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3 years ago

True or false, mind mapping serves as a powerful tool to assist in decision making

Business

2 answers:

earnstyle [38]3 years ago

5 0

Answer:

True...............................

Explanation:

scZoUnD [109]3 years ago

4 0

True...............................

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Which of the following will always be true when an economy is in long-run equilibrium?

Maurinko [17]

How are we going to answer without the choices?

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4 years ago

Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro

r-ruslan [8.4K]

Answer:

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

Cr Investment in Silva Company 104,400

December 31, year 1, net income reported by Silva Company ($971,000 x 36%)

Dr Investment in Silva Company 349,560

Cr Revenue from investment in Silva Company 349,560

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

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3 years ago

Oriole Inc. had beginning inventory of $11,400 at cost and $20,600 at retail. Net purchases were $127,926 at cost and $181,000 a

Levart [38]

Answer:

Ending inventory at cost using the conventional retail method is $36,498.

Explanation:

Note: See the attached excel file for the computation of Goods available for sales and Ending inventory at Retail.

From the attached excel file, we have:

Goods available for sales at Cost = $139,326

Goods available for sales at Retail = $211,100

Ending inventory at Retail = $55,300

Therefore, we have:

Ratio of goods available for sales of Cost to Retail = Goods available for sales at Cost / Goods available for sales at Retail = $139,326 / $211,100 = 0.66, or 66%

Ending inventory at Cost = Ending inventory at Retail * Ratio of goods available for sales of Cost to Retail = $55,300 * 66% = $36,498

Therefore, ending inventory at cost using the conventional retail method is $36,498.

Download xlsx

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3 years ago

What is networking in business?

Svetach [21]

Networking is a socioeconomic business activity by which business people and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

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4 years ago

How often should you typically monitor your checking account?

Gekata [30.6K]

As often as possible.

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3 years ago