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Andreas93 [3]
3 years ago
15

Jessica finds out that the government introduced a new trade policy that will increase import tariffs. She calls for a meeting o

f all of the company’s departments heads to address this issue which may increase the company’s production cost. What will be the purpose of this meeting?
Business
1 answer:
Andreyy893 years ago
6 0
To negotiate a balance in costs between the tax on imported goods and the cost to the company for production.
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Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
Alina [70]

Answer:

7.92%

Explanation:

7 0
3 years ago
Which is the most accurate definition of body language?
Masja [62]
Body Language is communicate by movement or position, particularly facial expressions, gestures and the relative positions of a speaker and listener.
6 0
3 years ago
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Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of
Sati [7]

Answer:

For the tear 2019, net income is 40,000

Beginning of the year 2019, asset of the S are 200,000

Ending of the year 2019, asset of the S are 300,000

Average asset for 2019= Beginning assets + Closing assets / 2

Average asset for 2019= 200,000 + 300,000 / 2

Average asset for 2019= $250,000

Return on assets = Net income / Average assets * 100%

= 40,000 / 250,000 * 100

=16%

Thus, the return on assets is 16%

Conclusion: If the average return of assets of the competitors are 11%, It means S uses the assets efficient manner, so performance of the S is very good ad return of the S is higher than competitors on asset

8 0
2 years ago
Each of the following are types of__________allocation methods:
storchak [24]

Answer:

Each of the following are types of Overheads allocation methods.

Explanation:

Factory overheads such as rent, electricity or water can not be traced directly to a cost object.

When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing  or the actual job using an allocation method.

The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.

5 0
3 years ago
On January 2, 20Y4, Whitworth Company acquired 40% of the
Gelneren [198K]

Answer:

Journal entries needed for:

a. Purchase of stock

b. Share of Aloof income

c. Dividend

d. Sale of Aloof company stock

a. Purchase of stock

Date                  Account Title                                   Debit                      Credit

Jan 2, 20Y4      Investment in Aloof company       $340,000

                          stock

                         Cash                                                                          $340,000

b. Share of Aloof income

Date                  Account Title                                   Debit                      Credit

Dec 31, 2024     Investment in Aloof company       $72,000

                          stock

                         Income of Aloof Company                                        $72,000

<u>Working:</u>

= 40% * 180,000 income

= $72,000

c. Dividend

Date                  Account Title                                   Debit                   Credit

Dec 31, 2024     Cash                                             $4,000

                         Investment in Aloof company                                  $4,000

                         stock

<u>Working:</u>

= 40% * 10,000 dividend

= $4,000

d. Sale of stock  

Date                  Account Title                                   Debit                      Credit

Dec 31, 2024    Cash                                             $405,000

                          Loss on sales of Aloof                 $3,000

                         company stock

                         Investment in Aloof company                                  $408,000

                         stock

<u>Working:</u>

Value of stock = Purchase price + share of Aloof income - Share of dividend

= 340,000 + 72,000 - 4,000

= $408,000

6 0
2 years ago
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