Harrison, inc. acquires 100% of the voting stock of rhine company on january 1, 2010 for $400,000 cash. a contingent payment of $16,500 will be paid on april 15, 2011 if rhine generates cash flows from operations of $27,000 or more in the next year. harrison estimates that there is a 20% probability that rhine will generate at least $27,000 next year, and uses an interest rate of 5% to incorporate the time value of money. the fair value of $16,500 at 5%, using a probability weighted approach, is $3,142.

what will harrison record as its investment in rhine on january 1, 2010?

a.

$400,000.

b.

$403,142.

c.

$406,000.

d.

$409,142.

e.

$416,500.

Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase