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FinnZ [79.3K]
3 years ago
10

Phone regularly prices its products at cost plus a 40 percent markup for profit. Smart prices its sales at cost plus a 20 percen

t markup. The total sales reported by Phone and Smart include both intercompany sales and sales to nonaffiliates. Required: a. What amount of sales will be reported in the consolidated income statement for 20X8
Business
1 answer:
eimsori [14]3 years ago
8 0

Answer: $790,000

Explanation:

The amount of sales that should be recorded in the consolidated statement is the total sales of each company less the sales of each company to each other.

Consolidated sales = (660,000 + 510,000) - (140,000 + 240,000)

= 1,170,000 - 380,000

= $790,000

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A contract or ________ stipulates in writing all the client's requirements and gives all of the relevant information.
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An event profile can be regarded as set of event scripts, which helps to give description about an event.

This profile or contract do list out all the requirements that is needed by a company from the client in executing their services.

Therefore, contract or event profile serves  all the client's requirements and gives all of the relevant information.

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brainly.com/question/24858866

7 0
2 years ago
You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is
sasho [114]

Answer: $25078

Explanation:

Firstly, we'll find the real interest rate which will be:

(1 + R) = (1 + r)(1 + h)

(1 + 10%) = (1 + r)(1 + 4.8%)

(1 + 0.1) = (1 + r)(1 + 0.048)

1.1 = (1 + r)(1.048)

r = 4.96%.

Now the annual deposit will be gotten by using the annuity future value which will be:

3 million = C(1.0496^40-1) / 0.0496

3 million = C(5.3995) / 0.0496

3 million = 119.627C

C = 3 million/119.627

C = 25078

Therefore, the real amount that must be deposited each year to achieve the goal is $25078

8 0
3 years ago
Gulmirah, a small underdeveloped country, has an adult population of 16.8 million, and the remaining 13.75 million of the popula
vfiekz [6]
<span>The GDP of Gulmirah is equal to approximately "</span>$19.70 billion".

All of these exercises add to the Gross domestic product of a nation. The Gross domestic product estimation additionally represents spending on exports and imports. In this way, a nation's Gross domestic product is a measure of consumer spending (C) in addition to business investment (I) and government spending (G) and additionally its net exports, which is exports-imports (X-M).
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3 years ago
When two proprietors decide to combine their businesses and form a partnership, gaap usually requires that noncash assets be tak
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hope this helps
8 0
3 years ago
Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Then inflation turns out to be low
Alla [95]

Answer:

1) False

when the inflation is lower than expected, the real interest rate will be higher, since

real interest rate = Nominal interest rate - inflation.

2) Gains

In case of unexpected lower inflation the lender gains and the borrower loses.This is because real value of the loan increases due to lower inflation.

3) Loses

In case of unexpected lower inflation the lender gains and the borrower loses.This is because real value of the loan increases due to lower inflation.

6 0
3 years ago
Read 2 more answers
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