If Morris leaves his backup at nuway launderers when he stops to pick up his clothes then the backup is a mislaid property.
Given that Morris leaves his backup at nuway launderers when he stops to pick up his clothes.
We are required to find what backup is.
The backup is basically a mislaid property.
Mislaid property is basically any belonging of a person that was purposefully set around its proprietor and after that they forgot about that. There is a difference between lost property and mislaid property, for instance, a wallet that drops out of somebody's pocket is lost but a wallet incidentally left on a table in an eatery is mislaid.
Hence if Morris leaves his backup at nuway launderers when he stops to pick up his clothes then the backup is a mislaid property.
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Answer:
Rest of question:
... equals marginal cost.
Firms will maximize profits at the point where marginal revenue equals marginal cost because producing after this point means that no profits will be made.
As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.
This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.
Answer:
A. Yes
B. $170,000
Explanation:
A. Yes For consolidation purposes, the direction of the transfers for either upstream or downstream does affect the balances to be reported here reason been that when calculating the noncontrolling interest balances in a situation where it is present we have to taken into consideration the deferral of unrealized gross profits on upstream sales where Downstream on the other hand are assigned to the parent in which they will be viewed as if they have no any impact on the outside interest.
B. Preparation of a consolidated income statement for the year ending December 31, 2018
AKRON, INC. AND CONSOLIDATED SUBSIDIARY
Income Statement Year Ending December 31, 2018
Sales $1,380,000
[1,100,000+(600,000-320,000)
Less Cost of goods sold ($575,000)
(500,000+50,000+15,000)
Gross profit $805,000
($1,380,000-$1,380,000)
Operating expenses 635,000
(400,000+220,000+15,000)
Consolidated net income $170,000
($805,000-635,000)
Therefore Consolidated net income will be $170,000
I believe that it is b the cartel
