Business, 19.06.2020 03:57 tamikagoss22
Rochester Corp. holds a 15% equity investment in LaCrosse Inc. Reedsburg Investments holds 45% of LaCrosse’s stock. On October 1, 2017, LaCrosse declares and pays dividends to its stockholders. How will the dividend affect each company’s net income for the year? Listed First Rochester Listed Second Reedsburg
Answers: 2
Business, 22.06.2019 04:10
Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.
Answers: 1
Business, 22.06.2019 14:00
How many months does the federal budget usually take to prepare
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Business, 23.06.2019 01:30
You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?
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Business, 23.06.2019 06:00
If a society decides to produce consumer goods from its available resources, it is answering the basic economic question
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Rochester Corp. holds a 15% equity investment in LaCrosse Inc. Reedsburg Investments holds 45% of La...
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