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MA_775_DIABLO [31]
3 years ago
10

You are one of nine partners of MobileWorks, a partnership organized to manufacture and sell mobile networking devices. You rece

ive an email from a start-up competitor, NetraNet, who is interested in hiring you immediately in a highly-paid leadership position. The rumor is that NetraNet is rapidly developing more advanced networking technology than MobileWorks. You would be eager to manage the new technology. However, the MobileWorks partnership agreement states that no partner can leave the partnership without giving sixty days’ notice to the other partners. You know that waiting sixty days would be too long and you would miss out on key opportunities at NetraNet. Considering partnership law and the business implications, evaluate the decision to leave the MobileWorks partnership immediately to join NetraNet.
Business
1 answer:
adelina 88 [10]3 years ago
4 0

Answer:

Try try but don't cry I think we don't lose our hopes

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If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,
Zepler [3.9K]

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

8 0
3 years ago
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
musickatia [10]

Answer:

correct option is d. $600

Explanation:

given data

sells product = $20 per unit

selling price fallen = $15 per unit

FIFO inventory = 200 units

purchased = $16 per units

Net realizable value fallen = $13 per unit

to find out

amount of the lower cost of market

solution

we know that here Company record inventory at lower

so market value or cost of the inventory at  declined time

and here Market Adjustment is the Difference of the cost and the Market Value

so cost will be here

Cost =  200 × $16

cost = $3200

and

Net realizable value will be

Net realizable value =  200 × $13

Net realizable value = $2600

so that Market adjustment is the difference of

Market adjustment  difference = $3200 - $2600

Market adjustment  difference = $600

so correct option is d. $600

8 0
3 years ago
Parker Corp. owns 80% of Smith Inc.'s common stock. During Year 1, Parker sold Smith $250,000 of inventory on the same terms as
IrinaVladis [17]

Answer:

c. $500,000

Explanation:

Given that :

Parker Corp. owns 80% of Smith Inc.'s common stock

During Year 1, Parker sold Smith $250,000 of inventory

Therefore; adjusted for inter Corp. sales = $250,000

The following information pertains to Smith and Parker's sales for Year 1:

                         Parker                     Smith

Sales                 $ 1,000,000            $ 700,000

Cost of Sales    $400,000                $ 350,000

Total                   $ 600,000              $ 350,000

For the Unadjusted Cost of Sales of Parker and Smith = $400,000+$ 350,000

= $750,000

The amount that Parker should report as cost of sales in its Year 1 consolidated income statement = Unadjusted Cost of Sales - adjusted for inter Corp. sales

= $750,000 -  $250,000

= $500,000

7 0
3 years ago
The banking crisis of 2008 is quite interesting to analyze. The factors that led to this near banking collapse are intriguing to
grin007 [14]

Answer:

huh

Explanation:

3 0
2 years ago
The claims of creditors against the assets are
marta [7]
Liabilities and owner's equity 
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5 0
3 years ago
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