1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
True or False<br><br> To raise money, a partnership can sell stock.
nataly862011 [7]

Answer:

The answer is false. Partnerships can not sell stocks. They even can not issue shares to finance Thier requirements.

Only the public listed corporations can trade stocks and sell them to the open public in a registered stock exchange.

Explanation:

3 0
3 years ago
Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts
marshall27 [118]
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
3 0
3 years ago
Is disease prevention by the government a pure public good or a private good? Explain
Lynna [10]
Public good are non-rivalry and non-excludable goods. People can benefit these goods without affecting and reducing its availability to others. Disease prevention by the government is purely public good since it is important to every individual and each person must not have any limitations in receiving these kind of prevention.
4 0
3 years ago
For each of the following examples, explain whether it is a case of external or internal economies of scale:
777dan777 [17]

Whether it is a case of external or internal economies of scale:

A. A number of firms doing contract research for the drug industry are concentrated

Larger changes within the industry lead to external economies of scale, so as the industry expands, the average cost of doing business decreases.

when external economies of scale exist?

External economies of scale take place when an industry as a whole expands and businesses profit from lower long-term average costs. External economies of scale are also known as advantageous external outcomes of industrial development.

An external economy of scale is shared by competitors, internal economies of scale provide larger competitive advantages.

To learn more about external economies refer to:

brainly.com/question/20354469

#SPJ9

8 0
1 year ago
A company has an unbiased forecast for its demand. what does that mean?
andrezito [222]
Average of all forecast errors is 0 a company wants to use a regression analysis to forecasts the demand for the next quarter.
8 0
2 years ago
Other questions:
  • Tidewater Fishing has a current beta of 1.16. The market risk premium is 6.8 percent and the risk-free rate of return is 2.9 per
    15·1 answer
  • a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta
    10·1 answer
  • Why are posting references entered in the journal when entries are posted to the ledger accounts?
    15·1 answer
  • Cheryl is taking classes at an institution that offers face-to-face time with her instructor and classmates and also online time
    10·1 answer
  • Some reasons that counselors may not be interested in working with older adults are ________.
    8·1 answer
  • Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero. If the sum of t
    9·1 answer
  • Assume a company sold a piece of equipment for $3,000. The original cost was $15,000 and the accumulated depreciation prior to t
    15·1 answer
  • Transportation stocks currently provide an expected rate of return of 15%. TTT, a large transportation company, will pay a year-
    13·1 answer
  • When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting
    6·1 answer
  • Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transfe
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!