On January 1, 20X1, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets of Lite Company totaled $400,000. The inventory had a book value of $100,000 and a fair value of $120,000. Excess cost attributable to inventory is written off in 20X1. During 20X1, Lite Company earned $200,000 and declared a dividend of $40,000 for the year. The carrying value of the Lite investment at the end of 20X1 is:

Answers

Answer 1

The carrying value of Como Company's investment in Lite Company at the end of December 31, 20X1 is $272,000.

Data and Calculations:

Investments in Lite Company = $200,000

Percentage of shareholding = 45%

Net assets of Lite Company on January 1, 20X1 = $400,000

Lite Company's earnings for 20X1 = $200,000

Dividend declared by Lite Company = $40,000

Share from Earnings in Lite = $72,000 ($200,000 + 45% of( $200,000 - $40,000)

Value of investment at the end of 20X1 = $272,000 ($200,000 + $72,000)

Thus, the investment in Lite Company at the end of 20X1 has a carrying value of $272,000.

Read more: https://brainly.com/question/24197318


Related Questions

The following information is for the Jeffries​ Corporation: Product​ A: Revenue ​$18.00 Variable Cost ​$14.00 Product​ B: Revenue ​$21.00 Variable Cost ​$13.00 Total fixed costs ​$143,000 What is the operating income of Jeffries​ Corporation, assuming actual sales total​ 35,600 units, and the sales mix is three units of Product A and one unit of Product​ B? A. ​$35,000 B. ​$321,000 C. ​$667,500 D. ​$178,000

Answers

Jeffries Corporation's Operating Income from the two products is A. ​$35,000.

The operating income is the difference between the revenue and operating costs (variable and fixed costs).

Data and Calculations:

                             Product A     Product B     Total

Revenue                 $18.00           $21.00

Variable cost            14.00              13.00

Contribution            $4.00             $8.00

Fixed costs                                                 $143,000

Total sales units                                            35,600

Sales mix                  3                        1               4

Sales units             26,700           8,900      35,600

Total contribution$106,800      $71,200  $178,000

Total fixed costs                                          143,000

Operating income                                      $35,000

Thus, the operating income is $35,000.

Read more: https://brainly.com/question/14815746

 

Bryant Manufacturing produces its product in two sequential processing departments. During October, the first process finished and transferred 310,000 units of its product to the second process. Of these units, 65,000 were in process at the beginning of the month and 245,000 were started and completed during the month. At month-end, 45,000 units were in process. Using the FIFO method, compute the number of equivalent units of production for direct materials for the first process for October assuming that beginning work in process inventory is 30% complete for direct materials cost and ending inventory is 80% complete for direct materials cost.

Answers

The number of equivalent units of production for direct materials for the process for October is 326,500 units.

Given Information

Beginning work in process inventory = 65,000 unitsPercentage completion of beginning inventory = 30%Ending work in process inventory = 45,000 unitsUnits started and completed during the period = 245,000 unitsPercentage of completion of Ending work in process inventory = 80%

Equivalent Units of Production (FIFO) = [Beginning work in process inventory x Percentage completion of beginning work in process inventory] + Units started and completed during the period + [Ending work in process inventory x Percentage of completion of Ending work in process inventory]

Equivalent Units of Production (FIFO) = [65,000 x 100%-30%} + 245,000 + [45,000 x 80%]

Equivalent Units of Production (FIFO) = 45,500 + 245,000 + 36,000

Equivalent Units of Production (FIFO) = 326,500 units.

Therefore, the number of equivalent units of production for direct materials for the first process is 326,500 units.

See similar solution here

brainly.com/question/15732992

HELP PLS what is the advantage of scholarships ??
A.most cover the full cost of tuition
B.There s no application required
C.they do not require payments
D.they provide very low-interest rates

Answers

Answer:

It helps in empowering your academic and career goals by removing the financial barrier. Getting a scholarship takes away all your financial concerns. Thus, it gives you more time to study, gain knowledge and secure better grades

Financial Benefit

As scholarships are essentially free money, students can instead focus on their careers instead of worrying about how they will repay their student loan. They also allow students to pursue subjects that require postgraduate training such as MBAs.

(C) I personally think

The main advantage of scholarships offered to attend tertiary institutions is that C.they do not require payments.

What are the advantages of scholarships?

Scholarships reduce the amount of tuition fees that a student will have to pay thereby making schooling easier for them.

The advantage of this is that the student never has to pay it back which reduces the financial burden on the student.

Find out more on scholarships at https://brainly.com/question/11715604.

Teluate how the business applies the for
activities Give a practical example of coche
2.1 Product policy, eg, packaging and trade
22 Distribution policy, eg channel of disti
23 Communication policy, eg how the produce
advertised
24 Pricing policy, og what informs there

Answers

Answer:

gdjsscgebebsvdveskalbdrj

A product policy is simply concerned with defining the type, timing, and the volume of products that a company offers for sale.

The distribution policy refers to the strategy that's used by a company to ship it's products. This can be through intermediaries, dual distribution, etc.

Communication policies simply entails how the product will be advertised. These can be through social media, televisions, etc.

Lastly, pricing policy refers to how the company will set its price.

Learn more about pricing on:

https://brainly.com/question/25157578

Scenario:
Tourism industry has been suffering during this pandemic. Tata Vacation Villa currently has
numerous vacancies. Few tenants moved out because of high rents Prospective tenants come to
see the units, they are very excited, however, they see many other vacancy signs available for
less money. As a result, Tata Vacation Villa are losing customers. You are working as a manager
of the company and your boss asked you to
a
Write a report proposing a solution to a problem that has been identified bymanagement of a
company or agency. Your report should be two pagesin length (Appendix is not included
within two pages in length). Organize your report clearly and logically. Give each section
anappropriate heading. You may use the following outline to plan your report, ormake your
own outline.
A. Problem
B. Recommendation
C. Rationale
D. Alterative Solutions
E Appendix (Data
You are advised to use the sample as a standard format

Answers

To write this report include main ideas for each section, connect them appropriately, and review the text after writing it.

Based on the prompt, the idea of this report is to describe the problem  Tata Vacation currently has and the possible solutions for this problem. This means you need to include complete ideas in each of the sections proposed. Some of the ideas you can include are:

Problem: First state the problem "Tata Vacation Villa currently has numerous vacancies" and then mention the possible causes or factors.Recommendation: Propose one solution or recommendation, for example, increasing advertising or slightly reducing the prices.Rationale: Explain why solving this problem is important, for example, Tata Vacation Villa needs to reduce the prices to increase customers and avoid financial issues:Alternative Solutions: Include other possible solutions such as finding new customers, changing the focus of the villa, cutting expenses, etc.

After this, you want to include all the ideas in each of the sections using appropriate linking words and other connecting expressions such as:

On the other handFirst of all

Finally, review the text and make corrections to improve the report.

Learn more in: https://brainly.com/question/1570294

With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition. True or false

Answers

Answer:

True

Explanation:

Evidence-based decision-making is an approach to decision-making that states that managers should systematically collect the best evidence available to help them make effective decisions. ... With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition.

The monetary value of what a firm received for goods sold, services rendered, and other payments is termed
?

The answer is: Revenue or Revenies

Answers

Answer:

Revenue

Explanation:

The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.

Hope this helps.

The park is very sentence or sentence fragment.

Answers

A sentence fragment is an incomplete sentence because it lacks a subject, lacks a verb, or is a dependent clause. Fragments usually begin with a subordinate conjunction or a relative pronoun. When sentences begin with subordinate conjunctions or relative pronouns, they must be joined to a main clause.

Please label the statements as true or false regarding rationality.

a. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
b. Rational people will always choose the option that maximizes income.
c. The rationality assumption is used to simplify models. Risk aversion is an example of irrationality.
d. One of the root causes of credit card overuse is due to mental accounting.

Answers

The statements are labelled as true or false regarding rationality as follows:

Statement                                       Label

a. In a labeling module                  False

b. Choice of rational people         True

c. Risk aversion is irrationality      True

d. Mental accounting cannot

   cause credit card overuse        False

Rationality demands that a person's decision is based on logic or reason.  Irrationality presupposes the absence of rationality or reason.

Again, there is no logicality in the first and fourth statements but rationality is observed in the second and third statements.

Thus, a good example of irrationality is risk aversion, which is also a risky gamble.

Learn more: https://brainly.com/question/22598210

17. Why is it important to identify the stakeholders of a business? In your own words

Answers

Without the support of stakeholders an organization would seize to exist. They affect organization by defining the future of the company. Some examples of stakeholders are: government, employees, customers, investors, communities, and suppliers.

A truck driver is operating a brand-new 18-wheel tractor-trailer rig at a lawful speed on an interstate highway. The spare tire under the rig breaks free, bounces, then caroms into a nearby subcompact car which was also moving at a lawful rate of speed. The driver of the subcompact car sues the truck driver, the truck driver's employer, and the owner of the leased 18-wheel rig for negligence in securing the spare tire properly. At trial, evidence is introduced that the cradle holding the spare tire showed no signs of damage or wear. The truck driver testified that chains had been wrapped around the spare tire to hold it even tighter to the cradle. After the lawyer for the car driver has presented all the evidence used to support the car driver's case, counsel for the defendant moved for dismissal on the grounds that the plaintiff had failed to show sufficient evidence that the defendants breached a duty of care. Would you expect the court to grant his motion? Why or why not?

Answers

Answer:

6

Explanation:

Yes, the court will grant the defendant's lawyer's motion.

What is court?

A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. A court, often known as a court of law, is a person or group of people with the legal jurisdiction to hear and settle disputes in civil, criminal, ecclesiastical, or military issues

.As depicted in the instance, the truck driver drove the brand-new 18-wheel tractor-trailer at a permissible speed while on duty. The defendant is accused of being careless in ensuring the safety of the spare tire by the truck driver, the truck driver's employee, and the owner of the rented 18-wheel rig.

Therefore, Yes, the court will grant the defendant's lawyer's motion

Learn more about the court here

https://brainly.com/question/13375489

#SPJ5

Larry was shopping at a Target store when he suddenly remembered he had an appointment with his Law 240
professor. Larry placed his backpack on a table, pulled his calendar notebook out of his backpack to confirm the
time he wrote down with the time stated in his phone calendar app, and quickly discovered that he would be late
for the appointment. Larry put the notebook back into his backpack and ran out of the store. As he exited, the
security guard asked Larry to accompany the guard to an office at the back of the store. Larry went with the guard.
Once there, the guard accused Larry of shoplifting and searched the backpack. The guard found the calendar
notebook, saw that it was already used and marked in, and apologized to Larry, explaining that the store had
recently been experiencing an outbreak of thefts. The whole incident took less than five (5) minutes. Under these
circumstances:
a. The Target store has a conditional privilege to stop persons it believes are shoplifting and the guard did not
detain Larry for an unreasonable period.
b. Larry can sue the Target store for false imprisonment.
c. the Target store has no conditional privilege to stop persons it believes are shoplifting and will be liable for
punitive damages.
d. Larry can sue the Target store for emotional distress and battery.

Answers

Answer:

d

Explanation:

TẠI SAO KHI MỘT DOANH NGHIỆP SẢN XUẤT HÀNG TIÊU DÙNG MUỐN MỞ RỘNG THỊ TRƯỜNG TIÊU THỤ SẢN PHẨM THÌ CẦN NGHIÊN CỨU CẢ CÁC ĐẶC ĐIỂM VĂN HÓA CỦA THỊ TRƯỜNG ĐÓ?

Answers

Explanation:

v toget ejak, jus like a ell kk the time I've ever experienced in water tank for the job to do it well that's a ell kk an hour and i will be ki xaina the morning to me I k h I is an of the first one ma jaun is the river la k padaunu vayo vane the first time in the morning and i is a ko be back by then you can come e backstabber Y the morning and i is a ko be back in the morning to get the first time I've ever had to get the first one ma jaun

What are human behavior in Organization?

Answers

Answer:

Organizational behavior is the study of how human behavior affects an organization.

What is cash flow?………

Answers

Answer:

Cash flow is the movement of money in and out of a company.

Which is a better deal on a $7.99 item:

Answers

Answer: $6.99 is better than $7.99

Reporting Net Sales after Sales Discounts [LO 6-4]
During the months of January and February, Solitaire Corporation sold goods to two customers. The sequence of events was as follows:
Jan. 6 Sold goods for $120 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitaire $71.
7 Sold goods to Spyder Corp. for $83 with terms 4/10, n/30. The goods cost Solitare $61.
14 Collected cash for the amount due from Wizard Inc.
Feb. 28 Collected cash for the amount due from Spyder Corp.
Required:
Compute the total revenue Solitare would report over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

yes yup yes yes ururieuuooo

Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October are available:

Quantity of direct labor used 5,000 hrs.
Actual rate for direct labor $22.75 per hr.
Bicycles completed in October 800 bicycles
Standard direct labor per bicycle 6.0 hrs.
Standard rate for direct labor $24.00 per hr.

Requried:
a. Determine for October the direct labor rate variance, direct labor time variance, and total direct labor cost variance.
b. How much direct labor should be debited to Work in Process?

Answers

The answer will be $24 per hour
Hope this helps

Which of these is most closely associated with opportunity cost?
O A. consumerism
B. trade-offs
O C. entrepreneurs
D. productivity

Answers

Answer:

A

Explanation:

I have the same question from my class too my teacher marked it right.

The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated
effect of the subsidy on the supply of private education? (1 point)

At any given price, the quantity supplied of private education will increase

The demand for private education will increase

The supply of private education will decrease

At any given price the quantity supplied of private education will decrease

Answers

Answer:

At any given price, the quantity supplied of private education will incease

Explanation:

Answer:

for the quick check in connexus

Explanation:

1. the price of a substitute in production

2. Local government increases the taxes that are levied on firms.

3. a shift of the supply curve for apple juice to the left

4. At any given price, the quantity supplied of private education will increase.

5. It is impossible to tell.

While in Chicago for a weekend, Tony's friend suggests that he eat at Michael Jordan's restaurant. Tony is confused as to why Michael Jordan has a restaurant if he isn't a chef. What is likely Michael Jordan's involvement in his restaurant as he is not a chef?

a. He may have financially invested in it, and he has lent his name to the establishment.

b. He is likely learning to cook from the chefs at his restaurant.

c. He likely manages the kitchen on a daily basis.

d. He likely has no involvement, and the owners just used his name.

Answers

A is the correct awnser

Several companies in the EU were importing safety footwear from Argentina. Specifically, thousands of pairs of steel-toed boots were being imported for end use by workers in hazardous industries, such as mining, construction, and manufacturing. The EU became concerned that the steel inside the footwear was not of the agreed upon quality and so it called upon the ________ to monitor and enforce the trade agreement.

Answers

The EU countries will call upon the World trade Organization to monitor and enforce the trade agreement.

World Trade Organization (WTO) is the international body that regulates the international trade between and among the world nations.

The WTO enables nations producers, exporters, importers to conduct their business around the world.

The WTO helps in administering trade agreement between nations, handles trade disputes and monitors national trade policies.

Therefore, in this question context, the European Union will call on the World trade Organization to monitor and enforce the trade agreement between the EU countries and Argentina.

Read more about WTO here

brainly.com/question/11661550

Huff Company presents the following items derived from its December 31, 2019, adjusted trial balance:

Sales (net) $124,000 Operating expenses $30,400
Interest expense 3,700 Common stock, $5 par 22,000
Cost of goods sold 66,200 Retained earnings, 1/1/201 945,800

The following information is also available for 2019 and is not reflected in the preceding accounts:The common stock has been outstanding all year. A cash dividend of $1.28 per share was declared and paid.

Land was sold at a pretax gain of $6,300
Division X (a major component of the company) was sold at a pretax gain of $4,700.
It had incurred a $9,500 pretax operating loss during 2019.
A tornado, which is an unusual event in the area, caused a $5,400 pretax loss.
The income tax rate on all items of income is 30%.
The average shareholders' equity is $90,000.

Required:
a. Prepare a 2016 multiple-step income statement for Huff.
b. Prepare a 2016 retained earnings statement.

Answers

Answer:

letter a.po sagot diyan

marketing is meeting needs Profit ability explain age​

Answers

Answer:

Marketing is about identifying and meeting human and social needs. One of the shortest good definitions of marketing is ―meeting needs profitably

Market needs inform organizations about what products develop, for what customers, at what cost, through which distribution channels, reducing the uncertainty that a new product/service development always brings.

maganda ka ba??kung oo bakit ka nandito sa app na ito

Answers

Answer:

haha Hindi nman ako maganda

A stock is expected to pay annual dividends forever. The first dividend is expected in 1 year and all subsequent annual dividends are expected to grow at a constant rate annually. We know that the dividend expected in 2 years from today is $4.76 and the dividend expected in 5 years from today is expected to be $6.63. What is the dividend expected to be in 3 years from today

Answers

Similar question. You can go through and finish yours. Thanks hope it helps.

Professor Hyden, a retired mathematics teacher, had tried to impress upon his granddaughters the importance of mathematics, so in his will he specified that they should share a $900,000 inheritance as follows: Anna and Lauren, the twins, would each receive 30% of the $900,000 after the other's share was deducted. The third granddaughter, Beth, would receive the remainder after the twins got their share. Find each girl's share. (Round your answers to the nearest cent.)

Answers

Answer:40% or $360,000

Explanation: I'm pretty sure that the twins would get 60% which adds up to $540,000. which leaves the case that the third granddaughter would receive the rest which would be $360,000. AKA 40%

Fill in the blanks to complete the passage about why firms do not always increase their
production.
Drag word(s) below to fill in the blank(s) in the passage.
Firms use cost data to make decisions about how many units to produce based on their costs.
Increasing production may not always lead to an increase in profit. Increasing production will cause a
firm's costs to increase, which could outweigh any benefits that were previously gained by
lowering their overhead-which is determined by their costs in the short run.
fixed and variable
variable
fixed
average fixed

Answers

The reason firms do not always increase their production is based on the following factors:

 

1. Fixed and Variable costs: The fixed and variable costs are used to decide the number of goods to produce.

 

2. Average Fixed costs: When a firm increases its production, the average fixed costs may increase.

 

3. Fixed costs: The overhead cost is the fixed costs in the short-run.

 

Thus, each of the three blanks is filled with correct answer.  Note that the every business entity incurs both fixed and variable costs.

Learn more: https://brainly.com/question/14872023

Answer:

fixed and variable, variable, average fixed

Explanation:

There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: Consumers' Willingness to Pay Lorenzo: $35 Gilberto: $50 Juanita: $40 Neha: $25 Firms' Costs Firm A: $25 Firm B: $40 Firm C: $30 Firm D: $45 Each firm has the capacity to produce only one haircut. For efficiency, should be given. Which businesses should cut hair

Answers

Based on efficiency, the businesses that should cut hair are the A and C; moreover, to meet the demand, each firm will need to offer at least two haircuts.

The supply of a product or the units of a product that is offered to potential customers should always meet the number of real customers. In the same way, the price of the product should meet the price customers are willing to pay.

In this context, the best is that only firm A and C cut hair, this is because their prices per cut ($25 and $30) match the consumers' willingness to pay this includes Lorenzo ($35), Gilberto ($50), Juanita ($40) and Neha ($25).

Firm A can cut Neha's and Lorenzo's hairFirm C can cut Gilberto's and Juanita's hair

Moreover, this implies each firm needs to do at least 2 haircuts to cover all the possible customers.

In the case of firms B and D, the price per cut is high ($40 - $45). Based on this,  they should not cut hair as only a few customers can pay for this service, and this would be inefficient.

Learn more in: https://brainly.com/question/13225200

Kelly, a production supervisor, is responsible for 10 employees who assemble components into a finished product that is sold to distributors. Kelly reports to Ben, a production manager, who in turn reports to Dan, a general manager, who reports to McKenna, a vice president of operations. Recently, McKenna asked Dan to have a meeting with Kelly and Ben regarding some customer concerns in the production area. The focus of the meeting was to judge the validity of the customer concerns, and to develop a specific plan to address these concerns.
► Kelly is a first-line manager
Reason for your answer:
► Ben and Dan are Middle managers
Reason for your answer:
► Mckenna is a Top manager
Reason for your answer:
► Kelly, Ben, Dan, and Mckenna are part of an organization that has a __________
B) Traditional pyramid structure
Reason for your answer:

Answers

Considering the situation above, Kelly is a first-line manager because he works with the workers directly.

This is because the first-line manager is generally considered the first level of management, and the role deals with working with actual employees on-site or production line.

Ben and Dan are Middle managers because they have a manager(s) below them that report to them, and they also have a manager(s) above them that they report to.

A Middle Manager works between senior management and lower-level management.

Kelly, Ben, Dan, and Mckenna are part of an organization with a traditional pyramid structure because their responsibilities follow the conventional level structures in an organization.

A typical traditional pyramid structure consists of CEO, Executive, Middle Managers, Low-Level Managers, and Employees.

Hence, in this case, it is concluded that this kind of organization runs a traditional pyramid structure in terms of functions and positions.

Learn more here: https://brainly.com/question/23967424

Other Questions
what is the Dtm and estimated stage cluster of Germany Italy 21 less than tree-fifths of a number 1. What is the difference between these two expressions(5+3)*3(5+3)*9 $18.00 breakfast: 7% tax Identify the links in this chain of infection write the equation of the ellipse using the given information: the ellipse has foci (0,3) and (0,-3) and major vertices (0,5) and (0,-5). There are 206 people who have signed up for cooking lessons. If there will be 8 people in each class, what is the least number of classes needed for all the students to be registered in a class Simplify these expressions a) 5 x x b) 6 xxxy c) 2 x x x 3 xy How many plants must be on the new settlement to provide enough oxygen for 20 adult humans to survive Can anyone help here :) Which gases are needed for animal and plant respiration? Select two options. FAST ITS TIMEDoxygennitrogencarbon dioxideneoncarbon A cat jumps from a balcony. About how fast is the cat moving after 1.5 s? Select the correct definition of inflation According to national data, about 15% of American college students earn a graduate degree. Using this estimate, what is the probability that exactly 27 undergraduates in a random sample of 200 students will earn a college degree? Hint: Use the normal approximation to the binomial distribution, where p = 0.15 and q = 0.85. (Round your answer to four decimal places.) traza e una hoja cuadricula, el circulo que se muestra en la figura 16, tomando en cuenta los puntos indicados por el plano cartesiano ActivityTo model how particles move as states of matter change, Jelani filled a clear box with as many marbles as the box would hold. Then he drew a picture of what the box looked like with the marbles in it.Part CThink back to the three models of matter in parts A and B. Which model had a definite shape? Explain. 1. If a reaction starts with 5 atoms of Hydrogen, how many will there beafter they react with 10 atoms of Oxygen?atoms of Hydrogen2. The substances you have before a chemical reaction are called the3. The substances you have after the chemical reaction are called the4. What is the Law of Conservation of Mass?Please help! Samuel runs around a 100-meter track. He uses the linear equation y= 200 + 5x to describe how far he runs after he has already Jogged two laps. Which of the following best describes the slope of the linear equation? Les encanta leer el peridico? No, a ellos les ___ los libros de misterio. Help me plzzzzzzzzzzzz