Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2019, for $257,000.Annual amortization of $19,000 resulted from this acquisition.Jansen reported net income of $70,000 in 2019 and $50,000 in 2020 and paid $22,000 in dividends each year.Merriam reported net income of $40,000 in 2019 and $47,000 in 2020 and paid $10,000 in dividends each year.What is the Investment in Merriam Co. balance on Jansen's books as of December 31, 2020, if the equity method has been applied
Answer:
$286,000.
Explanation:
Calculation for the Investment in Merriam Co. balance on Jansen's books as of December 31, 2013, if the equity method has been applied
Using this formula
Investment balance=Common stock+ 2019 Reported net income+2020 Reported net income-Dividends-Annual amortization- Dividends-Annual amortization
Let plug the formula
Investment balance=$257,000 + $40,000 + $47,000 - $10,000 - $19,000 - $10,000 - $19,000
Investment balance= $286,000
Therefore the Investment in Merriam Co. balance on Jansen's books as of December 31, 2013, if the equity method has been applied will be $286,000
1. Someone once said that the love of money is the root of all evil. Do you agree or disagree with this statement? Why?
2. Would you ever take a job as a volunteer--knowing that you were helping other people, but you would not get paid for your services. Why or why not?
3. Do you currently have a checking account, savings account, or credit card? If not, at what age do you think it is appropriate to have these types of accounts?
4. In order to buy a new bike, a car, or pay for college, it often takes time to save up the money. What types of things are important to you to save up for?
5. If you had to create a budget for your family, what are 5 necessary items that would be included in that budget? (For example, house payment or rent, utilities, etc).
Answer:
1. money makes people unpredictable and unreliable.
2. yes I would. even without the pay, being a volunteer is a fulfilling job. And it gives you a sense of responsibility and leadership standards that'll set you aside from others in respectable needs I.e job interview, college application.
3. yes I do have a students account. its necessary to open an account for even the youngest of kids as its good to get ahead in college savings.
4. college, a car , an apartment.
5. food
electricity
gas
school
water
The balance in the prepaid insurance account before adjustment at the end of the year is $6,400, which represents the insurance premiums for four months. The premiums were paid on November 1. The adjusting entry required on December 31 is:
Answer:
Insurance Expense $6,400 (debit)
Prepaid Insurance $6,400 (credit)
Explanation:
The Prepaid Insurance Account is an Asset Account. This is because it represents economic resources controlled by the firm as a result of past events (payment of insurance in advance) from which economic benefits are expected to flow into the business (insurance services).
As the Insurance is utilized, the Asset account decreases whilst the Expense Account Insurance Expense increases. The following journal entry shows how this happens.
Insurance Expense $6,400 (debit)
Prepaid Insurance $6,400 (credit)
Five business ideas that interest me are starting a pet sitting service, opening a place that help disabled pets, opening up a place that can provide care for the mentally challlenged, starting a daycare service, and starting a service that helps parents with mentally challenging children. I think the best opportunity for me is to start a pet sitting service since it has a low startup cost, I can coose when I work and how many animals I have at a time. I can also work a job while doing this on the side, or until this grows enough to support me.
Explanation:
This can be an interesting idea to start entrepreneurship, since starting a pet sitter service just requires liking animals and publicizing the service, which can be done for free through social media. I believe this is a good opportunity to learn more about managing your own business, meeting a new network of people and understanding the service market, as well as being a source of extra income.
Entrepreneurship is all about identifying people's needs and turning them into products and services that can be profitable, in addition to being a great tool to assist in the development of individual skills, market knowledge, innovation capacity, etc.
Ryan is a technical expert from whom the employees in an organization often seek suggestions when they face any technical issues at work. The network thus formed is an example of a(n) _____ network.
Answer:
Advice
Explanation:
Since in the question it is mentioned that the ryan who is a technical expert from whom the employees also take the suggestions when they are facing any kind of technical issue at their work place. So here the network is formed this network would become an example of an advice network where the technical expert give the suggestions to solve out the technical issue so that the problem could get solved
(Which best describes the relationship between the Governance pathway and the Regulation pathway?) 1. The Governance pathway involves military jobs that the Regulation pathway pays for. 2.The Regulation pathway performs research for community development to creates plans about how the city will grow. 3.The Governance pathway makes many of the laws that the Regulation pathway enforces. 4.The Regulation pathway sets the specifications for buildings and facilities that the Governance pathway inspects and reviews.
Answer:
3.The Governance pathway makes many of the laws that the Regulation pathway enforces
Explanation:
Given that the Governance pathway includes involves the public office holder to make and execute public policy by working with other stakeholders in the government, such as officials, constituents, and interest groups.
And Regulation pathway involves a civil servant who applies the technical, industry, legal relational knowledge, and regulatory systems to ensure the successful execution of the public policy created by the government or public officeholders.
Hence, the relationship between the Governance pathway and the Regulation pathway is "The Governance pathway makes many of the laws that the Regulation pathway enforces."
Answer:
3.The Governance pathway makes many of the laws that the Regulation pathway enforces
Explanation:
Regulations involve enforcement of the rules the government (the governance pathway) sets.
The decrease in total surplus that results from a market distortion, such as a tax, is called a a. consumer surplus loss. b. wedge loss. c. deadweight loss. d. revenue loss.
Answer:
Option "C" is the correct answer to the following question.
Explanation:
Dead-weight loss : A dead-weight loss seems to be a burden or tax or pay to society generated by the ineffectiveness of the economy, which arises when market forces are out of control. Dead-weight loss may be attributed to any deficit caused by an inadequate redistribution of capital primarily used of economy.
Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level). Group of answer choices
Answer:
Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).
Explanation:
The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year. On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.
Please help i will give brainliest
Approximately how many people in the world have FB accounts?
50.4 million
1.7 billion
100 million
3.5 billion
Answer:
the answer is 3.5 billion i think
Answer:
3.5 billion
Explanation:
The decline in the popularity of clothing made from animal fur has enticed large department stores like J. C. Penney and Sears to discontinue sales of animal-fur products. How does discontinuing sales of these products by J.C. Penney and Sears affect the animal-fur clothing market
Answer:
Explanation:
What you are describing is a change in demand. First there was a change in the retail industry. When that happened, the demand from the big retailers went down. The wholesalers then cut back on what they bought from the people making the garments made out of fur.
It then hit the trapper who made his living from trapping wild animals. There was a chain reaction most felt by the trapper.
25. Which economic system best defines: Lowest amount of economic freedom:
A. Capitalism
B. Socialism
C. Communism
I only have these three answer choices.
The phrase leadership praise followers impact Public and punishment and five is really a statement concerning what two important parts of communication?
The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?
Answer:
Encoding and Decoding
Explanation:
The two important parts of communication in this situation is known as Encoding and Decoding
To illustrate better, the Encoding implies that the sender (in this case the leader) sends the message (by praising the follower in the public) to an effect, (by utilizing certain means such as actions, words, etc, ) to ensure that the receiver can quickly grab the message.
At the same time, with the Decoding, the receiver (here the followers) quickly understood the message (praise in the public or punishment in the private by the leaders ) such that the meaning of the message is not lost.
Hence, in this case, the correct answer is Encoding and Decoding.
Dear Future Millionaire,
I’m writing to you with an exclusive opportunity to get in on the ground floor of a life-changing investment opportunity. Are you ready to make your dreams come true? If you invest now in the Bio-Future Corp., it will happen. This company is at the cutting edge of scientific advancement, and I have personally received word from the CEO that they just made a major deal with a supplier, bringing them closer than ever to the market. Right now, a share of this stock costs only $2. You must invest early before the price skyrockets!
Sincerely,
Abe Kluck
Chloe received this email in her spam folder recommending a stock. What aspects of the letter should concern her? Choose four correct answers.
There is no information about the company.
It guarantees a high return on investment.
The company has “Future” in its name.
Answer:
In my opinion the answer is "It guarantees a high return on investment."
Answer:
A, B, D, E
Explanation:
got it right on edge
Repair Inc. issues a plan to combine operations with Service Company. Tom is a shareholder who disapproves of the deal. He may be entitled to an appraisal right if the combination is Group of answer choices a merger or a short-form merger. a purchase of substantially all of the assets of either corporation. none of the choices. a dissolution or winding up of either corporation.
Answer:
Repair Inc.
Tom may be entitled to an appraisal right if the combination is:
a purchase of substantially all of the assets of either corporation.
Explanation:
An appraisal right is Tom's right, as a dissenting stockholder, to demand appraisal and payment of the fair value of his stocks from either Repair Inc. or Service Company. Since Tom has dissented and voted against the proposed combination, the appraisal right enables Tom to withdraw and demand the payment of the fair value of his shares in either corporation.
The term posting means: Entering transactions in a book of original entry Transferring debit and credit amount from the journal to the ledger Proving the equality of debit and credits in the ledger Determining the balances of individual ledger accounts
Answer: Transferring debit and credit amount from the journal to the ledger.
Explanation:
Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.
Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.
What are 2 different payments relating to insurance that are used for almost all kinds of insurance?
Answer:
family insurance and life insurance
The distribution of a good or service is called__.
a. economics
b. allocation
c. scarcity
Answer: A
Explanation:
Answer:B) allocation
Explanation:this means to distribute or divide something
Store A sells a watch for $56 and offers a 10% discount. Store B sells the same watch for $70 and offers a 30% discount. Store C sells it for $85 and offers a 45% discount. From which store should you buy? *
Explanation:
$56 * 0.9 = $50.4
$70 * 0.7 = $49
$85 * 0.55 = $46.75
Therefore the watch is cheapest at Store C.
A monopolistically competitive profit-maximizing firm is currently producing and selling 2,000 units of output. At this output level, marginal revenue is $9, average revenue is $10, and the average variable cost is $8. The product price is
Answer:
$10
Explanation:
Q = 2000 units . At this output level, Marginal Revenue = $9
Average Revenue = $10
Average variable cost = $8
The product price is $10 which is represented by average revenue curve.
A company purchased a new truck at a cost of $42,000 on June 1, 2019. The truck is estimated to have a useful life of 7 years. The company uses the straight-line method of depreciation. So, the annual depreciation expense is $6,000. How much depreciation expense will be recorded for the truck during the first year ended December 31? Select one: a. $6,000. B. $45,000. C. $3,500. D. $3,000.
Answer:
C. $3,500
Explanation:
The formula for a straight-line method of depreciation is provided below:
annual depreciation charge=(cost-salvage value)/useful life
cost of the new truck=$42,000
salvage value=$0
useful life=7 years
depreciation=($42,000-$0)/7=$6,000( same as given in the question)
The truck was used for 7 months in the first year ended, from June 1 2019 to December 31 2019
Depreciation for the first year=$6000*7/12=$3,500
Under what category of expense do manufacturing wages fall?
Answer:
Direct expenses
Explanation:
Manufacturing expenses are categorized into direct and indirect expenses.
Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.
Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.
An industry consists of 100 small firms, and the largest firm accounts for only 2 percent of sales. Brand names are considered a signal of quality. The industry described is best classified as
Answer:
Monopolistically competitive
Explanation:
Based on the information given the industry described is best classified as MONOPOLISTICALLY COMPETITIVE reason been in a Monopolistic competitive market their are competition among many manufacturer of product in which the products this manufacturer sell are different from each other .
Secondly the products are not similar or identical product reason been that their customer can easily differentiate between the goods or product that meet the same need of the product they want.
Therefore an industry or firm which consists of 100 small firms in which the largest firm can only accounts for 2% of sales while the Brand names on the other hand are considered to be a signal of quality is what is classified as MONOPOLISTICALLY COMPETITIVE market.
the role of the develpoed nation in helping the developing nations for sustainable develpoment of natural resources???pls help.
Answer:
Developed nations have an economic and moral responsability to help developing contries achieve sustainable development goals not only because developed nations have more money, but also because they are the main originators of climate change.
For this reason, developed nations should give funds to developing nations in order to fund projects such as solar, wind, geothermal, and nuclear power plants, and they should also provide technical assistance, since the population of developed nations tends to be more educated than that of developing nations.
What is likely consequences of introducing an export subsidy paid to domestic producers to protect against foreign producers?
A.increase the price of goods and services
B.it will rise revenue for the government
C.it provides an. incentive for products to be efficient
D.it reduces the domestic producers’ costs of production and this enable to domestic producers to reduce the selling price in order to stay competitive
The type of control system that only be succsseful in attining systrms' objective if we know with certinty the events that take place during system procees
Answer: Management control system
Explanation:
Management control system could be defined as a system that collects and uses information to analyze the performance of different organizational resources like human, physical, financial considering them all together in the light of organizational strategies pursued. It looks at comparing performances with the standards, plans or objective of the organization to determine if they are line with standards.
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Answer:
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thx for the points
Explanation:
which of the following is an asset
A. Account receivable
B. Account payable
C. Loan
Answer:
A. Account receivable
Many Americans oppose what kind of policy because they fear it will mean in practice, illegal quotas, preferential treatment of African Americans and women, and even reverse discrimination against white men?
Suppose that business travelers and vacationers have the following demand for airline
tickets from Los Angeles to San Francisco:
Price
$150
$200
$250
$300
Quantity Demanded
(business travelers)
35,000
30,000
26,000
20,000
Quantity Demanded
(vacationers)
25,000
21,000
14,500
11,000
1. As the price of tickets rises from $200 to $250, what is the price elasticity for both
(a) business travelers and (b) vacationers ?
2. Why might vacationers have a different elasticity than business travelers?
3. What would be the Exact Quantity Demanded and change in Total Revenue if the
Airlines Change the Price for Business Travelers from $200 to $230?
Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?
Answer: She can produce 50 drinks in 1 hour, 200/4 = 50
Answer:
50
Explanation:
divide 200 by 4
hope this helps dont 4get to like and star
-mercury