Answer:
Question a:
The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-
Question B:
There are 3 entries required to eliminate te sale of goods form rochne to doone.
The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone. To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year. Here is the engru:
Debit/sales/$530
Credit/COGS/ ($318) 60%
Credit inventory ($212) 40%
The next entry has to do with the amount of inventory that remained from the last intercompany transaction. This is caclulated usin 40% of 2017 sales, which were $430. So:
Debit inventory $172
Credit Cogs ($172)
The last part is to eliminate the recievable on the book of rockne when they made te sale
Debit Payable $530
Credit receivable ($530)
Answer:
Rodgers can hedge its foreign risk by using a Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.
Explanation:
Solution
Since Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan, so he has to hedge his exchange rate risk by buying or purchasing Yuan future contract for 90 days.
So, Rodgers Incorporation should make a contract to buy Yuan in the future market today at an agreed price in 90 days.
Answer:
Mentor
Explanation:
The mentor is the person who has knowledge, experience, skills and he or she is able to guide, motivate, gives the training, supervise the lower skill employees so that they can perfect in their work.
But for motivating, guiding the employees we need to appoint the right people who belong from organizational sponsor so that the lower level employees could able to accomplish their tasks so that the overall objective of the company could be accomplished.
Answer:
return in dollars: 2.38
rate of retrun: 6.35%
Explanation:
<u>there are two returns:</u>
<em>one is the dividends</em> cash flow of $ 0.6
and the other is the <em>capital gain:</em>
current market price - cost: 39.28 - 37.5 = $ 1.78
total return in dollars: $ 2.38
2.38/37.50 = 0,06346667 = 6.35%
Answer: 2. Although the presentation was extremely long, it outlined the research, analyzed the data, and provided clear recommendations that will be useful in the future.
Explanation:
Parallel Sentences are constructed when you used the same grammatical form across the entire sentence. This way the sentence is balanced and easier to read.
For example, Sophia likes reading, hiking and watching television. As opposed to, Sophia likes reading, hiking and watch Television. The watch in the sentence is not using the grammatical form that is the present participle which is present in most of the sentence.
The correct sentence above therefore is the second one.
It uses the same form throughout the sentence by putting it in past tense.
