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Katyanochek1 [597]
3 years ago
11

Tower Inc. owns 30% of Yale Co. and applies the equity method. During the current year, Tower bought inventory costing $66,000 a

nd then sold it to Yale for $120,000. At year-end, only $24,000 of merchandise was still being held by Yale. What amount of intra-entity inventory profit must be deferred by Tower?
A. $6,480.

B. $3,240.

C. $10,800.

D. $16,200.

E. $6,610
Business
1 answer:
mash [69]3 years ago
3 0

Answer:

Option B $3240

Explanation:

The reason is that the gross profit on the sale is $54,000 ($120,000 - $66,000). This gross profit margin is 45%.

The ownership share of the inventory that is in stock of the subsidiary would be 30% and out of this 30%, the 45% profit of profit which is $3240 ($24,000 * 30% Ownership of stock * 45% Gross Profit Margin), must not be recognized in the income statement and balance sheet.

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Suppose that over the past year, the real interest rate was 6 percent and the inflation rate was -2 percent. It follows that a.
ANEK [815]

Answer:

d

Explanation:

Nominal interest rate = real interest rate + inflation rate

6 - 2 = 4%

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

if inflation declined by 2 percent, it means purchasing power increased by 2%.

Total increase in purchasing power = 6 + 2 = 8

6 0
3 years ago
Which of the following describes a positive organizational culture? ANSWER Unselected Expresses the core values that a majority
aliina [53]

Answer:

Unselected Emphasizes building on employee strengths, rewards more than it punishes, and emphasizes individual vitality and growth.

Explanation:

The organization's culture means the behavior in an organization. It includes the benefits that are shared among people, the values that are created by the leaders and the same is being communciated via different methods

So as per the given situation, the positive organization structure represent the strength of the employees, rewards, growth of an individual

Therefore the above represent the answer

5 0
3 years ago
Your résumé should be one-of-a-kind. True False?
den301095 [7]

Your résumé should be one-of-a-kind is True.

  • True

<u>Explanation:</u>

Each resume is a stand out showcasing a correspondence. It ought to be suitable to your circumstance and do precisely what you need it to do. Most continues use the great switch sequential configuration. Your name and contact data go at the top, followed quickly by your business history. Truly it is the substance of your resume that issues more than all else and those tricks sit idle however aim interruptions.

Beginning with your current or most latest position and strolling back through time, this arrangement doubtlessly shows enrollment specialists precisely where you've been including instruction, unique research, introductions you've given and papers or books you've had distributed.

7 0
4 years ago
You own an auto repair shop. When you recycle old car batteries, you receive a $25 refund from the manufacturer. When your custo
Firdavs [7]

Answer:

1375

Explanation:

Its really simple if you think about it your just multiplying

25x55 and if you meant add 25 to 10 then do

35x55

5 0
3 years ago
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hram777 [196]

Answer:

IMC

a.True

Explanation:

The coordination of all distributive activities is a just part of the integrated marketing communication that is IMC, as it tries to offer seamless consumer experience.  For instance, if  Company XYZ fails to provide the right product in the right place and at the right time for consumers, then the essence of its IMC is lost.

IMC means Integrated Marketing Communication.  It is a marketing communication approach that integrates many components for marketing communication effectiveness.  The foundation component ensures that IMC approach provides the right products in the right place and at the right time for consumers.  IMC also integrates the corporate culture, with a focus on branding and customer satisfaction.

Since IMC aims to increase sales and profits, sharpen the brand's competitive advantage, and achieve brand loyalty, it means that the goals cannot be achieved when Company XYZ's distribution channel offers empty promises by not putting the right XYZ product in the right place and at the right time for consumers.

5 0
4 years ago
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