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ryzh [129]
3 years ago
12

Laurie Corp., a major watch manufacturer, purchases Smith Inc., a smaller company that makes watch bands. Following this purchas

e, the watch band operations are performed by the Smith Division of Laurie Corp. This scenario is an example of an acquisition. True or false?
Business
1 answer:
solniwko [45]3 years ago
5 0

Answer: True

Explanation: The given case does illustrates business acquisition. Business acquisition refers to the process in which one company purchases majority or all of the shares of another company.

In the given case, Laurie corp. purchased Smith inc. and the part of production is then transferred to the purchased company for the ease of operations.

Hence, from the above we can conclude that the answer is true.

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The correct answer is C.
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If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue?
Nuetrik [128]

Answer:

44.44%

Explanation:

Profit is obtained by subtracting cost from revenue.

I,e.,

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In this case,

Profit = $135,000 - $75,000

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4 0
2 years ago
QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fun
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Answer and Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

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2.

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3 0
3 years ago
Altonland Inc., a pharmaceutical company based in the United States, generally appoints a U.S. national as the head of its forei
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Answer: The correct answer is "the informal rules of the game".

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3 years ago
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Answer:  limited partnership

                                 

Explanation: In simple words, limited partnership refers to an arrangement having two or more general partners and limited partners. The general partners in such an arrangement is usually an entity such as a corporation and they bore unlimited liability and keeps track of the management.

While on the other hand, the limited partners are usually someone having goodwill or market experience. They have liability to the extent of their investment and do not take part in management.

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