The actual correct answer is: <u>The European Union's free-trade agreements include agreements with both developed and developing nations.</u>
Answer:
a. $112,000
b. $7,500
Explanation:
(a) transferred out
Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.
Cost of units transferred out = $8 × 14,000 units
= $112,000
(b) in ending work in process
Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).
Cost of ending work in process
Materials ($3 × 2,000 units) = $6,000
Conversion ($3 × (2,000 units × 25%)) = $1,500
Total Cost = $7,500
Answer:
Queries can perform many different functions in a database. Their most common function is to retrieve specific data from the tables. The data you want to see is usually spread across several tables, and queries allow you to view it in a single data sheet.
Answer: A. As Expenses
B. No treatment.
Explanation:
A. The $100,000 was not structured and a loan so it will be accounted for as EXPENSES. This means that it will be deducted from the Income for the year from Calhoun's books.
B. A C Corporation is by definition taxed SEPARATELY from it's owners in the United States of America. Seeing as both Corporations were C Corporations, Jonathan as the owner of both companies need not worry about how he should treat the $100,000 payment as he will not ne taxed on it.
Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a vertical merger.
<h3>
What is vertical merger?</h3>
A vertical merger is the union of businesses that operate at various phases of the production process, such as raw materials, finished goods, and distribution. A merger between a steel manufacturer and an iron ore producer serves as an illustration.
Some characteristics of vertical merger are-
- A vertical merger is when two or more businesses come together to provide various supply chain services for a single item or service.
- Most frequently, a merger is implemented to boost business, get more control over the supply chain process, and create synergies.
- Usually, a manufacturer and a supplier are involved. Contrarily, a competitor in the same industry as the purchasing company is acquired in a horizontal merger.
- A vertical merger's primary goals are to gain market share, boost productivity, and maximize cost reductions in order to generate larger profits.
- An example of a vertical merger would be an automaker combining with a parts supplier.
- A arrangement like that would give the car division better access to parts pricing and increased manufacturing process control.
- In turn, the components section would be ensured a consistent flow of business.
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