Business, 27.03.2020 18:14 heggestade
During the current year, a parent sold inventory priced at $800,000 to its subsidiary, and the parent’s profits on these sales amounted to $60,000. . Here is what the parent and subsidiary report for total sales, cost of goods sold, and ending inventory at year-end (for total sales between the parent and subsidiary and to outside customers):
Parent’s Books Subsidiary’s Books
Inventory $ 300,000 $ 150,000
Sales revenue 5,000,000 3,500,000
Cost of goods sold 4,000,000 2,700,000
At what amounts should the year’s consolidated financial statements report these three balances?
Inventory Sales, Revenue, Cost of Goods Sold
a. $450,000 $8,500,000 $6,700,000
b. $450,000 $7,700,000 $5,900,000
c. $390,000 $7,700,000 $5,900,000
d. $150,000 $3,500,000 $1,900,000
Answers: 3
Business, 22.06.2019 17:30
Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii
Answers: 2
Business, 22.06.2019 18:50
Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)
Answers: 3
Business, 22.06.2019 20:10
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
During the current year, a parent sold inventory priced at $800,000 to its subsidiary, and the paren...
Biology, 09.11.2020 01:00
Mathematics, 09.11.2020 01:00
History, 09.11.2020 01:00
Mathematics, 09.11.2020 01:00
Mathematics, 09.11.2020 01:00
Mathematics, 09.11.2020 01:00
SAT, 09.11.2020 01:00
Mathematics, 09.11.2020 01:00