Business, 02.01.2020 23:31 kyleataylor2005
Parker owned all of odom inc. although the investment in odom inc. account had a balance of $834,000, the subsidiary's 12,000 shares had an underlying book value of only $56 per share. on january 1, 2011, odom issued 3,000 new shares to the public for $70 per share. how does this transaction affect the investment in odom inc. account? a) it should be decreased by $141,120.b) it should be increased by $176,400.c) it should be increased by $48,000.d) it should be decreased by $128,400.e) it is not affected since the shares were sold to outside parties.
Answers: 1
Business, 22.06.2019 07:10
Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.
Answers: 1
Business, 22.06.2019 10:50
Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?
Answers: 2
Business, 22.06.2019 13:00
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
Answers: 1
Business, 23.06.2019 00:50
Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?
Answers: 1
Parker owned all of odom inc. although the investment in odom inc. account had a balance of $834,000...
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