Answer: Greater than or equal to $25
Explanation:
Transfer price is the price at which products are sold between different departments of a firm.
The need for transfer price is borne out of the fact that some departments finished products are the raw materials for another
There is also the need for effective evaluation of the departments as a separate units .
Some Frm's usually gives there departments permission to sell at the prevailing market price considering the fact this is lowest price the buying department will be able to obtain it in the market.
In the example above the fungal division will only be able to obtain the product at the current market price of $25 which is the basis for this answer.
<h2>
Answer: $78,00</h2>
Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?
Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?
Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is?
Explanation:
Philip H. Knight is an American magnate, co-founder and chairman of "Nike". Knight began selling sport shoes in 1962 from his car ( green Plymouth Valiant ) at truck meets across the Pacific Northwest. His firm was "Blue Ribbon Sports" ( later "Nike" ) which was partner with "Tiger" ( Japan ).
Answer:
Knight started by selling sneakers out of the trunk of his car ( in the Pacific Northwest ).
Answer:
Burberry is pursuing an umbrella strategy
Explanation:
Companies can choose three different kinds of strategies based on their strategy to offer a standard or customized product to customers with different needs
.
An umbrella branding strategy, is a marketing practice that involves many related products under a single brand name.
With the new items at an entry level, Burberry´s pricing strategy is such that it does not compromise on the quality but it does offer products at different price levels to target a variety of customers.
Answer: $263,000
Explanation:
Based on the information given, the finished goods inventory on September 30 will be calculated as:
= Begining inventory + Transfers in - Transfers out.
= $203000 + $1,770,000 - $1,710,000
= $263,000
Therefore, finished goods inventory on September 30 was $263,000