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Aneli [31]
3 years ago
5

During 20X0, Pard Corp. sold goods to its 80%-owned subsidiary, Seed Corp. At December 31, 20X0, one-half of these good were inc

luded in Seed's ending inventory. Reported 20X0 selling expenses were $1,100,000 and $400,000 for Pard and Seed, respectively. Pard's selling expenses included $50,000 in freight-out costs for goods sold to Seed. What amount of selling expenses should be reported in Pard's 20X0 consolidated income statement?
Business
1 answer:
wolverine [178]3 years ago
4 0

Answer:

The amount to be repot is $1,450,000

Explanation:

in this question, we are asked to calculate the amount of selling expenses to be recorded in the company’s consolidated income statement for that year.

To answer this question, we employ a mathematical approach;

Mathematically;

Selling expenses = Total expenses - Contra Expenses

from the question, we identify that total expenses is (1,100,000 + 400,000) = $1,500,000

Contra expenses = $50,000

The selling expenses is thus; 1,500,000 - 50,000 = $1,450,000

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Par value a.is the monetary value assigned per share in the corporate charter b.is established for a share of stock after it is
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c.represents what a share of stock is worth

Explanation:

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4 0
3 years ago
Bob goes to the store to buy food.
garri49 [273]

Answer:

We always go to the store to buy food.

Explanation:

Yet somehow come out with a hole new wardrobe, new furniture, and a pet snake. This is because of the store's market. They make prices look phenomenal even if they really aren't great. They make the items look like things that you absolutely cannot live with out. Making you basically buy the whole store!

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2 years ago
When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money su
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When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to the

right, raising the price level.

What does money market mean?

The money market refers to trading in very short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders. At the retail level, it includes money market mutual funds bought by individual investors and money market accounts opened by bank customers.

What is the features of money market?

It is market purely for short-term funds or financial assets called near money. It deals with financial assets having a maturity period up to one year only. It deals with only those assets which can be converted into cash readily without loss and with minimum transaction cost

What Is Price Level?

Price level is the average of current prices across the entire spectrum of goods and services produced in an economy. In more general terms, price level refers to the price or cost of a good, service, or security in the economy.

Learn more about price level:

brainly.com/question/10490541

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4 0
1 year ago
10. The assembly worker reached for an Allen wrench in the workplace, hesitating momentarily while searching for the correct siz
Yuri [45]

Answer:

Explanation:

The list can be seen below.

Sequ    Therblig     Therblig                 Description

ence     symbol       name

1          TE       Transport empty   \text{Reach for the Allen wrench in the workplace}

2          St         select                   \text{ Select the correct size}

3          G         Grasp                   \text {Grasp the Allen wrench}

4          TL       Transport loaded  \text{Pick up and move Allen wrench toward screw}

5          P         Position                \text{Position Allen wrench into hexogonal socket}

6          RL       Release               \text{Release grip on Allen wrench}

7          TE       Transport Empty \text{Move wrist and finger in preparation for turning}

8           U         Use                    \text{Twirl Allen wrench with one continuous motion}

9           TE       Transport empty \text{Reposition wrist and hand}

10          G         Grasp                 \text{Grip Allen wrench in preparation for tightening}

11           U          Use                  \text{Tighten screw with Allen wrench}

8 0
2 years ago
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