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Assoli18
11 days ago
15

On January 2, 2020, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000. Ranger's net income

for the years ended December 31, 2020, and December 31, 2021, were $10,000 and $50,000, respectively. During 2021, Ranger declared and paid a dividend of $60,000. There were no dividends in 2020. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $70,000. What is the effect of this investment on the 2021 income statement
Business
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Gamma, Inc. has struggled for industry dominance with Ardent, Inc. its main competitor, for years. Gamma has gathered and analyz
stepan [3596]

Answer:

Casual Ambiguity

Explanation:

Analyzing the provided details, it appears that the foundation of Ardent's success is attributed to Casual Ambiguity. This term describes a scenario wherein it's nearly unfeasible to connect outcomes to their original states or origins. This is evident in Ardent's substantial success and its edge over rivals. Similar dynamics can be seen in the pricing trends of stocks, options, futures, and related financial products on markets.

5 0
3 months ago
Kirk wants to get an FHA loan. Which of the following is Kirk himself not likely to do during the application process?
Free_Kalibri [3773]

Response:

C. Locate a lender that is prepared to provide FHA loans.

Explanation:

The FHA loan program was established by the U.S. government to make home ownership more accessible for citizens. To qualify, the minimum credit score required is 500, with a down payment of 3.5% for scores of 580 or above, and 10% for scores between 500 and 579. Additionally, mortgage insurance must be acquired, and the proposed property must comply with FHA standards.

However, it is not within his control to find a lender offering FHA loans, as the lender must be sanctioned by the Federal Housing Administration. He can only secure a loan from a financial institution approved by the FHA.

4 0
3 months ago
Assume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic i
harina [3808]

Answer:

$311,100

Explanation:

Solution

Let's remember the following details:

The assumption is that Chester Corp has reduced its workforce by = %

The estimated cost of exit interviews = 100

Normal separation expenses = $5000

Now,

The total number of employees = 305

The reduction in workforce = 20%

So,

The number of employees being laid off = 305 x 20% = 61 individuals

Thus,

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Total expense per individual = $5,100

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The overall separation cost = 61 individuals x total separation cost per employee

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= 61 x 5100 = $311,100

3 0
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When the effective interest rate method of amortization is used, the amount of interest expense for a given period is calculated
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Answer: The assertion in the question is false.

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Thus, the claim in the question is false.

8 0
3 months ago
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