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
Ksenya-84 [330]
2 years ago
15

Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2018. Du

ring 2018, Darby Company declared dividends of $100,000 and reported earnings for the year of $400,000.If Blanco Company uses the equity method of accounting for its investment in Darby Company, its Equity Investments (Darby) account at December 31, 2018 should be1. $580,000.2. $600,000.3. $660,000.4. $680,000.
Business
1 answer:
Kruka [31]2 years ago
5 0

Answer:

$660,000

Explanation:

The computation of the equity investment is shown below:

= (Common stock balance) + (Earnings × purchased shares ÷ Total outstanding shares) - (dividend × purchased shares ÷ Total outstanding shares)

= ($600,000) + ($400,000 × 200 shares ÷ 1,000 shares) - ($1,00,000 × 200 shares ÷ 1,000 shares)

= $600,000 + $8,0000 - $20,000

=$660,000

You might be interested in
Which of these is NOT an assumption that is made with regard to the basic EOQ inventory model? A. Annual demand requirements are
asambeis [7]

Answer:

The correct answer is letter "B": Variation in both demand and lead time exists, and is known.

Explanation:

The Economic Order Quantity (EOQ) is a method to keep track of inventory based on several assumptions. According to the EOQ <em>demand is known, constant and independent; lead time is known and constant</em>; inventory receipts are immediate and complete; discounts on amounts are not feasible; and, stock-outs can be avoided absolutely.

6 0
2 years ago
Relevant financial information for Gordon, Inc. andJordan, Inc. for the current year is provided below. ($ in millions) Net sale
Yakvenalex [24]

Answer:

C) Return on Assets is 7.8% for Gordon and 6.2% for Jordan. Thus, Gordon is more profitable than Jordan

Explanation:

please find attached a clear image of the table used in answering this question

Return on assets = net income / average total assets

average total assets = (beginning assets  + ending asset) / 2

for gordon

average total assets = (1420 + 1600) / 2 = 1510

ROA = 118 / 1510 = 0.078146 = 7.8%

For Jordan,

average total assets = (2,230 + 2,020) / 2 = 2125

ROA = 132 /  2125 = 0.062118 = 6.2118%

The ROA figure shows how well a company converts assets into net income. The higher the ROA number, the better as it means the firm earns  more money on less investment

3 0
2 years ago
lee company pays its employees on a graduated commission scale 6% on the first $40,000 sales 7% on sales from $40,001 to $80,000
Elina [12.6K]

Answer: c

Explanation:

Because it makes even more sense.

6 0
2 years ago
Read 2 more answers
Please describe how you have prepared for your intended major, including your readiness to succeed in your upper-division course
s2008m [1.1K]
<span>My love for nature and my curiosity led me to choose Biology as my major. I wanted to pursue the branch of science most closely related to the natural world. Biology, and most specifically cell biology, allow me to see more deeply into nature. Ever since my childhood, when I spent much time hiking the nature trails and collecting bugs, I've been inspired by nature. I was drawn to all the sciences, but realized that Biology brought me closer to understanding the world around me. I have prepared for my major by taking all prerequisite courses required for a Biology major. Additionally, I have also taken electives related to Biology to broaden my knowledge base. Such electives include a History of Science course and a Botany course with a research component. Beyond courses themselves, I have contributed several science articles to my current how-write-good-college-essay's newspaper. I have also volunteered my time to do data entry for a major study being conducted by my how-write-good-college-essay's Biology department, to give me hands-on experience in the research process. As I continue to pursue my Biology major at UC, I will continue to excel academically. More importantly, I am committed to becoming an how-write-act-essayive part of the student body, especially within my department. I will seek volunteer opportunities to participate in research. Additionally, as an upperclassman, I will have the skills and experience to be of service to other students who are just beginning their Biology major. It is important to me to teach as I learn, and tutoring within my department is one way I plan to do so. Further, you will find me specializing in cell and molecular biology, my intended emphasis.</span>
3 0
2 years ago
Wilma leads a task force charged with restructuring the order-processing system in the organization. The task force is composed
OLga [1]

Answer:

B. task-oriented leadership style .

Explanation:

Task-oriented leadership style -

It refers to the type of leader, who only target on the goal or project .

This type of leader is referred to as the task - oriented leadership style .

As from the very term, the person is only inclined towards his or her task

There type of leaders assign the tasks very clearly and making sure all the works are done on time with proper efficiency and accuracy .

These leader are very consult about the deadline and hence define all the task to get over before the deadline .

There type of leaders are very well organised and clear about the task .

Hence, from the given scenario of the question,

The correct answer is B. task-oriented leadership style.

6 0
2 years ago
Other questions:
  • Sharon spent the weekend with her friend amelia. amelia proposed a plan for shoplifting cd's from a local music store. sharon wa
    11·1 answer
  • Pharmaceutical companies sell some of their products to hospitals and clinics directly. they also market other products to large
    9·1 answer
  • ________ are large-scale high-speed centralized computers, used for internal corporate data processing needs.
    7·1 answer
  • The following information relates to the Quilt Division of TDS Corporation for last year: Sales $200,000 Contribution margin $90
    11·1 answer
  • Which of the following statements is true of the sources of competitive advantage?
    14·1 answer
  • Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.85 Direct labor $ 3
    13·1 answer
  • Suppose that World Corp. signs a contract to build a lumber processing plant in Siberia. If World Corp. signs a second contract
    11·1 answer
  • An investor who was not as astute as he believed invested $263,000 into an account 11 years ago. Today, that account is worth $2
    9·1 answer
  • On July 1m 2017, Ling Co. pays $12,400 to Marsh Insurance Co., for a 2-year insurance contract. Both companies have fiscal years
    15·1 answer
  • Jolene has always wanted to work in Physical Therapy. Which career would be the best choice if she wants to get into a job that
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!