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A major manufacturer decided to put one of its divisions up for sale because managerial information showed the components produced by this division is losing money.
A group of employees in the division purchased it. Under the new ownership, the division immediately became profitable.
A. Why do you think the division was profitable immediately under the new ownership?
B. What kind of cost allocation method may have caused the sale of a profitable division, and can you suggest a better method of cost allocation? Explain why?
Young Co. acquired a 60% interest in Tomlin Corp. on December 31, 2006 for $945,000. During 2007, Tomlin had net income of $600,000 and paid cash dividends of $150,000. At December 31, 2007, the balance in the investment account should be
1 a companys board of directors votes to declare a cash dividend of 75cent per share. the company has 15000 shares
Prepare cash budget, cash balance and minimum cash balance-Using the information above, prepare a cash budget as of December 31, 2009.
Prepare journal entries to record the three dividend "events" that took place during 2011. If the company's common stock was value at $135 per share when the stock dividend was declared, what would the stock price be just after the dividend shares ..
Distinguish between a cost center, profit center and an investment center. Provide an example of each type.
Display Labs Inc recently began production of a new product, flat panel displays, which required the investment of $1,800,000 in assets.
Pierson Corporation owned 10,000 shares of Hunter Corporation. These shares were purchased in 2007 for $90,000. On November 15, 2011, Pierson declared a property dividend of one share of Hunter for every 10 shares of Pierson held by a stockholder.
The machine has a 5 year useful and has a salvage value of $3,000. The new machine will generate $8,000 in additional sales each year. Bob has a hurdle rate of 10%.
What type of normal balance does the Retained earnings account have-debit or credit and which type of income statement account has the same type of balance as the Retained earnings account?
What is a firm's weighted-average cost of capital if the stock has a beta of 1.45. Treasury bills yield 5%, and market portfolio offers an expected return of 14%? In addition to equity, the firm finances 30% of its assets with debt that has a yiel..
Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribution format Income Statement for the year.
On the basis of settlements other firms have received from this same country, Shoyo expects to receive 40% of the fair value of its properties as final settlement.
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