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4 years ago

Zero-based budgeting assumes that all funding allocations must be justified from zero each year.

1 answer:

6 0

True. Zero-based budgeting assumes that all funding allocations must be justified from zero each year. The goal in a zero-based budget is to have the income minus the expenses of the business equal zero.

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A. Conchita Cosmetics acquired 10% of the 200,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on

erastovalidia [21]

Answer:

A. 18-03

Dr Investment in AFS $260,000

Cr Cash $260,000

30-06

Dr Cash $7,500

Cr Dividend Revenue $7,500

31-12

Dr Securities Fair value Adjustment $40,000

Cr Unrealized Holding Gain $40,000

B. 01/01

Dr Investment in S Corp $81,000

Cr Cash $81,000

15/06

Dr Cash $10,800

Cr Investment in S Corp $10,800

31/12

Dr Investment in S Corp $25,500

Cr Revenue from Investment

Explanation:

Preparation of all necessary journal entries in 2017 for both situations.

A. Journal entries

18-03

Dr Investment in AFS $260,000

(200000*10%*13)

Cr Cash $260,000

(To Record investment made)

30-06

Dr Cash (75000*10%) $7,500

Cr Dividend Revenue $7,500

(To Record Dividend Earned)

31-12

Dr Securities Fair value Adjustment $40,000

Cr Unrealized Holding Gain $40,000

( 20000*2)

(To Record Investment at Fair Value(

B. Journal Entries

01/01

Dr Investment in S Corp $81,000

(30000*30%*9)

Cr Cash $81,000

(To Record investment made)

15/06

Dr Cash $10,800

(36000*30%)

Cr Investment in S Corp $10,800

(To Record Dividend Earned)

31/12

Dr Investment in S Corp $25,500

(85000*30%)

Cr Revenue from Investment $25,500

(To Record Income earned)

3 0

3 years ago

Johnson is an executive vice president at Conecom Hardware. He researches a proposal by a larger company, Openlane Hardware, to

WARRIOR [948]

Answer: Turn down the acquisition offer and prepare to resist a hostile takeover.

Explanation:

Since Johnson analysed the past performance of Openlane hardware and found out that past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that the company has poor profit margins, sells shoddy merchandise, and treats customers poorly, then Johnson and Conecom Hardware should turn down the acquisition offer and prepare to resist a hostile takeover.

In this case, the merge between the companies will have a negative impact on Johnson and Conecom hardware due to the fact that the company has a bad reputation already and this can have an effect on Conecom. Therefore, the acquisition offer should be turned down.

5 0

3 years ago

communities in which groups of chrisitna men gave up all their private possessions and lived very simply, devoting their lives t

alisha [4.7K]

Monastery is a non secular community of guys who have given up their possessions to devote themselves to a existence of prayer and worship.

<h3>What do monasteries do?</h3>

A monastery was once a building, or buildings, the place humans lived and worshiped, devoting their time and lifestyles to God. The humans who lived in the monastery were known as monks. The monastery was once self contained, that means the whole lot the monks needed was furnished through the monastery community.

<h3>What religion is a monastery for?</h3>

Monasteries have been a part of many religions, including: Buddhism, Daoism, Judaism, and Christianity. Lao Zi created a personal monastery by living in isolation. The first monastic devotees had been hermits, which ability that they were man or woman spiritual followers who lived in total isolation from all different people.

Learn more about private possessions here:

<h3>brainly.com/question/26480722</h3><h3>#SPJ4</h3>

4 0

2 years ago

MARKING BRAINLIEST IF RIGHT, NO ABSURD ANSWERS!

Sophie [7]

Answer:

C.) proof of U.S. citizenship

Explanation:

Some requirements for opening a bank account may include: At least two forms of government-issued photo identification, such as a valid driver's license or passport. Social security number or individual taxpayer identification number. Utility bill with current address information.

5 0

3 years ago

Read 2 more answers

What is the first step in providing good customer service ?

irga5000 [103]

First step: Greet: Greet every customer with a smile, make eye contact
Second step: Interact: Listen carefully to each customer's request.
Third step: Verify: After you have listened to understand their needs, make sure your actions address their opportunity or concern?
Last step: Express Thanks: Always say “thank you” — it makes all the difference.

7 0

3 years ago

Read 2 more answers