On December 1, 200X, Betaco agreed to be acquired 100% by Alphaco at a cost equal to Betaco's book value. The combination was initiated at that time, and the closing date for the acquisition was December 31, 200X. Both firms have December 31 fiscal year-ends. There were no other transactions between the firms during 200X or 200Y. Each firm had the following net incomes for the periods shown:
Which one of the following is the consolidated net income that Alphaco should recognize for 200X?
Group of answer choices
$24,000
$29,000
$30,000
$25,000
Answers
The consolidated net income that Alphaco should recognize for 200X is $30,000 (choice D).
To decide the solidified net salary that Alphaco ought to recognize for 200X after obtaining Betaco, we have to include the net salaries of both companies for significant periods.
For Alphaco:
- Net pay from January 1, 200X, to November 30, 200X:
$20,000
- Net wage from December 1, 200X, to December 31, 200X:
$4,000
For Betaco:
- Net pay from January 1, 200X, to November 30, 200X:
$5,000
- Net wage from December 1, 200X, to December 31, 200X:
$1,000
Presently, let's calculate the solidified net pay:
The solidified net wage for 200X = Alphaco's net wage + Betaco's net pay
Solidified net salary for 200X = ($20,000 + $4,000) + ($5,000 + $1,000)
Solidified net salary for 200X = $24,000 + $6,000
Solidified net pay for 200X = $30,000
Hence, the solidified net pay that Alphaco ought to recognize for 200X is $30,000 (choice D).
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Related Questions
during the year, public college received the following: an unrestricted $50,000 pledge to be paid the following year. a $25,000 cash gift restricted for scholarships. a notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. what amount of contribution revenue should public college report in its statement of activities? a. $75,000 b. $35,000 c. $25,000 d. $85,000
Answers
The amount of contribution revenue that public college should report in its statement of activities is $35,000.
A contribution is recognized as revenue in the financial statements when all the following conditions are met:
The donor has made a promise to give.
The college has received the cash or other assets.
The college has the unconditional right to use the donated assets.
The college has no obligation to provide goods or services in exchange for the donation.
In this case, the unrestricted $50,000 pledge and the $25,000 cash gift are both unconditional promises to give and meet the conditions for recognition as contribution revenue. The $10,000 bequest from a recent graduate is not recognized as contribution revenue until the graduate passes away and the college receives the funds. Therefore, the total contribution revenue that should be reported in the statement of activities is $50,000 + $25,000 = $75,000.
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Financial Accounting Question
Question 8
On 1 April 1987 FRY Ltd. purchased 10 000 ordinary shares of R1 each in TLS
Ltd. at a cost of R20 500.
On 1 September 1987 TLS declared and paid a dividend of 15 cents per share
for the year ended 30 June 1987.
On 1 November 1987 TLS gave its members the right to subscribe for 1
ordinary share of R1 for every eight held on 1 November 1987 at a price of
150 cents per share.
On 15 November 1987 FRY purchased for 40 cents per share the rights of
another shareholder in TLS to subscribe for 750 shares under the rights issue.
On 30 November 1987 FRY applied and paid for all the shares in TLS to which
it was entitled.
On 8 September 1988 TLS declared and paid a dividend of 15 cents per share
for the year ended 30 June 1988 on all the shares, including those issued in
1987.
On 1 October 1988 FRY sold 4 500 ordinary shares in TLS for R9 875.
The accounting year of FRY ends on 31 December.
FRY does not make apportionments of dividends received or receivable.
When part of a holding of shares is sold, it is the practice of FRY to calculate
the cost of the shares sold as an appropriate part of the average cost of all
shares held at the date of sale.
Required:
You are required to show the investment account in the books of FRY for the
two years ending 31 December 1987 and 31 December 1988, bringing down
the balance at the end of each year. (20)
Answers
Average cost is calculated as R2.05
Investment account for FRY Ltd. for the two years ending 31 December 1987 and 1988 is given below:
The average cost method is used by FRY to calculate the cost of shares sold. The dividend is not apportioned in FRY. When shares are sold, the average cost of all the shares held at the date of sale is calculated, and the cost of shares sold is calculated accordingly.
Calculation of the average cost of shares:From the table above, we can see that the total cost of 10,000 shares of TLS is R20,500. Therefore, the average cost per share is calculated as:
Average cost = Total cost / Number of shares= R20,500 / 10,000
= R2.05
Investment account for 31 December 1987:
Investment account for 31 December 1988:
Therefore, the investment account in the books of FRY for the two years ending 31 December 1987 and 31 December 1988, bringing down the balance at the end of each year is given above.
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Suppose you purchased 70 shares of Unix Stock on Day 1 at the closing price. What is the return on your investment, if you sold on Day 5 at at the closing price?
19.31%
4.94%
37.03%
20.53%
Answers
Answer: 19.31%
Explanation:
A customer is looking at a Canyon Meadow jacket, made by Columbia Sportswear Company. Write two questions to determine the customer’s previous experience with the Columbia Sportswear Company (manufacturer of the Canyon Meadow jacket) and its products.
Answers
Answer:
a- have you ever run out of products before?
b- are you replacing your old one for a new one?
Explanation:
Select the correct answer.
Which equation is the correct fundamental accounting equation?
OA owner's equity = liabilities -assets
OB.
assets liabilities - owner's equity
=
OC. assets = liabilities + owner's equity
O D.
assets + liabilities = owner's equity
Answers
Answer:
Assets=liabilities+owner's equity
When people get satisfaction from charitable giving, they are ______.
Answers
When people give because they get satisfaction from doing so, they are said to be acting out of rational self-interest.
What does it mean to act out of rational self-interest?It means that your decisions are based on catering for what gives you satisfaction. Explains why people engage in certain behaviors.Certain behaviors give people satisfaction and this theory explains that this prompts them to engage in such behavior. Those who gain satisfaction from being charitable are abiding by this theory as they only give because it makes them satisfied.
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How will you be able to become the cost leader of the market in which you deal?
A.
by focusing on customer loyalty
B.
by analyzing your competitive advantage and identifying which strategy works best for your business
C.
by concentrating on serving a particular segment of customers better
D.
by producing a product that has a higher perceived value to the customers when compared to the already existing products
E.
by producing your goods at the lowest price in the market
Answers
Answer:
well it would be A i think
Explanation:
Answer:
E. by producing your good at the lowest price in the market
Explanation:
Plato
3. What's considered a retail service?
A. Car engine repair
B. Car wash
C. New car
D. New car tires
Answers
The correct option is D. New car tires.
New-car tires are considered a retail service.
What are examples of retail?Retail businesses sell items or services to customers for their consumption, use, or pleasure. They typically sell items and services in-store but some items may be sold online or over the phone and then shipped to the customer. Examples of retail businesses include clothing, drug, grocery, and convenience stores.
What is retail customer service?Retail customer service is like any other customer service: it's the act of providing customers with assistance, answering their questions and helping them solve problems. However, there are some factors specific to this industry that make it important to learn and hone retail customer service skills.
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Under current GAAP, inflation is ignored in accounting due to the
A.going concern assumption.
B.economic entity assumption.
C.periodicity assumption.
D.monetary unit assumption.
Answers
Option D. Monetary unit assumption is Correct. The monetary unit assumption is one of the fundamental accounting assumptions underlying Generally Accepted Accounting Principles (GAAP).
It states that financial statements should be expressed in a single currency and that the monetary unit assumption should be made for the purpose of measuring financial transactions and reporting financial condition and performance.
Inflation is not ignored in accounting under current GAAP. Inflation can have a significant impact on a company's financial statements and can be reflected in the financial statements through the use of an inflation adjustment or index. For example, a company may adjust the prices of its goods or services to reflect current market prices, or it may adjust the amounts of cash and other assets and liabilities to reflect the impact of inflation on their purchasing power.
The going concern assumption, economic entity assumption, and periodicity assumption are all important accounting assumptions that guide the preparation and presentation of financial statements.
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what is multi mirror function in shopping malls and shop
Answers
Big shoppin stores are inside a large complex and it is not possible to have so many employees to look over each and every counter in the complex individually . So owners have to find something by which they could look over a large place at once and in this way the mampower required would also be less. So, to attain this need ,they use convex mirrors to watch the activities of the customers . Convex mirror is used as it has a large field of view , hence it allow the shopkeeper to track all the activities inside the store at once and for all.
please make me brainlist
What are the 3 tiers of the NIST risk management framework?
Answers
Tier 1: Administrative level.
Level 2: the mission/business process.
Level of information systems, or Tier 3.
Which NIST tiers are there?Partially complete.
Tier 2: Risk-Aware.
Level 3: Resettable.
4th Tier: Adaptive.
What are the NIST framework's three essential elements?The Core, Implementation Tiers, and Profiles make up the Cybersecurity Framework's three primary parts. The Framework Core presents a list of required cybersecurity actions and results in plain language that is simple to comprehend.
NIST Risk Management Framework: What Is It?The NIST Risk Management Framework (RMF) offers a flexible, comprehensive, and repeatable seven-step process to manage security and privacy risk and links to a number of NIST standards and recommendations to support the implementation of risk management programs to satisfy the demands of the Federal Information Security Modernization.
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after successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of cornwall enterprises. unfortunately, you will be the only person voting for you. if the company has 440,000 shares outstanding, and the stock currently sells for $53, how much will it cost you to buy a seat if the company uses straight voting
Answers
If the corporation employs straight voting, the price to purchase a seat will be 4664053.00.
Straight voting, also referred to as statutory voting, is a type of corporate voting that can be used to choose directors or cast votes on significant issues (e.g., voting on auditors, mergers and acquisitions opportunities, etc.). Each share typically has one vote per director position when choosing a new director.
=shares required*share cost
=((440000/2)+1)*53
=11660053.00
2)
Needed share percentage equals 1/(4+1)=20%
What is the price of a seat if the corporation employs cumulative voting?
=shares required*share cost
=((440000*20%)+1)*53
=4664053.00
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Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answers
Answer:
thanks lol
you too-
The variance of a series of numbers is the sum of the squares of their differences from the mean (average) of the numbers divided by the number of items in the series. Variance is a common measure of risk. What is the variance of these investment returns? 10, 30, 20
Answers
Answer: 66.67
Explanation:
Numbers given = 10, 30, 20
Mean = (10 + 30 + 20) / 3
= 60/3
= 20
Then, the differences from the mean will be:
= (10 - 20), (30 - 20), (20 - 20)
= -10, 10, 0
We then calculate the square of the mean which will be:
= 100, 100, 0
We then add the square of the mean which will be:
= 100 + 100 + 0
= 200
The variance will then be:
= 200/3
= 66.67
Answer: 66.7
Explanation:
in a market system, well-defined property rights are important because they:
Answers
In a market system, well-defined property rights are important because they enable individuals to own and exchange property.
Property rights are important in a market system because it gives individuals the right to own, use, and exchange property. Property rights may include physical and intellectual property such as patents, copyrights, and trademarks. Property rights allow owners to exercise control over their property, which encourages investment and innovation in the economy.
Well-defined property rights also allow individuals to negotiate and form contracts regarding their property with other parties. This facilitates market transactions and promotes economic efficiency. In summary, property rights allow individuals to own and exchange property and, in turn, this encourages investment, innovation, and market transactions that promote economic efficiency.
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the metaphor the textbook choose to describe the relationship between organizational culture and project management is that of a riverboat trip. culture
Answers
Culture is the river and the project is the boat in the textbook describing the organizational culture and project management.
What is organizational culture and how does it affect project management?The attitudes, values, beliefs, and behaviors of an organization's workplaces where the culture is not supportive of it, project personnel, as well as its underlying presumptions, make up its culture. In management can occasionally be seen as an additional burden and disturbance to routine work.
In the absence of an effective project management office (PMO) and consistent organizational culture and practices across projects, project operations will differ from one project to the next as well as from one department to the next. The project culture of an organization largely impacts whether the projects it works on are successful or unsuccessful.
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Evelyn has $727.29 in her checking account. she must maintain a $500 balance to avoid a fee. she wrote a check for $248.50 today. write and solve an inequality that would be used for the least amount of money she needs to deposit to avoid a fee.
Answers
Inequality is
727.29-248.50+x>500
x=how much she needs to deposit
478.79+x>500
subtract 478.79 from both sides
x>21.21
She need deposit $21.21.
A deposit is cash you put into your financial institution account. You must deposit cash in a bank to create financial savings and earn interest on it. A call for deposit is made for budget you can withdraw whenever. A time deposit is an extended-time period investment. A deposit may also be the collateral amount you pay while you're taking on a loan.
A deposit is a amount of money that's a part of the overall price of something, and which you pay while you agree to shop for it.
traditionally, there are four varieties of bank deposits in India, which can be - modern Account, routine Deposits, savings accounts, and stuck Deposit bills. every type has its advantages.
within this class, there are three principal forms of demand deposits: (1) checking debts, (2) financial savings debts, and (three) cash marketplace money owed (we will go into these in greater element later). Time deposits: on every occasion a bank deposit comes with a hard and fast charge and time period, it's considered a time deposit.
A deposit is a amount of money that you pay while you e book a room at a resort or visitor residence. the amount is taken off your final bill while you leave. most motel owners ask for a deposit to verify a reservation.
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Answer:
Inequality is
727.29-248.50+x>500
x=how much she needs to deposit
478.79+x>500
subtract 478.79 from both sides
x>21.21
She need deposit $21.21.
Explanation:
Southern Rim Parts estimates its manufacturing overhead to be $396,000 and its direct labor costs to be $990,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $58,000 for Job 301, $83,000 for Job 302, and $140,000 for Job 303. For the year, actual manufacturing overhead was $434,000 and total direct labor cost was $841,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates. Overhead applied in each of the inventory accounts is as follows: Work-in-process inventory $ 33,640 Finished goods inventory 84,100 Cost of goods sold 218,660 Required: Prepare an entry to prorate the under- or overapplied overhead. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
Answer:
Southern Rim Parts
Journal Entry:
Account Title Debit Credit
Work-in-process inventory $9,760
Finished goods inventory 24,400
Cost of goods sold 63,440
Manufacturing overhead $97,600
To record the prorated under-applied overhead cost.
Explanation:
a) Data and Calculations:
Estimated manufacturing overhead = $396,000
Estimated direct labor costs = $990,000
Actual manufacturing overhead = $434,000
Actual direct labor costs = $841,000
Predetermined overhead rate = estimated overhead/estimated direct labor costs = $396,000/$990,000 = $0.40 per DL
Applied overhead:
Work-in-process inventory $ 33,640
Finished goods inventory 84,100
Cost of goods sold 218,660
Total overhead applied = $336,400
Underapplied overhead = $97,600 ($434,000 - $336,400)
Prorating the underapplied overhead to:
Work-in-process inventory $33,640/$336,400 * $97,600 = $9,760
Finished goods inventory 84,100/$336,400 * $97,600 = $24,400
Cost of goods sold 218,660/$336,400 * $97,600 = $63,440
Total underapplied overhead = $97,600
a motivational speach before final exams
Answers
Explanation:
Honestly, you got this! Don't stress yourself too much! You are capable of AMAZING things! I am positive you will do great on this exam! Never stop working hard, but don't forget to reward yourself! You can do anything you set your mind to!
I don't know if this helped but GOOD LUCK!!
Freight Transport Company is subject to a decision by the National Labor Relations Board. Freight Transport appeals the decision, arguing that it is arbitrary and capricious. This could mean that the decision
Answers
Freight Transport Company is subject to a decision by the National Labor Relations Board. Freight Transport appeals the decision, arguing that it is arbitrary and capricious. This could mean that the decision is not true.
Why did Freight Transport appeals the decision?The transport company appeal the decision of National labour because the decision is not right.
This could be based on false evidence or the judgement may not be in alignment with the evidence that was presented.
Therefore, Freight Transport Company is subject to a decision by the National Labor Relations Board. Freight Transport appeals the decision, arguing that it is arbitrary and capricious. This could mean that the decision is not true.
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why do you believe that the instructions asked you to research data on the employment per 1,000 jobs? what is the significance of this?
Answers
I believe that the instructions asked me to research data on the employment per 1,000 jobs because it is a useful metric for comparing employment levels across different regions or industries. I think that the significance of employment per 1,000 jobs lies in its ability to provide a more nuanced and accurate picture of employment trends and patterns than raw employment figures alone.
By measuring employment per 1,000 jobs, we can get a better sense of how many people are employed in a particular sector or region relative to the size of the workforce.
This can be especially useful for understanding trends in industries that are heavily concentrated in certain regions, or for tracking changes in employment levels over time.
Additionally, employment per 1,000 jobs can help us to identify areas of the economy that may be underperforming or overperforming relative to their size or potential.
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You are a potential stockholder and are concerned that a particular company you are ready to invest in, might have too much debt. which financial statement would provide you with the information needed to evaluate your concern?
Answers
You are a potential stockholder and are worried that a particular company you want to invest in has a large amount of debt. The financial statement that provides the information necessary to assess concerns is the balance sheet.
What are balance sheets?A balance sheet is a summary of a company's assets, liabilities and equity at a particular point in time. It is one of the basic documents that make up a company's financial statements. There are three types of balance sheets: Comparative balance sheet. Vertical balance sheet and Horizontal balance sheet.
Why use a balance sheet?A balance sheet provides a snapshot of a company's financial position at a particular point in time. In addition to income and cash flow statements, the balance sheet helps business owners assess the financial health of their company. A balance sheet report on the organization's assets (what it owns) and liabilities (what it owes).
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Excited to buy her dream car, Molly rushes into her local Volkswagen dealership. Molly picks out a
car, sits down at the financing desk, and hears the following:
"Well, we ran your credit history. You've got a really thin file -- just a year's worth of student
loan payments. The deal you saw was for 'well qualified buyers. The best deal we can offer
you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on
credit history, so you don't qualify for $500. That said, you're excited about a Volkswagen,
and I want to see you driving one, so I can do $400 for you!"
9. Molly still has a $2500 down payment. How much loan does Molly need?
10. How much will Molly's monthly payment be using the Bankrate calculator?
11. How much total interest will molly pay using this plan?
12. How many is the total cost of her car after all together?
Answers
9. The amount of loan that Molly needs with a $2,500 down payment is $22,100.
10. Molly's monthly payment is $433.
11. The total interest Molly will pay under this plan is $3,907.
12. The total cost of Molly's car is $28,507.
Loan Amount:Required cash allowance = $500
Qualified cash allowance = $400
Down payment = $2,500 (typically 10% of value)
Total price of car = $25,000 ($2,500/10%)
Loan required = $22,100 ($25,000 - $2,500 - $400)
Interest and Periodic Payment:N (# of periods) = 60 months
I/Y (Interest per year) = 6.6%
PV (Present Value) = $22,100
FV (Future Value) = $0
Results:
PMT = $433.45
Sum of all periodic payments = $26,007
Total Interest = $3,907
Total Cost of the car to Molly:Down payment = $2,500
Total periodic payments = $26,007
Total cost = $28,507 ($26,007 + $2,500)
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Creating graphs to reach equilibrium
Answers
On a graph, the point the place the grant curve (S) and the demand curve (D) intersect is the equilibrium.
How do you draw a demand and supply curve at equilibrium?Put the quantity of the top you are requested to analyze on the horizontal axis and its charge on the vertical axis. Draw a downward-sloping line for demand and an upward-sloping line for supply. The preliminary equilibrium charge is determined with the aid of the intersection of the two curves. Label the equilibrium solution.
The equilibrium curve of a given shape represents, to some extent, its behavior. This curve is developed in an (n + 1) dimensional house if the device is of finite dimensions; otherwise, for continuum structures (such as beams, plates, shells, and deformable our bodies in general), the corresponding area is infinite.
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https://brainly.com/question/14297698#SPJ9With reference to above statement,how would sustainable consumption and production impact the society?
Answers
https://sustainabledevelopment.un.org/topics/sustainableconsumptionandproduction/decisions
• What makes a goal a strong goal? Why would you want to be concerned about setting strong goals?
Answers
A strong goal is one that is specific, measurable, achievable, relevant, and time-bound. Specific goals are clear and unambiguous, while measurable goals are quantifiable, allowing progress to be tracked.
Achievable goals are realistic and within reach, while relevant goals are aligned with personal or organizational priorities. Finally, time-bound goals have a deadline or timeline attached to them, which creates a sense of urgency and accountability.
Setting strong goals is important because it helps individuals or organizations to focus their efforts and resources towards a specific objective. Strong goals also provide clarity and direction, allowing for better decision-making and prioritization. In addition, strong goals can increase motivation and commitment, as they provide a clear sense of purpose and progress.
Without strong goals, individuals or organizations may find themselves aimlessly pursuing activities that do not contribute to their overall success or growth. Strong goals provide a framework for progress and success, and can ultimately lead to more meaningful and fulfilling outcomes.
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Which of the following factors may contribute to low voting participation rates in Texas?
-income
-education
-low levels of knowledge about political candidates
Answers
All of the factors listed - income, education, and low levels of knowledge about political candidates - can contribute to low voting participation rates in Texas.
Here's how each factor can play a role: Income: Lower-income individuals may face financial constraints that limit their ability to take time off work, find transportation to polling stations, or engage in political activities. Economic disparities can create barriers to participation, as individuals may prioritize meeting their basic needs over participating in the electoral process.
Education: Higher levels of education are often associated with increased political awareness, engagement, and understanding. Individuals with lower levels of education may have less exposure to political information, making them less likely to participate in elections due to limited knowledge or interest in the political system.
Low levels of knowledge about political candidates: When voters have limited information about political candidates, they may feel less motivated or confident in their choices. Lack of awareness about candidates' platforms, qualifications, and policy positions can lead to voter apathy and lower turnout rates.
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NEED HELP ASAP
(Regarding the image attached)
1.) what is the issue discussed in the visual media item
2.) what is the creators viewpoint on the issue? What details in the resource support the creators claim? Provide evidence from the item to support your response.
3.) does this viewpoint reflect a commitment to free trade or to protectionism? Explain your answer and include evidence from the item to support your response.
4.) do you agree with the viewpoint of the item? Why or why not?
Answers
1.) The creator wants to show that free trade agreements involve harm to potential users to benefit the traders. 2.) Creator wants to show free traders as super fat (rich) cooks harming younger generations for profit.
What is free trade?Free trade can compel regional industries to up their game and rely less on government support. They have the power to attract new investments, expand markets, and boost GDP. FTAs can expose a nation to issues with local employment, the degradation of natural resources, and the loss of traditional livelihoods.
The first cost has to do with potential industry adjustment costs. The second is the potential for higher transaction costs as more varieties are available.
Government policies that impede international trade in order to support domestic industries are referred to as protectionism. However, they can also be implemented due to safety or quality concerns. Protectionist policies are typically implemented to increase economic activity within a domestic economy.
By enforcing tariffs or other trade restrictions, a protectionist trade policy enables the government of a nation to support domestic producers and thereby increase domestic production of goods and services.
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How to make poultry farm?
Answers
Answer:
How to make a poultry farmExplanation:
Steps:Choose the type of poultry bird to rearSelect a suitable farm location or siteProvide good housing/shelter for the birdsFeeding and medication of the poultry birdsMarketing and sales of the poultry birds Necessary poultry equipmentsFeederWater potLaying nestsHeater/incubatorFencingEgg handling nestswhich component of corporate social responsibility is based on the idea that a company has integrity and the will to do what is right and fair?
Answers
The premise behind ethical responsibility, which is a part of corporate social responsibility, is that a corporation has integrity and the commitment to uphold moral principles.
What is the fundamental tenet of corporate social responsibility?The concept of corporate social responsibility (CSR) holds that firms have an obligation to take into account not just the financial but also the social and environmental impacts of their decisions.
In terms of ethics, what does corporate social responsibility mean?moral and human rights-based social responsibility. A company's commitment to conducting business in a morally and ethically responsible manner that upholds the principles of human rights, such as treating all stakeholders fairly, engaging in fair trade, and paying employees equally, is known as having "ethical responsibility."
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