On january 1, 2018, dawson, incorporated, paid $100,000 for a 30% interest in sacco corporation. this investee had assets with a book value of $550,000 and liabilities of $300,000. a patent held by sacco having a book value of $10,000 was actually worth $40,000 with a six year remaining life. any goodwill associated with this acquisition is considered to have an indefinite life. during 2018, sacco reported income of $50,000 and paid dividends of $20,000 while in 2019 it reported income of $75,000 and dividends of $30,000. assume dawson has the ability to significantly influence the operations of sacco. the balance in the investment in sacco account at december 31, 2019, is:

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?