Phillips company bought 40 percent ownership in jones bag company on january 1, 20x1, at underlying book value. During the period of january 1, 20x1, through december 31, 20x3, the market value of phillips' investment in jones' stock increased by $2,000 each year. In 20x1, 20x2, and 20x3, jones bag reported the following: Year Net Income Dividends

20X1 $ 8,000 $15,000 20X2 12,000 10,000 20X3 20,000 10,000 The balance in Phillips Company’s investment account on December 31, 20X3, was $54,000.

Required:

In each of the following independent cases, determine the amount that Phillips paid for its investment in Jones Bag stock assuming that Phillips accounted for its investment by carrying the investment at fair value, or using the equity method.

Fair value $

Equity method $

Answers

Answer 1

The initial investment cost using the equity method would be:

Investment account balance + Phillips' share of retained earnings = Initial investment cost = $54,000 + $10,400 = $64,400

Fair Value Method:

The cumulative increase in fair value over the three years would be:

$2,000 + $2,000 + $2,000 = $6,000

Therefore, the initial investment cost would be:  

$54,000 - $6,000 = $48,000

Equity Method:

By the equity method, Phillips would have recorded its share of Jones Bag's earnings each year, as well as its share of dividends received. Phillips' share of Jones Bag's earnings and dividends would be based on its 40% ownership interest.

Phillips' share of Jones Bag's earnings and dividends would be as following:

Year Earnings Dividends

20X1 $3,200 $6,000

20X2 $4,800 $4,000

20X3 $8,000 $4,000

$40,000 - $14,000 = $26,000

Phillips' share of retained earnings would be 40% of $26,000, or $10,400.

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Related Questions

1.1 write down the loan term of the truck in years

Answers

Answer:

if its 50,000k for example it is gonna be Loan term in years is 7 it depends on the price

Step-by-step explanation:

Calculate the area of ​​a four-sided regular pyramid if its base edge is a=10cm, and its side edge is b=12cm.​

Answers

The area of a four-sided regular pyramid, given the base edge and the side edge is 340 cm ² .

How to find the area ?

The area of a four-sided regular pyramid can be found by the formula :

= Area of base + 1 / 2 x perimeter of base x side edge

Area of base :

= 10 x 10

= 100 cm ²

Perimeter of base ;

= 10 + 10 + 10 + 10

= 40 cm

The area of the four-sided regular pyramid is;

= 100 + ( 1 / 2 x 40 x 12 )

= 340 cm ²

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Pls help me it’s easy make it quick

Answers

Answer:

Step-by-step explanation:

yes no yes

Question 2 of 10
Frank is a champion fish charmer who can charm fish with .62 probability of
success. If he attempts to charm 100 fish, what's the probability he'll charm
between 60 and 80 inclusive? Solve using two methods: normal
approximation without the continuity correction, and normal approximation
with the continuity correction.
A. 332, 337
B. 323, .291
OC. 337,.332
OD. .660,.697
OE. 337,.323

Answers

The Solution using two methods are 323, .291, the correct option is B`.

How can we interpret probability?

Probability of an event is a measurement of how likely an event can occur as an outcome of a random experiment.

Probability ranges from 0 to 1, both inclusive. Events whose probability is closer to 0 are rarer to occur than those whose probabilities are closer to 1 (relatively).

When converted to percentage, we just need to multiply its decimal representation by 100. In percentage form, the probability ranges from 0% to 100%.

Given;

Frank is a champion fish charmer who can charm fish with .62 probability of success

He attempts to charm 100 fish, what's the probability he'll charm

between 60 and 80 inclusive

Now, probability out of 100

=62

This is between 60 and 80

So, 323

Therefore, the probability will be 323 and .291

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Which measure of centre is meaningful when the data are qualitative?
A. The range
B. The mean
C. The mode
D. The median

Answers

The correct answer is C. The Mode.

What is data in math?

Data is the collection of data term that is organized and formatted in a specific way it's typically contains fact observation or statistics that are collected through a process of measurement or research data set can be used to answer question and help make informed decision they can be used in a variety of ways such as to identify trends on cover patterns and make prediction.

This measure of centre is most meaningful when the data is qualitative because it shows the value that appears most frequently in the data set. The mode can be used to identify the most popular item or most commonly occurring outcome. It is the only measure of centre that can be used for qualitative data, as the other measures (mean, median, and range) require numerical data.

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Why is it important to use the Order of Operations? (WHAT YOU THINK)

Answers

Answer:it guarantees that people can all read and solve a problem in the same way.

Step-by-step explanation:

Put brackets into this calculation to make it correct.
6 x 1.5 + 4.9 x 4 = 55.6

Answers

Answer:

(6 x 1.5 + 4.9) x 4 = 55.6

Step-by-step explanation:

This season, the probability that the Yankees will win a game is 0. 61 and the probability that the Yankees will score 5 or more runs in a game is 0. 48. The probability that the Yankees lose and score fewer than 5 runs is 0. 32. What is the probability that the Yankees would score fewer than 5 runs when they lose the game? Round your answer to the nearest thousandth

Answers

Answer:

0.238

Step-by-step explanation:

Volume of right circular cylinder if radius is 7 and hight is 1. 5

Answers

The volume of the right circular cylinder with a radius of 7 and a height of 1.5 is 110.25 cubic units.

The volume of a right circular cylinder can be calculated using the formula:

V = π * r² * h

Where r is the radius and h is the height of the cylinder.

Plugging in the values for r and h, we get:

V = π * 7² * 1.5

V = π * 49 * 1.5

V = 73.5 * 1.5

Therefore, V = 110.25

So the volume of the right circular cylinder with a radius of 7 and a height of 1.5 is 110.25 cubic units.

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At a farmer’s market, a vendor sells soup that comes in two different-sized containers, both shaped like cylinders. When the small container is filled, it holds
10
10​ ounces of soup. The larger container’s diameter is
5
2
2
5

​ times larger than the small container’s diameter, and it is
5
2
2
5

​ times taller than the small container. How many ounces of soup will the larger container hold when filled?

You may round your answer to one decimal place

Answers

The larger container will hold 500 ounces of soup when filled.

We know that the formula for the volume of cylinder is: V = πr²h

Let us assume that for the smaller container, d₁ represents the diameter, r₁ represents the radius, h₁ represents the height of the container and v₁ represents the volume of the container.

So, using above formula, the volume of the smaller container would be,

v₁ = π × r₁² × h₁

10 = π × r₁² × h₁

For the larger container, d₂ represents the diameter, r₂ represents the radius, h₂ represents the height of the container and v₂ represents the volume of the container.

Using above formula, the volume of the larger container would be,

v₂ = π × r₂² × h₂

The larger container’s diameter is 5​ times larger than the small container’s diameter.

so, we get an equation

⇒ d₂ = 5d₁

⇒ r₂ = 5r₁

Also, the lrger container is 2​ times taller than the small container.

⇒ h₂ = 2h₁

Consider the ratio of volume of larger cotainer to the volume of smaller container.

v₁/v₂ =  (π × r₁² × h₁) / ( π × r₂² × h₂)

10/v₂ =  (r₁² × h₁) / ( (5r₁)² × (2h₁))

10/v₂ =  (r₁² × h₁) / ( 50 × r₁² × h₁)

10/v₂ = 1/50

v₂ = 500 ounces

which is 50 times more than the smaller container.

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The complete question is:

At a farmer’s market, a vendor sells soup that comes in two different-sized containers, both shaped like cylinders. When the small container is filled, it holds10​ ounces of soup. The larger container’s diameter is 5​ times larger than the small container’s diameter, and it is 2​ times taller than the small container. How many ounces of soup will the larger container hold when filled?

What is the value of y in the parallelogram below?
65⁰
/5yº
A. 13
B. 60
C. 110
D. 23
K

Answers

Answer: D, 25

Step-by-step explanation:

A parallelogram is 360 degrees, and every angle appears twice, so we can set up an equation to solve for the missing variable.

[tex]360 = 2(65) + 2(5y)[/tex]

Multiplying each angle by two shows that each angle appears twice in the shape, and once we multiply the values, we can simplify the equation to:

[tex]360-130=10y[/tex]

360 - 130 is 230, so divide both sides by 10 and you get 23 as the answer.

A coffee shop recorded the drinks that were recently sold. There is 1 mocha, 3 macchiatos, 5 Americanos, 7 lattes, and 4 espressos! Considering this data, how many of the next 15 drinks sold would you expect to be espressos?​

Answers

Answer:

one fifth would be espressos so 3

Step-by-step explanation:

A cookie company made 40 batches of
cookies in 8.25 hours. Assuming a constant
rate of production, at what rate, in hour(s) per
batch, was the cookies made?

Answers

The hourly rate that the batches of cookies were made is given as follows:

4.85 batches per hour.

How to obtain the hourly rate?

The hourly rate is obtained applying the proportions in the context of the problem.

A proportion is applied as the rate is obtained dividing the total production by the time in hours.

The parameters for this problem are given as follows:

Production of 40 batches.Time of 8.25 hours.

Hence the rate is given as follows:

40/8.25 = 4.85 batches per hour.

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On a certain hot​ summer's day,482 people used the public swimming pool. The daily prices are $1. 50 for children and $2. 00 for adults. The receipts for admission totaled 815. 50 How many children and how many adults swam at the public pool that​ day?

Answers

There were 297 children and 185 adults who swam that day. Let x be the number of children and y be the number of adults who swam that day.

According to the problem, we know that:

x + y = 482 ---(1) (total number of people who swam)
1.5x + 2y = 815.5 ---(2) (total revenue generated)

To solve for x and y, we can use any method of solving a system of linear equations, such as substitution or elimination. Here's how to solve using the substitution method:

From equation (1), we can write:

x = 482 - y

Substituting this into equation (2), we get:

1.5(482 - y) + 2y = 815.5

Simplifying and solving for y, we find:

723 - 1.5y + 2y = 815.5

0.5y = 92.5

y = 185

Substituting this value of y back into equation (1), we find:

x + 185 = 482

x = 297

Therefore, there were 297 children and 185 adults who swam that day.

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What would be the answer?

Answers

a) Sin2θ = 22/20 = 11/10

b) cos 2θ = 2(17/20) = 17/10

c)tan 2θ = 2(11/17) = 22/17

What are the trigonometric ratios?

The trigonometric ratios are six functions that relate the angles of a right triangle to the lengths of its sides. The six trigonometric ratios are: sine (sin), cosine (cos), tangent (tan), cosecant (csc), secant (sec), and cotangent (cot).

Sine (sin): The sine of an angle is the ratio of the length of the side opposite the angle to the length of the hypotenuse.

Cosine (cos): The cosine of an angle is the ratio of the length of the adjacent side to the length of the hypotenuse.

Tangent (tan): The tangent of an angle is the ratio of the length of the side opposite the angle to the length of the adjacent side.

If sin θ = 11/20

The missing side of the triangle is;

b = √20^ - 11^2

b = 17

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The values of three consecutive even integers must be if their sum is 6000

Answers

If the sum of three successive integers even numbers is 6000, then their values must be 1998, 2000, and 2002.

In addition tangere is the root of the Latin word integer, which meaning "whole" and "untouched." The word "entire" is derived from the French word entier, which also means entire and integer. The expression was once used to describe a multiple of 1 or the whole part of a mixed number. The definition of the term was given as the collection of all positive integers, which is the same as the collection of all natural numbers. The concept of integer was expanded to include negative integers as the significance of those numbers came to be realized through time. For instance, in his 1765 book Elements of Algebra, Leonhard Euler stated that integers might contain both positive and negative values. Up until about the middle of the 20th century, most European mathematicians ignored negative numbers.

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which of the points shown below are on the line given by the equation y=x+4? check all that apply.

point a: (-1,3)
point b: (2,6)
point c: (-2,-2)
point d: (2,4)

Answers

Step-by-step explanation:

These points are in (X, Y) form. What you want to do is plug in the X coordinates into the equation and see if it equals the Y coordinate.

Equation: Y = X + 4

Point A: (-1, 3)

(-1) + 4 = 3

Point B: (2, 6)

(2) + 4 = 6

Point C: (-2, -2)

(-2) + 4 = 2

Point D: (2, 4)

(2) + 4 = 6

Only point A and point B equal their Y coordinate, making A and B the only correct answers.

Can somebody please look at the picture and help me

Answers

The relation does not relate y as a function of x because point (2,2) and (3,2) have the same y value. Hence, option 2 is the correct answer.

What is a function?

A relation between a collection of inputs and outputs is known as a function. A function is, to put it simply, a relationship between inputs in which each input is connected to precisely one output. Each function has a range, codomain, and domain. The usual way to refer to a function is as f(x), where x is the input. A function is typically represented as y = f. (x).

We know that a function is a relationship between inputs where each input is related to exactly one output.

In the given graph (2,2) and (3,2) have the same y value that is two inputs have same output.

Hence, the relation does not relate y as a function of x because point (2,2) and (3,2) have the same y value and option 2 is the correct answer.

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true or false? a. a 95% confidence interval for the odds ratio between mi (yes, no) and treatment (placebo, aspirin) is (1.44, 2.33). if we form the table with aspirin in the first row (instead of placebo), the confidence interval is (1/2.33, 1/1.44)

Answers

The statement is true. A confidence interval is a range of values that is likely to contain the true value of the parameter with a certain degree of confidence.

In this case, we are interested in the odds ratio between MI (yes, no) and treatment (placebo, aspirin).

If the 95% confidence interval for the odds ratio between MI and placebo is (1.44, 2.33), this means that we can be 95% confident that the true odds ratio falls between these two values. This implies that the odds of having an MI are between 1.44 and 2.33 times greater for those taking the placebo compared to those taking aspirin.

When we switch the rows so that aspirin is in the first row, we need to take the reciprocal of the upper and lower bounds of the confidence interval to get the new interval. This is because the odds ratio is calculated as the odds of MI for one group divided by the odds of MI for the other group, and switching the groups changes the ratio.

So, if we take the reciprocal of the lower and upper bounds of the original interval, we get:

1/2.33 and 1/1.44

which is the new 95% confidence interval for the odds ratio when aspirin is in the first row. Therefore, the statement is true.

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In a simple linear regression model we use the normal quantile plot of the residuals to evaluate if it is reasonable to assume the _____ come from a normal distribution.
a. Response Variable
b. Explanatory Variable
c. Observations
d. Errors

Answers

To determine whether the errors from the linear regression model are from a normal distribution, examine the normal quantile plot of the residuals.

Calculating the regression equation is the first step in a straightforward linear regression model. The link between the explanatory variable (x) and the response variable is modelled using this equation (y). A linear function of the explanatory variable, an intercept term, and an error term make up the regression equation. The errors or residuals (e), which indicate the difference between the observed and expected values of the response variable, are calculated as the following step. To evaluate the regression model's accuracy, the residuals are crucial.  The residuals are then plotted using a normal quantile to see whether it is acceptable to believe that the errors are derived from a normal distribution. Because linear regression models presume that the errors are regularly distributed, this is significant. The residuals' normal quantile plot shows the distribution of the mistakes graphically, making it simpler to determine whether the errors follow a normal distribution. The linear regression model might not be the optimal one to employ if the errors do not follow a normal distribution.

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What percentage of calls with the Chicago service center answer within 10 seconds in January of 1994?

Answers

Answer:

Option B

Step-by-step explanation:

The green graph represents the percentage of calls with the Chicago service center.
For December 1993, the percentage of calls is coming out to at least 95 percent. In addition, the graph is increasing as months go by. Based on these two analysis, the estimate percentage of calls within 10 seconds in January of 1994 is:

Option B: 98

Factor 64+56. Write your answer in the form a(b+c) where a is the GCF of 64 and 56.

Answers

Answer:

8(8+7)

Step-by-step explanation:

64+56
8 is the GCF
8(8+7)

Rate my profile pic 1-10

Answers

Answer:

10

Step-by-step explanation:

i love how you look like a dinosaur

please help will give brainliest

Answers

Answer: D

Step-by-step explanation: I can't really see everything well but I think it is D

If 20 employees work in the office and 28 work in warehouse. What is the ratio of employees who work in the office to employees who work in the warehouse?

Answers

The ratio of employees who work in the office to employees who work in the warehouse is 5: 7

A ratio is a comparison of two quantities, and it is expressed as a fraction.

To find the ratio of employees who work in the office to employees who work in the warehouse, we need to first determine the total number of employees. In this case, we add the number of employees in the office (20) to the number of employees in the warehouse (28), which gives us a total of 48 employees.

Next, we can express the ratio of office employees to warehouse employees as a fraction by using the following formula:

Ratio = Quantity of First Term / Quantity of Second Term

In this case, the first term is the number of employees who work in the office (20) and the second term is the number of employees who work in the warehouse (28). So, the ratio of office employees to warehouse employees is:

Ratio = 20 / 28

Simplifying this fraction, we get:

Ratio = 5 / 7

This means that for every 5 employees who work in the office, there are 7 employees who work in the warehouse.

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Jude types 1,274 characters in 7 minutes. What is her typing rate in characters per minute?
A.
187 characters per minute
B.
184 characters per minute
C.
182 characters per minute
D.
179 characters per minute

Answers

Using arithmetic operation Jude's typing rate is 182 characters per minute, which is option C.

What is arithmetic operation?

A subject of mathematics known as arithmetic operations deals with the study and use of numbers in all other branches of mathematics. Basic operations including addition, subtraction, multiplication, and division are included.

To find the typing rate in characters per minute, we need use arithmetic operation of division.

Divide the number of characters by the number of minutes -

Typing rate = Number of characters / Number of minutes

In this case, Jude types 1,274 characters in 7 minutes, so her typing rate is -

Typing rate = 1274 / 7 = 182

Therefore, the typing rate is 182 characters/minute.

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prove by induction that if we remove the root of a k-th order binomial tree, it results in k binomial trees of the smaller orders. you can only use the definition of bk. per the definition, bk is formed by joining two bk−1 trees.

Answers

By induction, it can be concluded that if we remove the root of a k-th order binomial tree, it results in k binomial trees of the smaller orders.

1. To prove by induction that if we remove the root of a k-th order binomial tree, it results in k binomial trees of the smaller orders, we can use the following steps:

2. Base case: For k = 1, we have a single node, and if we remove the root, there is no tree left.

3. Inductive hypothesis: Suppose that the result holds for some k = n, that is, if we remove the root of an n-th order binomial tree, it results in n binomial trees of the smaller orders.

4. Inductive step: We need to prove that the result also holds for k = n + 1. To do this, we consider a (n + 1)-th order binomial tree. According to the definition, this tree is formed by joining two n-th order binomial trees. Let's call them T1 and T2. If we remove the root of this tree, the two subtrees T1 and T2 will become the n binomial trees of the smaller orders. These n binomial trees are all distinct because they correspond to the different possible combinations of nodes in the two subtrees T1 and T2.

Therefore, by induction, it can be concluded that if we remove the root of a k-th order binomial tree, it results in k binomial trees of the smaller orders.

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(2x^-2y^3/3xy^-4) write answer only using positive exponents

Answers

By using only the positive exponents , the answer of the expression (2x⁻²y³/3xy⁻⁴) is  (2y⁷)/(3x³)  .

The Exponents, are defined as a shorthand way of representing the repeated multiplication of a base number by itself. The exponent is the small raised number that indicates how many times the base number is multiplied by itself.

For example, in the expression 2⁴, the base number is 2 and the exponent is 4,

We use the law of exponents to simplify the expression :

the expression is : (2x⁻²y³/3xy⁻⁴) ;

by using the rule that : a⁻ⁿ = 1/aⁿ  ;

we get ;

⇒ (2y³y⁴)/(3xx²) ;

On adding the exponents having the same base ,

we get ;

⇒ (2y⁷)/(3x³)  ;

Therefore , the simplified value of (2x⁻²y³/3xy⁻⁴) is (2y⁷)/(3x³) .

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The given question is incomplete , the complete question is

Write answer only using positive exponents , (2x⁻²y³/3xy⁻⁴) .

You make 3 quarts of tomato sauce from 2 baskets of tomatoes. How much tomato sauce can you make from 5 baskets of tomatoes?
7 1/2 quarts
3 1/3 quarts
4 quarts
6 quarts

Answers

5 baskets of tomatoes can make 7 1/2 quarts of tomato sauce.

What is cross-multiplication?

To discover the unknown values in a mathematical equation, we cross multiply the numbers in the equation. The method of cross multiplication is frequently employed to identify the missing variable in an equation. We multiply both the numerator and denominator of the provided expression or fractions.

Given that, we get 3 quarts of tomato sauce from 2 baskets of tomatoes.

Thus,

2 baskets = 3 quarts

5 baskets = x

Use the method of cross multiplication or butterfly method for multiplication.

x = (3)(5)/2

x = 15/2

x = 7 1/2

Hence, 5 baskets of tomatoes can make 7 1/2 quarts of tomato sauce.

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Find the inequality based on the graph

Answers

The inequality represented by the graph is given as follows:

y < 4x - 2.

How to obtain alinear function?


The slope-intercept definition of a linear function is given as follows:

y = mx + b.

In which:

The slope m represents the rate of change.The intercept b represents the value of y when x = 0.

The graph crosses the y-axis at y = -2, hence the intercept b is given as follows:

b = -2.

When x increases by 1, y increases by 4, hence the slope m is given as follows:

m = 4.

The values to the left of the line are shaded, hence the inequality represented by the graph is given as follows:

y < 4x - 2.

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The 147 heights of males from a data set of body measurements vary from a low of 152.0 cm to a high of 192.5 cm. Use the range rule of thumb to estimate the standard deviations and comparethe result to the standard deviation of 12.22 cm calculated using the 147 heights. What does the result suggest about the accuracy of estimates of s found using the range rule of thumb? Assume theestimate is accurate if it is within 1.7 cm. Humans can visibly perceive light from about ____ to ____ nanometers.a. 400, 400b. 700, 400c. 400, 700d. 700, 700 lipids that contain a high number of double bonds in their fatty acid chains will ________. Help me please! So how do I put these from LEAST to GREATEST : -29/2, 14.25, -14.3, 14% which political ideology reflects the idea that a multinational enterprise is an instrument of imperialist domination? multiple choice pragmatic nationalism radical view planned economy mercantilism free market What is an angular distance measured north or south of the equator from the center of Earth termed? PLEASE HELP ME!!!What role did labor specilization play in the development on Ghana? The area of a square is given by x2, where x is the length of one side. Mary's original garden was in the shape of a square. She has decided to double the area of her garden. Part 1 Enter an expression that represents the area of Mary's new garden. An expression that represents the area is Part 2 out of 2 Evaluate the expression if the side length of Mary's original garden was 9 feet. The area of Mary's new garden is square feet when a patient with hiv is admitted for an unrelated condition, you would code for the unrelated condition as the __________, and the hiv as _______. Is 0.8 electronegativity polar or nonpolar? How does the Treaty of Paris relate to the Declaration of Independence? Find the x - and y -components of the vector a = (11 m/s2 , 36 left of y -axis).Express your answer in meters per second squared. Enter the x and y components of the vector separated by a comma. The circumference of a circle is 81.64 feet. What is the radius of the garden? Use 3.14 for and do not round your answer A riff is a melodic phrase usually 3-6 bars long, which repeats over a changing melody.A. False, a riff is a melodic phrase which is usually 2-4 bars long and repeats over a changing harmony.B. False, a melody is a melodic phrase usually 3-6 bars long, which repeats over a changing harmony.C. False, a riff is a melodic phrase usually 1 bar long which repeats over a changing melody.D. True Mya uses a potato chip can to store small items. each cylindrical can has a radius of 2.5 inches and a height of 9 inches. what is the approximate surface area of the can? (use 3.14 for .) each of two persons tosses three fair coins. what is the probablity they obtain same number of heads What was Tunis Campbell regrets and failures during Reconstruction? the compound sodium carbonate is a strong electrolyte. write the transformation that occurs when solid sodium carbonate dissolves in water. True or false? When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should compare the additional benefits of the second car with the additional cost of the second car. A piece of gold-alminium alloy weighs 49N. When suspended from a spring balance and submerged in water it weighs 39.2N. What is the weight of Gold in the alloy the specific gravity of gold is 19.3 and that if aluminium is 2.5?