Premium Essay

Answes

In: Other Topics

Submitted By peter1234567
Words 1057
Pages 5
Answers to Problems 1. D 2. B 3. C 4. B 5. D 6. A Acquisition price $1,600,000 Equity income ($560,000 × 40%) 224,000 Dividends (50,000 shares × $2.00) (100,000) Investment in Harrison Corporation as of December 31 $1,724,000 7. A Acquisition price $700,000 Income accruals: 2014—$170,000 × 20% 34,000 2015—$210,000 × 20% 42,000 Amortization (see below): 2014 (10,000) Amortization: 2015 (10,000) Dividends: 2014—$70,000 × 20% (14,000) 2015—$70,000 × 20% (14,000) Investment in Martes, December 31, 2015 $728,000 Acquisition price of Martes $700,000 Acquired net assets (book value) ($3,000,000 × 20%) (600,000) Excess cost over book value to patent $100,000 Annual amortization (10 year remaining life) $10,000 8. B Purchase price of Johnson stock $500,000 Book value of Johnson ($900,000 × 40%) (360,000) Cost in excess of book value $140,000 Remaining Annual Payment identified with undervalued life amortization Building ($140,000 × 40%) 56,000 7 yrs. $8,000 Trademark ($210,000 × 40%) 84,000 10 yrs. 8,400 Total $ -0- $16,400

Investment purchase price $500,000 Basic income accrual ($90,000 × 40%) 36,000 Amortization (above) (16,400) Dividends declared ($30,000 × 40%) (12,000) Investment in Johnson $507,600 9. D The 2014 purchase is reported using the equity method. Purchase price of Evan stock $600,000 Book value of Evan stock ($1,200,000 × 40%)

Similar Documents

Premium Essay

Mine

...ers / business / finance / question 1 (1 point) thomas train has collected ... Question [pic] Report abuse   Question 1 (1 point) [pic] Thomas Train has collected the following information over the last six months. |Month |Units produced |Total costs | |March |10,000 |$25,600 | |April |12,000 |26,200 | |May |18,800 |27,600 | |June |13,000 |26,450 | |July |12,000 |26,000 | |August |15,000 |26,500 | Using the high-low method, what is the variable cost per unit? Your Answer:Question 1 options: | | |Answer | Question 2 (1 point) [pic] Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: | | |Answer | Question 3 (1 point) [pic] A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a Question 3 options: | |mixed cost | | |step cost | | |variable cost | | |fixed cost | Question 4 (1 point) [pic] Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $195,300, how many dollars of revenue must the company generate in order to reach the...

Words: 957 - Pages: 4

Premium Essay

Discrete Math

...Coal is a fossil fuel like oil and gas. Fossil fuels are all formed out of organic matter deposited, decomposed and compressed, storing all the carbon involved under the earth's surface for millions of years.  Some of the advantages of coal are -  * Easily combustible, and burns at low temperatures, making coal-fired boilers cheaper and simpler than many others * Widely and easily distributed all over the world; * Comparatively inexpensive to buy on the open market due to large reserves and easy accessibility * Good availability for much of the world (i.e. coal is found many more places than other fossil fuels) * Most coal is rather simple to mine, making it by far the least expensive fossil fuel to actually obtain * Coal-powered generation scales well, making it economically possible to build a wide variety of sizes of generation plants. * A fossil-fuelled power station can be built almost anywhere, so long as you can get large quantities of fuel to it. Most coal fired power stations have dedicated rail links to supply the coal. However, the important issue as of now is whether there are more advantages than disadvantages of fossil fuels like coal!  Some disadvantages of coal are that -  * it is Non-renewable and fast depleting; * Coal has the lowest energy density of any fossil fuel - that is, it produces the least energy per ton of fuel * It also has the lowest energy density per unit volume, meaning that the amount of energy...

Words: 1142 - Pages: 5

Free Essay

Project

...Presentation [pic] MAXIMISING BUSINESS POTENTIAL By Rachel McLean The Problem • The potential to generate higher revenue is not being maximised with the resources currently available. • This has an impact on the expectations of all those not only involved in its day to day running, but also the share- holders and stakeholders of the business. Our stakeholders - those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends – this includes customers (service users), share-holders and suppliers as well as our staff (Laurie J. Mullins, 2010). Our stakeholders are demonstrated by the model below [pic] Underuse of beds |Jan |Feb |Mar |April |May |June |July |Aug |Sep |Oct |Nov |Dec | |Available |68 |68 |68 |68 |68 |68 |68 |68 |68 |68 |68 |68 | |Target 95% |65 |65 |65 |65 |65 |65 |65 |65 |65 |65 |65 |65 | |Actual |61 |64 |62 |62 |62 |62 |62 |61 |60 |60 |60 |61 | |Actual % |89.71 |94.12 |91.18 |91.18 |91.18 |91.18 |91.18 |89.71 |88.24 |88.24 |88.24 |89.71 | | • Average monthly number of occupied beds = 61.42 • Average number of empty beds (against target) = 3.58 week • Average number of empty beds (against available) = 6.58 week Based on weekly fees (currently) at £850, lost revenue for 2013 (based on average number of empty beds against actual no. of beds) = £290,836...

Words: 1317 - Pages: 6

Premium Essay

Real Estate Finance Midterm Keller

...1. | Question : | (TCO A) Real estate is an appropriate investment vehicle for ______________________________ . | |   | Student Answer: | |  individuals, but not for institutions such as pension funds and life insurance companies |   | | |  institutions such as pension funds and life insurance companies, but not for individuals |   | | |  individuals and institutions, depending upon their time horizons and investment goals |   | | |  investors in debt instruments but not for investors in equity instruments |   | Instructor Explanation: C is the correct answer | Chapter 1 - page 6-7 | | |   | Points Received: | 5 of 5 |   | Comments: | | | |  2. | Question : | (TCO A) Which of the following is least likely to increase the efficiency of real estate markets? | |   | Student Answer: | |  More stringent education and training requirements for licensing as a real estate broker |   | | |  More readily available (and less expensive) computers and computer programs |   | | |  More standardization of transaction procedures and documentation |   | | |  More readily available public information on transaction prices and terms |   | Instructor Explanation: A is the correct answer | Chapter 2 - page 41-43 | | |   | Points Received: | 0 of 5 |   | Comments: | | | |  3. | Question : | (TCO A) In traditional city patterns, the highest land use density is found in _____________ , | |   | Student Answer: | |  office...

Words: 1658 - Pages: 7

Free Essay

Biomed

...Smith Family Tree: Background information [pic] By: Sidney O’Neil Judy Smith: □ Age: 42 □ Married to James Smith Medical Interventions: □ Vaccinations □ While pregnant Judy had routine ultrasounds and amniocentesis but refused other testing. □ Amniocentesis during her 16th week of pregnancy □ Chromosomal analysis of baby’s genes (karyotype) □ Regular weight, blood pressure, and glucose checks during pregnancy □ uses a marker analysis to find out if she has and inherited altered genes that cause breast cancer (BRCA2 mutation) □ Routine cancer screenings Other Information: □ Blood type; O+ □ Slightly over weight □ Walks 2 miles every day □ works as a dental hygienist □ Vigilant about proper parental care □ at risk of developing breast cancer □ Had blood tested to be a possible donor for Diana Jones (sister) James Smith: □ Age: 41 □ Married to Judy Smith Medical History: □ Vaccines □ Routines cancer screenings Medical interventions: □ None Sue Smith: □ Age: 18 □ Daughter of James and Judy smith □ Sister to Mike and Carter Smith Medical History: □ Mild asthma □ Broken ankle (age 11) □ Bacterial meningitis (neisseria meningitis bacterial infection) Medical Interventions: □ Had infant vaccines □ Diagnostic test...

Words: 1566 - Pages: 7

Free Essay

Literature

...Question number 1 (a) (b) (i) Answer total internal reflection prism drawn in correct orientation (by eye) Accept TIR Notes Marks 1 1 1 Accept a freehand sketch of the triangular prism Size of prism unimportant, e.g. can fill the entire square, but horizontal and vertical edges must be drawn correct reflection of rays (by eye): (ii) Accept freehand sketch Accept correct external reflection e.g. reflection as shown below gets 1 mark for 1(b)(ii) despite the error in the 1(b)(i) response Total 3 Page No.: 3 Raiman Academy www.raimanacademy.com Enjoy learning @ Raiman Academy Question number 2 (a) (i) B- 2 cm Answer Notes Marks 1 (ii) (b) C- 8 cm Idea that in a transverse wave the direction of vibration is perpendicular to the direction of the wave; (May be shown with labels on the diagram) Idea that longitudinal wave the direction of vibration is parallel to the direction of the wave; (May be shown with labels on the diagram) A named freehand sketch of either wave indicating the two directions; e.g. Allow (for vibration) oscillation / displacement / disturbance (for direction of wave) direction of travel / energy / transfer (for perpendicular) at right angles, is ⊥ to (for parallel) the same as, // the minimum labeliing is to name of the type of wave they have drawn. Allow sine waves with appropriate arrows Allow diagrams indicating compression and rarefaction e.g. in a spring transverse Allow for 1 mark (but only if other mark...

Words: 1883 - Pages: 8

Premium Essay

Hotel Fragnance

...Audit QUESTIONS 1.1 Change Management 1. An organization's management perceives the need to make significant changes. Which of the following factors is management least likely to be able to change? A. The organization's members. B. The organization's structure. C. The organization's environment. D. The organization's technology. Answer (C) is correct. REQUIRED: The factor management is least likely to be able to change. DISCUSSION: The environment of an organization consists of external forces outside its direct control that may affect its performance. These forces include competitors, suppliers, customers, regulators, climate, culture, pol technological change, and many other factors. The members are a factor that managers are clearly Answe~(A) is incorrect. factor that managers are incorrect. The organiz I are clearly able to change. organization's technology' able to change. 2. Lack of skills, threats to job status or security, and fear of failure all have been identified as reasons that employees often A. Want to change the culture of their organization. B. Are dissatisfied with the structure of their organization. . C. Are unable to perform their jobs. D. Resist organizational change. Lack of skills, threats to job status or re inhibit changes in the culture of the (8) is incorrect. Lack of skills, threats to job status . rity, and fear of failure are not symptoms of dissatistacjion with the structure of the organization. Answer (C) is iORprret1. Lack of skills, threats...

Words: 4367 - Pages: 18

Premium Essay

Nts Book for Gat Test

...ESTBuilding Standards in Educational and Professional Testing National Testing Service Pakistan (Building Standards in Educational & Professional Testing) Email: correspondence@nts.org.pk Logon to: www.nts.org.pk for more information National Testing Service Pakistan Overseas Scholarship Scheme for PhD Studies Building Standards in Educational and Professional Testing PATTERNS AND PRACTICE National Testing Service Pakistan Overseas Scholarship Scheme for PhD Studies Building Standards in Educational and Professional Testing 2 Quantitative Ability The Quantitative section measures your basic mathematical skills, understanding of elementary mathematical concepts, and the ability to reason quantitatively and solve problems in a quantitative setting. There is a balance of questions requiring basic knowledge of arithmetic, algebra, geometry, and data analysis. These are essential content areas usually studied at the high school level. The questions in the quantitative section can also be from • • • Di screte Quanti tative Questi on Quanti tative Compari son Questi on Data Interpretati on Questi on etc. The distribution in this guide is only to facilitate the candidates. This distribution is not a part of test template, so, a test may contain all the questions of one format or may have a random number of questions of different formats. This chapter is divided into 4 major sections. The first discusses the syllabus /contents in each section of...

Words: 18464 - Pages: 74

Premium Essay

Nts Book

...Building Standards in Educational and Professional Testing National Testing Service Pakistan (Building Standards in Educational & Professional Testing) Email: correspondence@nts.org.pk Logon to: www.nts.org.pk for more information National Testing Service Pakistan Overseas Scholarship Scheme for PhD Studies Building Standards in Educational and Professional Testing PATTERNS AND PRACTICE National Testing Service Pakistan Overseas Scholarship Scheme for PhD Studies Building Standards in Educational and Professional Testing 2 Quantitative Ability The Quantitative section measures your basic mathematical skills, understanding of elementary mathematical concepts, and the ability to reason quantitatively and solve problems in a quantitative setting. There is a balance of questions requiring basic knowledge of arithmetic, algebra, geometry, and data analysis. These are essential content areas usually studied at the high school level. The questions in the quantitative section can also be from • • • Di screte Quanti tative Questi on Quanti tative Compari son Questi on Data Interpretati on Questi on etc. The distribution in this guide is only to facilitate the candidates. This distribution is not a part of test template, so, a test may contain all the questions of one format or may have a random number of questions of different formats. This chapter is divided into 4 major sections. The first discusses the syllabus /contents in each section of the...

Words: 18464 - Pages: 74

Free Essay

Science of Bullshit

...~L\r..9rzG~ ~ <3Re.~...:)l3-A\ ,0:;J.2><:;' \--\~T~ ..... ) 1 h:~ ~.; ~< - \~~4- ;:::. :~ t.f; ~:J :i~ gJ ,;(' t \j' ~}~ '_ I Levels of culture 11th juror: (rising) 'I beg pardon, in discussing ... 10th juror: (inlerrupting and mimicking) 'I beg pardon. What are you so goddam polite about?' 11th juror: (looking s- raight at the 10th juror) 'For the same reason you're not. t It's the way I was brought up.' From Reginald Rose, Twelve Angry Men .;."" ' , ' , ·· ~.t,:' . '~ ,r ' ?,./ ......~ ~ i "·~:,>~i ;¥ '. .' I.' '=..,. :I....... Cl'~ .~ ';-;X•. .; ~ ::;~·r : ';f1 ~i-.:~ ;,;-" "~fS'::, ':~i , ~ " ;;: ~:~~ ~.~-~ : f ( f' 1-' : ::;'._, :: ::~!'~' • ~. ") "'{.~,:,~fr~;.f~- :: JHfffl t:;t~t~: ie-lD .ti'l~r~~" .~·~': ~ ~, :~··~ ·; ~.':l ;>~~~~ '<}{~ID:.) ~l4) JLu} r;: .bg,((! \ .,; ,:.. · ..·;~\~i':};,' ::ij 1:;-h .f.;t!£ .,i-:::;"} ~.) :i/;.~-:\: .• ~ ':rJ~) ~)>1~J lt tJ( . :-.r~r~~ ',:" " "--.Lt.~·"·1qI)O:· . bl1t~IJi-~b ;;_: ,:, ,"'"'" :'n:,~:.:n;~;:i~' ,. ~. If }.- i~~]~:·::-'nin:~.:' ,iWitl, !ic'q re, ,'1.Q_it;,n~rwv) ;j;,/ , 'ho.qqii2 <5/~jh:::,~,,: ; - ,;'l;jl)(: - , ,?:;-'; . n:J:Ai~r<, ;;':",' Twelve Angry Men is an American theatre piece which became a famous motion picture, starring Henry Fonda. The play was written in 1955'. The -scene consists of the jury room of a 'New York court of law. Twelve jury members. who have never met before have to decide ~,.manimously on the guilt or innocence of a boy from a slum area, accused of murder...

Words: 8895 - Pages: 36

Premium Essay

Managerial Accounting

...wiL1084x_fm_i-xxiv_1.indd Page i 1/10/11 7:53:00 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 Managerial Accounting John J. Wild University of Wisconsin at Madison Ken W. Shaw University of Missouri at Columbia 3 rd edition wiL1084x_fm_i-xxiv_1.indd Page ii 1/10/11 9:14:31 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 To my students and family, especially Kimberly, Jonathan, Stephanie, and Trevor. To my wife Linda and children, Erin, Emily, and Jacob. MANAGERIAL ACCOUNTING Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright 2012, 2010, 2007 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2 1 ISBN 978-0-07-811084-9 MHID 0-07-811084-X Vice president and editor-in-chief: Brent Gordon Editorial director: Stewart Mattson Publisher: Tim...

Words: 10500 - Pages: 42

Free Essay

????

...Writing Essoy for Tests English Gobi Duigu @ Gabi Duigu 2002 All rightsreserved Revised and reprinted2003 Published AcademicEnglishPress by 9/13 ArmstrongStreet NS\f 2062 Cammeray Australia P h : 0 2 9 4 3 76 3 3 0 edu.au email: g.duigu@unsw. Distributed by: Melting Pot Press 10 Grafton Street NS\W2008 Chippendale Australia Ph: (61) 29212 1882 Fax:02 9211 1868 corn.au email:books@elt. ISBN:0-9578996-1-0 lntroduction StogeI TheQuestion . . . .3 the L Understonding Question ......3 1.1 The Instructions 1.2 Kev Terms 2. AnolysingtheQuestion... ......7 2 . 1F i n d i n g t h e F o c u s the 2.2 Understanding Context 2.3DefiningtheTerms . ..... '7 ' . . .8 .....10 ldeos ond Presenting Stoge2 Selecting 3, Findingldeos 3 . 1B r a i n s t o r m i n g 3.2 FindingMore Ideas 3.3UsingExamples 3.4The "'s7hatifNot"Situation 3.5 Looking at the Other Side . ldeos 4, Selecting 4 . 1S o l u t i o n s t o P r o b l e m s . .2Evaluation . . 4.3 Classificationof Ideas ....r3 ...14 . . . .15 ' '.... '17 '. '.. 'I7 . . .18 ......1e ......19 . . ' .20 . . . . . ' '21 4 . 4 T y p e so f C l a s s i f i c a t i o n 4.5 SelectingRelevantldeas 4.6Levelof Generalisation 4.7 OvergeneralisationsandExaggeration 5, Orgonisingldeos... 5.1 RankingIdeas 5.2Consequences 5.3Comparisons 5.4$ternatives.. 5.5Speculation.. ".... "23 .....25 ... "..26 .....28 ......3r . . .31 ...3I ...

Words: 19664 - Pages: 79

Free Essay

Essay Writing

...Writing Essoy for Tests English Gobi Duigu книг выложен группой vk.com/create_your_english @ Gabi Duigu 2002 All rightsreserved Revised and reprinted2003 Published AcademicEnglishPress by 9/13 ArmstrongStreet NS\f 2062 Cammeray Australia P h : 0 2 9 4 3 76 3 3 0 edu.au email: g.duigu@unsw. Distributed by: Melting Pot Press 10 Grafton Street NS\W2008 Chippendale Australia Ph: (61) 29212 1882 Fax:02 9211 1868 corn.au email:books@elt. ISBN:0-9578996-1-0 книг выложен группой vk.com/create_your_english lntroduction StogeI TheQuestion . . . .3 the L Understonding Question ......3 1.1 The Instructions 1.2 Kev Terms 2. AnolysingtheQuestion... ......7 2 . 1F i n d i n g t h e F o c u s the 2.2 Understanding Context 2.3DefiningtheTerms . ..... '7 ' . . .8 .....10 ldeos ond Presenting Stoge2 Selecting 3, Findingldeos 3 . 1B r a i n s t o r m i n g 3.2 FindingMore Ideas 3.3UsingExamples 3.4The "'s7hatifNot"Situation 3.5 Looking at the Other Side . ldeos 4, Selecting 4 . 1S o l u t i o n s t o P r o b l e m s . .2Evaluation . . 4.3 Classificationof Ideas книг выложен группой vk.com/create_your_english ....r3 ...14 . . . .15 ' '.... '17 '. '.. 'I7 . . .18 ......1e ......19 . . ' .20 . . . . . ' '21 4 . 4 T y p e so f C l a s s i f i c a t i o n 4.5 SelectingRelevantldeas 4.6Levelof Generalisation 4.7 OvergeneralisationsandExaggeration 5, Orgonisingldeos... 5.1 RankingIdeas 5.2Consequences 5.3Comparisons 5.4$ternatives.. 5.5Speculation.. ".... "23 .....25 ... "..26...

Words: 20102 - Pages: 81

Premium Essay

Supply Chain

...THIRD EDITI ----- --·-- --·-- - - -- - O N -- SU PP LY CH AI N MA NA GE ME NT Stra tegy , Plan ning , and Ope ratio n Sunil Chopra Kellogg Schoo l of Manag ement Northwestern University Peter Meindl Stanfo rd University --------Prentice I-I all Uppe r Saddl e River , New Jersey ·--· PEAR SON -- · - · - - - "ibrary of Congress Cataloging-in-Publication Data :::hopra, Sunil Supply chain management: strategy, planning, and operation I Sunil Chopra, >eter Meind!.-3rd ed. p. em. Includes bibliographical references and index. ISBN: 0-13-208608-5 1. Marketing channels-Managemen t. 2. Delivery of goods-Management. i. Physical distribution of goods-Management. 4. Customer servicesvfanagement. 5. Industrial procurement. 6. Materials management. I. vfeindl, Peter II. Title. HF5415.13.C533 2007 658.7-dc22 2006004948 \VP/Executive Editor: Mark Pfaltzgraff ii:ditorial Director: Jeff Shelstad ;enior Project Manager: Alana Bradley E:ditorial Assistant: Barbara Witmer Vledia Product Development Manager: Nancy Welcher \VP/Executive Marketing Manager: Debbie Clare Vlarketing Assistant: Joanna Sabella ;enior Managing Editor (Production): Cynthia Regan flroduction Editor: Melissa Feimer flermissions Supervisor: Charles Morris Vlanufacturing Buyer: Michelle Klein Vlanager, Print Production: Christy Mahon Composition/Full-Service Project Management: Karen Ettinger, TechBooks, Inc. flrinter/Binder: Hamilton Printing Company Inc. fypeface: 10/12 Times Ten Roman :::redits...

Words: 138607 - Pages: 555

Premium Essay

Lulzking

...THIRD EDITI ----- --·-- --·-- - - -- - O N -- SU PP LY CH AI N MA NA GE ME NT Stra tegy , Plan ning , and Ope ratio n Sunil Chopra Kellogg Schoo l of Manag ement Northwestern University Peter Meindl Stanfo rd University PEAR SON --------Prentice I-I all Uppe r Saddl e River , New Jersey ·--· -- · - · - - - "ibrary of Congress Cataloging-in-Publication Data :::hopra, Sunil Supply chain management: strategy, planning, and operation I Sunil Chopra, >eter Meind!.-3rd ed. p. em. Includes bibliographical references and index. ISBN: 0-13-208608-5 1. Marketing channels-Managemen t. 2. Delivery of goods-Management. i. Physical distribution of goods-Management. 4. Customer servicesvfanagement. 5. Industrial procurement. 6. Materials management. I. vfeindl, Peter II. Title. HF5415.13.C533 2007 658.7-dc22 2006004948 \VP/Executive Editor: Mark Pfaltzgraff ii:ditorial Director: Jeff Shelstad ;enior Project Manager: Alana Bradley E:ditorial Assistant: Barbara Witmer Vledia Product Development Manager: Nancy Welcher \VP/Executive Marketing Manager: Debbie Clare Vlarketing Assistant: Joanna Sabella ;enior Managing Editor (Production): Cynthia Regan flroduction Editor: Melissa Feimer flermissions Supervisor: Charles Morris Vlanufacturing Buyer: Michelle Klein Vlanager, Print Production: Christy Mahon Composition/Full-Service Project Management: Karen Ettinger, TechBooks, Inc. flrinter/Binder: Hamilton Printing Company Inc. fypeface:...

Words: 141930 - Pages: 568