Answer:
C) $100,000
Explanation:
Based on the information given we were told
that the inventory Purchased by Pilfer from
Scrooge was RESOLD to companies that they are unaffiliated to on December 1, 20X8 for the amount of $100,000 which means that the amount of sales that will be reported in the 20X8 CONSOLIDATED INCOME STATEMENT
will be inventory amount of $100,000 that was resold to the unaffiliated companies.
Answer:
Explanation:
Since in the question the shares are repurchased which impact the accounting equation in a negative manner
Accounting equation would be
Total assets = Total liabilities + Stockholder equity
The assets are decreased as it reduces the balance of cash account as well as it reduced the stockholder equity also by the same amount
Answer: Cooperative relationships
Explanation: Cooperative relationships allows companies to obtain differentiation and cost savings without dealing with the problems and costs associated with vertical integration. A co-operative relationship is when two or more parties work together towards a common goal with both benefiting from the relationship if it is successful. This means that they share the same objectives and act in a mutually beneficial manner. While a win-win relationship, it confers several advantages which include less taxation, reduced costs through service sharing and improve products and services etc.
Answer:
The correct option is D,$3,000,000
Explanation:
The break-even point in dollars =fixed costs /contribution per unit
fixed costs is $900,000
contribution per unit =selling price-variable costs
if variable cost is 70% of selling price , it implies that selling price is 100%, as a result ,contribution is 30% 0r 0.30 (100%-70%)
Break-even in dollars=$900,000/0.3
=$3,000,000
Ultimately, the break-even in dollars is $3,000,000,option D
The tax shelter from debt is less valuable as the lower the tax rate. Consider the WACC's debt service costs: rd (1-Tax rate). The cost of debt is not reduced as much when the Tax rate is low as it is when the Tax rate is high. hence, the given statement is False.
<h3>What is the tax rate?</h3>
The tax rate in a tax system is the proportion at which a company or individual is taxed. Statutory, average, marginal, and effective tax rates are just a few of the ways that can be displayed.
Hence, The cost of debt is not reduced as much when the Tax rate is low as it is when the Tax rate is high. hence, the given statement is False.
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