Business, 22.11.2019 02:31 javier04052000
The clydesdale company has sales of $4,500,000. it also has invested assets of $2,000,000 and operating expenses of $3,600,000. the company has established a minimum rate of return of 7%. what is clydesdale company's residual income?
a.$900,000
b.$1,400,000
c.$760,000
d.$252,000
Answers: 1
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.โs outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in reaโs net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and wellโs officers are a majority on reaโs board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 20:50
Barbara flynn is in charge of maintaining hospital supplies at general hospital. during the past year, the mean lead time demand for bandage bx-5 was 65 (and was normally distributed). furthermore, the standard deviation for bx-5 was 6. ms. flynn would like to maintain a 90% service level.refer to the standard normal table for z-values.a) what safety stock level do you recommend for bx-5? safety stock=)what is the appropriate reorder point? reorder point=
Answers: 1
The clydesdale company has sales of $4,500,000. it also has invested assets of $2,000,000 and operat...
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