Chapter 5, Problem 4ICA

On January 1, 2015, Paul Corp. paid $1,800,000 for 45,000 shares of Melrose Inc.'s voting common stock, representing a 30% ownership. No allocation to goodwill or other specific account was made. Significant influence over Melrose was achieved by this acquisition. During 2015, Melrose reported net income of $600,000 and declared a dividend of $2.50 per share. What was the balance in the Investment in Melrose Inc. account found in the financial records of Paul as of December 31, 2015? I want answer

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Thurman Industries expects to incur overhead costs of $18,000 per month and direct production costs of $155 per unit. The estimated production activity for the upcoming year is 1,800 units. If the company desires to earn a gross profit of $72 per unit, the sales price per unit would be which of the following amounts? A. $327 B. $240 C. $273 D. $347 provide help

On January 1, 20X1, Pinnatek Inc., which uses the straight-line method, purchases a machine for $72,000 that it expects to last for 12 years; Pinnatek expects the machine to have a residual value of $6,000. What is the annual depreciation rate? a. 9.7% b. 11.5%  c. 12.5% d. 6.25% e. 7.64% help

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Please help me solve this general accounting problem with the correct financial process.

Thurman Industries expects to incur overhead costs of $18,000 per month and direct production costs of $155 per unit. The estimated production activity for the upcoming year is 1,800 units. If the company desires to earn a gross profit of $72 per unit, the sales price per unit would be which of the following amounts? A. $327 B. $240 C. $273 D. $347 provide answer