Answer:
1. b. $120,000
2. a. $62,000
3. a. $58,000
Explanation:
1. Since the Subsidiary has <u>sold the entire inventory to an unaffiliated company</u> on November 21, 20X8, Then the sales to the group will be the amount at which a third party has bought it which is $120,000
2. Since the Parent had produced the inventory which has now been entirely sold out of the group, for $62,000. then the cost of goods sold to the group is the amount at which the parent produced it.
When the group is being consolidated all inter-company profits and transfer costs are eliminated and ignored to get the true picture of the transactions at arms length.
3. The consolidated amount of net income will be the amount at which the group bought it less the amount at which they sold it which is $120,000 - $62,000 = $58,000
Answer:
Stories
Explanation:
Stories are the stuffs that the people hear about and like to discuss about. Stories are part of the organization culture and are a good means for an organization to affect customer choices because the issues of the customers are highlighted which helps organization to rectify its operations.
Answer:
$50,000
Explanation:
<em>Manufacturing cost is sum of direct material plus direct labour and manufacturing overhead</em>
Direct material is the cost of all materials directly consumed for production purpose.
Direct labour is the cost of labour hours used for directly for production purpose
Manufacturing cost = 15,000+30,000 + 5000
=$50,000
The behavior that will typically lead to low credit score is <span>A. Maxed out credit cards
When people maxed out their credit cards, the credit card company will most likely to make additional charges before the balance is paid out. Maxed out credt cards would be interpreted as having uncontrollable consuming behavior and will result in low-credit card score.</span>
