Answer:
Huffman Corporation
Income Statement for the year end December 31, xxxx
Service revenue $13,900
Less: Expenses
Salaries expense $3,100
Advertising expense <u>$700 </u>
Total Expenses <u>($3,800)</u>
Net Income <u>$10,100</u>
Explanation:
Following account are the balance sheet accounts, so these are not used in the preparation of income statement.
Retained earnings 3,700
Cash $ 4,200
Equipment 10,700
Common stock 7,900
Accounts payable 2,250
Answer:
The correct answer is C) supports direct control over all aspects of operating in a foreign market.
Explanation:
Undoubtedly, the creation of new subsidiary companies must consider economic dependence on an international conglomerate, which means that in order to homogenize all processes (including the value chain) it is really important to establish direct control over all operations. . This situation also occurs when an existing company is acquired and it is required to take advantage of belonging to the same group of companies.
Answer: (C) Core competencies
Explanation:
The core competencies is the one of the type of collective skills that comprised all the advantages of the strategic business.
The concept of core competencies was introduced by the Gary hamel and the C.K prahalad. It is defined as the combination of the multiple skills and the resources which helps in the distinguish in an organization.
The following are the personal core competencies are as follows:
- The problem resolution skill
- Analytical ability
- The creating thinking
Answer:
Explanation:
The journal entry is shown below:
Treasury Stock A/c Dr $90,000
To Cash A/c $90,000
(Being treasure stock is purchased for cash)
The computation is shown below:
= Treasury shares purchased × value per share
= 3,750 shares × $24
= $90,000
We simply debited the treasury stock account and credited the cash account so that the correct posting can be done
Value of the house = $100,000
Amount owed = $60,000
Bank requirement is 90%
Therefore, the biggest home equity line of credit they can get is
= ($100,000 - $60,000) * 90%
= $40,000 * 90/100
=$36000
Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.
Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.
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