Answer:
20%
Explanation:
Data provided
Currently selling per share = $30
Cost of Microsoft after selling = $27
Margin percentage = 50%
The calculation of rate of return is shown below:-
Rate of return = (Currently selling per share - Cost of Microsoft after selling) ÷ Margin percentage × 100
= ($30 - $27) ÷ 50% × 30
= $3 ÷ 15
= 0.20
or
20%
Therefore for calculating the rate of return we simply applied the above formula.
Answer: Explanation:
We debit the contributed assets and credit the capital account
cash 11,290 debit
equipment 2,740 debit
capital account 14,030 credit ( 11290 + 2740)
we debit the asset and recognize the payable amount
supplies 450 debit
account payable 450 credit
we debit the assets and credit the revenue
cash 1,303 debit
account receivable 689 debit
service revenue 1,992 credit (1303 + 689)
we debit the expense and credit the asset we use to pay it
rent expense 634 debit
cash 634 credit
we debit the expense and credit the consumed asset
supplies expense 187 debit (450 purchase - 263 at hand)
supplies 187 credit
Answer:
C. Interviews
Explanation:
In an interview, there is personal contact between the interviewer and the person interviewed. In this context, first impressions are very important (this is why people are advice to dress and groom themselves well before going to an interview).
A postive first impression can result in a general positive bias when analyzing the person. This is the halo effect and can become helpful in securing the job.
On the contrary, a negative first impression can result in a negative bias when analyzing the person. Negative qualities are ascribed to the person without much basis. This is tthe Devil's Horns effect and can result in the loss of the job opportunity.
Answer:
The unrealised profit (PURP) of $5,000 [ (125,000 * .20) * (.2) ] should be subtracted from the profit share of Non-Controlling Interest.
Explanation:
When we prepare consolidated financial statements, we treat the companies of group as a single entity. That's why the intra-group transactions must be removed the consolidated statements. This involve adjustment of current accounts, unrealised profit on sale of goods/non-current asset, loan given by one group company to another etc.
When goods are sold by one group company to another at a markup and the buyer has not yet sold it to the third party, then the markup (profit) loading on these items is unrealised from group's point of view. This needs to be removed from the consolidated accounts because no one can make profit by trading with himself. This profit is termed as realised when the goods are sold to the third party. In the individual accounts, profit on this transaction has a credit balance so to remove it we debit the "cost of goods sold of group" and a credit entry to it is made to "inventory". This credit entry to inventory bring down the balance of inventory to what was the cost of that inventory to the group. Moreover, the recording of revenue by seller and inventory by buyer on intra-group sales and purchase is also adjusted.
After all the adjustments are made, the profit is distributed between parent's retained earnings and non-controlling interest. Now if the seller of goods is subsidiary, like in this case, the amount of unreaslised profit is deducted from NCI's profit share to calculate the profit attributable to parent's retained earnings.
Answer: True
Explanation:cross docking is often used because it a simple process and to increase efficiency in operations .
The definition above is similar to numerous definition of cross docking and captures the essential features of cross docking .So the answer is true
