3. Improperly sharing confidential information violates the tort of

Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help

erica [24]

Answer:

$294,412.8

Explanation:

In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.

Total number of shares required = (46,000 ÷ 2) + 1

= 23000 + 1

= 23,001 shares

Market price of share = $ 12.80

Total amount = Total number of shares required × Market price of share

= 23,001 × $ 12.80

= $294,412.8

The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8

7 0

3 years ago

The price elasticity of demand for a good is likely to be less elastic __________.

mariarad [96]

Answer:

if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.

Explanation:

<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:

Price elasticity = change in the quantity demanded/change in price

The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is

relatively inelastic when the value is less than 1,
unitary elastic when it is equal to 1,
relatively elastic when it is greater than 1,
perfectly inelastic when it is equal to 0, and
perfectly elastic when the value is infinity.

<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>

4 0

4 years ago

What is organization? Explain elements with definition.

SVETLANKA909090 [29]

Answer:

An organisation is a business that has grown so big that it earns a lot of money

Explanation:

7 0

3 years ago

1. An 80%-owned subsidiary sells merchandise to its parent at a markup of 25% on cost. During the current year, the parent paid

Vedmedyk [2.9K]

Answer:

The unrealised profit (PURP) of $5,000 [ (125,000 * .20) * (.2) ] should be subtracted from the profit share of Non-Controlling Interest.

Explanation:

When we prepare consolidated financial statements, we treat the companies of group as a single entity. That's why the intra-group transactions must be removed the consolidated statements. This involve adjustment of current accounts, unrealised profit on sale of goods/non-current asset, loan given by one group company to another etc.

When goods are sold by one group company to another at a markup and the buyer has not yet sold it to the third party, then the markup (profit) loading on these items is unrealised from group's point of view. This needs to be removed from the consolidated accounts because no one can make profit by trading with himself. This profit is termed as realised when the goods are sold to the third party. In the individual accounts, profit on this transaction has a credit balance so to remove it we debit the "cost of goods sold of group" and a credit entry to it is made to "inventory". This credit entry to inventory bring down the balance of inventory to what was the cost of that inventory to the group. Moreover, the recording of revenue by seller and inventory by buyer on intra-group sales and purchase is also adjusted.

After all the adjustments are made, the profit is distributed between parent's retained earnings and non-controlling interest. Now if the seller of goods is subsidiary, like in this case, the amount of unreaslised profit is deducted from NCI's profit share to calculate the profit attributable to parent's retained earnings.

7 0

3 years ago

At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fix

malfutka [58]

Answer:

$378,000

Explanation:

First, we need to find the variable cost per hour:

(Direct Material + Direct Labor)/Number of hours of production

= $(170,000+110,000)/8,000

= $35

Since, the department took more hours for production, therefore,

Additional budgeted costs = (10,000 - 8,000) x $35 = $70,000

Total appropriate budget for the department using flexible budgeting:

Prime cost + Factory overhead (Fixed) + Additional hourly (budgeted) costs

= (Direct labor + Direct Material) + Factory overhead (Fixed) + Additional hourly (budgeted) costs

= $(110,000 + 170,000)+$28,000+$70,000

= $378,000

6 0

4 years ago