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Anna007 [38]
3 years ago
12

Blue Company owns 80 percent of the common stock of White Corporation. During the year, Blue reported sales of $1,000,000, and W

hite reported sales of $500,000, including sales to Blue of $80,000. The amount of sales that should be reported in the consolidated income statement for the year is:
A. $500,000.
B. $1,300,000.
C. $1,420,000.
D. $1,500,000.
Business
1 answer:
Serggg [28]3 years ago
4 0

Answer:

C. $1,420,000

Explanation:

Blue Company sales consolidated income statement for the year

Blue Sales of $1,000,000

White sales $500,000

Less sales to blue by white ($80,000)

Amount of sales to be reported $1,420,000

Therefore the amount of sales that should be reported in the consolidated income statement for the year is: $1,420,000

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Mandarinka [93]

The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.

<h3>What is a business plan?</h3>

A business plan is a document that outlines the results of a person's market research and must contain the following:

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Learn more about business plans at:

brainly.com/question/25311149

#SPJ1

4 0
2 years ago
In terms of global business strategy, the governance of ________ firms has been likened to a federal structureâ "strong central
Leokris [45]

Answer: Transnational (multinational)

Explanation: A transnational firm is a multinational firm that operates across national boundaries. Global business strategy allows a firm's revenue to run across borders and these firms can then trade in worldwide markets. A global business strategy includes thinking in an integrated way with regards to all business related aspects, evaluating the goods and services that are produced and meeting global standards in not only the world markets but also the local markets. A multinational firm will also make use of a policy of dispersed production with centralised strategic management. All these factors can link multinational firms to federal structure.

4 0
3 years ago
The RBS Company currently buys their supplies from Supplier X which presently has a supplier score of 85.0. The RBS Company is n
Sav [38]

Answer:

84

Supplier X

Explanation:

The computation of supplier Y score is  shown below:

Supplier Y Score is

= Supplies Y rating × weight

= 80 × 0.5 + 90 × 0.1 + 85 × 0.3 + 95 × 0.1

= 40 + 9 + 25.5 + 9.5

= 84

As we can see that the supplier score of X is 85 which is greater than the supplier score of Y

Hence, the supplier X should be selected by the RBS company

8 0
3 years ago
On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
3 years ago
Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortize
Andru [333]

Answer: Loss of $22,000

Explanation:

Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at

Net Carrying Value of Bonds

= Par value - Unamortized discount

= 300,000 - 10,000

= $290,000

Gain (loss) = 290,000 - (300,000 * 104)

= ($22,000)

8 0
3 years ago
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