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2 years ago

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A business practice associated with globalization involves business moving manufacturing and service centers to countries where

labor is less expensive. This practice is commonly known as _________. A. glocalization B. globalization C. outsourcing D. Changing demographics

1 answer:

Law Incorporation [45]2 years ago

3 0

Im so sure but I can help you later just give me a few minutes

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On January 1, 2014, P Company purchased an 80% interest in S Company for $616,800, at which time S Company had retained earnings

Illusion [34]

Answer:

For the year ended December 31, 2014, we have:

Controlling interest in consolidated net income = $76,560

Noncontrolling interest in consolidated net income = $19,140

Explanation:

This can be calculated as follows:

Net income of S Company = $95,700

Controlling interest percentage = P Company percentage interest in S Company = 80%

Noncontrolling interest percentage = 100% - Controlling interest percentage = 100% - 80% = 20%

Therefore, we have:

Controlling interest in consolidated net income of S Company = Controlling interest percentage * Net income of S Company = 80% * $95,700 = $76,560

Noncontrolling interest in consolidated net income of S Company = Noncontrolling interest percentage * Net income of S Company = 20% * $95,700 = $19,140

Therefore, for the year ended December 31, 2014, we have:

Controlling interest in consolidated net income = $76,560

Noncontrolling interest in consolidated net income = $19,140

7 0

2 years ago

On December 1, Showcase Interiors purchased a shipment of furniture from Colonial House by paying $10,500 cash and issuing an in

Westkost [7]

Answer:

A) using an excel spreadsheet and the NPV function, I calculated the present value of the note to be $24,036.49

=NPV(1.5%, 24 values of 1200 each) = $24,036.49

B)

December 1, merchandise purchase:

Dr Merchandise inventory 34,536.49

Cr Cash 10,500

Cr Notes payable - Colonial House 24,036.49

Cr Interest payable - Colonial House 4,763.51

December 31, first installment in note payable:

Dr Notes payable - Colonial House 768

Dr Interest payable - Colonial House 432

Cr Cash 1,200

Interest = $28,800 x 1.5% = $432

C) If the note payable is classified as a current liability:

Current liabilities:

Notes payable - Colonial House $23,268.49

Interest payable - Colonial House $4,331.51

8 0

2 years ago

Read 2 more answers

Shipp, inc. manufactures a product requiring two pounds of direct material. during 2016, shipp purchases 24,000 pounds of materi

guajiro [1.7K]

Answer: $8

Explanation:

Required amount of Raw material for each unit of the product = 2 pounds

Therefore, for 12,000 units of product,

raw material required equals :

12,000 × 2 = 24,000 pounds

Standard price per pound equals $4

Therefore, Standard cost of 24,000 pounds of material equals :

24,000 × $4 = $96,000

Cost per unit equals :

(Total cost ÷ Number of Units)

$96,000 ÷ 12,000 = $8

Therefore, the standard direct material cost per unit of finished product is $8

3 0

2 years ago

Jason Jewelers reported the following in its statement of cash flows: Net cash provided by operating activities $140,000 Net cas

Elodia [21]

Answer:

The total net increase in cash is $ 110,000

Explanation:

Net Increase (Decrease) in Cash = Net cash provided/(used) by operating activities + Net cash provided/(used) by investing activities + Net cash provided/(used) by financing activities.

Net Increase (Decrease) in Cash= $140,000 + $120,000 -$ 150,000

= $ 110,000

This represents increase in cash inflow .

6 0

2 years ago

The deferred revenue account typically has which type of normal balance?

Lubov Fominskaja [6]

Answer:

b. Credit

Explanation:

Deferred revenue represents the revenue not earned, basically any advance payments received from customers, for which no goods are supplied or no services are provided yet.

Accordingly the company stands liable for such amount and shall repay in terms of goods or services, meanwhile this is shown as a liability in the balance sheet.

As liabilities has credit balance, deferred revenue also has credit balance.

4 0

3 years ago