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Alex_Xolod [135]
3 years ago
5

James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $240,00

0. At December 31, 40 percent of this merchandise remains in James's inventory. Gross profit percentages were 30 percent for James and 40 percent for Carl. The amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is
Business
1 answer:
erastova [34]3 years ago
4 0

Answer:

The amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is $38,400

Explanation:

The computation of the eliminated amount in the consolidation process is shown below:

= Merchandise sold × remaining percentage × Carl percentage

= $240,000 × 40% × 40%

= $38,400

We simply do the percentage of the remaining inventory and Carl percentage to the sold merchandise

The James percentage should not be considered for the computation part. Hence, we ignored it

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Answer:

<em>B. Unique selling proposition</em>

Explanation:

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C. the starvation of up to 35 million people.

Explanation:

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3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
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Answer:

Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)

= 2,850 - (230 * 14.4)

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Answer:

A. that my answers

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d. Jones stops listening to music on his speakers; therefore, Smith is able to concentrate on his work

4 0
3 years ago
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