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3 years ago

Unlike in joint ventures, in contract manufacturing, _____.

2 answers:

5 0

A joint venture is a business entity created by two or more parties by agreeing to pool their resources together for the purpose of accomplishing a specific objective which may be either a project or any other business activity.
Contract manufacturing involves production of goods by one firm under the label or brand of another firm or company. A contract manufacturer contracts with another company to make certain components or products over a mutually agreed period of time.

galben [10]3 years ago

5 0

In Contract manufacturing, a foreign company, first produces the good within own private label goods.Then these goods are transported to the domestic companies. These domestic companies then attach their own brand name to these products and then sell these products in domestic markets with their own label.

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The following information was taken from the 2021 financial statements of Waterway Industries: Bonds payable, January 1, 2021 $

zalisa [80]

Answer:

the amount reported as proceeds from bond issuance is $4,509,000

Explanation:

The computation of the amount reported as proceeds from bond issuance is as follows

Total Bond Issued during 2021

= Bonds payable, December 31, 2021 - Bonds payable, January 1, 2021 + Bond Payable retired

= $4,830,000 - $809,000 + $807,000

= $4,828,000

Now

Bond issued for cash is

= Total bond issued - Bonds issued in exchange for Equipment

= $4,828,000 - $319,000

= $4,509,000

Hence, the amount reported as proceeds from bond issuance is $4,509,000

4 0

2 years ago

Gleason Company reported net income of $242,000 for the year. During the year, accounts receivable increased by $32,000, account

Degger [83]

Net cash provided by operating activities for the year is $265,000. $102,000. $242,000. $337,000 is :- $265,000

What is depreciation expense?

A fixed asset's share that has been deemed consumed in the current period is subject to depreciation expense. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time. There is no cash outflow related to this item because it is non-monetary.

When an entry is made to the depreciation expenditure account, the contra asset account that offsets the fixed assets (asset) account is the accumulated depreciation account. Over the course of a fiscal year, the balance in the depreciation expenditure account grows; at year's end, the account is flushed out and its balance is reset to zero.

To learn more about depreciation expense with the help of given link:

brainly.com/question/25530648

#SPJ4

4 0

1 year ago

Read 2 more answers

A select list of transactions for Anuradha's Goals follows:

umka2103 [35]

Answer:

April 1. Paid six months of rent, $4,800

Requires Deferred expense-type of adjusting entry

April 10. Received $1,200 from customer for six month service contract that began April 1.

Requires Deferred revenue-type of adjusting entry

April 15. Purchased a computer for $1,000.

Requires Deferred expense-type of adjusting entry

April 18. Purchased $300 of office supplies on account

Requires Deferred expense-type of adjusting entry

April 30. Work performed but not yet billed to customer, $500

Requires Accrued revenue-type of adjusting entry

April 30. Employees earned $600 in salaries that will be paid May 2.

Requires Accrued expenses-type of adjusting entry

7 0

3 years ago

Which of the following best describes late majority? Select one: a. They are the first to try new products and ideas. b. They li

ratelena [41]

Answer: c. They are skeptical to changes and new ideas.

Explanation:

Late Majority: These are expressively cautious consumers who don't like to take risks and who still have resistance to adopting a new product. They are conservative and only adopt a product when it is already used by the majority consumer.

7 0

2 years ago

Friendly's quick loans, inc., offers you "ten for twelve or i knock on your door." this means you get $10.00 today and repay $12

valkas [14]

Answer:

Friendly's would say you were paying 1042.86% APR.

Explanation:

Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.

Annual Percentage Rate (APR) can be determined using the following formula:

APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)

Where;

APR = ?

Fees = 0

Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00

Principal = Amount to borrow = $10.00

n = Number of days in the loan term = One week = 7 days

Substituting the values into equation (1), we have:

APR = {[(0 + 2) / 10 / 7] * 365} * 100

APR = 1042.86%

Therefore, friendly's would say you were paying 1042.86% APR.

5 0

2 years ago