By producing their own cosmetics and then selling them, Shades n Hues are engaging in<u> Forward Integration.</u>
<h3 /><h3>What is Forward Integration? </h3>
- It refers to companies engaging in activities forward in the supply chain.
- It refers to when producers are also engaged in distributing their products to consumers.
By producing their own products and then either selling to other companies or to the consumer directly, Shades n Hues is engaged in forward integration as they have moved forward in the supply chain.
Find out more on the supply chain at brainly.com/question/25560748.
Answer:
The amounted contributed to U.S.GDP is $2 million
Explanation:
First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.
On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m
Answer: Yes
Explanation:
The $785,000 was material because it meets both the quantitative and qualitative factors for materiality. Quantitatively, it is more than 10% of the net income of the company ($7.7million) and qualitatively, it showed a relaxed attitude of management towards accounting misstatements.
Some factors other than quantitative considerations that can be used to determine the materiality of the amount in question are:
- Effect on changing loss to profit or profit into loss
.
- Effect of management’s compensation
.
- Effect on the public/shareholders/share prices
.
- Possibility of fraud or conflict of interest
.
- Attitude of management to accounting misstatements
.
Answer:
The correct answer is B
Explanation:
Controllable cost is the one which can be altered or changed in the short term and it is considered to be controllable when the decision incur it reside with the person. But if the cost is imposed by the third party on the organization, will not be considered as the controllable cost.
So, it is that cost which is directly influenced by the manager within a stated period of time.
Answer:
These costs should be reported on the income statement in the profit and loss section under selling and administrative expenses. Any liability arising from the employment benefits should be shown in the balance sheet under liabilities.
Explanation:
