Business College

On December 31, 20X5, Paris Corporation acquired 60 percent of Sanlo Company's common stock for $180,000. At that date, the fair value of the noncontrolling interest was $120,000. Of the $45,000 differential, $5,000 related to the increased value of Sanlo's inventory, $15,000 related to the increased value of its land, and $10,000 related to the increased value of its equipment that had a remaining life of five years from the date of combination. Sanlo sold all inventory it held at the end of 20X5 during 20X6. The land to which the differential related was also sold during 20X6 for a large gain. In 20X6, Sanlo reported net income of $40,000 but paid no dividends. Paris accounts for its investment in Sanlo using the equity method.
Required information
1. Based on the preceding information, the amount of goodwill reported in the consolidated financial statements prepared immediately after the combination is:
a. $9,000.
b. $15,000.
c. $27,000.
d. $45,000.
2. Based on the preceding information, what amount of differential would Paris amortize during 20X6 in its equity method journal entries?
a. $13,200.
b. $15,000.
c. $22,000.
d. $30,000.

Answers

Answer 1

Answer:

1. b. $15,000

2. a. $13,200

Explanation:

a. Fair Value of Consideration $180,000

Non Controlling Interest $120,000

Differential in value of Sanlo $45,000

Good will = $15,000

b. Value of Equipment = $10,000 / 5 = $2,000

$2,000 * 60% = $1,200

Value of land = $15,000 * 60% = $9,000

Value of Sanlo's Inventory = $5,000 * 60% = $3,000

Total value amortize using equity method is $13,200

Related Questions

In the supply-and-demand schedule shown above, at the prices of _____ and ______, there is excess demand because quantity demanded is greater than quantity supplied. $25, $50 $25, $200 $150, $200

Answers

In the supply-and-demand schedule, at the prices of $150 and $200, there is excess demand because quantity demanded is greater than quantity supplied.

In order to recognize market stability, we have to first understand the fundamentals of demand and supply. So, the law of demand says that when price drops, users demand a larger number. Similarly, when price reduces, generators provide a lower number.

The demand schedule represents that as price rises, quantity demanded decreases, and vice versa. Thus, these points are then graphed, and the line connecting them is the demand curve.

Hence, there is an inverse relationship between prices and quantity demanded.

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You are working the evening shift at the register. A customer who purchased $2500 money orders during the morning is back and request to purchase a money order in the amount of $700 the customer does not have Sid but ask if you can provide an override since you helped him with the previous transaction earlier in the day

Answers

You will decline for the reasons listed in Options A,B, C.

The daily limit for a single individual, per 24 hours, for money order transactions, is $2,500.The maximum dollar limit/face value per money order is $500.Customers must always present a valid ID to purchase a money order.

This is further explained below.

Why must you decline the offers?

Generally, Option 1: In this case, the consumer bought $2500 worth of money orders in the morning and returned the following day to buy another $700 worth of money orders. Therefore, if the daily limit for a single person per 24 hours for money order transactions is $2500, the transaction may be declined.

The consumer prefers choice 2 and wishes to buy a $700 money order. However, if a money order's face value or maximum amount limit is $500, the transaction may be rejected.

In conclusion, Option 3: In this case, the consumer was missing a legitimate ID. if the consumer must always provide a proper ID to acquire a money order, the transaction might be rejected.

Answers

Answer:

The percentage will be "21.48%".

Explanation:

The given values are:

Initial price,

= $71per share

Paid dividend,

= $1.25 per share

Ending share price,

= $85

Now,

The total return will be:

= $\frac{(Ending \ price - Initial \ price + Received \ dividend)}{Initial \ price}$

On substituting the values, we get

= $\frac{(85 - 71 + 1.25)}{71}$

= $\frac{15.25}{71}$

= $21.48 \ percent$

You are a CEO of a tech company in California and you will be presenting to a group of technology professionals in a country of your choice; prepare a short audience profile of your audience and their needs. Conduct research to learn about your country and expectations of your audience in that country.

Answers

Answer:

The audience will be professional from various tech companies and organization that uses technology.

Explanation:

The audience will be IT experts from various organization who will have detailed knowledge of technological advancements in the world. As a CEO, I should have deep and extensive knowledge about the technology and should be able to answer the questions raised by the audience.

Type the correct answer in the box. Spell all words correctly.
What is the repercussion of excessive tax withholding?
If you withhold excessive tax, you will receive a
when you file your taxes the following year.

Answers

The repercussion of excessive tax withholding is that the tax payable will remain unpaid.

What is excessive tax withholding?

A tax withholding means the amount of income tax that employer withholds from its employee's income to the payment of tax in government coffers in the employee's name

In conclusion, the repercussion of excessive tax withholding is that the tax payable will remain unpaid.

Answers

The answer is true. Through a presentation, a speaker imparts knowledge to an audience. The typical goals of a presentation are to inform, persuade, inspire, motivate, foster goodwill, or propose a novel concept or service.

Speeches, introductions, lectures, and demonstrations are all examples of presentations. Divide your audience into these three categories to better focus your message: You must include an introduction, a body, and a conclusion in audience presentation. An intriguing start. Explain why your audience will find what you're about to talk about in your introduction valuable or important while providing a brief summary of it. Give the supporting information in a body.

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How does the ipencil film explain the economics concepts of rational behavior and economic self intrest

Answers

The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.

What do you know about iPencil film?

iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.

So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.

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Which financing method would be ideal for funding long term investments?

Answers

Answer:

Bank loans

Share issues

Hire purchase.

Retained profits.

Explanation:

Hope i helped u have a nice day carry on learning...

Because health and safety are important in all workplaces, not just hazardous ones, what working conditions must ALL employers provide at the workplace?

A fire extinguishers and a safety ladder
B hardhats and reflective vests
C drinking water and a clean restroom
D safety goggles and a first aid kit

Answers

Drinking water is essential for employees to stay hydrated throughout the workday and maintain their overall well-being. Option C

All employers, regardless of the nature of the workplace, have a responsibility to provide certain basic working conditions to ensure the health and safety of their employees. These conditions include access to drinking water and a clean restroom.

Drinking water is essential for employees to stay hydrated throughout the workday and maintain their overall well-being. It helps prevent dehydration, which can lead to fatigue, decreased productivity, and other health issues.

Additionally, a clean restroom is necessary to maintain hygiene and sanitation standards in the workplace. Proper sanitation facilities are essential for employees' health and well-being. Clean restrooms help prevent the spread of diseases, promote good hygiene practices, and provide a comfortable and dignified environment for employees.

While items like fire extinguishers, safety ladders, hardhats, reflective vests, safety goggles, and first aid kits may be required in certain workplaces based on specific hazards, drinking water and a clean restroom are fundamental provisions that all employers should provide regardless of the nature of work.

Option C.

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A hospital originally recorded all patient services it provided as a $500,000 debit to accounts receivable. Upon review the hospital determined that a contractual adjustment of $200,000 needs to be made, and estimated bad debts of $5,000 need to be recorded. In addition, at the time the receivable was recorded the hospital did not realize $100,000 should be considered charity services. Based on the information provided, what is the net amount of accounts receivable that the hospital would report on its financial statements?

Answers

—————-
$205000
Subtracting 200,000 for contractual adjustments, subtract another 100,000 for charity
Add 5,000 for bad debts

According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?

Answers

The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.

Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:

Evaluation of the Night-light Data Method:

Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.

Reasons for Differences between Traditional Expenditure Approach and Night-light Data:

Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.

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Starting a new business as a sole proprietorship
O requires retaining the services of an attorney.
O is very similar to starting a business as a corporation.
O is usually simpler and less expensive than starting other forms of ownership.
O is simple, but the proprietorship fee is very expensive in some provinces.

Answers

Third one - simpler and less expensive

Black Ltd makes these products and is reviewing the profitability of its product line. You are given the following budgeted data about the firm for the coming year.
Product Sales (i.e units)
A
100,000
B
120,000
C
80,000

(Sh.)
(Sh.)
(Sh.)

Revenue
1,500,000
1,440,000
880,000

Costs:

Material
500,000
480,000
240,000

Labour
400,000
320,000
160,000

Overhead
650,000
600,000
360,000

1,550,000
1,400,000
760,000

Profit
(50,000)
40,000
120,000

The company is concerned about the loss on product A. It is considering ceasing occasion product of it and switching the spare capacity of 100 000 units to Product C.
You are told:
All products are sold.
25% of the labour cost for each product is fixed in nature.
Fixed administration overheads of Sh.900,600 in total have apportioned to each product on the basis of units sold and included in the overhead costs above. All other overhead costs are variable in nature
Ceasing production of product, A would eliminate the fixed labour charge associated with it and one-sixth of the fixed administration overhead apportioned in product A.
Increasing the production of product C by 100,000 units would mean that the fixed labour costs associated with product C would double the variable labour cost would rise by 20% and its selling price would have to be decreased by Sh.1.50 in order achieve the increased sales.
Required.
Prepare a marginal cost statement for a unit of each product on the basis of:
The original budget.
If product A is deleted.
Prepare a statement showing the total contra…… and profit for each product group on the basis of:
The original budget.
If product A is deleted.
Using your results from (a) and (b) advise whether product A should be deleted from the product range giving reasons for your decision.

Answers

Answer:

(a) Marginal Cost Statement:

Product A:

Revenue: Sh.15.00

Material: Sh.5.00

Labour: (25% of Sh.4.00) Sh.1.00

Variable Overhead: (50% of Sh.6.50) Sh.3.25

Total Variable Cost: Sh.9.25

Contribution Margin: Sh.5.75

Product B:

Revenue: Sh.12.00

Material: Sh.4.00

Labour: (25% of Sh.3.20) Sh.0.80

Variable Overhead: (50% of Sh.6.00) Sh.3.00

Total Variable Cost: Sh.7.80

Contribution Margin: Sh.4.20

Product C:

Revenue: Sh.11.00

Material: Sh.3.00

Labour: (25% of Sh.2.00) Sh.0.50

Variable Overhead: (50% of Sh.3.60) Sh.1.80

Total Variable Cost: Sh.5.30

Contribution Margin: Sh.5.70

(b) Total Contribution and Profit Statement:

Original Budget:

Product A:

Contribution: (Sh.5.75 x 100,000 units) = Sh.575,000

Fixed Overhead: (1/6 x Sh.150,100) = Sh.25,017

Profit: (Sh.575,000 - Sh.500,000 - Sh.400,000 - Sh.625,000 - Sh.25,017) = (Sh.950,017)

Product B:

Contribution: (Sh.4.20 x 120,000 units) = Sh.504,000

Fixed Overhead: (1/3 x Sh.900,600) = Sh.300,200

Profit: (Sh.504,000 - Sh.480,000 - Sh.384,000 - Sh.600,000 - Sh.300,200) = (Sh.260,200)

Product C:

Contribution: (Sh.5.70 x 80,000 units) = Sh.456,000

Fixed Overhead: (1/4 x Sh.900,600) = Sh.225,150

Profit: (Sh.456,000 - Sh.240,000 - Sh.200,000 - Sh.360,000 - Sh.225,150) = (Sh.569,150)

If Product A is deleted:

Product B:

Contribution: (Sh.4.20 x 120,000 units) = Sh.504,000

Fixed Overhead: (1/2 x Sh.900,600) = Sh.450,300

Profit: (Sh.504,000 - Sh.480,000 - Sh.384,000 - Sh.600,000 - Sh.450,300) = (Sh.510,300)

Product C:

Contribution: (Sh.5.70 x 180,000 units) = Sh.1,026,000

Fixed Overhead: (1/3 x Sh.900,600) = Sh.300,200

Profit: (Sh.1,026,000 - Sh.360,000 - Sh.320,000 - Sh.720,000 - Sh.300,200) = (Sh.325,800)

Based on the above calculations, it is advisable to delete Product A from the product range. This is because the company is making a loss of Sh.950,017 on Product A, which is greater than the total profit made on the other two products (i.e., Sh.829,350). Moreover, increasing

Explanation:

Interventions strategies to reduce or prevent restrictions or barriers

Answers

Answer:

Intervention strategies to reduce restrictions or barriers can be implemented in various settings, such as healthcare, education, and workplaces, to promote accessibility and inclusivity. Some effective intervention strategies include:

1. Providing accommodations: Individuals with disabilities or other special needs may require specific accommodations to access certain environments or services. These accommodations can include physical modifications, assistive technology, or alternative communication methods. By providing these accommodations, restrictions and barriers can be reduced, allowing for greater participation and inclusion.

2. Educating stakeholders: Educating stakeholders, such as employers, educators, or healthcare providers, on disability awareness and inclusion can help to reduce biases and stereotypes that may contribute to restrictions and barriers. Training programs or workshops can help to increase understanding and empathy, ultimately leading to more inclusive practices.

3. Collaboration and consultation: Collaborating with individuals with disabilities or other stakeholders to identify and address barriers can be a powerful tool in reducing restrictions. By consulting those who are directly affected, solutions can be tailored to meet their specific needs, ultimately promoting greater accessibility and inclusion.

4. Policy and legislation: Policies and legislation that promote accessibility and inclusion can help to reduce restrictions and barriers on a systemic level. For example, the Americans with Disabilities Act (ADA) requires certain accommodations to be made in public spaces, promoting accessibility for individuals with disabilities.

Overall, implementing intervention strategies that reduce restrictions and barriers can help to promote greater accessibility and inclusion in various settings. By providing accommodations, educating stakeholders, collaborating with individuals with disabilities, and promoting policies and legislation, we can work towards creating a more inclusive and accessible society for all.

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Explanation:

name 4 challenges of the market environment

Answers

Explanation:

Challenge 1: Changes in how buyers buy.

Challenge 2: Competition.

Challenge 3: Need for top talent.

Challenge 4: Competing on price only.

Answer:

Karen's (lol).

Fraud (of any kind really).

Budgets.

Hiring.

Arizona Food Supplies Corporation is considering an expansion to a new market. The expansion will cost $400,000 for new assets, another $25,000 for shipping and delivery costs, and another $70,000 for installation costs. In addition, $150,000 in net working capital will be needed immediately. Compute the net investment. a. $645,000 b. $745,000 c. $845,000 d. $545,000

Answers

Answer:

a. $645,000

Explanation:

Computation for the net investment

Using this formula

Net investment=New assets+ shipping and delivery costs, Installation costs+Net working capital

Let plug in the formula

Net investment=$400,000+ $25,000+$70,000+$150,000

Net investment=$645,000

Therefore the Net investment is $645,000

Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.

Answers

Answer:

this is my own answer

Explanation:

How to Prepare a Comparative Income Statement?

Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.

Step 2: Calculate the absolute change in the items mentioned in the income statement.

The index used to measure inflation is the a. consumer price index. b. producer price index. c. wholesale price index. d. GDP deflator.

Answers

Answer:

Explanation:

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7. The statement says that you've triggered the Penalty APR so that it has now increased to 28.99%. What action
triggered this?
a. You paid your last bill online in full by the due date.
b. You paid only the minimum payment by the due date.
You failed to pay the minimum payment by the due date.
d. You failed to pay your late payment fee.
C.

Answers

Answer:

The statement says that you've triggered the Penalty APR so that it has now increased to 28.99%. What action triggered this?

You failed to pay the minimum payment by the due date.

Explanation:

The Penalty APR is triggered when a cardholder pays late. The credit card issuer will assume the additional risk that may result if the cardholder fails to pay at all. The purposes of Penalty APRs are to offset the high credit risks involved and to encourage cardholders to make their payments on time. This also why APRs are usually high. Lenders or credit card issuers then charge high interest rates to compensate for the risks.

Action that can trigger a statement that "you've triggered the Penalty APR so that it has now increased to 28.99%." C:You failed to pay the minimum payment by the due date.

A penalty APR is a rate can be triggered as a result of failure to pay your bill on time. It can be in way whereby penalty APR that's higher than ones card's regular rate can be charged even in transaction that will comes up in the future.

When one failed to pay the minimum payment by the due date, then it would trigger Penalty APR.

Therefore, option C is correct.

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A Student table and an Address table contain one linked record. What kind of table relationship do these tables
demonstrate?
a. one-to-one
b. one-to-many
c. many-to-many
d. many-to-none

Answers

A.

I not sure though

Answer:

A.)

Explanation:

hope this helps

Annual demand for an item is 35,000 units. The holding cost rate is 15% of the item cost. Ordering costs are $25 per order. Quantity discounts are available according to the schedule below:

Quantity Price per Unit ($)
1-99 80.00
100-299 79.50
300-399 79.25
400+ 79.00

Requried:
a. What is the optimal order quantity? If necessary, round to the nearest whole number.
b. From the previous problem, what is the total annual cost of your policy?

Answers

Answer:

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Interest rates on credit cards?

Answers

Answer: The interest rate on credit card is the amount of money that the bank charges for a specified period of time

Explanation: The interest comes along in your bill every month and varies on the amount of purchases that you have made in a monthm

McDonald's is a major company in the restaurant business

Answers

If the question is tru or false then true

If money income increases, which of the following is likely to happen (ceteris paribus)?

A.) Qd increases

B.) Demand for substitute goods increases

C.) Demand for inferior goods increases

D.) Demand for normal goods increases

Answers

An increase in money income increases will therefore cause Demand for normal goods increases

That is to say, For a normal economic goods, an increase or rise in income will make consumers demand and buy a greater quantity of goods.

For better understanding, lets explain the income effect

Income effect is simply known as that change that occurs in consuming of a commodity due to an increase in purchasing power, with relative prices stay fixed.In normal good, an increase in demand of goods as a result of an increase or a rise in consumers' income. That is when waged increases, the demand for normal goods increases and vice versa.

From the above, we can therefore say that the answer An increase in money income increases will therefore cause Demand for normal goods increases

That is to say, For a normal economic goods, an increase or rise in income will make consumers demand and buy a greater quantity of goods, is correct

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1.) What are are the advantages and disadvantages of teams?
Discussion Question( Managing Teams)

Answers

Some advantages is that everyone has different strengths that can be used to build a better team. Some weaknesses are that not all team members get along and some don’t want to do the work.

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Kenya is enrolled in 14 credit hours this semester. Using the 2:1 rule, how many hours will she spend total on college schoolwork in class and on her own?
A. 7
B. 21
C. 28
D. 42

Answers

7 hours will she spend total on college schoolwork in class and on her own. Calculator for Credit Hours For a conventional 14-week course, each credit hour equates to at least 3 hours of weekly student involvement and to 6 hours for a 7-week course.

Discussions, lectures, readings, assignments, and research can all be done during this period. The amount of credit a student receives for successfully completing one contact hour and two preparation hours per week for a college semester is known as a semester credit hour (SCH). Regardless of the length of the course, one semester hour is equal to 15–16 contact hours.

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Elana has opened a new aerobics studio in her area. How might Elana use social media as a market to spread the word about her new studio?

Answers

Elana can use social media as a marketplace to promote her new studio in a variety of ways such as:

Creating social media adsCreating valuable content for your target audienceStrengthening the relationship with your consumersHow does social media help a business grow?

Social networks are easy-to-use and inexpensive platforms for sharing ideas, advertising, etc. It is a medium where potential consumers can be found who can engage with valuable content posted by a company and be interested in it.

Therefore, social media can help Elana develop her business through direct advertising and reaching a wider audience.

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What types of people make up a persons personal network

Answers

A personal network is a set of human contacts known to an individual, with whom that individual would expect to interact at intervals to support a given set of activities.

The £1,000 face value EFG bond has a coupon of 10% (paid semi-annually), matures in 4 years, and has current price of £1,140. What is the EFG bond's yield to maturity?

I need step by step calculation

Answers

The approximate yield to maturity (YTM) of the EFG bond is 4.28%.

To calculate the yield to maturity (YTM) of the EFG bond we can use the formula: $\[P = \sum_{t=1}^{2n} \frac{C}{(1 + i/2)^t} + \frac{FV}{(1 + i/2)^{2n}}\]$

P is the current price of the bondC is the semi-annual coupon paymenti is the YTM of the bondn is the number of years till maturityFV is the face value of the bond

Face value of the bond, FV = £1,000

Coupon rate of the bond, r = 10%

Semi-annual coupon payment, C = $\frac{r}{2}$ = 5%

Maturity period of the bond, n = 4 years

Current price of the bond, P = £1,140

We know that the YTM of a bond is the interest rate at which the present value of future cash flows equals the current price of the bond.

Putting the given values in the formula, we have:

$\[£1,140 = \sum_{t=1}^{8} \frac{50}{(1 + \frac{i}{2})^t} + \frac{1,000}{(1 + \frac{i}{2})^8}\]$

We can solve this equation using the trial and error method or financial calculators.

By performing iterations, we find that the approximate YTM of the bond is 4.28%.

Therefore, the yield to maturity of the EFG bond is approximately 4.28%.

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Once her teams goals were set Alyssa asked each team member to come up with a(n)____ to reach her goals.

Answers

Once her team's goals were set Alyssa asked each team member to come up with a(n) action plan to reach her goals.

What is an Action Plan?

This refers to the document that shows the list of steps that should be taken by a person in order to achieve or actualize their goals in a methodical manner.

Hence, we can see that based on the fact that the team goals have been set, Alyssa asked her team to form an action plan which was to help them achieve her goals and shows the list of actions and steps to be taken.