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tia_tia [17]
2 years ago
6

PeopleMag sells a plot of land for $100,000 to Seven Star Company, its 100 percent owned subsidiary, on January 1, 20X7. The cos

t of the land was $75,000, when it was purchased in 20X6. In 20X9, Seven Star sells the land to Hot Properties Inc., an unrelated entity, for $120,000. How is the land reported in the consolidated financial statements for 20X7, 20X8 and 20X9? Prepare simple equity-method journal entries related to an intercompany land transfer. Record Journal entries
Business
1 answer:
Kaylis [27]2 years ago
6 0

Answer:

PeopleMag cannot report a gain on the sale of land for 2007 or 2008 in the consolidated financial statements

Explanation:

PeopleMag cannot report a gain on the sale of land for 2007 or 2008 in the consolidated financial statements. The land must be reported on the consolidated balance sheet at its original cost of $75,000. The intercompany gain is unrealized and is eliminated. In 2009, the entire gain of $45,000 ($120,000 - $75,000) is realized and recognized when the land is sold to an outside party.

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What is the time of the slowest workstation in a production​ system?
GalinKa [24]

Correct/Complete Question:

What is the time of the slowest workstation in a production​ system?

A. utilization

B. bottleneck time

C. effective capacity

D. throughput time

Answer:

B, bottleneck time

Explanation:

A bottleneck in a production system refers to a constraint in the production system where supply takes the longest time to meet up with demand for a particular good.

In the production processes, bottleneck time is the time takencapacity of the ful in a certain process of production as a result of the limited capacity of the process, thereby reducing the entire production chain.

Simply put, a bottleneck is a delay in time of one of the production process thereby slowing down the entire production system.

Cheers.

3 0
2 years ago
A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
Lelechka [254]

Answer:

-11.8%

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

so in this particular case that one year later there are 29 years to maturity so we have:

price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }

price=553.6638

so as we have a higher rate the investment has the next return:

return=\frac{553.66}{627.73} -1

return=-11.8\%

4 0
1 year ago
On April 30, Gomez Services had an Accounts Receivable balance of $33,400. During the month of May, total credits to Accounts Re
swat32

Answer:

The amount of credit sales during may is $62,400.

Explanation:

credit sales = accounts receivable balance on 31 may + total credits to accounts receivable - accounts receivable balance on 30 april  

                   = $27,000 + $68,800 - $33,400

                   = $62,400

Therefore, the amount of credit sales during may is $62,400.                    

7 0
2 years ago
The drugstore chain CVS uses loyalty-card data to better understand what consumers purchase, the frequency of store visits, and
Sati [7]

Answer:

D)

Explanation:

Based on the information provided within the question it can be said that this is associated with the company capability of being able to collect fuller and richer information about markets, customers, prospects, and competitors. This is because with by knowing what customers are purchasing and how often they are getting lots of information regarding what products are good in the market, customer information including frequency of purchases, what customers are likely to buy, and even the effect that the competitors are having on the market.

7 0
2 years ago
Your research tells you that households earning $55,000 or more are most likely to be interested in a new shoe store. Households
olya-2409 [2.1K]

Answer:

COFFEE SHOPS would have a larger potential customer base.

NEW SHOE STORE is geared toward individuals with more disposable income.

Explanation:

The logic here is quite simple, households earning $25,000 or more are likely to be customers of the coffee shops. This also includes households earning $55,000 or more. So the consumer base of coffee shops is very large.

On the other hand, only households earning $55,000 or more are likely to be customers of the new shoe store. Since there are fewer households that earn $55,000 or more, their consumer base will be smaller and it should rather focus on people with more disposable income.

Even if 90% of the people earn above $55,000 and only 10% earn between $25,000 - $55,000, the consumer base of coffee shops will always be larger since it includes almost everyone.

8 0
1 year ago
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