On December 31, 2019, Akron, Inc., purchased 5 percent of Zip Company's common shares on the open market in exchange for $16,050. On December 31, 2020, Akron, Inc., acquires an additional 25 percent of Zip Company's outstanding common stock for $94,000.



During the next two years, the following information is available for Zip Company:



Income Dividends Declared Common Stock
Fair Value (12/31)
2019 $321,000
2020 $79,000 $6,200 376,000
2021 89,000 15,800 478,000


At December 31, 2020, Zip reports a net book value of $280,000. Akron attributed any excess of its 30 percent share of Zip's fair over book value to its share of Zip's franchise agreements. The franchise agreements had a remaining life of 10 years at December 31, 2020.

On Akron’s December 31, 2021, balance sheet, what amount is reported for the Investment in Zip account?

Answers

Answer 1

The amount reported for the investment in Zip Company by Akron's December 31, 2021, balance sheet is $143,400, which is the fair value of the Common Stock of Zip Company.

What is the fair value of an investment?

The fair value of an investment is the current value and not the historical cost when the investment was made.

Fair value refers to the intrinsic worth of an asset or security.

Data and Calculations:

           Income   Dividends     Common Stock      Akron's Investment

                           Declared      Fair Value (12/31)     in Zip Company

2019                                             $321,000         $16,050 ($321,000 x 5%)

2020  $79,000   $6,200             376,000        $94,000 ($376,000 x 25%)

2021     89,000    15,800             478,000        $143,400 ($478,000 x 30%)

Excess attributed to share of Zip's franchises = $33,350 ($143,400 - $110,050).

Thus, the amount reported for the investment in Zip Company by Akron's December 31, 2021, balance sheet is $143,400.

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Related Questions

state whether each function is a linear function. write yes or no. explain.
xy = - 1

Answers

Answer:  It's not linear.

Step-by-step explanation: A linear function must have a degree of 0 or 1. This function equals to y= -1/x. -1/x has a degree of negative 1 since x^-1 =1/x. So this is not linear.

Express the formula V = r². H in terms of the height, H. Use that formula to find the height when the volume is
45 and the radius is 3.
H =
-²; H = 30
H =
₁H=5
C H =
₁; H = 7.5
2.zr
C H = 1; H = 15

Answers

The formula in terms of H is H = V ÷ πr². Value of height is 5.

We are given the formula -

V = πr²H, where V represents volume and H represents height. To rewrite the formula in terms of H, we will shift it to Left Hand Side -

H = V ÷ πr²

Keep the value of Volume and radius in formula to find the height.

H = 45π ÷ π(3)²

Taking square of 3 and cancelling π

H = 45 ÷ 9

Performing division to find the value of height

H = 5

Therefore, the formula is V ÷ πr² and value of height is 5.  

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The complete question is attached in figure.

(3x-5) + (x+1) = 180

Answers

The value of 'x' for the given expression is calculated as (x = 48).

What is defined as the linear equation in one variable?

A linear equation in one variable is an equation that has only one solution.

It is expressed in the form ax+b = 0, where a and b are two integers and x is a variable. The numbers a' and b' are real numbers.'a' and 'b' are both greater than zero.2x+3=8, for example, is a linear equation with a single variable.

Now, for the given expression;

(3x-5) + (x+1) = 180

Open the brackets.

3x-5 + x+1 = 180

Add the similar parts;

4x - 4 = 180

Further simplifying;

4x = 180 + 4

4x = 184

x = 184/4

x = 48

Therefore, the value of 'x' is estimated as 48.

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Find all integer solutions of each system of inequalities.
a) 6-4b>0
3b-1>0
b) 3-18x<0
0.2-0.1x>0

Answers

Answer:

A: [tex]b < \frac{3}{2}[/tex] and the second equation is: [tex]b > \frac{1}{3}[/tex]

B: [tex]x > \frac{1}{6}[/tex] and the second equation is: [tex]x < 2[/tex]

---------------------------------------------------

Hope this helps!

Have a great day and God bless! :)

The function is not differentiable at x

Answers

The correct value of m = 6 and b = -9.

The function f(x) is differentiable at x = 3 and we know that if a function is differentiable at some point means that it is continuous at that point also.

Here function is continuous at x = 3 piecewise

m(3) + b = (3)²

3m + b = 9 .....(1)

and function is differentiable at ( x = 3 ) piecewise

d/dx ( m * x + b ) = d/dx (x)² at ( x= 3 )

( m + 0 ) = 2x  at ( x = 3 )

m = 2 * 3

m = 6

By placing the value of m in equation (1)

3m + b = 9

3 * 6 + b = 9

18 + b = 9

b = 9 - 18

b = -9

Therefore, the value of m = 6 and b = -9.

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the inequality always, sometimes, or never true
4x8> 1 + 4(x + 3)

Answers

The given inequality  is never true which means it has no solutions. If an inequality has no actual solution, then there aren't any numbers that might be used to solve it and make the statement true. An inequality can be made true by substituting any real number into it if the solution to the inequality is all real numbers.

Given the expression is 4x ₋ 8 > 1 ₊ 4(x₊3)

first apply the distributive property.

4x ₋ 8 > 1 ₊ 4x ₊ 12

now combine the like terms.

4x ₋ 8 > 4x ₊ 13

Variables should be moved to the equation's left side.

4x ₋ 4x > 13 ₊ 8

combine like terms.

0 > 13 ₊ 8

calculate the sum.

0>21

This is the solution of inequality which has no solutions.

Hence the inequality of the expression is never true.

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Which is an illustration of the associative
property?
a. (b.c) = (b.c).a
α · b = α
a (b.c) = (a.b).c
a.b=b.a

Answers

The associative property of multiplication states:

If a, b, and c are ≠ to 0, then a•(b•c)=(a•b)•c

Essentially, it states that the order in which numbers are grouped and multiplied does not matter.

Check all relationships between 1 and 22.

Answers

Answer:

adjacent , linear pair ,

Step-by-step explanation:

and i don't think there is something else

Kathi and Robert Hawn had a pottery stand at the annual Skippack Craft Fair. They sold some of their pottery at the original price of $13.50 ​each, but later decreased the price of each by ​$4.00. If they sold all 91 pieces and took in $972.50​, find how many they sold at the original price and how many they sold at the reduced price.

Answers

The number sold at the original price is 27 and they sold 64 at the reduced price.

How to calculate the value?

Let x = number of pieces sold at 13.50

Let y = number of pieces sold at 9.50

The equation will be:

x + y = 91. ..... i

13.50x + 9.50y = 972.50 ..... ii

From equation i x = 91 - y

13.50x + 9.50y = 972.50

13.50(91 - y) + 9.50y = 972.50

1228.50 - 13.50y + 9.50y = 972.50

1228.50 - 4y = 972.50

4y = 1228.50 - 972.50

4y = 256

y = 256/4

y = 64

Since x + y = 91

x = 91 - 64 = 27

Therefore, the number sold at the original price is 27 and they sold 64 at the reduced price.

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A blueprint of a house shows a dining room wi an area of 7 square inches. If the blueprint' scale is 1 inch : 6 feet, what would be the act area of the dining room? 1​

Answers

The Actual area of the dining room is: 252 square feet.

How to Find the Actual Area Using Scale?

Given that the area of the house on a blue print = 7 square inches.

Scale of the blue print = 1 inch : 6 feet.

Therefore, we would have the following proportion:

Area on blue print/actual area = square of the scale

7/actual area = 1²/6²

7/actual area = 1/36

Actual area = (7)(36)

Actual area = 252 square feet.

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Answer: Actual area (252 square feet).

Explanation:

How to Find the Actual Area Using Scale?

Given that the area of the house on a blueprint = is 7 square inches.

The scale of the blueprint = is 1 inch: 6 feet.

Therefore, we would have the following proportion:

The area on the blueprint/actual area = square of the scale

7/actual area = 1²/6²

7/actual area = 1/36

Actual area = (7)(36)

Actual area = 252 square feet.

Hope it helps!

7th-grade question
5. Sara used 4 1/2 packs of pencils in the first 1/4 of the year. At what rate
is Sara using pencils?
A. 1 1/8 packs per year
B. 6 packs per year
C. 16 1/8 packs per year
D. 18 packs per year

Answers

4 1/2 times 4= 18 packs per year


We get 4 above by adding 1/4 four times to complete a period of 1 year.
1/4 + 1/4 +1/4 + 1/4= 1 year

Check all relationships

Complementary
Linear pair
Adjacent
Vertical
Supplementary

Answers

Answer:

[tex]\implies[/tex]The answer is Adjacent and Complementary.

Step-by-step explanation:The two corners are complementary and adjacent to each other.So select Adjacent and Complementary.

K
What is 0.514 written as a power of 10??

Answers

Answer:

To write this is true scientific notation the decimal point needs to be moved 1 place to the right so the exponent for the 10s term will be negative:

0.514=5.14×10

−1

Answer:5.14

Step-by-step explanation:

PLEASE HELP!!!!!
A. What is 4.186 rounded to the nearest tenth?
B. What is 2.758 rounded to the nearest tenth?
C. What is 72.05 rounded to the nearest tenth?
D. What is 45.64 rounded to the nearest tenth?
E. What is 82.156 rounded to the nearest tenth?
F. What is 41.31 rounded to the nearest tenth?
G. What is 29.16 rounded to the nearest tenth?
H. What is 17.054 rounded to the nearest tenth?
I. What is 11.65 rounded to the nearest tenth?
J. What is 0.83 rounded to the nearest tenth?
K. What is 29.16 rounded to the nearest tenth?
L. What is 12.48 rounded to the nearest tenth?
M. What is 0.91 rounded to the nearest tenth?
_______________________________________________________
N. What is 20.5 rounded to the nearest whole number?
O. What is 13.71 rounded to the nearest whole number?
P. What is 71.23 rounded to the nearest whole number?
Q. What is 36.57 rounded to the nearest whole number?
R. What is 17.89 rounded to the nearest whole number?
S. What is 50.147 rounded to the nearest whole number?
T. What is 19.05 rounded to the nearest whole number?
U. What is 7.61 rounded to the nearest whole number?
V. What is 92.38 rounded to the nearest whole number?
W. What is 57.25 rounded to the nearest whole number?
X. What is 16.3 rounded to the nearest whole number?
Y. What is 44.08 rounded to the nearest whole number?
Z. What is 17.9 rounded to the nearest whole number?
1. What is 9.06 rounded to the nearest whole number?

Answers

A. 4.2
B. 2.8
C. 72.1
D. 45.6
E. 82.2
F. 41.3
G. 29.2
H. 17.1
I. 11.7
J. 0.8
K. 29.2
L. 12.5
M. 0.9
N. 21
O. 14
P. 71
Q. 37
R. 18
S. 50
T. 19
U. 8
V. 92
W. 57
X. 16
Y. 44
Z. 18

The distance between City A and City B is 2700 miles. On a certain wall​ map, this distance is represented by 9 inches. The actual distance between City C and City D is 4100 miles. How far apart are they on the same​ map?

Answers

The distance between City C and City D is represented by 13.67 inches on a certain wall​ map.

What is Ratio?

The ratio is defined as a relationship between two quantities, it is expressed as one divided by the other.

Let x inches would be far apart are they on the same​ map

We can write this as a ratio as

As per the given information,

9 inches : 2700 miles = x inches : 4100 miles

⇒ 9/2700 = x/4100

⇒ x = (4100×9)/2700

⇒ x = 13.67 inches

Therefore, on a certain wall​ map, the distance between City C and City D is represented by 13.67 inches.

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the sum of nine consecutive natural numbers, the first of which is n?

Answers

Answer:

What is the sum equal to?

Step-by-step explanation:

147 divided by 7
(Explanation needed please)

Answers

Answer: 21

Step-by-step explanation:

Use a calculator

21 is going to be your answer

PLEASE HELP FAST I ONLY HAVE ONE HOUR!!!!!!!

Answers

The probability that if 3 donations are made, all 3 of them can be safely used on blood transfusion with someone that has type A will be D. (0.27 + 0.49)³ = 0.4390

How to calculate the probability?

It should be noted that probability simply means the chance that a particular event will occur.

In this case, the probability that if 3 donations are made, all 3 of them can be safely used on blood transfusion with someone that has type A will be:

= (27% + 49%)³

= (0.27 + 0.49)³

= 0.4390

The probability is 0.4390.

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Sub: x=4 into
Y= x^2 +4x -3
Y= 5x + 3

Answers

here’s what I got:

y=x^2 +4x -3 - y = 29

y = 5x + 3 - y = 23

here’s my work:

II. What are the coordinates
of A' using the rule
(x, y) (x-3, y+7)?
A(2, 5)

Need help

Answers

Answer:

so xtime sy ,fe fwvnvf nfdv bregbrrsikrwnknrhvnk vnf vknvns;;abjwrjkgwnkgwjknnnxnfnfsvmsr

The area of a rectangular garden is 7584 ft squared If the width of the garden is 79 feet, what is its length?

Answers

Length = Area/Width

7584/79 = 96 feet

96 x 79 = 7584 ft²

Answer = 96

Answer: 96

Step-by-step explanation:

Length = Area/Width

7584/79 = 96 feet

96 x 79 = 7584 ft²

Patricia wishes to have a rectangular garden in her backyard. She has 88 ft of fencing with which to enclose her garden. Letting x denote the width of the garden, find a function f in the variable x giving the area of the garden.

Answers

The area of the rectangular garden in terms of a function in x is given by 44x - x²sq. ft.

What is the area of a rectangle?

A rectangle is a closed geometric figure with opposite sides equal to each other. The area of this rectangle is given by the product of its length and width.

Calculating the area of a rectangular garden in terms of a function in x

Let us consider a variable x that denotes the length of a rectangular garden

Given perimeter of a rectangular garden is 88 ft with y as the width of a rectangular garden

Perimeter = 2×(length + breadth)

88 = 2(x + y)

44 = x + y

y = 44 - x

Area of a rectangular garden = xy

= x(44 - x)

= 44x - x² sq. ft

Hence, the area of a rectangular garden in terms of a function in x is given by 44x - x² sq. ft.

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Please show me how you got the answer. Will give brainliest.

Answers

Answer:          410 possible points

To solve for the possible points in the course, use a proportion and cross multiply.

What is a proportion?

A proportion is two fractions that are equal to each other. For the fractions to be equal, they are proportionate. In our math problem, percentage is proportionate the the number of points.

The fractions represent information you have, and one variable will represent what you are solving for.

Given

Your points = 361

Points to get an 'A' = your points + 8

'A' = 90% of possible points

Find the points needed for an 'A' at 90%

Points to get an 'A' = your points + 8

= 361 + 8

= 369

State variables

let x be the amount of possible points

Write a proportion

We know the number of points for 90% is 369 points. Remember that 90% is the same as 90/100.

Keep the information with the same units inside the same fraction. Here, percentage is represented by the first fraction. Points is represented by the second fraction.

[tex]\displaystyle{\frac{90}{100}=\frac{369}{x}}[/tex]

Solve

We can solve using cross multiplication. This is when we multiply each numerator by the denominator from the other fraction.

[tex]90x = 369*100[/tex]        Simplify by multiplying.

[tex]90x = 36,900[/tex]            Isolate the variable x.

[tex]\displaystyle{\frac{90x}{90} = \frac{36,900}{90}}[/tex]           Divide both sides by 90 to cancel out 90 on the left.

[tex]\displaystyle{x = \frac{36,900}{90}}[/tex]              Divide.

[tex]x = 410[/tex]                    Solved for x, representing the possible points.

∴ The possible points in the art course is 410.

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Answer:

410 possible points

Step-by-step explanation:

Write an equation in slope- intercept form for the line described.
parallel to y = -3x + 4, x- intercept at 4

Answers

Answer:

y = -3x + 12

Step-by-step explanation:

If two lines are parallel, their slopes are equal, then m = -3

x intercept is 4 then y = 0

y = mx + b

0 = -3(4) + b

b = 12

y = -3x + 12

A fruit company delivers its fruit in two types of boxes: large and small. A delivery of 5 large boxes and 2 small boxes has a total weight of 117 kilograms. A delivery of 3 large boxes and 8 small boxes has a total weight of 164 kilograms. How much does each type of box weigh?

Answers

THIS ANSWER WAS DELETED DUE TO NOT BEING TRUE.

The table shows some values of x and y that satisfy the equation y = acosx + b
180

120
150
4 -3V3
-2

0
30
60
10
4 + 3V3
7
Find the value of y when x = 45

X

90
4

Answers

180+ 123=257 thanks again for your help

4. The average mass of a grain of one type of sand is 7 x 10-4 gram. There are 1,000 grains of the sand in 1 cubic centimeter. What is the mass, in grams, of 1 cubic centimeter of the sand in scientific notation? ​

Answers

The mass, in grams, of 1 cubic centimeter of the sand in scientific notation is 7 x 10^(-1).

What is scientific notation?

Scientific notation is a way of writing very large or very small numbers.

Now it is given that,

Average mass of grain = 7 x 10-4 gram

Number of grains in 1 cubic centimeter = 1,000 grains =  10^3 grains

Thus,

Mass of 1 cubic centimeter of the sand = Average mass of grain * Number of grains in 1 cubic centimeter

⇒ Mass of 1 cubic centimeter of the sand =  7 x 10-4 * 10^3 grams

⇒ Mass of 1 cubic centimeter of the sand =  7 x 10^(-4+ 3) grams

⇒ Mass of 1 cubic centimeter of the sand =  7 x 10^(-1) grams

Thus, the mass, in grams, of 1 cubic centimeter of the sand in scientific notation is 7 x 10^(-1).

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Please help with this question I will give you brainliest

Answers

Answer:

89.50 = 7.75 + 27.25p

subtract 7.75 from both sides

89.50 - 7.75 = 27.25p

81.75 = 27.25p

divide both sides by 27.25

p = 81.75 / 27.25

p = 3

Step-by-step explanation:

The number of people who can go to the amusement park is 3 people

Answer: p=3

Hence, the Linear Equation in two variables is used to determine the total number of people who go to the park is - y=7.75+27.25p

Step-by-step explanation:

89.50=7.75+27.25p

89.50-7.75+27.25p

81.75=27.25

81.75/27.25

p=3

6) What is 1.333... in fraction form?

Answers

Answer:

It would be 1333/1000.

PLEASE GEKO ME EHFND

Answers

Answer: 164 degrees

Step-by-step explanation:

IHG=JHG+IHJ

19x-7=84+7x+17

19x-7=101+7x

12x-7=101

12x=108

x=9

IHG=19x-7

IHG=19(9)-7

IHG=171-7

IHG=164 degrees

If =164 my answer to the question
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