Answer:
Formula field with a return type of currency.
Explanation:
Answer:
Journal Entries
Dr. Investment in Lopez Railways Inc. $600,000
Cr. Cash $600,000
Dr. Investment in Lopez Railways Inc $59,600
Cr. Income of Investment in Lopez Railways Inc $59,600
Dr. Cash $10,800
Cr. Investment in Lopez Railways Inc $10,800
Explanation:
As Windsor Locomotive Corporation has purchased 40% interest in Lopez Railway Inc.Lopez Inc. is classified as the associate company of Windsor Corp.
Share in net Income = $149,000 x 40% = $59,600
Share In Dividend = $27,000 x 40% = $10,800
Answer: 3.39
Explanation: Current ratio can be defined as a liquidity ratio which is used by the accountants the evaluate the ability of the company to pay its short term obligations. It can be computed as follows :-
where,
current assets = $38,500 + $100,000 + $90,500 + $126,000 + $13,100 = $368,100
current liabilities = $108,400
now putting the values into equation we get :-
= 3.39
Answer:
y=.65x
Explanation:
this is for if its a x/y statement in which the value of y is 65% of the amount he earns in total which is the amount he saves total so that would be .65 of x
Answer:
The above statement is true .
Explanation:
It is true , when a company take decision to move its operations out of the country it will affect its employees , owners , suppliers , distributors , even its customers .
It is because, when company move out , the employees working in it loss their jobs . They become jobless. The suppliers loss their customer. The distributor also loss their customer. The customer may like the product of the company and if the company moves out then they do not get their product which they like. The owner may also suffer loss,as its possible that the product do not gain popularity anywhere else . The company may loss its share. It also effect the economy , as a good earning company always serves to a country .
