answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet [91]
2 years ago
8

On January 1, 20X5, Playa Company acquires 90 percent ownership in Seaside Corporation for $180,000. The fair value of the nonco

ntrolling interest at that time is determined to be $20,000. Seaside reports net assets with a book value of $200,000 and fair value of $200,000. Playa Company reports net assets with a book value of $480,000 and a fair value of $525,000 at that time, excluding its investment in Seaside. What will be the amount of consolidated net assets that would be reported immediately after the combination?
Business
1 answer:
meriva2 years ago
8 0

Answer:

$680,000

Explanation:

Since Playa Company owns 90% of Seaside Corporation, it is considered Seaside's parent company and it must include all of Seaside's assets when it presents its consolidated balance sheet.

Total net assets reported = $480,000 (Playa's net assets at book value) + $200,000 (Seaside's net assets) = $680,000

You might be interested in
The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given i
lubasha [3.4K]

Question (in proper order)

The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given in minutes per dog, and when there are two or more employees they can process two or more dogs simultaneously.

Process step                             Time(min./dog)                     Who

Verify customer information    5                           Front desk (2 employees)

Crate the dog                           2                           Front desk  (2 employees)

Wash and dry the dog            20                          Washers (3 employees)

Nails and teeth                        13                           Nail/teeth specialists (2)

Grooming                                 25                         Groomers (4 employees)

Call customer for pick-up       5                            Front desk (2 employees)

Assuming that demand and supply exceed capacity, what is the maximum flow rate (in dogs per hour) for this process?

a. 9.2

b. 9.6

c. 10

d. None of the above

Answer:

d. None of the above

Explanation:

average time taken to:

1. verify customer info = 5mins/2 employees = 2.5mins/dog

2. crate the dog = 2min/2 employees = 1 mins/dog

3. wash and dry the dog = 20 mins/3 employees = 6.67min/dog

4. work on nails and teeth = 13 mins/ 2 employees = 6.5 min/dog

5. groom the dog = 25 mins / 4 employees = 6.25min/dog

6. call customer for pick-up = 5 mins/ 2 employees = 2.5 mins/dog

The most time is spent to wash and dry dogs (6.67 mins)

it is therefore one bottleneck

for this process a dog is processed in 6.67 mins

one hour = 60 mins

⇒ (60/6.67) dogs will be processed in an hour

that is, 9 dogs (approx)

hence, none of the above is the right option

3 0
2 years ago
What is the maximum period of time that a personal services contract for temporary consultant services may be awarded?
Kisachek [45]

Answer: 1 year

Explanation: According to the Defence Federal Acquisition Regulation under 237.106, personal service contracts that apply to consulting or expert services will be limited to one year. However this will only apply to duties that are temporary (limited to 1 year, or 12 months), or non cumulative days (needs to be 130 days or more that are broken up within a year). During this time the officer contracting the service will enter into a contract, make an order, or exercise options for various services that do not exceed 1 year.

6 0
2 years ago
The cash account of Grande Home Improvement Store shows the following:
melomori [17]

Answer:

a debt of $  27,000 is left in the cash account = -27,000

Explanation:

because when you add all the nos the debts become <em>negative numbers </em>

and when we add them we get a debt of  27,000 which is equal to -27,000

3 0
2 years ago
Aaron Beam voluntarily came forward when he heard of the HealthSouth fraud on evening news.
Nimfa-mama [501]
Aaron Beam was caught in Richard <span>Scrushy's scheme where Scrushy played the stocks and made false reports about their company. In truth, they already had been having a bad outcome. At first, they made a steady increase with their hospital services but changed to some drop rates in the stock market that Scrushy wanted to conceal. Aaron Beam made the move to tell and report the situation to authorities.</span>
7 0
2 years ago
Jasmine and her husband, Arty, have been married for 25 years. In May of this year, the couple divorced. During the year, Jasmin
Zinaida [17]

Answer:

Single

Explanation:

Under United States federal income tax law, filing status determines which tax return form an individual will use and is an important factor in computing taxable income.

There are five possible filing status categories:

single individual,

married person filing jointly or surviving spouse,

married person filing separately,

head of household and a qualifying widow(er) with dependent children.

Dexter does not qualify as Jasmine's dependent due to his age and his income so Jasmine must file Single for the year.

7 0
2 years ago
Other questions:
  • Agro corp., based in the country of arahonia, is a company that produces agricultural products. the domestic market of arahonia
    5·1 answer
  • Gerome is the human resource manager at his company. He is systematically studying positions to determine their various elements
    13·1 answer
  • (Ignore income taxes in this problem.) Ataxia Fitness Center is considering an investment in some additional weight training equ
    15·1 answer
  • What is a pestle analysis for an escape room
    10·1 answer
  • Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,
    10·1 answer
  • Hokey​ Min's Kleen Karpet cleaned 85 rugs in​ October, consuming the following​ resources: ​Labor: 520 hours at ​$17 per hour ​S
    14·1 answer
  • You are evaluating the purchase of Cellars, Inc. common stock that just paid a dividend of $1.80. You expect the dividend to gro
    11·1 answer
  • Chauncey Corporation began business on June 30, 2016. At that time, it issued 20,000 shares of $50 par value, six percent, cumul
    7·1 answer
  • Faraday Enterprises is a publicly traded company. It currently has 10 million shares trading at $12/share and $150 million in bo
    14·2 answers
  • Alpha Industries is considering a project with an initial cost of $8.5 million. The project will produce cash inflows of $1.51 m
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!