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vladimir2022 [97]
2 years ago
15

Baker Company owns 15% of the common stock of Charlie Corporation and used the fair-value method to account for this investment.

Charlie reported net income of $120,000 for 2021 and paid dividends of $70,000 on October 1, 2021. How much income should Baker recognize on this investment in 2021
Business
1 answer:
solniwko [45]2 years ago
3 0

Answer:

the income that recognized on this investment is $10,500

Explanation:

The computation of the income recognized on this investment for the year 2021 is shown below"

= dividend × share of ownership

while

The dividend is $70,000

And, the share of ownership is 15%

Now place these values to the above formula

= $70,000 × 15%

= $10,500

hence, the income that recognized on this investment is $10,500

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Answer:

e. accessory equipment

Explanation:

Accessory equipment are the goods and services that are used by firms and organizations to complete their daily operation. They consist of products and services which are used in the production processes. Likewise, they are considered import which makes them expensive compared to other capital goods. These goods can easily be replaced without affecting the whole process.

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Great Skot expects to have cash receipts in June of $532,160. Skot’s cash disbursements in June are $581,720, including an inter
Y_Kistochka [10]

Answer:

a.$37,560

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Cash balance $40,000 at month end =  Cash balance $52,000 at beginning + cash receipts in June of $532,160 - cash disbursements of $581,720 +  New borrowing

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If Skot wishes to maintain a cash balance of $40,000, Skot have to borrow $37,560 if it started the month with a cash balance of $52,000

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2 years ago
AC variant of the gene ACTN3 which inhibits fast-twitch muscles and seems to be less prevalent in sprinters has been studied. A
ale4655 [162]

Answer:

Category variable: Caucasians, Asians, Africans

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2 years ago
Choose the correct answer and rationale. “The prices listed on retail websites...”
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Odd consecutive integers are odd integers that follow each other. They have a difference of 2 between every two numbers. If n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". Examples.

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2 years ago
Read 2 more answers
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
2 years ago
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