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3 years ago

Which of the following statements is CORRECT?

Business

1 answer:

Artyom0805 [142]3 years ago

4 0

Answer:

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The Coca-Cola Company owns 28 percent of the voting stock of Coca-Cola FEMSA, acquired at book value. Assume that Coca-Cola FEMS

irakobra [83]

Answer:

Investment in Coca-Cola FEMSA $1,409,800.00

Equity in income of Coca-Cola FEMSA $1,409,800.00

Explanation:

Coca-Cola Company share of Coca-Cola FEMSA reported income =

28% * $5,000,000= $1,400,000.00

Realized profit on intercompany sales = 28% * ($1,350,000 - ($1,350,000/1.35))= $98,000.00

Unrealized profit on intercompany sales = 28% * ($1,215,000 -($1,215,000/1.35)) = $88,200.00

Equity in Net Income of Coca-Cola FEMSA =

$1,400,000.00 + $98,000.00- $88,200.00 = $1,409,800.00

Journal entry:

Investment in Coca-Cola FEMSA $1,409,800.00

Equity in income of Coca-Cola FEMSA $1,409,800.00

8 0

4 years ago

An entrenpeneur knits sweaters for sale. The entrenpeneur has fixed costs of $100. When he makes 10 sweaters in one month, he mu

Likurg_2 [28]

Answer:

marginal cost = $2

Explanation:

given data:

cost on wool when 10 sweater made in one month = $15

cost on wool when 11 sweater made in one month = $17

fixed cost = $100

In case of no other cost present, marginal cost is given by

Marginal cost = cost of eleven sweaters - cost of ten sweaters

= $17 -$15

= $2

8 0

4 years ago

Lauren is the owner of a bakery that earns 0 (zero) economic profit. last year, her total revenue was $145,000, her rent was $12

lara31 [8.8K]

The total cost would be 237,000

4 0

4 years ago

Objecting to an action on the grounds that once it's taken, it will lead to similar but less desirable actions until some atroci

Basile [38]

Answer:

Option B is correct one.

<u>Slippery Slope</u>

Explanation:

A slippery slope argument, in logic, critical thinking, political rhetoric, and case-law, is often viewed as a logical fallacy in which a party asserts that a relatively small first step leads to a chain of related events culminating in some significant effect. Objecting an action using the argument that once it has been taken, it will lead to similar but less desirable actions.

7 0

4 years ago

Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe

Marrrta [24]

Answer:

The business cease to exists unless sold or taken over by Joe's heirs.

Explanation:

Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.

One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.

8 0

3 years ago