Situation 1 Riverbed Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2020. On June 30, Martinez declared and paid $74,000 cash dividend to all stockholders. On December 31, Martinez reported net income of $127,600 for the year. At December 31, the market price of Martinez Fashion was $13 per share.
Situation 2 Marin, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 31,300 outstanding shares of common stock at a total cost of $9 per share on January 1, 2020. On June 15, Seles declared and paid cash dividends of $36,600 to all stockholders. On December 31, Seles reported a net income of $80,100 for the year.
Prepare all necessary journal entries in 2020 for both situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.)

Answers

Answer 1

Answer:

Riverbed Cosmetics and Martinez Fashion

March 18, 2020:

Debit Investment in Martinez Fashion $2,580,000

Credit Cash $2,580,000

To record the acquisition of 10% of the 215,000 shares of common stock

June 30, 2020:

Debit Cash $7,400

Credit Dividend Income $7,400

To record dividend income received ($74,000 * 10%).

December 31, 2020:

Debit Investment in Martinez Fashion $215,000

Credit Unrealized Gain $215,000

To record the unrealized gain from the increase in share price.

Situation 2:

Marin, Inc. and Seles Corporation

January 1, 2020:

Debit Investment in Seles Corporation $84,510

Credit Cash $84,510

To record the 30% of Seles's 31,300 shares acquired at a total cost of $9 per share.

June 15, 2020:

Debit Cash $10,980

Credit Investment in Seles Corporation $10,980

To record the 30% of $36,600 dividends paid to all stockholders.

December 31, 2020:

Debit Investment in Seles Corporation $24,030

Credit Retained Earnings $24,030

To record the company's share of the net income.

Step-by-step explanation:

a) Data and Analysis:

Riverbed Cosmetics and Martinez Fashion

March 18, 2020: Investment in Martinez Fashion $2,580,000 Cash $2,580,000 10% of the 215,000 shares of common stock

June 30, 2020: Cash $7,400 Dividend Income $7,400 ($74,000 * 10%)

December 31, 2020: Investment in Martinez Fashion $215,000 Unrealized Gain $215,000

Situation 2:

Marin, Inc. and Seles Corporation

January 1, 2020: Investment in Seles Corporation $84,510 Cash $84,510

30% of Seles's 31,300 outstanding shares of common stock at a total cost of $9 per share

June 15, 2020: Cash $10,980 Investment in Seles Corporation $10,980

30% of $36,600 paid to all stockholders.

December 31, 2020: Investment in Seles Corporation $24,030 Retained Earnings $24,030


Related Questions

A tumor is injected with 0.3 grams of Iodine-125, which has a decay rate of 1.15% per day. To the nearest day, how long will it take for half of the Iodine-125 to decay?

Answers

Answer:

The time required is 60.3 days.

Step-by-step explanation:

initial amount, No = 0.3 g

rate, r = 1.15 % per day = 0.0115 per day

final amount, N = 0.15 g

Let the time is t.

[tex]N = No e^{-rt}\\\\0.15 = 0.3 e^{-0.0115 t}\\\\0.5 =e^{-0.0115 t}\\\\- 0.6931 = - 0.0115 t \\\\t = 60.3 days[/tex]

If a number is divisible by 6 and 8 then is it also divisible by 48?

Answers

Answer:

No

Step-by-step explanation:

Let's look at an example

24

24 is divisible by 6   24/6 = 4  

24 is divisible by 8   24/8 = 3

24 is not divisible by 48  24/48 = 1/2  which is not an integer

What are the Values for x,y,z?

Answers

Answer:

it can be any number1234567890

Mathew travels 42/50 meters in 26/30 minutes. Find the speed of Mathew in meters per second

Answers

Answer:

Step-by-step explanation:

Need help ASAP

In the figure, if the measure of ∠8 = 72o, what's the measure of ∠14?

Four Bisecting Lines

Question 3 options:

108°


72°


98°


62°

Answers

Answer:

72°

Step-by-step explanation:

[tex] m\angle \: 6 = m \angle \: 8 \\ (corresponding \: \angle s) \\ m\angle \: 8 = 72 \degree \\ \therefore \: m\angle \: 6 = 72 \degree \\ \\ m\angle \: 14 = m \angle \: 6 \\ (corresponding \: \angle s) \\\therefore \: m\angle \: 14 = 72 \degree [/tex]

I need this nowwww important

Answers

Answer:

7,7,12.5

Step-by-step explanation:

since we know that 2 sides are equal,

4x+1=5x-0.5

5x-4x=1+0.5

x = 1.5

sub x = 1.5 into the different eqns

4(1.5)+1 = 7

5(1.5)-0.5 = 7

9(1.5)-1 = 12.5

9 3/5 % as a decimal, rounded to 3 decimal places, is:

Answers

9 3/5 as a decimal rounded to 3 decimal places is 9 3/5 = 9.6

A machining center is in charge of producing 225 parts per day. The parts width. Any parts produced between 250mm and 260mm are considered gless than 250mm must be reworked at an additional cost of $8 per part. 260mm must be reworked at an additional cost of $2.50 per part. The varquantified as a standard deviation of 5.0mm. Measurements on these parhave the ability to set up the machine to achieve whatever mean width value you wish.

Required:
Setup a data table to determine the mean width setting that will minimize expected rework cost ($8 per small part and $2.50 per large part).

Answers

Answer: 5.0•2.50
Reason: it’s first grade level math

Use appropriate algebra and Theorem 7.2.1 to find the given inverse Laplace transform. (Write your answer as a function of t.)
(s + 1)3

Answers

Expand the expression as

(s + 1)³/s ⁵ = (s ³ + 3s ² + 3s + 1)/s

… = 1/s ² + 3/s ³ + 3/s ⁴ + 1/s

Then taking the inverse transform, you get

LT⁻¹ [1/s ² + 3/s ³ + 3/s ⁴ + 1/s ⁵]

… = LT⁻¹ [1/s ²] + LT⁻¹ [3/s ³] + LT⁻¹ [3/s ⁴] + LT⁻¹ [1/s ⁵]

… = LT⁻¹ [1!/s ²] + 3/2 LT⁻¹ [2!/s ³] + 1/2 LT⁻¹ [3!/s ⁴] + 1/24 LT⁻¹ [4!/s ⁵]

… = t + 3/2 t ² + 1/2 t ³ + 1/24 t

Miles recorded his height, in inches, from age 10 to age 18, as shown in the table. Age, x 10 11 12 13 14 15 16 17 18 Height, y 54 58 61.5 64.5 68 70 73 74 74.5 What is the square root function that best models this set of data?

Answers

Answer: Y=10.76 √(x-9.12)+43.64

Step-by-step explanation:

What are the domain and range of the function represented by the table?
X
-1
-0.5
0
0.5
1
y
3
4
5
6
7
A. Domain: -1 sxs 1
Range: y2 3
B. Domain: -1sxs1
Range: 3, 4, 5, 6, 7}
C. Domain:{-1, -0.5, 0, 0.5, 1}
Range: {3, 4, 5, 6, 7}
D. Domain:{-1,-0.5, 0, 0.5, 1}
Range: y23

Answers

The answer to your question is c

Rewrite the fraction in the sentence below as a percentage. From 125 yards away, a marksman hit 11/20 of the targets last year.

Answers

Answer:

Step-by-step explanation:

11/20 = 55/100 = 55%

55%

11/20 is .55, which in percentage form is simply 55%.

Hope this helps! Please make me the brainliest, it’s not necessary but appreciated, I put a lot of effort and research into my answers. Have a good day, stay safe and stay healthy.

Question 1 of 10
If f(x)= 2 -3 and g(x) = 4x2 + x - 4, find (f+ g)(x).
O A. 4x+x-7
O B. 4x2 +5x-1
O c. 6x2 - 7
OD 6+x-1
A
SUBMIT

Answers

Answer:

I believe it's A

Step-by-step explanation:

I'm not sure sorry if its wrong

I don’t know the answer!!
I’m new to this app and I need help if you know the answer please tell me I don’t know English very good please help me.

Answers

Answer:

A. 2.04 seconds

B. 5.92

C: 1.48 -  0.4 = 1.08 seconds    

Step-by-step explanation:

~~~~~~~~~~~~~~~~~~~~~

USE THIS TO GET "B"

the f(-b/2a) is the highest point,

the vertex of the parabola [-b/2a, f(-b/2a)] will give you the time

and height of the highest point

~~~~~~~~~~~~~~~~~~~

USE THIS TO GET "A"... you will get two answers one will be negative

ignore that one , the positive one is the time to hit the ground

if you factor the equation (use the quadratic formula) you will get

the "zeros" that is where the ball is on the ground...

~~~~~~~~~~~~~~~~~~~~~~~

THIS IS FOR PART "C"

if you set the equation equal to 4.5 meters and factor that for the "zeros" you will get the two times that the ball is at that height.. subtract the two times for the duration

Donald has x twenty dollar bills and 1 yen dollar bill. How much money does Donald have?
Write your answer as an expression

Answers

Y=20x+1

I think, hope this helps!

What is the length of CD? In this diagram, AABC ~ AEDC. 20-% c * 7 21​

Answers

Answer:

[tex]\frac{BC}{DC}=\frac{AC}{EC}[/tex]

[tex]\frac{20-x}{x} =\frac{21}{7}[/tex]

[tex]\frac{20-x}{x} =3[/tex]

[tex]20-x=3x[/tex]

[tex]4x=20[/tex]

[tex]x=5[/tex]

[tex]So, CD=5[/tex]

OAmalOHopeO

Solve equation by using the quadratic formula

Answers

Answer:

x = -2

Step-by-step explanation:

x^2 + 4x + 4 = 0

quadratic formula:

-b +or- sqrt(b^2-4ac)/2a

-4 +/- sqrt ((-4)^2-4*1*4)/2*1

-4+/- sqrt(16-16) / 2

-4 +/- 0 / 2

-4/2

-2

Which of the following is the solution of 2x + 14 = 22?
x = 4
O x=8
X = 11
OX= 14

Answers

Answer:

x=4

Step-by-step explanation:

2x + 14 = 22

Subtract 14 from each side

2x+14-14 = 22-14

2x = 8

Divide by 2

2x/2 = 8/2

x = 4

Question 4(Multiple Choice Worth 1 points) (08.01 LC) What are the x-intercepts of the parabola? graph of parabola falling from the left, passing through 2 comma 3 to about 4 comma negative 1, and rising to the right, passing through 6 comma 3 (0, 3) and (0, 5) (0, 4) and (0, 5) (3, 0) and (5, 0) (4, 0) and (5, 0)

Answers

Answer:

(4, 0) and (5, 0)

Step-by-step explanation:

Given

See attachment for graph

Required

The x intercepts

This is the point where [tex]y = 0[/tex]

From the graph, we have the following as the x-intercepts:

[tex](x_1,y_1) = (4,0)[/tex]

[tex](x_2,y_2) = (5,0)[/tex]

Because the curve crosses the x-axis at the above points

Answer:

(4, 0) and (5, 0)

Step-by-step explanation:

have a great day and please mark brainliest!

An angle measures 19.4° more than the measure of its complementary angle. What is the measure of each angle?

Answers

Answer:

37.8+52.2=90

Step-by-step explanation: x + (x + 14.4) = 90

2x + 14.4 = 90

2x = 75.6

x = 37.8  (one angle)

And (x + 14.4) = 52.2 (other angle).

Graph the line with slope
3/4
passing through the point (-1, 4).

Answers

Answer:

y=3/4x+19/4

Step-by-step explanation:

y=mx+c

4=3/4*-(1)+c

4=-3/4+c

c=4+3/4

c=19/4

y=3/4x+19/4

Zelina scored 10% higher on her second quiz than on her first quiz. On her third quiz, Zelina scored 20% higher than on her second quiz. Her third quiz score is what percent higher than her first quiz score?

Answers

Answer:

30%

Step-by-step explanation:

you just add 10% and 20%

Hope it helps c:

Zelina scored 32% higher on the third quiz than on her first quiz.

What is the percentage?

The Percentage is defined as representing any number with respect to 100. It is denoted by the sign %.

Given that:-

Zelina scored 10% higher on her second quiz than on her first quiz. On her third quiz, Zelina scored 20% higher than on her second quiz.

From the given data we will see that:-

1 ) Zelina scored 10% higher on her second quiz than on her first quiz.

SQ = 1.10 FQ

2 ) On her third quiz, Zelina scored 20% higher than on her second quiz

TQ = 1.20SQ

From the above to expression solve for the first quiz:-

TQ = 1.20 x  1.10 FQ

TQ = 1.32FQ

Therefore Zelina scored 32% higher on the third quiz than on her first quiz.

To know more about percentages follow

https://brainly.com/question/24304697

#SPJ2

The graph of a quadratic function has x-intercepts of -7 and -1, and passes through the point (-4,36). Determine the equation of the quadratic function in the form
f(x) = a(x - m)(x − n).

Answers

9514 1404 393

Answer:

  f(x) = -4(x +7)(x +1)

Step-by-step explanation:

The x-intercepts tell us that m=-7 and n=-1. We can use the given point to find 'a'.

  f(-4) = 36

  a(-4+7)(-4+1) = 36

  a = 36/-9 = -4 . . . . divide by the coefficient of 'a'

Filling in the known values, ...

  f(x) = -4(x +7)(x +1)

12,963 rounded to the nearest hundredth

Answers

9514 1404 393

Answer:

12,963.00 (in the US)12,96 (some other places)

Step-by-step explanation:

In the US, a decimal point is represented by a period. This value is interpreted as an integer with no fractional part, so the fractional part is zero:

 12,963.00

__

Some other places, a comma is used to identify the beginning of the decimal fraction. In that form, this number has a fractional part that has 3 as its thousandths digit. The value of 3 is less than 5, so the number is simply truncated at the hundredths place.

  12,96

If the thousandths digit were 5 or greater, then 1 hundredth would be added to the truncated number.

Let log base aU=X and log base aV=Y, then a to the x power =? and a to y power =?

Answers

Answer:

[tex]{ \bf{ log_{a}(U) = x}} \\ { \boxed{ \tt{ {a}^{x} = U}}} \\ \\ { \bf{ log_{a}(V) = y}} \\ { \boxed{ \tt{ {a}^{y} = V }}}[/tex]

When a closed curve is parameterized by {x[t], y[t]}, then as you advance along the curve in the direction of the parameterization, which way do the tangent vectors {x'[t], y'[t]} at {x[t], y[t]} point; in the direction you are going, or in the direction opposite to the direction you are going?

Answers

Answer:

In the direction you are going,

Explanation:

We know that the tangent to  {x[t], y[t]} are  {x'[t], y'[t]}. Since  {x'[t], y'[t]} are tangents at  {x[t], y[t]}, we know that the tangent at a point is always parallel to the direction of the function at that point and in the direction of the function. So, the tangent vectors {x'[t], y'[t]} at {x[t], y[t]} point in my direction of motion as I move along the curve.

So, the tangent vectors {x'[t], y'[t]} at {x[t], y[t]} point in the direction you are going.

Find x so that the distance between the points (1,2) and
(x, -10) is 13

Answers

Answer:

x = -4 or 6

Step-by-step explanation:

12^2 + (1-x)^2 = 13^2

(1-x)^2= 13^2 - 12^2

(1-x)^2= 25

1-x = 5

x = -4 or 6

What is 5x4 please help

Answers

Answer:

5 x 4 = 20.

Step-by-step explanation:

5 + 5 = 10

5 + 10 = 15

5 + 15 = 20!

Please mark brainliest!

- KanaKittyKat

Answer:

5 x 4 = 20

5 + 5 + 5 + 5 = 20

Please help!
I will be giving 20 points

Also give small explanations if needed

Answers

A) a scattershot graph is a good choice for this data because it’s easier for estimation and reading , a scatershot graph is like a line graph but for equations where you don’t connect the line

Yogi is 6 years older than Michelle. The sum of their ages is 26. Write a system of linear equations to represent this information. What are their ages?

Answers

Answer:

10 and 16, x+(x+6)=26

Step-by-step explanation:

Michelle has an age we don't know, so we put her age as x.

Yogi is 6 years older than her, so her age is x+6

Michelle=x

Yogi=x+6

we know both their ages equal 26. so we set it up as

x+(x+6)=26

combining like terms we get

2x+6=26

subtract 6 from both sides

2x=20

divide both sides by 2

x=10

now that we have the value for x, we plug it into their original ages

Michelle is 10, because her age is just x.

Yogi is 16, because her age is x+6

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