Dave's monthly loan payment would have been approximately $18.54
Dave borrowed $220 for one year at an APR of 5% that is compounded monthly. The monthly loan payment of Dave can be calculated as follows:
We can calculate the Monthly interest rate, i, by dividing the annual percentage rate by the number of times per year the interest is compounded.
i = APR / n Where, APR is the annual percentage rate, and n is the number of times per year the interest is compounded.
The value of n for monthly compounding is 12.i = 5%/12i = 0.05/12i = 0.00417
The number of months is 12. Hence, the Monthly Loan Payment, P, can be calculated by the below formula.
P = [i*PV] / [1 - (1 + i)^-n] Where, PV is the Present Value, which is the amount Dave borrowed,
i is the monthly interest rate, and n is the number of payments.
The value of PV is $220, the value of i is 0.00417, and the value of n is 12.
Hence, substituting the given values in the formula, we get:
P = [0.00417*$220] / [1 - (1 + 0.00417)^-12]P = [0.9194] / [1 - (1.00417)^-12]P = [0.9194] / [1 - 0.9505]P = [0.9194] / [0.0495]P = $18.54
Therefore, the monthly loan payment of Dave would be $18.54, which is his outflow per month as per the loan agreement.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Assignment 2
(20 points)
Assignment 2: Costs and Profit
Instructions
I'm sorry, I don't know what you mean. Please attach a photo/add the instructions!! Sorry
Answer:
can u please upload it
Explanation:
) The following costs were incurred in May: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing overhead $ 46,000 Selling expenses $ 18,000 Administrative expenses $ 15,000 Conversion costs during the month totaled: A) $54,000 B) $133,000 C) $59,000 D) $87,000
The following costs were incurred in May: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing overhead $ 46,000 Selling expenses $ 18,000 Administrative expenses $ 15,000 Conversion costs during the month totaled IS $87,000
Option D) $87,000 is the correct answer.
Conversion costs refer to the sum of direct labor and manufacturing overhead costs.
In this case, direct labor cost is $13,000 and manufacturing overhead cost is $46,000, so the total conversion cost is:
$13,000 + $46,000 = $59,000
Therefore, option C is incorrect.
To calculate the total manufacturing cost, we need to add the direct materials cost to the conversion cost:
$41,000 + $59,000 = $100,000
This tells us that $100,000 was spent on producing the goods during the month.
Selling and administrative expenses are not included in manufacturing cost.
Therefore, the correct answer is:
Conversion costs = Direct labor + Manufacturing overhead = $13,000 + $46,000 = $59,000
Total manufacturing cost = Direct materials + Conversion costs = $41,000 + $59,000 = $100,000
So, option D) $87,000 is the correct answer.
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The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as _____.
A. Sticker price
B. A full ride
C. The reduced price
D: The net cost
Answer:
A. Sticker Price
Explanation:
The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as Sticker Price.
Wilde Software Development has an 11% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expected to grow at a constant 2% rate after Year 3. Wilde's tax rate is 25%. Year 1 Year 2 Year 3 Interest expenses $75 $90 $110 What is the horizon value of the interest tax shield? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the total value of the interest tax shield at Year 0? Do not round intermediate calculations. Round your answer to the nearest cent.
I need to know the formula for excel i have =75/80*110?2%-25%
The total value of the interest tax shield at Year 0 is approximately $244.67.
The horizon value of the interest tax shield, to determine the value of the interest tax shield beyond Year 3. The formula to calculate the horizon value of the interest tax shield is as follows.
Horizon Value = Interest Expense in Year 3 × (1 + g) × (1 - tax rate) / (r - g)
Interest Expense in Year 3 is $110 .
g is the growth rate of interest expenses after Year 3.
A constant 2% in this scenario.
tax rate is the tax rate, which is stated as 25%.
r is the unlevered cost of equity, which is mentioned as 11% in the problem.
Now the horizon value:
Horizon Value = $110 × (1 + 0.02) × (1 - 0.25) / (0.11 - 0.02)
Simplifying the equation:
Horizon Value = $110 × 1.02 × 0.75 / 0.09
Horizon Value ≈ $900.67
Therefore, the horizon value of the interest tax shield is approximately $900.67.
To calculate the total value of the interest tax shield at Year 0, you need to sum up the present values of the interest tax shield for each year. The formula to calculate the present value of the interest tax shield is as follows:
Present Value = Interest Expense / (1 + r)²n
Where:
Interest Expense is the interest expense for the specific year.
r is the unlevered cost of equity, which is 11% in this case.
n is the number of years.
Now the total value of the interest tax shield at Year 0:
Total Value = Present Value Year 1 + Present Value Year 2 + Present Value Year 3
Present Value Year 1 = $75 / (1 + 0.11)²1
Present Value Year 2 = $90 / (1 + 0.11)²2
Present Value Year 3 = $110 / (1 + 0.11)²3
Total Value = $75 / 1.11 + $90 / 1.11²2 + $110 / 1.11²3
Total Value ≈ $244.67
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When the price level in the United States falls relative to the price level of other countries, ________ will fall, ________ will rise, and ________ will rise. Group of answer choices
When the price level in the United States falls relative to the price level of other countries, exports will become cheaper, imports will become more expensive, and the demand for U.S. goods will rise.
This is because when the price level of the U.S. falls, the value of the dollar decreases relative to other currencies, making U.S. exports more affordable for foreign buyers. As a result, U.S. firms will be able to sell more goods overseas, leading to an increase in exports. On the other hand, imports will become more expensive as the value of the dollar decreases. This will lead to a decrease in the demand for foreign goods in the U.S., as U.S. consumers will be less likely to purchase foreign products. Finally, the rise in exports will lead to an increase in demand for U.S. goods, which in turn will stimulate economic growth and job creation in the country. Overall, the fall in the price level in the United States relative to other countries can have a positive impact on the country's trade balance and overall economic performance.
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Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
A company in Maine sends lobsters to France What is Maine doing? Select three options
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
Every year, Harini receives a check from the company in which she owns stock. What is the name for these periodic distributions of profits to investors?
A.
the rate of return
B.
speculative investments
C.
dividends
D.
corporate bonds
Answer:
(C) Dividends is your yearly profit
Twelve years ago, you deposited RM3,400 into an account. Seven years ago, you added an additional RM1,000 to this account. You earned 8 percent, compounded annually, for the first 5 years and 5.5 percent, compounded annually, for the last 7 years. How much money do you have in your account today? (d) Your local bank offers 4-year certificates of deposit (CD) at a 12 percent annual nominal interest rate compounded quarterly. Determine how much additional interest you will earn over 4 years on a RM10,000 CD that is compounded quarterly compared with one that is compounded annually. (e) In exchange for a RM20,000 payment today, you are allowed to choose one of the alternatives below. Your opportunity cost is 11%. Alternative Single amount A RM28,500 at end of 3 years RM54,000 at end of 9 years B C RM160,000 at end of 20 years Find the value today of each alternative. Which alternative will you take?
Amount in account today: RM6,409.52; Additional interest earned with quarterly compounding: -RM45.56; Recommended alternative: Alternative C with a present value of RM29,926.52.
a) Calculation for the amount in the account today:
Initial deposit: RM3,400 compounded at 8% for 5 years
Additional deposit: RM1,000 compounded at 5.5% for 7 years
Calculate the amount from the initial deposit after 5 years:
Amount₁ = RM3,400 * (1 + 0.08)⁵ = RM4,954.49
Calculate the amount from the additional deposit after 7 years:
Amount₂ = RM1,000 * (1 + 0.055)⁷ = RM1,455.03
Total amount in the account today = Amount₁ + Amount₂ = RM4,954.49 + RM1,455.03 = RM6,409.52
b) Calculation for additional interest earned on a RM10,000 CD:
Compounded quarterly: RM10,000 * (1 + 0.12/4)\(^{4*4)}\) = RM14,847.72
Compounded annually: RM10,000 * (1 + 0.12)⁴ = RM14,893.28
Additional interest earned = RM14,847.72 - RM14,893.28 = -RM45.56 (slightly less with quarterly compounding)
c) Calculation for the present value of each alternative:
Alternative A: RM28,500 at the end of 3 years
Present value of A = RM28,500 / (1 + 0.11)³ = RM20,144.71
Alternative B: RM54,000 at the end of 9 years
Present value of B = RM54,000 / (1 + 0.11)⁹ = RM26,246.07
Alternative C: RM160,000 at the end of 20 years
Present value of C = RM160,000 / (1 + 0.11)²⁰ = RM29,926.52
The alternative with the highest present value is Alternative C, which has a present value of RM29,926.52.
Hence, the amount in the account today is RM6,409.52, the additional interest earned with quarterly compounding is -RM45.56, and the recommended alternative is Alternative C with a present value of RM29,926.52.
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NC Office Supply purchased a heating system on September 1, 2019, for$18,500. The estimated salvage (disposal) value is $500 and the estimated useful life is 10 years. What is the accumulated depreciation at the end of 2021
Answer:
Accumulated deprecation [End of 2021] = $4,200
Explanation:
Given:
Purchase cost on [1 sep 2019] = $18,500
Salvage value = $500
Number of year = 10 year
Find:
Accumulated deprecation [End of 2021]
Computation:
Amount of depreciation per year = [Purchase cost - Salvage value] / Number of year
Amount of depreciation per year = [18,500 - 500]10
Amount of depreciation per year = $1,800
Accumulated deprecation [End of 2021] = Depreciation in 2019 + Depreciation in 2020 + Depreciation in 2021
Accumulated deprecation [End of 2021] = [1,800(4/12)] + 1,800 + 1,800
Accumulated deprecation [End of 2021] = 600 + 1,800 + 1,800
Accumulated deprecation [End of 2021] = $4,200
Edna has been tasked with maintaining her sorority database, which contains many elements of students' personal and academic information. Which of the following considerations will probably be MOST important to Edna if she plans to use the database for creating data queries and reports?
A. Developing an attractive graphic representation of the data.
B. Printing and checking the database weekly.
C. Sending out regular announcements to the students.
D. Gathering and tracking the unique data.
Answer:
Gathering and Tracking the Unique Data
Explanation:
my uncle is in the hospital need someone to tlk too
Answer:
Hey, I'm here if you need. I'm sorry about your uncle being in the hospital, I do hope he gets better.
Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using _____________ language.
Diagnostic
People-first
Inappropriate
Boundary-safe
Answer:
People-first
Explanation:
People-first language is a form of linguistic medication style involving a speaker putting a person before describing the actual diagnosis, that is, what a person "has" rather than asserting what a person "is."
For example, “a man walks with crutches” rather than” he is disabled.” Person-first language tends to be positive and promotes abilities rather than limitations.
Hence, in this case, Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using PEOPLE-FIRST Language.
differentiate between homogeneous mixtures and heterogeneous mixtures
Answer:
A homogeneous mixture is a solid, liquid or gaseous mixture that has the same proportions of its components throughout any given sample. Conversely, a heterogeneous mixture has components in which proportions vary throughout the sample.
The currency of the united states consists primarily of metal coins and paper money.
a. True
b. False
Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.
The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
No, the court will start with a clean slate in reaching a decision regarding Jackson's case.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
I did the assignment in edge 2021.
In this assignment you, as a Digital Marketing Specialist, had opened up your own online eCommerce store, selected your industry niche and your desired web platform.
As you now know, media integration in the form of blogging is something that cannot be overlooked. With that understanding, you have decided to integrate blogging into your digital marketing initiatives and developed the following to-do list:
Develop a content strategy surrounding blogging to market your website and your products in your selected niche.
After the content strategy is developed, you are to proceed to developing the actual content. At least one (1) blog post is to be developed.
Once the strategy and blog post are developed, you are to implement and upload the blog post to your website, positioned in an inviting and professional manner.
ASSIGNMENT STEPS
Blog content should be developed according to your content strategy plan; one (1) blog post minimum. Explain your development behind the post.
Development behind the blog post includes conducting thorough research on the target audience, industry trends, and relevant keywords, as well as identifying the specific purpose and message of the blog post.
The content should be engaging, informative, and aligned with the overall content strategy to attract and retain the target audience. Additionally, the post should incorporate effective storytelling techniques, use of visuals, and proper formatting to enhance readability. The development process involves outlining the structure, writing and editing the content, and optimizing it for search engines.
The blog post should provide value to readers, whether through sharing industry insights, offering solutions to common problems, or providing entertaining and educational content. By following these steps, the blog post will effectively market the website and products in the selected niche, driving traffic, engaging visitors, and establishing the brand as a knowledgeable authority in the industry.
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During 2018, Leucothea Co. became involved in a legal dispute with a supplier. At December 31, 2018, Leucothea’s legal advisor believed that an unfavorable outcome was probable. A reasonable estimate of resulting monetary damages is $100,000 but could be as much as $200,000. Leucothea has legal liability insurance coverage that limits their loss to $80,000. After the 2018 financial statements were issued, Leucothea agreed to settle the case for $125,000. What amount of accrued liability should Leucothea have reported in its December 31, 2018 balance sheet?
Answer:
$80,000
Explanation:
Prudence allows that liabilities should not be understated and assets should not be overstated .
As the case is probable to result to a liability by the lawyers assessment , this means that it is more likely to happen and liability should be recognized . However , there is an insurance that limits the liability to the tune of $80,000 regardless of the agreement made towards the settlement.
The sum of $80,00 should be recognized as the liability in the statement of financial position
According to the video, what tasks commonly are performed by Market Research Analysts? Check all that apply.
processing payments
considering potential sales and competition
designing advertisements
designing surveys
analyzing data (information)
making sales
Answer:
considering potential sales and competition
designing surveys
analyzing data (information)
Explanation:
The tasks commonly performed by Market Research Analysts are :
considering potential sales and competition.designing surveys.analyzing data (information)What is Marketing research?Marketing research involves the methodical collection, recording, and analysis of both quantitative and qualitative information on marketing products and services issues. The objective is to recognize and evaluate how changing marketing mix elements affect customer behavior.
To evaluate potential sales of a product or service, market research analysts examine consumer preferences, economic situations, and other factors. Because most industries rely on market research, these experts are found all over the economy.
Therefore, considering potential sales and competition, designing surveys and analyzing data are some of the work of a Market Research Analysts.
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After landing an interview with your dream company, you learn that the interview will consist of questions asking you to demonstrate how you would go about organizing your employees, setting goals and achieving those goals. The company is asking you these questions in an effort to determine the extent to which you possess
Answer: task leadership
Explanation: The activities of organizing employees, of setting goals and achieving those goals set are all task leadership activities and therefore, questions put forward during an interview by a company are meant to determine if the candidate possesses task leadership. Task leadership focuses on achieving set goals and is used to develop a structured workplace with clearly defined schedules and priorities. As such, it delegates assignments, set clear processes and issue deadlines in order to ensure that members of a team would remain focused and deliver their part of the project in record time.
The HR manager is considering giving more full-time contracts. Would you recommend Top Hotels offer more employees full-time contracts? Justify
your answer.
Answer:
Yes
Explanation:
Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term
The short-run market supply curve for a perfectly competitive market is obtained by summing the part of each firm'sa. MC curve that lies above its AVC curve.
b. MC curve that lies below the AVC curve.
c. AVC curve that lies below the MC curve.
d. AVC curve that lies above its MC curve.
The correct answer is a. The short-run market supply curve for a perfectly competitive market is obtained by summing the part of each firm's MC curve that lies above its AVC curve.
This is because, in the short run, a firm will only produce if it can cover its variable costs (AVC) and contribute to its fixed costs. Therefore, any production that lies below the AVC curve will not be profitable for the firm. On the other hand, any production that lies above the AVC curve will contribute to the firm's fixed costs and hence will be produced.
When summing up the MC curves of all the firms in the market, only the portion of the MC curve that lies above the AVC curve will be included, as that is the only part that contributes to the short-run supply of the market. In a perfectly competitive market, where firms are price takers and have no market power, each firm's MC curve is identical. Therefore, the market supply curve is obtained by horizontally summing the identical portions of the MC curve that lie above the AVC curve.
It is important to note that the short-run market supply curve is upward-sloping due to the law of diminishing marginal returns. As more firms enter the market, the supply curve will shift to the right, resulting in a lower equilibrium price.
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How do you think business impact suppliers and investors in terms of capital and income?
Answer:
It is important to select suppliers carefully as suppliers can affect the businesses they provide goods to. If a supplier provides a poor quality product to a firm, it may affect the firm's reputation as the firm will need to use the goods or sell them onto their customers.
Explanation:
Suppliers are the most important link in the business chain. They can never be separated from the business itself as they act as the most important intermediary for owners and consumers.
On the other hand, investors get impacted the most as the share price of the companies are hugely impacted by the performance of the business and are appreciated when the business posts excellent results in its annual or quarterly period.
A business can impact suppliers in a way that if the manufacturers are not ready with the finished goods, the supply chain will automatically be stopped which will reduce sales by a good number.On the other hand, Investors are the owners of the business for the part of no. of shares being held by them. However the management of the business is in the hands of the managers and if they don't run the business well, the stock prices would decline resulting in dismay for the investors.Suppliers as well as investors are directly related to the performance of the company as efficient management by the business leads to betterment of them and vice versa.Hence, the owners as well as the investors are directly affected with the performance by the management of the business and are equally acquainted to the business.
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What is a major function of both retail and business banks?
A. reducing the overall money supply
B. regulating payday and title pawn lenders
C. providing checking and savings accounts
D. offering financial services without making profit
Answer:
C.
Explanation:
Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.
Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.
Therefore, option C is the correct answer.
xyz stock is currently trading at $38 per share and pays an annual dividend of $1.90 per share. you expect this dividend to increase to $2.00 next year. analysts project a continued dividend growth rate of 5% annually, and your client requires a 10% rate of return. should your client should purchase this stock?
The client should purchase this stock as the stock is undervalued.
What does a stock's value indicate?The most common technique for valuing stocks is to use the company's price-to-earnings (P/E) ratio. By dividing the stock price by the company's most recent reported earnings per share, the P/E ratio is determined (EPS). A low P/E ratio indicates that a business is providing an appealing level of value to the buyer.
You can only determine a company's current value or market value from the price of its stock. As a result, the price reflects the market value of the stock or the price reached by a buyer and a seller. The price of the stock will increase if there are more buyers than sellers.
The value of stock = Expected Dividend /(required Rate of Return - Growth Rate)
= 2/(10%-5%)
= $40
Current stock Price = $38
Hence the answer is yes, because the stock is undervalued.
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On January 1, 2021, Alamar Corporation acquired a 40 percent interest in Burks, Inc., for $210,000. On that date, Burks's balance sheet disclosed net assets with both a fair and book value of $360,000. During 2021, Burks reported net income of $80,000 and declared and paid cash dividends of $25,000. Alamar sold inventory costing $30,000 to Burks during 2021 for $40,000. Burks used all of this merchandise in its operations during 2021.
Prepare record the 40 percent income earned by Alamar from this investment.
Prepare record the investee dividend declaration.
Prepare record the collection of dividend from investee.
To record the 40 percent income earned by Alamar from this investment, we need to use the equity method. Under the equity method, Alamar will recognize its share of Burks's net income as an increase in its investment.
First, we need to calculate Alamar's share of Burks's net income. Since Alamar has a 40 percent interest in Burks, we multiply Burks's net income of $80,000 by 40 percent:
$80,000 x 40% = $32,000
Next, we will record the income earned by Alamar:
Investment in Burks (Asset) $32,000
Equity in Earnings of Burks (Income) $32,000
To record the investee dividend declaration, we need to decrease Alamar's investment in Burks by the amount of the dividend declared by Burks. Since Alamar has a 40 percent interest in Burks, we multiply the dividend declared by $25,000 by 40 percent:
$25,000 x 40% = $10,000
We will record the dividend declaration as follows:
Dividend Receivable (Asset) $10,000
Investment in Burks (Asset) $10,000
To record the collection of the dividend from the investee, we will decrease the Dividend Receivable account and recognize the cash received from Burks:
Cash (Asset) $10,000
Dividend Receivable (Asset) $10,000
Remember, these transactions are recorded using the equity method, which is used when an investor has significant influence over the investee (usually between 20-50 percent ownership). It allows the investor to recognize their share of the investee's income and dividends.
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The equity method is used when an investor has significant influence over the investee, typically defined as ownership of 20-50 percent of the voting stock.
To record the 40 percent income earned by Alamar from this investment, we need to calculate Alamar's share of Burks, Inc.'s net income. Since Alamar owns a 40 percent interest, we can calculate the income as follows:
Net income of Burks, Inc. = $80,000
Alamar's share of net income = 40% × $80,000 = $32,000
To record the 40 percent income earned by Alamar, we would make the following entry:
Investment Income (Income Statement) $32,000
Investment in Burks, Inc. (Balance Sheet) $32,000
To record the investee dividend declaration, we need to calculate Alamar's share of the dividend. Since Alamar owns a 40 percent interest, we can calculate the dividend as follows:
Dividend declared by Burks, Inc. = $25,000
Alamar's share of the dividend = 40% × $25,000 = $10,000
To record the investee dividend declaration, we would make the following entry:
Dividend Receivable (Balance Sheet) $10,000
Investment in Burks, Inc. (Balance Sheet) $10,000
To record the collection of dividend from the investee, we would make the following entry:
Cash (Asset) $10,000
Dividend Receivable (Balance Sheet) $10,000
Please note that these entries are based on the assumption that Alamar uses the equity method of accounting for its investment in Burks, Inc.
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This talk was given in 2013. Considering how quickly technology changes, do you think this talk is still applicable to life and technology today?
Answer:
Typically, yes. It was 2013. But a lot has happened these past years. So I'm leaning on a more side of "No" since it was 2013 like I've said before. technology changes a lot.
Explanation:
An asset turnover ratio of 2.5 means that for every $1 in assets, the firm generates _____ in sales.
An asset turnover ratio of 2.5 means that for every $1 in assets, the firm generates $2.5 in sales. A company's sales or revenues are compared to the value of its assets using the asset turnover ratio.
The asset turnover ratio can be used to gauge how effectively a business uses its assets to produce income. The more effectively a corporation uses its assets to generate revenue, the greater its asset turnover ratio. A corporation is not effectively employing its assets to produce sales if it has a low asset turnover ratio, on the other hand. Investors can use this measure to gauge how well a company is utilising its resources to drive sales.
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in what year did starbucks serve its first caffè latte?
Answer:
1984
Explanation:
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