What phrase describes businesses who develop a positive relationship to<br> society

Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $114,300 to Angela for $12

Mandarinka [93]

Answer: $9628

Explanation:

First, we need to calculate the gross profit which will be:

= $127,000 - $114,300

= $12700

Then, gross profit rate will be:

= Gross profit / Sales × 100

= ($12700 / $127,000) × 100

= 10%

Unrealized profit on $43,600 will be:

= 10% × $43600

= 0.1 × $43600

= $4360

The unrealized profit for 2021 will be calculated as:

= $192,000 - $153,600

= $38400

Then, gross profit rate will be:

= Gross profit / Sales × 100

= ($38400 / $192,000) × 100

= 20%

Unrealized profit on $50,400 will be:

= 20% × $50,400

= 0.2 × $50,400

= $10080

The noncontrolling interest in the 2021 income of the subsidiary will then be:

Income of Corby company = $102000

Add: Deferal of unrealized gross profit = $4360

Less : Unrealized profit on current year = $10080

Adjusted income = $96280

Non controlling interest at 10% will then be:

= 10% × $96280

= 0.1 × $96280

= $9628

3 0

3 years ago

Jayden, the vice president of Boxco, is reviewing the development program for the company's middle managers. He notes that manag

BartSMP [9]

Answer:

Opportunities to sign up for sessions with a life coach.

Explanation:

Since he wants to include psychological profiles as well as mentors in the program to raise efficiency. Jacob should use A life coach. A life coach can empower and help in setting and meeting goals. Increasing accountability accept for the personal growth of employee and also for career success.

In the middle level, accountability is important, a life coach would help you develop abilities in managerial duties, improve relationships, business goals.

7 0

3 years ago

Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $2,100,000 par value, mature in four years, and pay

joja [24]

Answer:

1.

1 Jan 2019

Cash 2100000 Dr

Bonds Payable 2100000 Cr

2.

30 June 2019

Interest expense 73500 Dr

Cash 73500 Cr

31 Dec 2019

Interest expense 73500 Dr

Cash 73500 Cr

3.

31 Dec 2022

Bonds Payable 2100000 Dr

Cash 2100000 Cr

Explanation:

1.

The bonds are assumed to be issued at par value as the market interest rate is not given and is assumed to be the same as the interest rate on bonds of 7%. The issuance of bonds on par is recorded as a debit to the cash received against the bonds and a credit to the bonds payable account.

2.

The semi annual interest payment on bond is,

Bond interest-semi annual = 2100000 * 0.07 * 6/12 = 73500

The interest rate given is the annual interest rate of 7%. That is why we multiply it with 6/12 to get the semi annual interest.

3.

The disposal of bonds will be a reversal of the issuance entry. The bonds payable will be debited by the par value amount and the cash will be credited.

8 0

3 years ago

Kelly's corner bakery purchased a lot in oil city six years ago at a cost of $278,000. today, that lot has a market value of $26

Nostrana [21]

$1,294,000 here ya go

6 0

3 years ago

Scott's Lawn Care has hired Henry Associates to find out whether home improvement warehouse stores communicate the benefits of v

kari74 [83]

Answer:

The correct answer is option B. observation.

Explanation:

Observation is a method of data collection which involves the use of all the senses to study people in their natural setting. The process involve gathering knowledge about a phenomena by making observations. The aim here is to focus on human behavior, human interaction with phenomenon and the use of phenomenon..

In the above example, actual setting and behavioral data is required. So, the most appropriate method for data collection here will be observation.

4 0

3 years ago

What phrase describes businesses who develop a positive relationship to society