Answer:
Godfrey Corporation
GOLDFREY CORPORATION
Balance Sheet (Partial)
December 31, 2017
Noncurrent assets:
Investments:
Investment In Stock, at fair value $64,100
Stockholders' Equity:
Common stock
Retained earnings
Less :
Unrealized loss $4,900
Explanation:
a) Data and Calculations:
Long-term investment available for sale:
Cost = $69,000
Fair value 64,100
Unrealized loss $4,900
b) The correct entry would have been to reduce the net income by the unrealized loss. However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.
The best way to describe the steps is to define them in a systematic way.
Explanation:
For recruiting, Nelson should look for various alternatives where he can approach skilled group of people like institutions and colleges, placement agencies or he can also contact head hunters for highly skilled jobs.
For onboarding he should access the talent potential employee is bringing on the table considering the general market practice for such job and thus offering him a pay structure that would attract him to join keeping the best interest of the company in mind.
He should also make him clear the terms and conditions as per the job and providing him a healthy work environment and help him to get to know the people he will be working with.
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Answer:
From the information from the remaining part of the question. The factor that would affect the success or failure of Caffè Gustoso is the Cultural factor.
Explanation:
Caffè Gustoso an Italian word meaning "Tasty coffee". This tells us that the firm is in the food and beverage industry.
Each of the countries mentioned are found in different continents having diverse cultures.
Key to their success is to know the culture of these countries as regards to coffee.
Answer:
A. $57,000
B. Depreciation rate per mile is $0.19
C. Depreciation is $14,630
Explanation:
a. cost of the truck less the residual value.
Cost of the truck $69,000
Less: Residual value <u>$12,000</u>
$57,000
b. Depreciation rate per mile is computed by dividing cost of the truck less the residual value over the estimated useful life.
$57,000 / 300,000 miles = $0.19
c. Units-of-activity depreciation for the year is computed by multiplying miles driven for the year by depreciation rate per mile.
77,000 miles x $0.19 = $14,630
