Answer:
B. $0
Explanation:
The International Financial Reporting Standards (IFRS) specifically Internal Accounting Standards (IAS) 18 on revenue specifically states that where there is a barter transaction that is the exchange of goods or services, the transaction will not be recognized as one generating revenue when the goods or the services being exchanged are similar in nature. If it is not recognized as a revenue generating transaction then no revenue will be recognized as well
Since Kelly Corp barters goods with Ace Corporation established to be similar in nature , then according to IFRS Kelly cannot recognize any income on the transaction.
Answer:
when there is an entry of a substitute product in the market. This is the right time that customers attention need to be fully caught. When there is a general decline in the sell of the product. Advertisement is necessary.
Explanation:
Answer:
He stated that most United states companies that are blue-chip will be the first to suffer the effects from a trade war.
Explanation:
Solution
Mr. Wadhwa came in terms with Andy Grove not fully as he did not find the protectionist trade war as acceptable.
He stated that it will greatly affects those firms who got their sales majorly from abroad. although, he favored need of more job creation in the United States.
Mr. Wadhwa’s main issue was that going for protectionist trade, where products which are produced off-shore and then transported to United States will be forced to pay more taxes, this will have a negative effect over existing large Blue chip organizations or firms.
Hence, he suggested to focus more over mid-career entrepreneurship.
Answer:
$270,000
Explanation:
Calculation for The gross profit
Using this formula
Gross profit = Sales + Cosing stock - Purchases
Let plug in the formula
Gross profit =(45,000*15) +
(450,000/50,000)*5,000 - 450,000
Gross profit =$675,000+(9*5,000)-450,000
Gross profit =$675,000+$45,000-450,000
Gross profit = $270,000
Therefore The gross profit is $270,000
This starts getting into the question of morality, I don't believe it is right and just like if a child were brought to a daycare where I worked with bruises and symptoms of neglect, I would report it. you also have a legal obligation too and if it ended up coming out then you would be held accountable as well.
