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Journal Entries for Fair Value and Equity Methods Presented below are two independent situations.? Situation 1?Hatcher Cosmetics acquired 10% of the 200,000 shares of common stock of Ramirez Fashion at a total cost of $14 per share on March 18, 2010. On June 30, Ramirez declared and paid a $75,000 cash dividend. On December 31, Ramirez reported net income of $122,000 for the year. At December 31, the market price of Ramirez Fashion was $15 per share. The securities are classified as available-for-sale. Situation 2?Holmes, Inc. obtained significant influence over Nadal Corporation by buying 25% of Nadal’s 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2010. On June 15, Nadal declared and paid a cash dividend of $36,000. On December 31, Nadal reported a net income of $85,000 for the year. Question: Prepare all necessary journal entries in 2010 for both situations.
Product Y sales were $40,000 and its variable expenses were $9,850. The company's fixed expenses were $48,310. What is the company's overall break-even point?
The original cost of the first machine was $200,000 and the original cost of the second was $140,000. The firm’s tax rate is 40%. Compute net investment for this project.
The difference may be in the ability to conceal it. So, illustrate what unique ways of concealing cheating exist in the online classroom which may not exist in a traditional classroom?
Compute the minimum transfer price as well as indicate whether the internal transfer must occur for each of the following- Show your computations to receive credit for your answers
Compute the current ratio, the debt to equity ratio, and return on sales ratio. Seventy-five percent of liabilities are current. Of the current liabilities, 80% percent is accounts payable.
Perform horizontal financial analysis
What is break-even point in units for the company? What is the dollar sales volume the firm must achieve in order to reach the break-even point?
ClearOne had stuffed inventory costing approximately $11.5 million into the distribution channel. On the basis of that assertion, what was the approximate amount of its alleged revenue overstatement by the end of 2002?
Assume that Henderson also needs to increase its level of inventory to support new sales and that inventory turnover is two times. What would be the total incremental investment in accounts receivable and inventory to support a $65,000 increase in s..
Multiple Choice Questions-Amortization and valuation of intangibles - How should research and development costs be accounted for, according to a Financial Accounting Standards Board Statement?
determine the best method to allocate $1,000,000 of common costs (secretarial staff, reception personnel etc), either by salary or number of employees.
The market expected rate of return is 8% and the risk-free rate is 5%. Determine alpha of the stock
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