I think the answer might be B. a flood.
Answer: $296,880
Explanation:
Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.
As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.
Answer:
If $40,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 10% per year, the amount of each scholarship, starting in 2035 will be:
= $167,089.93
Explanation:
a) Data and Calculations:
Investment in the trust fund in 2021 = $40,000
Investment period = 15 years (2021 to 2035)
Rate of return = 10%
From an online financial calculator:
N (# of periods) 15
I/Y (Interest per year) 10
PV (Present Value) 40000
PMT (Periodic Payment) 0
Results
FV = $167,089.93
Total Interest $127,089.93
Answer:
Flower: $500,000
Planter: $300,000
Explanation:
We distribute the expected cost over the cost driver:
Expected manufacturing overhead: 800,000
Flowe 20,000 1 hour
Planter 6,000 2 hour
Expected direct labor (20,000 + 12,000) 32,000
800,000 / 32,000 = 25
then we aply the rate to the labor hours of each product
Flower: 20,000 x 25 = 500,000
Planter: 12,000 x 25 = 300,000
Answer:
$1,800
Explanation:
Revenue is recognized when a firm has <u>transferred the control of goods or services</u>. In March, only the control of 120 units had been transferred, thus the revenue to be recognized on the March income statement from this order is ( 120 units × 120 units) that gives $1,800.
