Peta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended December 31, 20X8. Peta owns 80 percent of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20X8. What is the amount of separate operating income reported by Peta for the year

Question:

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation:

Contribution margin.... 200,000

Fixed Expense.... 500,000

net operating loss..... (300,000)

If Children's Division is dropped, half of the fixed costs above can be eliminated. What will be the effect on Grunge's profit next year if Children's Division is dropped instead of being kept?

A) 50,000 increase

B) 250,000 increase

C)250,000 decrease

D) 550,000 increase

Answer:

Option A is correct

Increase in profit = $50,000

Explanation:

To determine whether or not it will be profitable to drop a loss making division, we compare the savings in fixed cost to the lost contribution from the division.

It is noteworthy that only the fixed cost attributed to division can only be saved should the division be shut down.

The analysis is done as follows:

                                                                              $

Lost contribution                                           (200,000 )

Savings in fixed cost (1/2× 500,000)           250,000

Net savings                                                   50,000

Increase in profit = $50,000

Answer:

$53.00

Explanation:

The computation of book value is shown below:-

But before that we need to determine the net asset which is

Net asset = Total asset - Total liabiliites

= ($350,000 + $650,000) - ($100,000 - $250,000)

= $1,000,000 - $350,000

= $650,000

Now

Value per share= (Net asset - preference share) ÷ number of common stocks

= ($650,000 - $120,000 ) ÷ 10,000 shares

= $530,000 ÷  10,000

= $53 per share

Answer:

1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers

2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.

Processes in pull strategy:

1. Shipping

2. Order fulfilment

Processes in push strategy:

1. Stock replenishment

2. Production

Answer:

Economic value added = $1,250,000

Explanation:

Economic value added (EVA) = Net operating profit after taxes - Invested capital * cost of capital

Economic value added= [($22,000,000 - $18,000,000) * (1 - 0.35)] - [$15,000,000 * 9%]

Economic value added =  ($4,000,000 * 0.65) - $1,350,000

Economic value added  = $2,600,000 - $1,350,000

Economic value added = $1,250,000

1. What is your plan for the future of the company?
2. Where will the money and income go towards to?
3. Is the company’s team well balanced and work good together?

Answer:

4.77

Explanation:

The formula below is used to calculate quick ratio

Current assets - Inventories / Current liabilities

Account receivables =$1,330,000

Current assets = $3,290,000

Inventories = $1,050,000

Account payable =  $470,000

Current liabilities = $470,000

Therefore,

Quick ratio = ($3,290,000 - $1,050,000) / $470,000

= 4.77

Answer:

Note: The organized table is attached as picture below

i. What is the estimated equation for average variable cost (AVC)?

Intercept value = 43.40, Parameter estimates of Q and Q2 = -2.80 & 0.20 respectively.

Hence, the estimated equation for AVC is:

AVC = 43.40 - 2.80Q + 0.20Q2

ii. What is the estimated equation for total variable cost (TVC)?

Similarly, the estimated equation for TVC is

= AVC * Q

= 43.40Q - 2.80Q2 + 0.20Q3

iii. At what level of output is AVC at its minimum point for Straker Industries?

AVC will attain its minimum value when its derivative is set = 0. This occurs when:

-2.80 = -0.40Q

Q = 7.

iv. What is the estimated equation for short-run marginal cost (SMC)?

SMC is the derivative of TVC, its estimated equation is given by:

= 43.40 - 5.60Q + 0.60Q2

iv. If Straker Industries produces 20 units of output, what is its estimated TVC, AVC and SMC?

TVC = 43.40Q - 2.80Q^2 + 0.20Q^3

TVC = 43.40(20) - 2.80(20)^2 + 0.20(20)^3

TVC = 868 - 1120 + 1600

TVC = 1348

At 20 unit of output, its estimated TVC is 1348

 

AVC = 43.40 - 2.80Q + 0.20Q^2

AVC = 43.40 - 2.80(20) + 0.20(20)^2

AVC = 43.40 - 56 + 80

AVC = 67.4

At 20 unit of output, its estimated AVC is 67.4

SMC = 43.40 - 5.60Q + 0.60Q^2

SMC = 43.40 - 5.60(20) + 0.60(20)^2

SMC = 43.40 - 112 + 240

SMC = 171.4

At 20 unit of output, its estimated SMC is 171.4.

Answer:

The manager of the grocery chain should put two types of products:

1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.

2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.

Answer: credit; $200

Explanation:

The journal entry to record the sale of treasury stock using the cost method would include a credit to Treasury Stock in the amount of $200.

Using the cost method, the journal entry should reflect the sale of the stock at the original price it was purchased at ( its cost). With the original cost of purchase being $20, the 10 shares that were sold will be recorded as;

= 10 shares * $20

= $200

This will be credited to the Treasury account and along with the additional amount made on the sale, debited to the cash account to reflect a cash increase.  

Answer:

d. It is the sum of the investing, operating, and financing activities sections.

Explanation:

Change in cash classified on the statement of cash flows is derived by the sum of the Investing cash flow activities + Operating cash flow activities Financing cash flow activities. The balance gotten is known as Net cash flow for the particular period.

Answer:

$10 what you would have earned at the job

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

When you decide to volunteer, you would not be able to go to work. The opportunity cost of volunteering is what you would have earned if you were at work

Answer:

$14,200,000

Explanation:

The computation of the firm break even point in total sales dollars is shown below:

Particulars                 Youth              Adult                 Recreational

Sales mix

ratio                             0.25                0.45                  0.30

(5:9:6)

Contribution

margin                     $200                 $372                  $560

Weighted

average CM               50                  167.4                  168

Selling price             $500               $930                  $1,400

Weighted

average sales           125                   418.50               420

Weighted average

sales                                963.50

Weighted average

CM                                  385.40

CM ratio                          40%  (385.40 ÷ 963.50)

Now the break even point in sales dollars is

= Fixed cost ÷ contribution margin ratio

= $5,680,000 ÷ 40%

= $14,200,000

Answer:

$211,260

Explanation:

Calculation for Angel's hypothetical tax expense in its reconciliation of its income tax expense

Using this formula

Angel's hypothetical tax expense=Pretax book income × Tax rate

Let plug in the formula

Angel's hypothetical tax expense=$1,006,000×21%

Angel's hypothetical tax expense=$211,260

Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense will be $211,260

Answer:

B. $2,190

Explanation:

Calculation for the net present value of the proposal

Using this formula

Net present value=(Annual cash flow×Discounted present value)- Machine purchase amount

Let plug in the formula

Net present value=($14,000 ×5.335)-$72,500

Net present value=$74,690-$72,500

Net present value= $2,190

Therefore the Net present value will be $2,190

Answer:

The correct answer is the third option: Recognizes more depreciation expense in the early years of an asset's useful life and less in the later years.

Explanation:

To begin with, the name of "Accelerated Depreciation" is refered to a method used in the accouting fields in order to determine how much of a permanent asset has been worn out by the time that has passed and to put that amount in the accounts of the company so that there is a record of the money that has been lost for those depreciations. Moreover, in difference with the traditional method, this one uses a process in where the depreciation will be higher in the early years of the asset while in the latest will be less depreciation.  

Answer:

0.1046 or 10.46%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate of the firm is

= Return on Equity × ( 1 - Dividend Payout Ratio )

where,

Dividend Payout Ratio = 30%

And,

Return on equity is

= Net Income ÷ Shareholder 's equity

= $3660 ÷ $ 24,500

= 0.14938

So,  

Sustainable growth rate is

= 0.14938 × (1 - 30%)

= 0.1046 or 10.46%

Answer:

I'm pretty sure the answer is B.

Explanation:

Answer:

here u can mark the other guy brainliest now. You have to have 2 answers on the question to mark brainliest

Explanation:

Answer:

Jet blue= thanks frequent customers with small gesturer

Tesla= meet your customers where they r at

Answer:

Hmm.

Explanation:

Problems making ends meet

Accumulating too much debt.

Making poor purchasing and investing decisions.

Being unable to enjoy money.

(Source; USATODAY.com)

Answer:

A. $340 million

B. $40 million

Explanation:

A. Calculation for the amount that would appear in that statement for operating income

Sales revenue $2,200

Less: Cost of goods sold ($1,440)

Selling expense ($215)

General and administrative expense ($205)

Operating income $340 million

Therefore the amount that would appear in that statement for operating income will be $340 million

B. Calculation for the amount that would appear in that statement for non operating income

Interest expense $45

Less Gain on sale of investments $85

Non-operating income $40 million

Therefore the amount that would appear in that statement for nonoperating income will be $40 million

Answer:

F

Explanation:

Answer:

Return on Assets (2006) = 7.60 %

Explanation:

Return on Assets = Earnings Before Interest and Tax  ÷ Total Assets

Therefore,

Return on Assets (2006) = ($115,000 + $30,000) / ( $600,000 + $60,000 +  $900,000) × 100

                                         = $118,000 / $1,560,000 × 100

                                         = 7.60 % (one decimal place)

Answer:

Debit cash for $1,180

Credit unearned catering revenue for $1,180

Explanation:

Unearned revenue refers to the amount of money that is received in cash by a company for goods that are yet to be delivered or services that yet to be rendered.

The $1,180 advance payment received by Ted Catering is unearned catering revenue. The eneral journal entry that Ted Catering will make to record the cash receipt wil appear as follows:

Account title                                  Dr ($)             Cr ($)        

Cash                                               1,180

Unearned catering revenue                               1,180

(To record unearned catering revenue.)                              

Answer:

Gross profit= $79,000

Explanation:

Giving the following information:

July 1, 20X1:

Material $5

Labor 3

Overhead 2

Total= $10

Beginning inventory at these costs on July 1 was 11,500 units.

From July 1 to December 1, Convex produced 26,000 units.

These units had a material cost of $7 per unit.

First, we need to determine the cost of goods sold. Under the FIFO (first-in, first-out) method, the COGS is calculated using the cost of the first units produces.

COGS= 11,500*10 + 16,500*12= $313,000

Now, we can calculate the gross profit:

Gross profit= sales - cogs

Gross profit= 28,000*14 - 313,000

Gross profit= $79,000

Answer:

Executive chefs will report to the head restaurateur. Sous chefs and line cooks report to executive chefs.

Answer and Explanation:

Storm Concert Promotions

The computation of overhead is shown below:-

Factory Overhead-Storm

Indirect materials $12,400           Applied overhead    91,600

Indirect Labor       $55,900

Other overhead

costs                       $16,000

                                                   Overapplied overhead $7,300

The Journal entry is shown below:-

Factory overhead Dr, $ 7,300

     To Cost of goods sold $7,300

(Being cost of goods sold is recorded)

Valle Home Builders

The computation of overhead is shown below:-

Factory Overhead-Value home builders

Indirect materials $7,000           Applied overhead    98,300

Indirect Labor       $46,900

Other overhead

costs                       $48,900

                                                  Overapplied overhead $4,500

Factory overhead Dr, $ 4,500

     To Cost of goods sold $4,500

(Being cost of goods sold is recorded)

When it comes to competitiveness, what differentiates the top global manufacturers from the rest? Learn the capabilities and attributes that help make top performers stand out—even when the bar continues to rise. NO one has to tell manufacturing company executives that it’s getting tougher to differentiate themselves and compete successfully—they feel the pressure every day. Rapid globalization, technological advancements, changing consumer preferences, and evolving government policies are reshaping the manufacturing industry, exponentially accelerating the pace of competition and continually raising the bar on company performance.

Still, some manufacturers consistently and convincingly outperform their peers (see sidebar “Why study high-performing manufacturers?”). How are they doing this? And what can “the rest” learn from “the best” to improve their own performance? This report provides executives with clear direction on what companies need to do to be high-performing manufacturers—now and in the future. For more than 25 years, we’ve been studying manufacturers to identify what sets apart high-performing companies (defined in the section “About the study”) from their competitors. We found that high performers focus carefully on the development of specific but evolving sets of manufacturing capabilities to differentiate themselves and succeed in the marketplace. These capabilities, when coupled together, are difficult for their competitors to replicate, and when executed well, they create long-term competitive advantage by generating greater customer loyalty, higher market share, and superior profitability.

About the study

As part of Deloitte’s ongoing collaboration with the US Council on Competitiveness on the Global Competitiveness in Manufacturing Initiative, we conducted a global study of manufacturing CEOs in 2010, 2013, and 2016. Together, these three studies received a total of over 1,600 CEO responses.

On a broad list of capabilities, we asked CEOs to rate their companies’ current competitiveness in each capability relative to their closest global rivals, as well as rate how important they thought each capability would be to staying competitive in the future. In order to remove the variations in rating among countries (due to culture), industry subsectors, and company revenue sizes, we normalized the data by country, industry, and size, and calculated current and future index scores for each of the capabilities on a 10–100 scale for both current competitiveness and future importance.

We separated the respondents’ companies into “high performers” and “other companies” (all other companies studied). High performers were identified on the basis of four parameters: the company’s actual profitability, its profitability when compared to its peers, whether the company met or exceeded its profitability goals, and the company’s performance on return on assets.

This classification methodology for selecting high performers showed that 30 percent of the high performers were in the top 10 percent of profitability relative to their primary global industry competitors, and four-fifths (81 percent) of the high performers were in the top third. Among the other companies, only 1 percent were in the top 10 percent of profitability, and only 9 percent were in the top third, relative to their primary global industry competitors. In addition, 25 percent of the high performers were in the top 10 percent on return on assets (ROA) relative to their primary global industry competitors; 74 percent of the high performers had ROAs in the top third. Among the other companies, only 1 percent had ROAs in the top 10 percent and only 5 percent had ROAs in the top third relative to their primary global industry competitors.

To dig deeper into the attributes of high-performing manufacturers, Deloitte collaborated with the US Council on Competitiveness to conduct a global survey of over 500 manufacturing C-suite executives in 2016. This report, which draws on the survey’s results, builds on the 2010 and 2013 editions of this survey and further extends the story of manufacturing competitiveness in the 21st century.

Even for high performers, it isn’t easy to continually excel in the dynamic, hypercompetitive global manufacturing industry. However, this study provides an operating framework to help C-suite executives decide “where to play and how to win.” Becoming a high performer requires a keen focus on acquiring needed capabilities, which not only change with time but also vary based on where a company chooses to play: in which markets, with which customers and consumers, in which channels, and in which product categories and services the company wants to compete. To determine how to win, company leaders should consider which capabilities will enable the organization to create unique value and consistently deliver that value to customers in a way that is distinct from competitors’ offerings

Answer:

classified as a liability when provided by creditors and as stockholders' equity when provided by owners

Explanation:

Corporate finance can be explained as how the revenue, asset as well as is been taken care of in business. The financing could be by individual or institution.

It should be noted that Financing that individuals or institutions have provided to a corporation is classified as a liability when provided by creditors and as stockholders' equity when provided by owners

Answer: $1,415

Explanation:

Going by the Accrual principle in Accounting, the revenue to be recognized has to be for services rendered in the period of interest regardless of it is in cash or on account.

The revenue transactions for the month of July therefore will be for only services rendered in July.

Those include;

Received $970 cash for services provided to a customer during July.Provided services to a customer on credit, $445

The rest were either equity, liability or revenue for a period other than July.

Revenue for July is therefore;

= 970 + 445

= $1,415

Answer:

Decker Enterprises

Based on the projections, Decker will have:___________:

b.) a financing surplus of $36

Explanation:

a) Data and Calculations:

Income Statement            Current        Projected

Sales                                     na              1,500

Costs                                    na              1,050

Profit before tax                   na                450

Taxes                                    na                 135

Net income                           na                315

Dividends                              na                95

Balance sheets    Current  Projected                          Current   Projected

Current assets        100        115          Current liabilities 70          81

Net fixed assets   1,200    1,440          Long-term debt 300      360

                                                             Common stock 500      500

                                                        Retained earnings 430      650

Total                    1,300     1,555            Total              1,300     1,591

b) Financing surplus             36

c) Decker Enterprises does not need additional financing, but has excess financing because the Liabilities and Equity are greater than the assets.