On january 4, 2013, mason co. purchased 40,000 shares (40%) of the common stock of hefly corp., paying $560,000. at that time, the book value and fair value of hefly's net assets was $1,400,000. the investment gave mason the ability to exercise significant influence over the operations of hefly. during 2013, hefly reported income of $150,000 and paid dividends of $40,000. on january 2, 2014, mason sold 10,000 of their 40,000 shares for $150,000. what is the appropriate journal entry to record the sale of the 10,000 shares? a) cash 150,000 10,000 loss on sale of investment investment in hefly 160,000 b) cash 150,000 investment in hefly gain on sale of investment 130,000 20,000 c) cash 150,000 1,000 loss on investment investment in hefly 151,000 d) cash 150,000 investment in hefly gain on sale of investment 149,000 1,000

Five times the sum of a number and 27 is greater then or equal to six times the of that number and 26. what is the solution set to this proportion?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.