Dodge, incorporated acquires 15% of gates corporation on january 1, 2011, for $105,000 when the book value of gates was $600,000. during 2011 gates reported net income of $150,000 and paid dividends of $50,000. on january 1, 2012, dodge purchased an additional 25% of gates for $200,000. any excess cost over book value is attributable to goodwill with an indefinite life. the fair-value method was used during 2011 but dodge has deemed it necessary to change to the equity method after the second purchase. during 2012 gates reported net income of $200,000 and reported dividends of $75,000. the income reported by dodge for 2012 with regard to the gates investment is a. $80,000. b. $30,000. c. $50,000. d. $15,000. e. $75,000.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?