Business High School

Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2017. During 2017, Boulet Corporation had 140,000 shares of common stock outstanding, paid cash dividends of $120,000, and reported net income of $320,000. Savannah Corporation should report revenue from investment for 2017 in the amount of $30,000. $50,000. $80,000. $0.

Answers

Answer 1

Savannah Corporation should report revenue from investment for 2017 in the amount of $80,000.

Amount to be reported as revenue

First step

Percentage ownership=35,000/140,000 shares ×100

Percentage ownership=25%.

Second step

Using equity method

Revenue from investment=25%× $320,000

Revenue from investment=$80,000

Therefore Savannah Corporation should report revenue from investment for 2017 in the amount of $80,000.

Learn more about revenue here:https://brainly.com/question/24280609

#SPJ4

Related Questions

Which of the following is not one of the four main types of inventory?
a. raw material inventory
b. work-in-process inventory
c. maintenance/repair/operating supply inventory
d. safety stock inventory
e. All of these are main types of inventory.

Answers

Answer:

All of these are main types of inventor.

Of all the given types of inventory, the one which is not on the list of four main inventory is the safety stock inventory. Hence, Option D is correct.

What is an inventory?

The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.

There are four basic categories of inventory: finished items, MRO, WIP, and raw materials/components. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.

Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.

Thus, Option D is correct.

Learn more about inventory from here:

https://brainly.com/question/15118949

#SPJ2

Which inventory costing method will produce an amount for cost of goods sold that is closest to current market value?.

Answers

The FIFO (First in First out) technique of inventory costing will result in a COGS amount equal to market value.

What is the First in first out method?

First in, first-out (FIFO) is an uncomplicated approach to inventory valuation based on the presumption that commodities acquired or created first are sold first. This implies that older inventory is distributed to customers before fresh inventory, in theory.

FIFO is the method used to calculate the cost of goods sold using cost flow assumptions. The FIFO approach is predicated on the idea that the oldest items in an organization's inventory have already been sold.

Thus, the FIFO method will be able to produce a number of COGS equal to the market value.

Learn more about the FIFO method:

https://brainly.com/question/17924678

#SPJ1

True or false: Personal savings, venture capitalists, and government agencies such as the Small Business Administration (SBA) are possible sources of capital or information when starting a small business.

Answers

The possible sources of Small Business Administration which can provide assistance to small businesses are venture capitalists, personal savings, and government agencies.

What is meant by small business?

Small Business is a kind of business started with fewer working professionals and less income.

Small Business Administration is an authority that helped small businesses and entrepreneurs in establishing their businesses. They provide capital assistance through their sources like venture capitalist companies, government agencies, etc.

Therefore, the given statement is true as explained above.

Learn more about the small business in the related link:

https://brainly.com/question/13424073

#SPJ1

On January 1, 2020, Bank X makes a loan of $10,000 on a 1 year note at an interest rate of 10% to a client. How much interest revenue is recognizable in total at the end of September 30, 2020

Answers

Approximately $166.7:explanation

To calculate the interest receivable on this note, the math would be as follows:

Principal X Interest X Time = Interest receivable

or

External forces in the natural environment include A. the trend toward healthier lifestyles, which can shift spending toward exercise equipment and health clubs and away from alcohol and snack foods. B. air and/or water pollution, the depletion of irreplaceable natural resources, or inefficient energy/resource usage. C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product. D. tax policy, fiscal policy, tariffs, the political climate, and the strength of institutions such as the federal banking system. E. slow growth in buyer demand.

Answers

External forces in the natural environment is C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product.

What are external forces?

These are factors that affect an environment from the outside instead of within.

For the natural environment, this would represent everything that affects nature, but aren't really part of nature. This includes inflation, unemployment, and other economic factors.

Find out more on external forces at https://brainly.com/question/14783836.

#SPJ1

Monetary policy refers to government actions that pursue what goal

Answers

Explanation:

help me to find Xian pleaseee:( i miss him so much:(

sorry for answering Non sense po i hope u understand me ty po!

An airport wants to make its luggage-handling process faster and simpler for travelers. A data analyst examines and evaluates how the process works currently in order to achieve the goal of a more efficient process. What methodology do they use

Answers

To make the baggage handling process faster and simpler for travelers, a data analyst uses a gap analysis.

What is a gap analysis?

Corresponds to a performance evaluation technique, where a professional is responsible for evaluating the way processes are being carried out in an organization, to determine their efficiency, developing an analysis of needs to increase quality.

Therefore, a gap analysis aims at the continuous improvement of processes through environmental assessment, in order to achieve total quality.

Find out more about gap analysis here:

https://brainly.com/question/10549036

#SPJ1

Which of the following is not an element of marketing?
A. product
B. policy
C. promotion
D. price

Answers

••••••••••••••••••••••••••••••••••••••••••••••••

[tex]\small{\boxed{\color{red}\sf\underline{Answer:}}}[/tex]

The answer is B. policy

••••••••••••••••••••••••••••••••••••••••••••••••

negative and positive impact of monopolies in south Africa

Answers

The positive impacts of monopoly in South Africa are related to the advantages of companies, which charge higher prices and generate economies of scale.

The disadvantages are related to the consumer, who pays higher prices since in a monopolistic market there are no more alternatives to obtain a good or service.

What is monopoly?

It is a market situation where there are no competitors, with a company being the only one to sell a product or service, being the holder of the price and market power.

Therefore, a monopoly situation can be harmful to a country, leading to barriers to entry by competitors, reduced purchasing power of individuals and price exploration.

Find out more about monopoly here:

https://brainly.com/question/13113415

#SPJ1

Hardcover books are shipped 3 days after an order is placed. soft cover books always take at least 1 day less than hardcover books to ship after the order is placed. special apparel orders take as long as or longer than hardcover books to ship after the order is placed. conclusion: special apparel orders take longer to ship than soft cover books. if the assumptions are true, is the conclusion:

Answers

If the assumptions are true, the conclusion relating to the longer time taken to ship the special apparel than the softcover books is correct.

What is meant by the conclusion?

The conclusion is a brief summary of any topic without going into the detail of it.

The shipping time taken to deliver the softcover books is 2 days, that is, 1 day more than the shipping time taken to deliver hardcover books. There is a difference of only one day in both the shipping. The time taken by special apparel to ship is longer than the hardcover books which means that time is also greater than softcover books.

Therefore, the provided conclusion statement is correct keeping all the assumptions true.

Learn more about the conclusion in the related link:

https://brainly.com/question/78686

#SPJ1

Question 5 of 20
Which is an advantage of paying off a liability?
OA. The liability remains a liability.
B. The liability starts to lose valu
OC. The liability starts to gain value.
OD. The liability can become an asset.

Answers

Answer:

OD is the answer because a liability can become an asset once paid

An advantage of reimbursing the liability is that it becomes an asset when it is being paid.

Option D is correct.

What is an asset?

An asset is the monetary resource of a company which is acquired so that the company would get the maximum benefits in the near future. It is the secondary part of balance sheet which is further classified into two parts namely, current and non-current assets.

Liability is referring to the obligation of a company regarding which the repayment would be done after a certain period of time. In order to repay the liabilities like short-term and long-term borrowings, the assets which can be easily converted into cash are being considered. For instance, the amount due from debtors is a current liability and when it is paid, then it is considered to be a current asset.

Therefore, the advantage written in option D is correct.

Learn more about the assets in the related link:

https://brainly.com/question/14404094

#SPJ2

Economics is the study of how individuals and societies allocate.

Answers

The field of Economics allows us to study how individuals and societies are able to allocate resources.

What is economics?

Economics is a field that studies the allocation of resources by a society to ensure that the needs of the society are met.

The reason the allocation of resources needs to be studied is because they are scarce and so have to be allocated with opportunity cost in mind.

Find out more on opportunity cost at https://brainly.com/question/1549591.

#SPJ1

Dawn owns a hair salon and wants to open another store in the downtown shopping district. She goes to the bank to get a loan to start her business, and the bank gives her a loan that is backed by her good reputation and previous credit rating. Which type of bank loan does this scenario best describe

Answers

The type of bank loan which this scenario best describes is an unsecured loan

What is a Bank Loan?

This refers to the amount borrowed by a financial institution to a customer or individual to be repaid at a certain time.

Hence, we can see that based on the given scenario by Dawn who owns a hair salon, she collects a loan to start her business and it is backed, therefore, this is an unsecured loan

Answers

Employers include" Group health" plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.

What do you mean by fringe benefit program?

The fringe benefit program include health insurance, worker's compensations, retirement benefits and medical leave.

As a company it's the duty of owner and management to take care of their employees health.

It is very common to say that health is wealth. Therefore, it is mandatory in every company to cover all the health benefits for better growth.

Learn more about fringe benefit program, refer to the link:

https://brainly.com/question/20599659

#SPJ1

A group of customers that a business decides to focus its marketing efforts and, ultimately, its products on is a _____. target market niche industrial market consumer market

Answers

Answer:

Target market!!

Explanation:

Hope this helps:)

Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the second resource is 1.5 diners per hour. Demand for this process is 0.9 diners per hour.Instruction: Round your answer to three decimal places. What is the cycle time of this process (in minutes)

Answers

The cycle time of this process for the firm is 2.89.

What is a Cycle Time?

This refers to the average time between the start of production of one unit and the start of production of the next unit of production

Cycle Time = Net time available to work / Customer demand

Cycle Time = 1.1 + 1.5 / 0.9

Cycle Time = 2.88888888889

Cycle Time = 2.89.

Therefore, the cycle time of this process for the firm is 2.89.

Answers

Answer:

comitees in parliament had to leave officials in Pretoria, electricity demand was high...

To effectively run her company, Machi applies the ________, a management style the views her firm as an interdependent collection of departments, and as a single institution that interacts with suppliers, distributors, competitors, and customers.Multiple Choicecontingency viewpointsystems viewpointquantitative management approachhuman relations movementbehavioral science approach

Answers

To effectively run her company, Machi applies the Systems viewpoint a management style the views her firm as an interdependent collection of departments.

What is Systems viewpoint management style?

Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected which gives them the view that they should work with the management to achieve the goal of the organization.

Therefore ,Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected .

learn more about Systems viewpoint management style at:https://brainly.com/question/27778740

#SPJ1

Learning Task No. 3 Direction: Write the advantages ang disadvantages of the following packaging materials. Write your answer on a separate sheet of paper. Types of packaging Materials Advantage/s Disadvantage/s 1. Leaves 2. Vegetable Fibers 3. Wooden Crate 4. Paper 5. Earthenware 6. Glass 7. Plastic 8. Metal

Answers

To identify the advantages and disadvantages of packaging materials it is necessary to analyze the purpose, durability and protection of the product.

What is the best packaging for a product?

It will be one that protects the characteristics of the product, is durable and sustainable. Leaves, for example, are safe biodegradable materials for packaging some foods, but they still need more technological development for scale production.

Another example is that vegetable fibers are also sustainable materials but are also being used experimentally in the sustainability awareness phase.

Therefore, the ideal packaging will be one that protects the necessary characteristics of the product and is ecologically sustainable for the protection of the environment.

Find out more about sustainability here:

https://brainly.com/question/25350238

Using the national saving and investment identity, if private savings equal $3200, private investment equals $7800, and the government budget deficit equals $3300, what does the inflow of foreign savings equal

Answers

The inflow of foreign savings equal $7700.

Foreign savings

Using this formula

Foreign savings=Private saving +Private investment- Government budget deficit

Let plug in the formula

Foreign savings=$3200+$7800-$3300

Foreign savings=$7700

Therefore foreign savings equal $7700.

Learn more about foreign savings here:https://brainly.com/question/3924204

#SPJ1

Question 8 of 10
What is the best strategy when considering a financial aid package?
A. Consider grants as a last resort.
B. Attend the most expensive school, regardless of aid.
C. Settle on the school that is least costly, even if you don't really
want to attend.
D. Consider private loans as a last resort.

Answers

The best strategy when considering a financial aid package is to Consider grants as a last resort.

What is a financial aid package?

This is the aid that is provided to the people of the United States as an aid that would help them in their education.

The financial aid helps to take care of the tuition of the students who have issues with finance.

Answers

Using online and mobile banking apps to schedule money transfers to your savings account can help you meet savings goals.

How to manage personal budget?

It is essential to organize your accounts and expenses in a structured way, allocating resources to be used according to your needs and desires. For this you can use technological resources, creating spreadsheets in applications increasing control over your budget.

Therefore, the control over the personal budget helps in the individual financial balance, organizing the accounts according to their needs.

Find out more about personal budget here:

https://brainly.com/question/1943261

#SPJ1

Deandre and Mason both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California. Deandre and Mason will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's

Answers

Answer:

General Partnership

Explanation:

The general partnership is the type of business did they create if they both have full personal liability for the firm's.

What is business?

Business is defined as the activity of creating, purchasing, and reselling goods in order to support oneself or earn money. A company can make money from the goods and services it provides. The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.

General partnership is defined as a type of partnership where each member is responsible for the business ventures of the partnership. The parameters governing the division of earnings and losses, managerial activities, and interest transfers are negotiable in general partnerships.

Thus, the general partnership is the type of business did they create if they both have full personal liability for the firm's.

To learn more about business, refer to the link below:

https://brainly.com/question/15826771

#SPJ5

The monopsonist's marginal factor (rource) cost curve for labor is

Answers

The company must: hike the factor prices to hire additional employees, a monopolist's marginal factor cost curve is above its labor supply curve.

What is a marginal factor cost?

Marginal factor cost is the increment in the additional factor of production that leads to the increase in the one-unit amount.

It is showed in unit like the labor has worked ten per unit in the given period of time.

Thus, its labor supply curve.

For more details about marginal factor cost, click here:

https://brainly.com/question/22930104

#SPJ4

pls helppp...

19. A business provided the following information [Refer to image]. What was the total of the current liabilities?

a) 13 200
b) 15 400
c) 31 200
d) 32 700

Answers

Answer:

32 700

Explanation:

that is the answer 32 700

Suppose grapefruit is produced in a constant cost industry and sold in a perfectly competitive market. If the price for the grapefruit is lower than the average cost of producing grapefruit, what can we say about the long run equilibrium

Answers

What can we say about the long run equilibrium is: Fewer grapefruit will be produced.

What is perfectly competitive market?

Perfectly competitive market can be defined as the market in which producer or manufacturer product similar or identical product.

Suppose the price of grape fruit is lesser compare to the average cost of production it , this tend to mean that in the long run only fewer or little amount of grapefruit will be produced.

Therefore fewer grapefruit will be produced.

Learn more about Perfectly competitive market here:https://brainly.com/question/4190313

#SPJ1

A manufacturer purchases $163,000 of raw materials on credit. The journal entry to record the purchase of raw materials consists of a: Multiple Choice Debit to Accounts Payable for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Cash for $163,000.

Answers

The journal entry to enter the information will be C. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.

What is a journal entry?

It should be noted that a journal entry simply illustrates the debited and credit side of the financial transactions.

Here, the journal entry to enter the information will be to debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.

Learn more about journal on:

brainly.com/question/193810

#SPJ1

When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should:

Answers

When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.

What is GAAP?

The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.

In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.

Learn more about the accounting principles here:

https://brainly.com/question/16874947

#SPJ1

When a product reaches equilibrium price, then:
- The company will lose money
- The product will not sell
- The product will sell off the shelves
- The product will sell about 50%

Answers

Answer:

b the product will not sell

Is a stackelberg solution a Nash (stable) equilibrium? Explain. 2. Does the solution change if stackelberg game is considered in the long run? Explain. 3. Would a stackelberg leader collude with the stackelberg follower? Explain. 4. Would a Stackelberg leader be more likely or less likely to merge with the follower firm. Explain.

Answers

The Stackelberg solution can be used to find the perfect or stable Nash equilibrium or equilibria.

What is this equilibrium about?