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sladkih [1.3K]
4 years ago
14

Recently there have been several mergers involving Big Four accounting firms. One such merger involved the firms of Arthur Young

and Ernst & Whinney, who combined to form Ernst & Young. This is an example of a__________.
Business
1 answer:
Elodia [21]4 years ago
7 0

Answer:

The correct answer is: Horizontal Merger.

Explanation:

A Horizontal Merger occurs when companies within the <em>same industry</em> merge. Competing firms that offer similar goods and services are the most likely to merge horizontally. The potential gain in market share is much greater for such companies. They can also create an organization that has the chance to combine operations for more efficient functioning.

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1. What are three common types of federal taxes? (1.5 points) 2. What are two common types of state taxes? (1.0 points) 3. What
Murljashka [212]

1. What are three common types of federal taxes? (1.5 points) federal income taxes, payroll taxes (Social Security and Medicare) and estate tax

2. What are two common types of state taxes? (1.0 points) Income tax, sales tax

3. What is a tax refund? (0.5 points) A refund ta taxpayer receives after filing a return

4. What is payroll withholding? (0.5 points) payroll taxes (Social Security and Medicare)  

5. What is estimated tax? (0.5 points) Estimated tax is the method used to pay tax on income that is not subject to withholding.

6. What is an IRS audit? (0.5 points)  An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

7. What is a dependent? (0.5 points) s a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption. Children are an example of this

6 0
3 years ago
A process produces two types of products A and B. Product A is done in batches of 1000 units. It involves a setup time of 2 hour
aleksley [76]

Answer:

Explanation:

1. Only product A is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 75 seconds

Setup time 2 hours

Batches= 1000 units

Run time to produce one batch of A = 1000*75sec = 75,000 seconds

Setup time = 2 hours = 7200 seconds

Remaining seconds = 144,000 - (75,000+7200) = 61,800 seconds

Product A manufactured in 61,800 sec = 61,800/75 = 824

Total Product A manufactured are = 1824 units

2. Only product B is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 45 seconds  

Setup time= 1 hour

Batches= 500 units

To produce one batch of A = 500*45sec = 22,500 seconds

Setup time = 6 hours = 6*7200 seconds= 43,200sec

Remaining seconds = 144,000-(22,500+43,200) = 78,300 seconds

Product A manufactured in 78300 sec = 1740

Total Product A manufactured are = 500+1740= 2240 units

3. A and B are produced in a mix of 25% A and 75% B?

Considering loss of 3 hours setup time, 37 hours is left to produce

A is manufactured for = 25% of 37 hours = 9.25 hours = 33300 hours

B is manufactured for = 75% of 37 hours = 27.75 hours = 99900 hours

Production of A = 33300/75 sec= 444 units

Production of B = 99900/45 sec= 2220 units

6 0
3 years ago
Read 2 more answers
Computing the terminal-year FCF: Miles Cyprus Corp. purchased a truck that currently has a book value of $1,000. If the firm sel
jeka57 [31]

Answer:

$3,800

Explanation:

Miles Cyrus bought the truck for $1,000 and then sold it for $5,000:

The selling price of the truck is =                  $5,000

The cost basis of the truck is =                     ($1,000)

Net capital gain is =                                        $4,000

capital gains taxes is $4,000 x 30% = $1,200

The terminal year future cash flow is = $5,000 - $1,200 = $3,800

4 0
3 years ago
Why do we have to pay for brainly? brainly should be a completely free to help children in need with work they dont understand a
Vitek1552 [10]

Answer:

You have to pay??? I don't‍♀️

6 0
3 years ago
Read 2 more answers
A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18,
elena-14-01-66 [18.8K]

Answer:

$18,000 gain

Explanation:

Calculation for the amount of foreign currency gain or loss that should be recognized in income on December 31, year 2

Since Forward rate was given as:

December 18, year 2 $1.25

December 31, year 2 $1.31

Which means we have to Deduct the forward rate of December 18, year 2 which is $1.25 from the forward rate of December 31, year 2 which is $1.31 and then multiply it by the amount in which forward rate was purchased which is 300,000 Euro which will in turn give us the amount of foreign currency gain that should be recognized in income on December 31, year 2

Now let calculate

Forward rate December 18, year 2 $1.25

Less Forward rate December 31, year 2 $1.31

=$0.06 gain per Euro

Now let calculate for the amount of foreign currency gain that should be recognized in income on December 31, year 2

Hence,

Forward rate purchased amount 300,000 Euro ×$0.06 gain per Euro

=$18,000 gain

Therefore the amount of foreign currency gain that should be recognized in income on December 31, year 2 will be $18,000 gain.

6 0
3 years ago
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