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klasskru [66]
3 years ago
12

Last week you and a friend went to an electronics store. you purchased a television for $600 and your friend bought a video game

for $40. today you saw in the newspaper that the electronics store was having a huge sale and your television is now $580 and your friend's game is $20. you decide it is not worth it for you to go and get a price change, but you call your friend because you cannot think of a reason why he/she would not want to go and get a price adjustment. the potential savings for you and your friend is exactly the same so why might you assume your friend would want a price adjustment when you did not?
Business
1 answer:
Natasha_Volkova [10]3 years ago
3 0
Because the amount of the game that the friend bought is half the price it was whereas the tv you bought was just 3.3333 (u get the idea) cheaper.
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On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year pe
Leya [2.2K]

Answer:

$3,000 and $9,000

Explanation:

In the income statement only four months revenue is recorded i.e from September 1 to December 31      

= $9,000 × 4 months ÷ 12 months

= $3,000

And, under the operating activities the whole amount i.e $9,000 is to be recorded and added to the net income as it is inflow of cash and the same is added using the direct method of the cash flow statements

4 0
3 years ago
Colbert Inc. acquired 100% of Stewart Manufacturing on January 2, 2020. During 2020, Colbert sold Stewart $640,000 of goods, whi
scoray [572]

Based on the information given the consolidated cost of goods sold for 2021 is $6,092,800.

First step is to calculate 2021 Intra-Entity Gross Profit

2021 Intra-Entity Gross Profit= ($1,000,000 − $820,000) ×15%

2021 Intra-Entity Gross Profit= $180,000 ×  15%

2021 Intra-Entity Gross Profit= $27,000

Second step is to calculate 2020 Intra-Entity Gross Profit

2020 Intra-Entity Gross Profit= ($640,000 − $450,000) ×18%

2020 Intra-Entity Gross Profit=$190,000 ×18%

2020 Intra-Entity Gross Profit = $34,200

Third step is to calculate consolidated cost of goods sold for 2021 using this formula

Consolidated COGS = Parent's COGS  + Subsidiary's COGS− Total COGS in Intra-Entity Transfer − Intra-Entity Gross Profit Deferred from 2020 + Intra-Entity Gross Profit Deferred from 2021

Let plug in the formula

Consolidated COGS =$5,800,000+ $1,300,000- $1,000,000-$34,200 +$27,000

Consolidated COGS = $6,092,800

Inconclusion the consolidated cost of goods sold for 2021 is $6,092,800.

Learn more here: brainly.com/question/14775785

6 0
2 years ago
Ryan is a 25% partner in the rocc partnership. at the beginning of the tax year, ryan's basis in the partnership interest was $9
maw [93]
Your answer is going to be, $115,000
6 0
3 years ago
Flounder Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $2,000, a
Anna35 [415]

Answer:

Through straight line method

In year 2020 =3100

In year 2021 = 3100

Through double declining method

In year 2020=6600

In year 2021= 5280

Through activity based

in year 2020=4544

in year 2021=3366

Explanation:

Through straight line method

Formula is (Cost-salvage)/Useful years

So,

Cost of good is $33000

Salvage amount is $2000

Number of useful years 10

Putting the values

(33000-2000)/10

3100

As, this is straight line method, depreciation for the next year (2021) would also remain same. 3100

Through double declining method

Formula is 2* depreciation rate

so, 2* 1/10

double declining rate is 1/5

So, 33000*1/5= 6600

6600 for 2020

Next year (2021),

Now we would subtract the amount of 6600 (already depreciated) from the 33000.

So, 33000-6600= 26400

Applying the rate, 26400*1/5 = 5280

So, next year 5280

Through activity based

we depreciate the truck according to its usage

So, in first year it was used 13800 miles. Maximum it can be used for 100,000 miles

First year 13800/100000= 13.8% used

we depreciate then 33000*13.8%= 4554

So, in 2020 4554

Next year (2021)

It was driven 10200 which is 10200/100000= 10.2%*33000

So, 0.102*33000= 3366

In 2021, depreciation of machine according to the activity based system was 3366

4 0
3 years ago
You have noticed that your boss, eric, has become very defensive and is constantly reminding you how things were done when he wa
Vlad1618 [11]

Answer:

The manager's ability to influence the behavior of its employees has been deteriorated

Explanation:

The reason is that the senior must influence its employee by continuous training of its employees to get their hands on work and help them achieve the targets. The daunting behavior can not influence the employee behavior for a long time and as a result the employee gets demotivated which results in the de-motivation of employees.

5 0
3 years ago
Read 2 more answers
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