Answer:
Question a:
The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-
Question B:
There are 3 entries required to eliminate te sale of goods form rochne to doone.
The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone. To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year. Here is the engru:
Debit/sales/$530
Credit/COGS/ ($318) 60%
Credit inventory ($212) 40%
The next entry has to do with the amount of inventory that remained from the last intercompany transaction. This is caclulated usin 40% of 2017 sales, which were $430. So:
Debit inventory $172
Credit Cogs ($172)
The last part is to eliminate the recievable on the book of rockne when they made te sale
Debit Payable $530
Credit receivable ($530)
Answer:
d) Neither A nor B
Explanation:
Poverty refers to a financial state wherein an individual is unable to meet the most basic needs for survival such as food clothing and shelter.
Absolute poverty refers to a state wherein the income of a household is below a certain threshold level which makes it hard to meet the basic necessities of life such as food, shelter, water and sanitation.
The concept of relative poverty makes a comparison i.e relatively to others. When one is relatively poorer than others. The person in such a scenario may be able to meet his ends but relative to other households income, shall be termed as poor.
Answer: C. 1,2,3
Explanation:
Under MSRB rules, any claim, dispute, or controversy shall be submitted to arbitration at the instance of a:
• broker-dealer against another broker-dealer.
• customer against a broker-dealer.
• broker-dealer against a customer who has previously signed an arbitration agreement.
Therefore, based on the above scenario, the correct option is C.
Answer:
fair value is $761
Explanation:
Given data
bond value = $1000
rater r = 12 %
rate R = 16%
time = 20 year
to find out
a fair price
solution
we know compounding period in year is = 4
so time 20 x 4 = 80
fair Price = 
[(Quarterly Coupon) / (1 + R/400)^t] +bond value / (1 + R /400)^t
here
Quarterly Coupon = 12 × 1000/400 = 30
so
fair Price = [(30) / (1 + 16/400)^k] + 1000 / (1+16/400)^80
solve it we get
fair value is $761
The answer is "<span>this could be an example of a ceiling effect".
</span>
The term ceiling effect refers to an estimation restriction that happens when the most astounding conceivable score or near the most noteworthy score on a test or estimation instrument is come to, in this way diminishing the probability that the testing instrument has precisely estimated the proposed domain.
