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3 years ago

Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.

Business

1 answer:

Blizzard [7]3 years ago

6 0

Answer:

Detailed solution is given below in attached diagram:

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Singh, a member of Trucking LLC, ceases to be associated in the carrying on of the business of the firm. Despite the dissociatio

horsena [70]

Answer:

b. the member’s duty of care continues with respect to prior events.

Explanation:

In the case when the member stops to be associated with the carry on the business so depsite of the dissolution the care of the member should be related to the previous events as the member could owe the duty of care to LLP within the tort law and it continues even after the member leaves the LLP for the past events

Therefore the option b is correct

4 0

3 years ago

P Company sold merchandise costing $240,000 to S Company (90% owned) for $300,000. At the end of the current year, one-third of

Ganezh [65]

Answer:

Inter-company profit eliminated = $12,000

Explanation:

Given:

Value of inventory = $300,000

Cost of inventory = $240,000

Computation of Profit recognized on sale profit

Profit recognized on sale = Value of inventory - Cost of inventory

Profit recognized on sale = $300,000 - $240,000

Profit recognized on sale = $60,000

Computation of Profit margin:

Profit margin = [60000/300000]×100 = 20%

Profit margin = 20% = 0.20

Computation of closing Inventory :

Closing Inventory = $300,000 (1/3)

Closing Inventory = $100,000

Profit during the year = $ 92,000

Value of inventory = $100,000 (1-0.20)= $80,000

Inter-company profit eliminated= $92,000 - $80,000 = $12,000

5 0

3 years ago

Alasia often deals with customers by traveling to their homes to install energy sources. She can also fix any issues the custome

nekit [7.7K]

Alasia often deals with customers by traveling to their homes to install energy sources. She can also fix any issues the customer may have. Alasia is most likely an Electrician, If Alasia can fix almost any issue, it means it doesn´t need to be about the energy source, it may be about other technical electric problems, making Alasia an electrician.

8 0

3 years ago

Read 2 more answers

If you want an indication of the direction a business is taking, you would use A. vertical analysis. B. trend percentages. C. b

faust18 [17]

Answer:

B. trend percentages

Explanation:

Based on the information provided within the question it can be said that the the analysis that would best suit this need would be trend percentages. This is an analysis of the business' that shows an individual the changes in the business' finances over a period of time. Thus allowing the individual to see if the business is growing or slowly dying, in other words the direction that the business is taking.

3 0

3 years ago

Q 7.13: a(n)________ requires a journal entry by the depositor.

kozerog [31]

A BANK SERVICE CHARGE requires a journal entry by the depositor.
On the other hand, the bank errors do not require a journal entry by the depositor.
A journal entry refers to an entry made inside a journal (a bank record). The bank service charge is always shown on the bank statement and on the last date of the bank statement.

4 0

3 years ago