Answer:
Payne should exclude Salem's January 1, Year 1, Retained Earnings and income for January 1 to September 30 from consolidated Retained Earnings and consolidated income
Explanation:
The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 would not be included in the Year 1 consolidated financial statements.
The reason is that The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 are part of the equity of the shareholders that that Payne acquired on September 30, Year 1. They would then be eliminated in the eliminating entry of the consolidating investment.
The purpose of a memo is to communicate directions, advice, or information.
Answer:
Option A. Two - Third of a television
Explanation:
Using Unitary Method,
Here, the opportunity cost of producing 150 pounds of food in US = 100 televisions
Similary the opportunity cost of producing 1 pound of food in US = 100 / 150 televisions = 0.66 televisions = 2/3 televisions
So the right option is A.
Answer:
c. The return on total assets
Explanation:
The inventory turnover deals with the turnover of inventory during the period i.e in how many times the inventory is sold or rejected or replaced, etc
The quick ratio checks the liquidity position of the company
The return on total assets refers to the profit gains on the total assets average
And, the fixed charge coverage ratio shows the payment of its all debts with the available earnings
So for earning profits, the return on total assets is a better option
