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Verizon [17]
2 years ago
7

Which of the following is NOT a special power if the senate?

Business
1 answer:
AnnZ [28]2 years ago
6 0
D. Appointments to the Supreme Court must be apptoved in the Senate.

not sure though
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On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of
polet [3.4K]

Answer:

Polo will report $318,750 as its investment in Stallion at December 31, 20X8

Explanation:

Common stock = $300,000 acquired at 75%

Net income = $40,000

Pay dividends = $10,000

Increase in value of Patent = $50,000    

Economic Life = 10    

Amortization = $5,000    

Therefore, the $ 5000 would be reduced from the net income.

Investments in Polo = $300,000 + [0.75 × (40000 - 10000 - 5000)]

= $300,000+ 0.75(25,000)  

= $300,000+ $18,750    

= $318,750    

7 0
3 years ago
For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willin
elena-14-01-66 [18.8K]

Answer:

Producer surplus.

Explanation:

Producer surplus is the difference between the price of a product they're willing to sell and the price they're gonna actually received. In this case she is willing to spend $30 + $10 coupon and she buys $35 pair of jeans.

So, she's only paying $30, that means seller is receiving $5 less.

Therefore, producer surplus is $5.

8 0
2 years ago
For 2020, your company planned on selling 10,000 units of its highest priced product - Fish Sticks, which is also its highest ma
Eddi Din [679]

Answer: Negative Sales Mix Variance

Explanation:

With regards to the above question, the company has a negative sales mix variance. First and foremost, we should know that the sales mix variance simply has to do with the difference between the actual sales mix and the budgeted sales mix of a company or organization.

From the question, there'll be negative sales mix variance and this will bring about a reduction in the revenue of the company as the budgeted sales will be lesser than actual sales. Therefore, Profit also reduces.

6 0
2 years ago
Segregation of duties controls dictates that the collection and recording functions be kept separate from each other. However, t
nekit [7.7K]

Answer:

Option D All of the above statements are correct.

Explanation:

The solution of the issue is software integration and making flow of information on timely basis across the company. The recommended solutions given in the question are correct because:

  1. Establishing a lockbox arrangement is similar to having a single company bank account. This means that the company will have a confirmation from the bank that the payment is received by the bank from customers.
  2. The remittance advice sent with payment helps to solve the misunderstanding, assist in recording transaction to keep the system updated and provides resistance to fraudulent practice.
  3. The mailroom personnel who require mailing of trade receivable balance which the customers owe to company and trade payable balance which the company owes to suppliers. This avoids the company paying illegitimate amounts and receiving the amounts which the customers actually should pay to the company.

So all of the statements are correct.

5 0
3 years ago
Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi
UNO [17]

Answer:

Units transferred out = 760

Explanation:

If we assume that all units are completed in the order of arrival i.e (FIFO), then the units transferred out is the sum of the opening inventory and the units started and completed in the period. The units started and completed in the period is referred to fully-worked.

Fully worked is computed as the units started in the period less the closing inventory .

Fully- worked = 800 - 240 = 560

The units transferred out = opening inventory + Fully-worked

                                          = 200 + 560 = 760

Units transferred out = 760

Note we assumed that the units of the inventory( started last period i.e January) would be worked on first in the month of February  before any other units. So, it is assumed completed by the end of February

6 0
2 years ago
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