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4 years ago

Robinson Co. had the following transactions in 2016, its first year of operations.

Business

1 answer:

Aloiza [94]4 years ago

6 0

Answer:

Income Statement (cash basis)

Sales revenue $275,000

Utilities ($32,000)

Materials and supplies ($75,000)

Equipment ($50,000)

Wages ($65,000)

Insurance ($36,000)

Net income = $17,000

Income Statement (accrual basis)

Sales revenue $310,000

Utilities ($32,000)

Materials and supplies ($50,000)

Depreciation expense: equipment ($10,000)

Wages ($77,000)

Insurance ($18,000)

Net income = $123,000

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N Force, a U.S. car manufacturing company, has expanded its business operations to China. Unlike their U.S. colleagues, many Chi

Ede4ka [16]

Answer:

c. Requesting leaders to impart the message to employees

Explanation:

As the culture of an organization that suits to china in terms of elders here the best way to pass the message i.e. from the leaders to the employees

The option c would represent the same and considered to be best suited in China with respect to the top-down hierarchical culture so that the message could be spreaded

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3 years ago

Jabiru Corporation purchased a 20% interest in Fish Company common stock on January 1, 2013 for $300,000. This investment was ac

Vesna [10]

Answer:

$280,950

Explanation:

As for the information given:

Closing balance of investment on 31 December 2015 = $440,000

Now the following adjustments need to be made to calculate the balance as on 1 August 2016

Add: Share of income from Jan to Jul 2016 = $4,000 $\times$ 7 months $\times$ 20% = $5,600

Less: Dividend Received = $20,000 $\times$ 20% = $4,000

Less: Amortization of patent = $6,000/12 $\times$ 7 = $3,500

= $440,000 - $1,900 = $438,100

Since Jabiru sold half of its investment, thus, value of its half of the investment shall be:

$438,100/2 = $219,050

Sale value = $500,000

Thus, gain amount = $500,000 - $219,050 = $280,950

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3 years ago

Describe the elements that must be present for the courts to rule that a contract is unconscionable?

Evgesh-ka [11]

The elements that would have to be in place for a contract to be unconscionable would be that

They were under pressure
They were misled
They did not have the right information

<h3>What is meant by a contract?</h3>

This is the term that is used to refer to the fact that two people or more have agreed to do business with themselves.

In order to be a contract, one person would have to create a bargain and the other would be the one that would agree to the terms.

It is unconscionable at the time when the contract is done and the person or one of the parties is found not to have been able to make the contract agreement at their right frame of mind. In this case, the law has the power to protect this party.

Hence they would have to rule in his favor. Therefore to be unconscionable, a contract would have to have been misled, have been made under duress and without the adequate information.

Read more on contracts here:

brainly.com/question/5746834

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1 year ago

What is a fiscal year?

Darina [25.2K]

A fiscal year, is a 12-month financial planning period that may or may not coincide with the calendar year.

Explanation:

A fiscal year to the government is just like a financial year for a company/corporation.

A government can have a fiscal year from the middle of a year (July) to the next year (June) which in total is 12 months.

Sometimes a fiscal year coincide with the calendar year but that does not acknowledge the fact that is must be a calendar year.

This fiscal period are a planned period to take up projects or meet budgets.

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4 years ago

Read 2 more answers

Communication with the public and employees should be overseen by the director of PR. The duties of the crisis team should be di

Veseljchak [2.6K]

Answer: The third option (option C) is the right answer.

Explanation:

The paragraph which has the best coherence is option C. This is because in the case of the third option, it explains that the flow of ideas is constant from one sentence to another.

The first sentence serves as an introduction which talked about the reasons why duties should be divided based on each member’s expertise. The sentences moved smoothly and also logically from one sentence to another sentence. An example is the sentence that “if your company does not have a public relations executive…..”. This should logically proceed the sentence that says that communication ought to be overseen by the director of PR.

This shows that the third option possesses a consistent and logical train of thought as well.

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3 years ago