Answer:
The journal entry to record the sale will include a,
<em>Cash $12,400 (debit)</em>
<em>Profit and Loss $1,000 (credit)</em>
<em>Investment in Teal Company $11,400 (credit)</em>
Explanation:
The Investment is carried in the the Financial statement at its Fair Value of $11,400, and this needs to be eliminated following the sale.
Recognize the cash proceeds following the sale of investment of $12,400.
Lastly any amount paid in excess of the Fair Value of the Investment must be recognized as profit or as loss (if fair value exceeds the cash proceeds)
Answer:
OPTION D:)THAT THE PROJECT IS APPROVED..
AS APPROVED SUMMARY=APPROVED+SUMMARY.
Answer:
The correct answer is Supervisor.
Explanation:
The supervisor is in a position of hierarchical superiority, as he or she has the ability or the power to determine whether the supervised action is correct or not.Therefore, supervision is the act of monitoring certain activities in such a way that they are carried out in satisfactory way.
Supervision is mainly used in companies, where the supervisor position usually exists. In this sense, supervision is a technical and specialized activity whose purpose is the rational use of productive factors. The supervisor is responsible for ensuring that the company's workers, raw materials, machinery and all resources are coordinated to contribute to the company's success.
Answer:
1. Ending Carrying value value in 2016 = legal cost for application which is $20,000
Ending Carrying value in 2017 = legal cost of application in 2016 + legal fees incurred in 2017 = $20,00 + $8000= $28,000
2. The company should not amortize the trade as it was not impaired in 2016 and 2017.
The trade name can be amortized if it's useful life is known above which the company has determined that it will not use the trade name anymore, then it will be amortized over it's useful life.
Answer:
customers.
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
One of the importance associated with good marketing communication (relationship marketing) is that, it improves the image of a business firm. A business firm with a good company reputation or prestige for the sales and production of quality products with an excellent customer relationship can easily introduce new products into the market at a high price without limitations.
Hence, companies use relationship marketing to build and maintain relationships with their customers.
