Answer: $672,000
Explanation:
Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.
The Consolidated balance for land in 2020 will therefore be calculated as,
= (Porter land value - Sales price) + (Simi land value + Sales price)
= (416,000 - 65,000) + (256,000 + 65,000)
= 351,000 + 321,000
= $672,000
The book value of the Consolidated land will be $672,000 in 2020.
Answer: $5,396.79
Explanation:
The net present value is value of the after tax cash flows from an investment minus the value of the amount invested.
The net present value can be found using a financial calculator.
Cash flow for year zero = $-175,000
Cash flow for each year from year 1 to year 3 = 70,000
I = 8%
NPV =$5,396.79
I hope my answer helps you
Answer:
This question is incomplete, the options are missing. The options are the following:
A) I only
B) II only
C) III only
D) I and II only
E) I, II and III
And the correct answer is the option B: II only: Unless something is done, our firm will not be the most effective and efficient long-term supplier.
Explanation:
To begin with, the concept known as SCM refers to the Supply Chain Management that is the system whose main purpose is to take care of the management of the flow of the services and goods that involves the raw materials needed for the production of the product of the company and also of the work-in-process inventory as well as the finished goods. That is why that this system is the one that is in charge of the whole flow of the product of the company from its origin in the process until the final line that is the consumption of it. Therefore that if there is a lack of fit between what the customer wants and what the SCM is best able to provide then if nothing is done, the firm will not be the most effective and efficient long-term supplier.
Answer:
Scott Bestor should confess his honest mistake.
Explanation:
Two of most important attributes that are required from an accountant are integrity and trustworthiness.
Refusing to tell the management his honest mistake in order not jeopardize his possible promotion is a short-run gain to him. But confessing his honest mistake has a long run gain as this will preserve his integrity and trustworthiness forever. In addition, it is unethical and a sign of disloyalty for an accountant not to disclose all the information relevant to the company based on his position as an account.
Therefore, Scott Bestor should confess his honest mistake rather than sacrificing his integrity and trustworthiness as well as the ethic of his profession for a short-term gain (i.e. promotion).
Answer:
$38,198
Explanation:
Recognization principle state that the total amount paid in the first year will be the sum of the amounts given as a whole which will inturn be considered as paid for the employees.
Therefore for the first year, the vacation pay and the pension right will be :
$23,125 +$15,073
=$38,198
Therefore the total cost of vacation pay and pension rights to be recognized in the first year will be $38,198