Answer:
Part 1.
The negotiable range for the transfer price is between is $6 to $18 as the Netting division will incur loss if it sells its product below its variable cost whereas the maximum price it can transfer the product to Basketball equipment department is equal to the selling price that is $18.
Therefore, negotiable range is between for the transfer price is $6 to $18.
Part 2.
The minimum transfer price the Netting division should consider if at operating capacity is $18.
If they are at below capacity, the minimum transfer price would be $6.
Part 3.
The maximum transfer price the basketball equipment division should consider must be equal to the price outside vendors are charging for the same quality product that is $15.
Therefore, the maximum transfer price the Basketball Equipment Division should consider is $15.
Answer:
1) A: Gross wages do not represent a decrease in net cash received on an employees paycheck. The gross wage s what the employee would have earned if no deductions were made.
2) C: Year to date summaries on a paycheck stub accumulate salaries and deductions in the same way an income statement accumulates revenues and expenses over a period.
3) B: At the end of each accounting period temporary accounts have to be set to zero. Their balances are transferred to permanent accounts.
The Consumer Protection Act is poised to shift the power dynamic towards the customer – and smart businesses can stay ahead of the pack by attending free talks on the new law during the Business Opportunities and Franchise Expo, at the Coca-Cola Dome from 16 to 19 September 2010.
The legislation will have a direct impact on large and small enterprises alike, whether they are in the services, manufacturing, retail, consumer goods or other sectors. The Act has a number of far-reaching implications that savvy businesses should be mindful of.
<span>During the expo, jointly presented by the Thebe Exhibitions and Projects Group (TEPG) and the Eskom Foundation, Tracy Lawler, the Managing Director of 2iC, will be conducting free talks seminars on the Consumer Protection Act (CPA), in partnership with Wilken Duff Attorneys.
Hoped this helped!
Happy Studying!
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Answer: $24,000
Explanation:
Under the defined contribution Keogh plan, Harvey is allowed to contribute the lesser amount of either $57,000 or 20% of his self-employed income from business.
20% of income is;
= 20% * 120,000
= $24,000
This is less than the maximum of $57,000 and so is the amount that Harvey can contribute to his retirement plan.
Answer:
Cash flow from investing= -$7,000
It is an outflow.
Explanation:
Cash from investing activity is defined as the cash in flow or outflow from purchase of long term assets such as property, equipment, investment in securities, sale of securities, and purchase of plant. It is the second section of the cash flow statement
Negative cash flow from investing activity might indicate heavy investment on long term growth of the company. For example investment in research and development.
Sale of fixed asset is positive cash flow of $3,000
Purchase of common shares of Zillow co. is a negative cash flow of $10,000
Cash flow from investing= 3,000- 10,000
Cash flow from investing= -$7,000
