Answer:
1. $66,000
2. $66,000
Explanation:
The computations are shown below:
1. Before written off:
= Account receivable balance - uncollectible amount
= $70,000 - $4,000
= $66,000
2. After written off:
= Account receivable balance - second year written off amount - uncollectible amount + second year written off amount
= $70,000 - $700 - $4,000 + $700
= $66,000
Answer:
A. Envelopement
Explanation:
Envelopment is the process whereby an organization or a company moves into another company's market by combining it's own functionality with the other company functionality to create a multi-platform bundle. In this case, Nokia decided to add cameras which are Sony and Canon market to their mobile phones thereby creating a multi-platform bundle in form of a camera mobile phone.
Answer:financial accounting, managerial accounting
Explanation:
Answer:
$2,593,000
Explanation:
The computation of consolidated net income is shown below:-
cancellation of excess of Interest expenses over Income = Interest expense - Interest income
= $80,000 - $37,000
= $43,000
Consolidated net income = Parent company Income + Subsidiary Income + cancellation of excess of Interest expenses over Income
= $1,850,000 + $700,000 + $43,000
= $2,593,000
So, for computing the consolidated net income we simply applied the above formula.
