Answer:
B) Sales and cost of goods sold should be reduced by the intercompany sales.
Explanation:
When a parent company consolidates its financial statements with its subsidiaries, it has to eliminate all the transactions involving intercompany sales.
In this case, Perez Inc. must adjust its consolidated financial statements by reducing the sales revenue and COGS of the transaction it made with Senior Inc. (its subsidiary).
Answer: Option D
Explanation: In the given case, southwestern has been displayed as an american organisation . Therefore, it cannot employ any non citizen who do not have proper kind of paper work done that is needed by the authorities of the country.
Hence, the geographic advantages regarding employment does not mean anything in front of the legal formalities and rules that resides in the economic area.
Answer:
$1.236= Estimated manufacturing overhead rate
Explanation:
Giving the following information:
Processing:
Direct labor cost= $44,500
Applied overhead= $55,000
To determine the estimated overhead rate, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
55,000= Estimated manufacturing overhead rate*44,500
55,000/44,500= Estimated manufacturing overhead rate
$1.236= Estimated manufacturing overhead rate
Answer:
The entries are made as follows;
Explanation:
Service Revenue Dr.$4,350
Income Summary Cr.$4,350
(To close revenue account)
Income Summary
Supplies expense Dr.$910
Insurance Expense Dr.$540
Salaries and Wages Expense Dr.$1,770
Income Summary Cr.$3,220
(To close expenses)
Income Summary (4,350-3,220) Dr.$1,130
Retained Earnings Cr.$1,130
Answer:
answer is given below
Explanation:
You have recommended that the company improve quality control by ending contracts with outside contractors and bringing all the product to the United States. This is the best option. Given the risks facing the company, it is advisable to make extensive changes in operations
- It is always a viable decision to keep or control the quality aspects of the company in the House, because monitoring is more precise and, moreover, any small differences can be easily detected and overcome at any time.
- In addition, working from home is always a benefit and value addition to make the production process flow freely and progressively.
- The factor that drives a company to manage its profits from the country and, therefore, this option is viable
