Business, 21.04.2020 16:59 marialuis2732
On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtained significant influence as the purchase represents a 40% ownership stake in Towson Company. On August 1, 2018, Towson Company paid cash dividends of $21,000. Baltimore Company intended this investment to a long-term investment. On December 31, 2018, Towson Company reported $75,000 of net income for FY 2018. Additionally, the current market price for Towson Company's stock increased to $21 per share at the end of the year. Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018. (Round to the nearest dollar.)
Answers: 1
Business, 22.06.2019 01:00
When color is used on a topographical drawing, black is used to represent what?
Answers: 1
Business, 22.06.2019 06:30
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
Business, 22.06.2019 13:00
Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:
Answers: 1
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13...
Mathematics, 24.09.2021 14:00
Biology, 24.09.2021 14:00
History, 24.09.2021 14:00
Mathematics, 24.09.2021 14:00
Mathematics, 24.09.2021 14:00
Biology, 24.09.2021 14:00
Mathematics, 24.09.2021 14:00
Mathematics, 24.09.2021 14:00
History, 24.09.2021 14:00
Mathematics, 24.09.2021 14:00
Mathematics, 24.09.2021 14:00