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3 years ago

14

The date for george washington's birthday is common knowledge which means you don't have to cite the source in which you found i

t.
a. True
b. False

1 answer:

Elden [556K]3 years ago

5 0

The answer to that should definitely be true.

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In periods subsequent to an asset transfer from a subsidiary to its parent at a gain, what effects continue on the seller's and

Alik [6]

Answer:

a. retained earnings of the seller are overstated

Explanation:

An asset transfer from a subsidiary to its parent at a gain is an Intragroup transaction. Intragroup transactions must be eliminated otherwise the financial statements would be misleading and not have a faithful representation.

The consequence of this transfer is that the Income of the Seller (subsidiary) increases and this also increases the Retained Income Balance of for the Subsequent years. We should eliminate this Income.

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3 years ago

A cement manufacturer has supplied the following data:

neonofarm [45]

The answer will be 60. 0%

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3 years ago

Money Withdrawn from bank for office use ,which account are affected In a three column cash book

kkurt [141]

Withdrew Cash from Bank for Office Use: It is also contra entry and recorded on both sides of cash book. It reduces the bank account and increases the cash on hand. It is recorded on payment side (bank column) and receipt side (cash column) of cash book

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3 years ago

Easton Corporation is involved in the evaluation of a new computer-integrated manufacturing system. The system has a projected i

Novay_Z [31]

Answer and Explanation:

1. The discount rate is

If we go through the options

like we assume 10%

So, the net present value is

= ($250,000 × 4.3553) - $1,000,000

= $1,088,825 - $1,000,000

= $88,825

Now if the discount rate is 11%

So, the net present value os

= ($250,000 × 4.2305) - $1,000,000

= $1,057,625 - $1,000,000

= $57,625

So the net present value is $57,625

2. The profitability index is

= ($1,000,000 + $57,625) ÷ ($1,000,000)

= 1.058

3. The internal rate of return is

It is 12.98% that lies between 12.5% and 13%

6 0

3 years ago

An accountant increases the price he charges for his services by 66 percent. In response, the demand for his services decreases

Rama09 [41]

Answer:

Decrease

Explanation:

The accountant's revenue will decrease because the demand for his services has fallen by 1,818%, while the price he charges has only gone up by 66%.

The rise in prices will not be enough to cover the losses for such a deep fall in demand.

For example, suppose that before, the accountat used to complete 200 services a month for $100 per year, his total revenue is = 200 x $100 = $20,000.

Now, he will charge 68% more, the new service fee is $168, but demand for his services will now be a negative 3436 (200 x 1,818% = 3636), so his revenue will be 0, or even, negative (he could get into debt to afford his expenses).

7 0

3 years ago