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Lorico [155]
1 year ago
12

Fizzy Corporation uses the equity method to account for its 25% investment in Organic Juices Company, for which it paid $10 mill

ion in excess of its share of Organic Juices' book value five years ago. In 2020 Organic Juices reports net income of $2 million, and Fizzy reports equity in net income from Organic Juices on its 2020 income statement in the amount of $500,000. We can determine from this information that Fizzy attributed the $10 million extra it paid for Organic Juices to any of the following except:
Business
1 answer:
Rasek [7]1 year ago
5 0

Answer:

a. Favorable leaseholds with an 8-year life

Options:

b. Technology rights with a 3-year life

c. Bottler franchise rights with indefinite life

d. Goodwill

Explanation:

We should notice the income recognize is the 25% of the company's income thus, there is no depreciation nor amortization.

a. Favorable leaseholds with an 8-year life

A favorable leaseholds because the market rate changes when performing the acquisition of the 25% would make for this but, will be amortized over an 8 years spawn <em>Hence is guaranteed to not the cause of the 10,000,000 extra as it should decrease the income of 500,000 which is not what happened.</em>

b.- and intangible which isn't recognize in the company's firm can also generate this difference and be eliminate after 3-years thus is a viable option

c.- the franchise right will still be there but, the valuation of them can change. The franchise while it is indefinite It can lose their market value (imagine a franchise of candels after electricity is invented) Thus, it could be or not.

d.- The goodwill could be checked for imparment and eliminated before the 5 years period or not require a journal entry that year.

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When considering the gothic tradition in literary production alone, when does it emerge most predominantly?
stira [4]

Answer:

During the 18th century or during the Romantic period.

Explanation:

While the concept of Gothic elements began as early as the 4th century, the literary impact was seen only from the 18th century, during the Romantic period. While the earlier and initial influences were mainly in the architecture and art forms, literary production on this tradition came after more than a decade of its inception.

The Romantics was a period of imaginative and emotional influences into literary works. Writers of this period focus on the individual's emotions and feelings, And in this period of influence, the themes of Romanticism but in a darker way began to be explored, leading to the Gothic literary genre.

Thus, the <u>gothic tradition in literary production alone emerges most predominantly during the 18th century or the Romantic period.</u>

3 0
1 year ago
Many manufacturers have quality control programs that include inspection of incoming materials for defects. Suppose a computer m
zimovet [89]

Answer:

Explanation:

There are total 5 batches and two boards are selected from each batch for inspection.

Let the boards are numbered from 1 to 5.

If the selected boards are 1 and 2, then it is represented in pair as (1, 2).

If the selected boards are 1 and 3, then it is represented in pair as (1, 3).

Similarly, other pairs can be obtained.

a) Let X be the number of defective boards observed among the two inspected.

If the boards 1 and 2 are the only defective boards in a lot of five, then

(1,2),x=2; (1,3),x=1; (1,4),x=1; (1,5),x=1;

(2,3),x=1; (2,4),x=1; (2,5),x=1;

(3,4),x=0;\ (3,5),x=0;\ (4,5),x=0.(3,4),x=0; (3,5),x=0; (4,5),x=0.

P(X=0)=  3/10 =0.3

P(X=1)={6 \over 10}=0.6P(X=1)=  6/10 =0.6

P(X=2)={1 \over 10}=0.1P(X=2)=  1/10 =0.1

b)

x                  0               1                    2

p(x)            0.3           0.6                0.1

​

​μ  X  =0⋅0.3+1⋅0.6+2⋅0.1=0.8

σ  X ² =(0−0.8)²  ⋅0.3+(1−0.8)²  ⋅0.6+(2−0.8)² ⋅0.1=0.36

μₓ=0.8, σX  =0.6

 

​

5 0
1 year ago
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost
Nonamiya [84]

Answer:

Explanation:

Compute its current ratio, inventory turnover, and day's sales in inventory for 2015 using:

A. LIFO Numbers 2015

Current Ratio: current asset/current liability = 390/175 = 2.23

Inventory turnover = Cost of goods sold/ average inventory= 965/(400/12) = 965/33.33 = 29.0

Day's sales in inventory = Ending Inventory/Cost of goods sold* 365 = 330/910*365 = 132.36

B. FIFO numbers in 2015

Current Ratio: current asset/current liability = 390/175 = 2.23

Inventory turnover = Cost of goods sold/ average inventory= 965/(400/12) = 965/33.33= 29.0

Day's sales in inventory = Ending Inventory/Cost of goods sold* 365 = 400/965*365 = 151.3

8 0
1 year ago
Decker's is an all-equity financed chain of retail furniture stores. Furniture Fashions produces furniture and is the primary su
Vinil7 [7]

Answer:

13.968%

Explanation:

Discount is defined as a deduction from the selling price of a product, and it is used as a way to attract more customers by using price advantage compared to competitors.

The following formula can be used to calculate discount

Discount rate = Rate of return + Competitor's beta (market risk premium)

Discount rate = 0.031 + 1.43(0.076)

Discount rate= 0.13968= 13.968%

5 0
1 year ago
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Greg Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin
strojnjashka [21]

Answer:

democratic/participative

Explanation:

Democratic leadership is also called participative leadership. In this type of leadership the supreme leader involves group member in decision making process. This foster participation, exchange of ideas which generates collective intelligence. it helps in not only making better decision making but also generates employee satisfaction by generating feeling of sense of belongingness.

4 0
2 years ago
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