Answer:
Question a:
The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-
Question B:
There are 3 entries required to eliminate te sale of goods form rochne to doone.
The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone. To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year. Here is the engru:
Debit/sales/$530
Credit/COGS/ ($318) 60%
Credit inventory ($212) 40%
The next entry has to do with the amount of inventory that remained from the last intercompany transaction. This is caclulated usin 40% of 2017 sales, which were $430. So:
Debit inventory $172
Credit Cogs ($172)
The last part is to eliminate the recievable on the book of rockne when they made te sale
Debit Payable $530
Credit receivable ($530)
Publicity is mass selling that avoids paying media costs. Publicity is attention give to something or someone from the media. The media will advertise things that are going on, positive or negative, for ratings. When they do this, they are driving attention towards a topic that wasn't asking or paying to have their information on air. Publicity serves as mass selling and advertising that is free to the person or organization gaining it.
Answer:
28.6 days
Explanation:
Avg Receivables= Beg Receivables + Ending Receivables /2
=65,800+73,000/2
=$138,800/2
=$69,400
Receivable turn over= Net Sales/ Avg Receivables
=884,000/69,400
=12.74
days to collect during year= 365/ Receivable turn over =365/12.7
=28.6 days
Answer:
d. Marketing
Explanation:
Marketing advantage is the edge a company has at attracting customers by having superior products, lower prices, innovative distribution, and effective promotion.
When businesses improve their marketing process it results in a strong brand, more loyalty, and resultant competitive advantage in the market.
The percent of increase is 1%. To figure this out, simply reason that 1% of $100 is $1. Therefore, because $300 is a threefold increase, 1% would be $3.
