Answer:
(A) $110,000
(B) $44,000
(C) $440,000
(D) $176,000
Explanation:
Parent corporation invested $1,000,000 in sub corpora tion for 25% of its outstanding stock
Sub corporation pays out 40% of net income of dividend each year
(A) Parent's Co's share of Sub's Co's net income for the year is $110,000
(B) Parent's Co's share of Sub's Co's share of dividend for the year is $44,000
(C) The total net income can be calculated as follows
= 110,000 ×100/25
= 11,000,000/25
= $440,000
(D) The total dividend for the year can be calculated as follows
= 440,000 ×40/100
= 440,000 × 0.4
= $176,000
Answer:
The balance of allowance for doubtful accounts is $ 1,880
Explanation:
Computation of balance in Allowance for Bad Debts
Total credit sales $ 47 comma 000
Estimated bad debts as a % of sales 4 %
Balance of Allowance for Doubtful accounts $ 1,880
The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.
Buying on margin is basically borrowing money from your broker that you don't necessarily have at the time to buy additional shares. You must have a margin account, which is separate from your cash account. Usually you are able to borrow up to 50% of the new stock price.
<u>Quality management</u> is a management approach that establishes an organization-wide focus on quality.
Management is the administration of an organization, whether or not it is a business, a non-profit organization, or a government body. It is the artwork and science of managing sources of the enterprise.
It is something that directs group efforts towards the attainment of certain pre-determined goals. “management” is the system of working with and through others to effectively achieve the desires of the organization, by effectively using confined assets in the changing world. Originally identified by Henri Fayol as 5 factors, there are now 4 commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.
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Answer:
The project cost is a cost required to procure all the needed products, services and resources to deliver the project successfully.
Explanation:
Analogous estimation: involves comparing a past similar project to your current project and the use of analogy to estimate cost.
Parametric Estimation: This estimation uses the historical data based on the real data and saves lots of time to calculate the cost estimation.
Bottom-up approach: also called definitive technique breaks up all activities of the project to the micro level in order to conduct comprehensive cost estimation.
The issues in project cost estimation include cost overruns, inefficiencies and project surprise. To effectively mitigated them, Bottom-up approach should be applied. It is an expensive but very reliable method.
