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Ede4ka [16]
3 years ago
14

James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $307,00

0. At December 31, 50 percent of this merchandise remains in James's inventory. Gross profit percentages were 35 percent for James and 45 percent for Carl. The amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is
Business
1 answer:
Arturiano [62]3 years ago
7 0

Answer:

$69,075

Explanation:

James Corporation

Merchandise remaining in James’s inventory:

$307,000 × 50% = $153,500

Intra-entity gross profit:

$153,500 × 45% = $69,075.

James’s ownership percentage of Carl will have no impact on this computation.

Therefore the amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is $69,075

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Answer: Countries in the MORE HIERARCHICAL SOCIETIES

Explanation:

There are hierarchical societies in some nations of the world where compliance and almost blind obedience and followership is virtually above everything and everyone. In such countries, obedience is expected of you without asking so many questions. In these countries, asking questions or attempts to have a mind of your own can make you become isolated, despised or rejected if you don't comply or conform to others.

In these hierarchical societies, irrespective of how odd you think the actions of others are, you may generally be seen as a mischief-maker and will be immediately placed at the bottom of the society.

In the case of companies that are situated in these hierarchical societies, self-determination right is never encouraged. They generally believe that people will work for a company for the majority of their lives.

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You believe your restaurant concept can generate $50,000 in net profit per year. Your investors demand at 20% return on investme
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You believe your restaurant concept can generate $50,000 in net profit per year. Your investors demand at 20% return on investment. How much can you invest?

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3 0
3 years ago
Susie has lost her job in a Vermont textile plant because of import competition. She intends to take a short course in electroni
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3 0
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A communication barrier is anything that prevents someone from receiving and understanding messages including information, ideas and thoughts. Since Claire did not let her employees know about the seminar, they had no way to know that the seminar was going on and that they were able to attend.  There was no information given from Claire, who was suppossed to be the sender of the information for her team.

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Pani-rosa [81]

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