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4 years ago

The final task in designing a management information system (mis) is _____.

1 answer:

6 0

The final task in designing a management information system (mis) is to provide information which is useful in decision making purposes. Management information system is computerized data base related to financial system. A management information system (mis) is a widely used for a three-resource system that is required for effective organization management.

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Poodle Company owns 80 percent of the common stock of Shepherd Inc. Poodle acquires some of Shepherd's bonds from an unrelated p

Oksana_A [137]

Complete Question:

Poodle Company owns 80 percent of the common stock of Sheperd Inc. Poodle acquires some of Sheperds' bonds from an unrelated party for less than the carrying value on Sheperds' books and holds them as a long-term investment. For consolidated reporting purposes, how is the acquisition of Sheperds' bonds treated?

As a decrease in the Bonds Payable account on Sheperds' books.

As an increase in noncurrent assets.

Everything related to the bonds is eliminated in the consolidation worksheet, and nothing related to the bonds appears in the consolidated financial statements.

As a retirement of bonds.

A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:

I. at the date of constructive retirement.

II. over the remaining term of the bonds.

Both I and II

Neither I nor II

When one company purchases the debt of an affiliate from an unrelated party, a gain or loss on the constructive retirement of debt is recognized by which of the following?

Issuing Affiliate Purchasing Affiliate Consolidated Entity

A. No No Yes

B. Yes Yes No

C. No No No

D. Yes Yes Yes

Option A

Option B

Option C

Option D

Which of the following statements is(are) correct?

I. The amount assigned to the noncontrolling interest may be affected by a constructive retirement of bonds.

II. A constructive retirement of bonds normally results in an extraordinary gain or loss.

III. In constructive retirement, the entity would still consider the bonds outstanding, even though they are treated as if they were retired in preparing consolidated financial statements.

I and III

I, II, and III

Answer:

1. For consolidated reporting purposes, Company M's bonds will be treated as a retirement of bonds.

2. For consolidated reporting purposes, everything related to the intercompany bonds is eliminated in the consolidation worksheet, and nothing related to the bonds appears in the consolidated financial statements.

3. A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:

I. at the date of constructive retirement.

II. over the remaining term of the bonds.

Both I and II

4. When one company purchases the debt of an affiliate from an unrelated party, a gain or loss on the constructive retirement of debt is recognized by

Option A

5. The incorrect statement is:

I. The amount assigned to the noncontrolling interest may be affected by a constructive retirement of bonds.

6 0

3 years ago

Clarissa wants to fund a growing perpetuity that will pay $ 12 comma 000 per year to a local museum, starting next year. She wa

igomit [66]

Answer:

Present Value= $240,000

Explanation:

Giving the following information:

Perpetuity= $12,000

Growing rate= 5%

Interest rate= 10%

To calculate the present value of this perpetual annuity, we need to use the following formula:

PV= Cf/ (i - g)

Cf= cash flow

i= interest rate

g= growing rate

PV= 12,000/ (0.10 - 0.05)

PV= $240,000

4 0

4 years ago

Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (

Fofino [41]

Answer and Explanation:

The direct labor overhead rate using the direct labor hours is shown below:-

Direct labor overhead rate = Total overheads ÷ Direct labor hours

= $220,800 ÷ 1,725

= $128

b. The machine hour overhead rate using the machine hours is

= Total overhead ÷ Machine hours

= $220,800 ÷ 4,600

= $48

The factory overhead costs using direct labor hour is

Particulars Automobile Valve Wheels Total

bumpers covers

Direct labor

hours 730 480 515

Overhead rate $128 $128 $128

Total $ 93,440 $61,440 $65,920 $220,800

For determining the total overhead we simply multiply the direct labor hours with overhead rate.

The factory overhead costs using machine hour is

Particulars Automobile Valve Wheels Total

bumpers covers

Machine hours 1,970 1,270 1,360

Overhead rate $48 $48 $48

Total overhead $94,560 $60,960 $65,280 $220,800

For determining the total overhead we simply multiply the machine hours with overhead rate.

7 0

4 years ago

joelle consumes food and clothing. for incomes near her current income, her income expansion path is negatively sloped. indicate

tekilochka [14]

Joelle consumes food and garb. for earning near her modern-day income, her earnings expansion direction is negatively sloped. <u>Increasing </u><u>much less of 1 god whilst profits growth implies consuming extra of the opposite three .at the least one proper must be every day.</u>

The term “profits” commonly refers to the quantity of money, property, and different transfers of price acquired over a set time period in change for products or services. there may be no unmarried, preferred definition: earnings are described consistent with the context in which the idea is used.

Three of the main varieties of profits are earned passive, and portfolio. Earned income consists of wages, salary, tips, and commissions. Passive or unearned earnings may want to come from condominium homes, royalties, and restricted partnerships. Portfolio or funding income includes interest, dividends, and capital gains on investments.

Learn more about capital investments here:-

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#SPJ4

7 0

1 year ago

Both nondeductible contributions to a traditional IRA and contributions to a Roth IRA are similar in the sense that neither prov

Nastasia [14]

Answer:

The answer to this question can be defined as follows:

Explanation:

In part A

When Most citizens can't deductible in tax and their daily IRA donation, when the revenue is higher then all thresholds refer to specific levels. So, It can also pay to save for a non-deductible IRA to your withdrawal. Even if your IRA is not exempt.

Regulations on IRA Revenue:

When a company provides individuals or their spouse has been decided to hire by users have a 401(k) or 403(b) employee withdrawal account, experience some IRA depreciation contribution limits donations.

For an alternative to Roth IRA:

Most individuals have incomes above limits and the Roth IRA may indeed meet the criteria for a frequent IRA tax benefit and the higher level donation.

In part B

I will also take a glance at the answer from a tax viewpoint if a competent payment decreases subject to tax salaries and further decreases taxable income. It is a great way for both management and workers and employers receive big profits without taxation. Its value of a qualified retirement benefit provided for both the worker increases the amount that can be spent on behalf of the company by providing an eligible program.

4 0

3 years ago