The owner of consigned goods is called the and the one who sells goods for the owner is called the :

To enter the Chinese market, General Motors entered a __________________________ with the local company SAIC. Each company owns

klemol [59]

Answer: joint venture agreement

Explanation:

To enter the Chinese market, General Motors entered a joint venture agreement with the local company SAIC.

A joint venture is when two or more companies come together utilizing their skills and pooling their resources together so that they can achieve a particular aim

Here, both company pooled their resources together and they both own about 50% of the new company.

8 0

3 years ago

Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost

Inessa05 [86]

Answer:

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

3

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

Explanation:

General journal for Ticker Services

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

($372,000 $360,860)

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

(455,800-428,500) -11,140

3.

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

(700,500-600,200)-(455,800-428,500)

100,300-27,300=73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

(700,500-600,200) -(876,900 -780,200)

100,300-96,700

3,600

5 0

3 years ago

Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information:

malfutka [58]

Answer:

$1,100

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Work-In-Process Inventory, April 1 300

Direct materials used in production 225

Direct labor costs incurred 400

Manufacturing overhead costs 350

Less Work-In-Process Inventory, April 30 ($175)

Work-in-Process transferred to the finished goods warehouse $1,100

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 will be $1,100

4 0

3 years ago

When the president of Smithson Corp. proposed a new product for launch, his board of directors readily accepted his proposition

natita [175]

If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.

<h3>What is groupthink?</h3>

Groupthink occur when a group of people tend to all accept a conclusion or an opinion that was made without considering whether the viewpoint they accepted was risky or good.

Based on the given scenario the board of directors accepting the new product that was independently proposed by the president without considering the risks is an example of groupthink.

Inconclusion If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.

Learn more about groupthink here:brainly.com/question/10206116

6 0

2 years ago

the difference between the actual quanity and the standard quanity, multiplied by the standard price is the

dalvyx [7]

Answer: Direct materials quantity variance.

Explanation:

Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.

It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.

Causes of this can be low quality of materials and inadequate employee training.

6 0

3 years ago