Milani, inc., acquired 10 percent of seida corporation on january 1, 2017, for $190,000 and appropriately accounted for the investment using the fair-value method. on january 1, 2018, milani purchased an additional 30 percent of seida for $600,000 which resulted in significant influence over seida. on that date, the fair value of seida's common stock was $2,000,000 in total. seida's january 1, 2018 book value equaled $1,850,000, although land was undervalued by $120,000. any additional excess fair value over seida's book value was attributable to a trademark with an 8-year remaining life. during 2018, seida reported income of $300,000 and declared and paid dividends of $110,000. prepare the 2018 journal entries for milani related to its investment in seida. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii