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4 years ago

A dance studio and a dancewear manufacturer decide to combine. this type of merger is called a ________.

1 answer:

8 0

This is called a vertical merger. Vertical merger is a merger where two companies merge and operate having the same goal of providing a common product and services. This is also where the companies expand example of this is the ebay and paypal which merge to have a common service.

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A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

ruslelena [56]

Answer:

75,000 equivalent units

Explanation:

Calculation to determine What were the equivalent units of production for conversion costs for the month of March

First step is to calculate completed and transferred units

Completed and transferred units =5,000 + 70,000 − 25,000

Completed and transferred units = 50,000

Now let determine the equivalent units for direct materials cost

Using this formula

Equivalent units for direct materials cost =100% of the completed units + 100% of the ending inventory

Let plug in the formula

Equivalent units for direct materials cost= (50,000 × 100%) + (25,000 × 100%)

Equivalent units for direct materials cost=50,000+25,000

Equivalent units for direct materials cost=75,000

Therefore the equivalent units of production for conversion costs for the month of March is 75,000

3 0

3 years ago

A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal

NemiM [27]

Answer:

It is a relatively easy method to apply.

Explanation:

When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.

But here, the parent company uses, initial value method for internal reporting.

Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.

There is no statutory requirement to follow such initial value method for internal reporting.

The correct reason therefore, is:

It is a relatively easy method to apply.

7 0

3 years ago

Explain whether the following statements are true or false.

Nastasia [14]

Answer:

FALSE
TRUE
FALSE
TRUE
FALSE

Explanation:

Usually, derivative transactions are being used to hedge transactions so that decreased risk and used to increase the high returns, so the following statement is FALSE.
This statement is TRUE as hedge funds have typically had a minimum offer of the sum above $1 million.
This statement is FALSE as we can see that Hedge Funds are mostly uncontrolled on the market, on the other side we might argue that mutual funds are highly regulated.
this statement is TRUE because,The geographical location of the New York Stock Exchange is in New York.
this statement is FALSE, because the bid starts from, where the seller wants his minimum profit.

6 0

3 years ago

On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, w

Dmitriy789 [7]

Answer:

$6,666.67 and $10,000

Explanation:

The computation of the depreciation expense for the year 2017 and 2018 is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($88,000 - $8,000) ÷ (8 years)

= ($80,000) ÷ (8 years)

= $10,000

Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months

Therefore for the year 2017 the depreciation expense is

= $10,000 × 8 months ÷ 12 months

= $6,666.67

And, for the year 2018 the depreciation expense is same i.e $10,000

6 0

3 years ago

The director of hr at multimedia corporation is concerned about some stereotyping which has occurred in the work environment. to

alex41 [277]

To combat this stereotyping the HR director has decided to<u> "adopt more transparent practices".</u>

Nowadays, pay transparency is an interesting issue among HR and compensation experts. Pay transparency doesn't need to be a win or bust approach where everybody knows every other person's compensation. Or maybe, we trust transparency is a range. It's how much an association will examine its general pay rehearses. Pay transparency is significantly something other than the dollar sum a business pays every worker. It's additionally being more open about how pay was resolved and giving a clarification of the organization's compensation grades.

4 0

3 years ago