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
On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semiannually on january 1 and july
erastova [34]
<span>The amount of interest expense recognized by Congo Express Airways would be $199,334 after one year of being issued. This is calculated by finding 6% of the $3,700,000 which is $222,000. Then subtracting the amortized amount of $22,666 per annum, which was found by doubling the 6 month rate of $11,333. This gives you a total of $199,334.</span>
6 0
3 years ago
Naumann Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Se
vova2212 [387]

Answer:

An  increase in net operating income of $127,200

Explanation:

Consider the variable effect of the changes.

Sales ($400 x 400)                                    $160,000

Less Variable expenses ( $82 x 400)      ($32,800)

Contribution                                               $127,200

therefore,

An  increase in net operating income of $127,200

4 0
3 years ago
In a team, constructive criticism should focus on what particular team members are doing wrong and how those mistakes hurt the t
kondaur [170]

Answer:

False

Explanation:

Constructive criticism should not only focus on what people are doing wrong, that is just to criticize someone, there is nothing constructive about that. Constructive criticism is about letting other team members know what they are doing well, and what they are doing not so well (or simply wrong), but it should also include how they can use their abilities and capabilities to correct their mistakes.

4 0
3 years ago
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net in
a_sh-v [17]

Answer:

The correct answer is Net cash= 96.100,00

Explanation:

Depreciation expenses must be added back to net income.

Also,  Increase in accounts payable is added to net income

Gain on sale of land and Increase in merchandise inventory are subtracted from net income

So,

Indirect Method

Net income                       86.300,00

Depreciation expense       13.000,00

Increase in accounts payable   7.150,00

Gain on sale of land       (7.300,00)

Increase in merchandise inventory (3.050,00)

   

Net cash  96.100,00

6 0
3 years ago
VUESTIUNI
KatRina [158]

Answer:

e. Insider trading.

Explanation:

Insider trading occurs when information is shared with some stockholders of the company and not with all of them.

According to the United States of America, Securities and Exchange Commission (SEC); Illegal Insider trading involves the "buying or selling of a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, non-public information about the security."

In the stock exchange market, any information that possibly could impact an investor's decision substantially to buy or sell the security is known as material information while informations that is not legally available to the public is non-public information.

A potential investor who has access to insider information would definitely have an advantage or unfair edge over other investors, who obviously don't have same privileges, and could potentially make unfair-large profits.

U.S SEC is very much concerned with maintaining a fair marketplace, thus requiring that all transactions be timely submitted electronically.

4 0
3 years ago
Other questions:
  • Hi I need help for this please help me out... this is my final week Assignment it's a career course, I don't want to fail!!! I w
    8·1 answer
  • What is comsumption efficiecy?
    13·1 answer
  • How would you define a business plan?
    8·1 answer
  • What is not part of maturity?
    14·2 answers
  • E-commerce can be defined as: Question 48 options: A) the digital enablement of transactions and processes within an organizatio
    8·1 answer
  • Marketers provide value to the consumer and other stakeholders by doing all of these with their offerings except which?
    11·1 answer
  • The inclusion of all product and period costs necessary for making and marketing a product or service is a distinguishing featur
    7·1 answer
  • Consider two neighboring island countries called Euphoria and Bellissima. They each have 4 million labor hours available per mon
    12·1 answer
  • In private corporations the head of accounting (often called the chief financial officer or controller) spends a great amount of
    12·1 answer
  • ____ is the process of designing a product for efficient production at the highest level of quality.group of answer choices
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!