $388,000

Compensation expenses should be recognized per year:

= Total value of compensation expenses ÷ Excercisable time

= $388,000 ÷ 3

= $129,333.33

Expenses recognized in year 1 = $129,333.33

Due to unexpected turnover 20% of the options are forfeited,

Annual compensation = $388,000 × 80%

= $310,400

Annual compensation in year 2:

= Accumulated compensation expenses in year 2 - Expenses recognized in year 1

= [$310,400 × (2/3)] - $129,333.33

= $206,933.33 - $129,333.33

= $77,600

4 0

3 years ago

Oriole Company sells three different categories of tools (small, medium and large). The cost and market value of its inventory o

Vladimir79 [104]

Answer:

$440,140

Explanation:

According to the accounting principle, the inventory should be valued at lower of cost or market value. The calculation is shown below:

Cost Market Lower value

Small $68,650 $56,490 $56,490

Medium $283,710 $237,140 $237,140

Large $146,510 $177,300 $146,510

Total $440,140

Hence, the ending inventory would be valued at $440,140

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3 years ago

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is

Gnesinka [82]

Answer:

A. C corporation.

Explanation:

In the case of c corporation, it does not permit for setting off the business or entity loss that opposed to the income held from the other sources

so in the given scase, the c corporation does not permit for offsetting the losses

And, rest of the options should be permitted for the same

therefore the option a is correct

6 0

3 years ago

State fully the need for, and the uses of, a postal remittances book.​

State fully the need for, and the uses of, a postal remittances book.