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goldfiish [28.3K]
3 years ago
10

Which of the following acquisitions would be considered the LEAST related? Group of answer choices A candy manufacturer purchase

s a chemical laboratory specializing in food flavorings. A chain of garden centers acquires a landscape architecture firm. A hospital acquires a long-term care nursing home. An upscale "white-tablecloth" restaurant chain acquires a travel agency.
Business
1 answer:
kari74 [83]3 years ago
4 0

Answer:

An upscale "white-tablecloth" restaurant chain acquires a travel agency.

Explanation:

Few reasons:

  • Such restaurant are luxurious, so they would want to collaborate with travel agencies but not acquire the whole agency itself.
  • Being the upscale restaurant they have to work on their own image not acquiring unnecessary agencies.
  • They have their own customer market, who won't compromise on the choices they make, so they don't need to acquire a travel agency to increase it's branding as not everyone can afford such restaurants.
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Assume PRC Corp., an equipment distributor, sells a piece of machinery with a list price of $600,000 to ACH Inc. ACH will pay $6
katen-ka-za [31]

Answer:

b. $600,000

Explanation:

The company has to record as revenue the product at the list price, then if exist a special discount on the price list, it must be record as discount applied to products in the Income Statement, separate of Revenue or Gross Sales.

The price that the company ACH pay by the product ($650,000) it's not at change on the price if not due to the payments term which is one year later, so the company ACH has to pay a financial cost because the payment will be made one year later.

6 0
3 years ago
When the accounts of Sunland Inc. are examined, the adjusting data listed below are available on December 31, the end of the ann
7nadin3 [17]

Answer:

Sunland Inc.

Adjusting Journal Entries:

Account Titles and Explanation     Debit      Credit

Interest Expense                            $1,152

Interest Payable                                          $1,152

To record accrued interest for 8 months.

Rent Revenue                               $2,600

Deferred Revenue                                       $2,600

To record deferred rent revenue for 2 months.

Supplies Expense                         $1,570

Supplies                                                       $1,570

To record supplies expense for the period.

Explanation:

a) Data and Calculations:

1. Interest Expense $1,152 Interest Payable $1,152 ( $28,800 * 6% * 8/12)

2. Rent Revenue $2,600 Deferred Revenue $2,600 ($7,800 * 2/6)

3. Supplies Expense $1,570 Supplies $1,570 ($2,110 - $540)

b) The above adjusting journal entries are made in order to reverse the earlier entries made.  The purpose is to bring the accounts in line with the accrual concept and the matching principle of generally accepted accounting principles.  These require that expenses and revenues for the period are matched and recognized whether or not cash is exchanged.

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3 years ago
Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.
Alex777 [14]

Answer:

Find the answers in the excel file attached.

Explanation:

The impact of the accounting equation has been shown as well.

Download xlsx
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3 years ago
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Answer:True

Explanation:There are many form a quick editing hoped this helped ;) ... In a spreadsheet, there are many features that help you edit quickly.

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