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Atlarge Inc. owns 30% of the outstanding voting common stock of Ticker Co. and has the ability to significantly influence the investee's operations and decision making. On January 1, 2013, the balance in the Investment in Ticker Co. account was $402,000. Amortization associated with the purchase of this investment is $8,000 per year. During 2013, Ticker earned income of $108,000 and paid cash dividends of $36,000. Previously in 2012, Ticker had sold inventory costing $28,000 to Atlarge for $48,000. All but 25% of this merchandise was consumed by Atlarge during 2012. The remainder was used during the first few weeks of 2013. Additional sales were made to Atlarge in 2013; inventory costing $33,600 was transferred at a price of $60,000. Of this total, 40% was not consumed until 2014.
What was the balance in the Investment in Ticker Co. account at the end of 2013?
Distinguish between extrinsic and intrinsic rewards and explain and provide examples for the four building blocks of intrinsic rewards and motivation. How does your organization motivate and reward their employees? Please provide examples to support ..
Advise the Board of Directors as to which of the three approaches to measuring performance is best for the organisation Cost Centre management
Calaf’s Drillers erects and places into service an off-shore oil platform on January 1, 2015, at a cost of $10,366,000. Calaf is legally required to dismantle and remove the platform at the end of its useful life in 10 years. Calaf estimates it will ..
Prepare a net operating loss schedule. Prepare the journal entries for the years 2013-2015 to record income tax expense, income tax payable (refundable), and the tax effects of the loss carry back and loss carry forward.
1 a compound known to be a pain reliever had the empirical formula c9h8o4. when a mixture of 5.02 mg of the unknown and
How would you estimate the additional dollar cost of each additional salesperson? Based on your company's past sales experience, how would you estimate the expected net revenue generated by an additional salesperson? (Be specific about the informatio..
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Using the contribution margin approach, find the contribution margin ratio for Consumer Products if the selling price per unit is $15, the variable cost per unit is $7.50, and the fixed costs are $8,000.
Madlem, Inc., produces and sells a single product whose selling price is $240.00 per unit and whose variable expense is $86.40 per unit. The company's fixed expense is $720,384 per month.
The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 10 percent return on the investmen..
On December 28, 2012 Piedmont Supply Co. ships $155,000 of merchandise by common carrier to the Maxwell Company. The terms of the sale are 3/15, n/45, FOB destination. It takes 5 days for the merchandise to arrive at Maxwell Company. Both Piedmont Su..
Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2014: Started the business by issuing common stock for $7,920 cash. Schumacher Company uses the perpetual inventory system, and it engaged in ..
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