Business, 29.10.2019 23:31 Momorin5625
The following book and fair values were available for westmont company as of march 1. book value fair value inventory $ 281,500 $ 250,000 land 805,500 1,112,250 buildings 2,070,000 2,416,500 customer relationships 0 870,000 accounts payable (82,500 ) (82,500 ) common stock (2,000,000 ) additional paid-in capital (500,000 ) retained earnings 1/1 (421,500 ) revenues (446,000 ) expenses 293,000 arturo company pays $3,960,000 cash and issues 29,500 shares of its $2 par value common stock (fair value of $50 per share) for all of westmont’s common stock in a merger, after which westmont will cease to exist as a separate entity. stock issue costs amount to $29,400 and arturo pays $50,000 for legal fees to complete the transaction. prepare arturo’s journal entry to record its acquisition of westmont.
Answers: 2
Business, 21.06.2019 21:20
20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units
Answers: 1
Business, 22.06.2019 10:10
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
Business, 22.06.2019 12:50
You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?
Answers: 1
Business, 22.06.2019 15:40
As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage
Answers: 1
The following book and fair values were available for westmont company as of march 1. book value fai...
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