When a subsidiary is acquired sometime after the first day of the fiscal year, which of the following statements is true? A) Income from subsidiary is not recognized until there is an entire year of consolidated operations. B) Income from subsidiary is recognized from date of acquisition to year-end. C) Excess cost over acquisition value is recognized at the beginning of the fiscal year. D) No goodwill can be recognized. E) Income from subsidiary is recognized for the entire year.

Answers

Answer 1

Answer:

B) Income from subsidiary is recognized from date of acquisition to year-end.

Explanation:

When an individual or a company purchase another business, they are responsible for all the gains and losses generated by that business starting from the exact moment that the sales transaction has been completed. E.g. if I buy a business on January 20, at 10 AM, I am completely responsible for the things that happen in the company after 10 AM.


Related Questions

Lead nurturing can be defined as a way to build relationships. While building these relationships, there are key benefits to your business. Lead nurturing will help you build relationships by being the

Answers

Answer:

timely, efficient, and targeted approach to connecting with your contacts.

Explanation:

Lead nurturing is the process by which relationship with customers are maintained and strengthened at every stage of the sales funnel.

It involves providing information, increasing brand awareness, and listening to the needs of prospects in order to foster trust. This eventually leads to a purchase.

The traits of an effective lead nuturing strategy is that it is timely, efficient, and targeted approach to connecting with your contacts.

Does​ Firm A have a dominant strategy? The dominant strategy for Firm A is a low price. No, there is no dominant strategy for Firm A. The dominant strategy for Firm A is a high price. b. Does​ Firm B have a dominant strategy? The dominant strategy for Firm B is a high price. The dominant strategy for Firm B is a low price. No, there is no dominant strategy for Firm B. c. What are the Nash equilibria in this​ game? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Both Firm A and Firm B charge a low price. unanswered Both Firm A and Firm B charge a high price. unanswered Firm A charges a low price and Firm B charges a high price. unanswered Firm A charges a high price and Firm B charges a low price. unanswered There are no Nash equilibria in this situation.

Answers

Answer:

Explanation:

I will give a basic hint to understanding this problem

Prevailing technique or what is best known as "Dominant Strategy" is an activity profile that is best for a specific player review of what different players are picking. for this situation there is no prevailing procedure for any player on the grounds that there is no single activity profile that expands the result for any player.

So we can say from this observations that the following is valid;

A doesn't have a dominant strategy

B doesn't have a dominant strategy

There are two Nash equilibria for this situation. Both the organizations are charging a low cost and both the organizations are charging a significant expense.

As such they can augment their benefit given what the adversary is doing.

I hope this explains the observation seen.

cheers I hope this helps

A customer buys 1 XYZ Aug 60 call at 4 and 1 XYZ Aug 60 put at 2 when XYZ is at 61.25. If the stock rises to 68, and the customer lets the put expire and closes out the call at intrinsic value, the result is

Answers

Answer:

a $200 gain

Explanation:

This type of operation is called a long straddle. The break even price for the put option is $66 (= $60 + $6 call and put costs). Any price above this break even price results in a gain, so a $68 price will result in a $68 - $66 = $2 gain per share x 100 shares = $200 gain in total.

Your customer, a small business owner likes investments that are short term, relatively safe from credit risk and liquid. He's heard that higher rates of return can be realized from auction rate securities than the rates he is currently getting on the Treasury bills in his portfolio. He asks you to explain them to him. Which of the following would you note as being reasons why they are not suitable for your customer? I. Auction rate securities are intended as long-term investments.II .Interest or dividend rates are reset at established intervals based on a Dutch auction.III. If the auction fails, holders of ARSs may not have immediate access to his funds.IV. The interest or dividend rate is set as the lowest rate to match supply and demand at the time of the auction

Answers

Answer:

Correct Answer:

III. If the auction fails, holders of ARS's may not have immediate access to his funds.

Explanation:

Auction rates securities are debt or preferred equity securities that have interest rates that are periodically re-set through auctions, typically every 7, 14, 28, or 35 days. Also, ARS are generally structured as bonds with long-term maturities (20 to 30 years) or preferred shares (issued by closed-end funds).  Failure of auction leads to the holders of ARS holding their investments up to 20 -40 years which is a very high risk.

Because of global competition and advances in new information technology, tasks and responsibilities for managers have

Answers

Answer:

"Become more intense " is the right answer.

Explanation:

Global or Economic competition seems to be on the market for several years with environmental regulations being reduced and that many markets liberalized.A commonly held view of intensified global competition is its impact on individuals' tendency to find employment or maintain their present employment.

So that the above is the correct approach.

Agent Martinez wishes to solicit Medicare Advantage prospects through e-mail and asks you for advice as to whether this is possible. What should you tell her?

Answers

Answer:

Marketing representatives may initiate electronic contact through e-mail but an opt-out process must be provided.

Explanation:

Since in the question it is mentioned that the Martinez requested or solicit for medicare advantage prospects via the e-mail so yes it is possible but for that, she have to contact with Marketing representatives or the company reached to her so that he or she can send the prospectus via mail also the opt-out process is also provided

A(n) _______________ business system is a type of information system that supports the business functions of accounting, finance, marketing, operations management, and human resource management.

Answers

Functional

Explanation:

You are scheduled to receive Rs. 15,000 in two years. When you receive it, you will invest it for six more years at 8 percent per year. How much will you have in eight years?

Answers

Answer:

Amount after 8 years is Rs. 23803.12

Explanation:

The amount received in two years = Rs 15000

It is given that the amount received in two years is invested for six years that earns the interest rate of 8% per year. Now, we have to find the total amount after eight years. Here, in the first two years, there is no interest rate earned. So only six years will be used to count the interest rate.

Amount after 8 years = Present value (1 + r)^n

Amount after 8 years = 15000 (1 + 8%)^6

Amount after 8 years = 15000 (1 + 0.08)^6

Amount after 8 years = 23803.12

A nation’s nominal gross domestic product (GDP) _____. rev: 04_09_2018 Multiple Choice is the dollar value of all final output produced by its citizens, regardless of where they are living is the dollar value of all final output produced within the borders of the nation during a specific period of time is always some amount less than C + I + G + NX can be found by summing C + I + S + NX

Answers

Answer:

is the dollar value of all final output produced within the borders of the nation during a specific period of time.

Explanation:

A nation’s nominal gross domestic product (GDP) is the dollar value of all final output produced within the borders of the nation during a specific period of time. Under a nominal gross domestic product (GDP) calculation for an economy, the current dollar value of the finished goods and services within the country is used. Since it is a measure that uses the current dollar value, it also include changes in price due to inflation or an increase in price in the economy. Therefore, it does not give an accurate estimate of the performance of an economy because the prices of finished goods and services are inflated.

Determine whether the results appear to have statistical​ significance, and also determine whether the results appear to have practical significance. in a study of a gender selection method used to increase the likelihood of a baby being born a​ girl, 2097 users of the method gave birth to 1031 boys and 1066 girls. there is about a 23​% chance of getting that many girls if the method had no effect.

Answers

Answer and Explanation:

Because there is a 23% chance of getting that many girls by?chance, the method has A) has statistical significance B) does not have statistical significance C) has practical significance D) does not have practical significance. A) Most or B) Not many couples would likely use a procedure that raises the likelihood of a girl from approximately? 50% rate expected by chance to the what % produced by this method, so this method A) has statistical significance B) does not have practical significance C) does not have statistical significance. D) has practical significance.

Since there is a 23 percent probability which many women can get by probability, Method B) has no statistical significance

From this method, the girl's percentage is

= 1066 ÷ 2097

= 0.5084

or

= 50.84%

Not so much of couples will actually use a technique that increases a girl's probability from the approximately 50 percent rate predicted by chance to the 50.84 percent provided by this process, so this approach B) has no practical significance

Precision Paper Products produces both paper towels and paper napkins. The production process begins with the receipt and pulping of raw timber. Once the timber is pulped, it is screened, rolled, and dried into large rolls of paper. At this point, half the paper is cut and folded into napkins, while the other half is cut, perforated, and rolled into towels. Based on this description, which of the costs listed below would NOT be classified as a joint cost?

a. The administrative costs associated with tracking and processing incoming timber shipments.
b. The materials costs for the various chemicals involved in the pulping process.
c. The direct labor costs associated with operation of the screening machine.
d. The maintenance costs associated with the napkin folding machine.

Answers

Answer:

d. The maintenance costs associated with the napkin folding machine.

Explanation:

The cost that required one or more processors to produced a final product is known as joint cost

Here in the given question, the maintenance cost is not considered to be a joint cost as this cost are associated with the paper napkins

Also, the pulping, screening, rolling, etc are considered to be joint cost

Hence, the correct option is d.

Everyâ week, Ben plays the piano for four hoursâ, and his grade on each psych test is 80 percent. Lastâ week, after playing for four hoursâ, Ben considered playing for an additional hour. He decided to play for another hour and cut his study time by oneâ hour, but last week his psych grade was 65 percent.

Did Mary make her decision on the margin?

a. Mary's decision was not made at the margin because she could have chosen not to play the piano but didn't
b. Mary's decision was not made at the margin because the marginal cost of a lower grade always exceeds its marginal benefits
c. Mary's decision was made at the marginal because her grade fell by only 20 percentage points
d. Mary's made her decision at the marginal because the considered the benefit and cost of one additional hour of playing the piano
e. Mary's decision was not made at the marginal because she didn't compare the total benefit and total cost of a third hour of playing the piano

Answers

Answer: d. Mary's made her decision at the marginal because the considered the benefit and cost of one additional hour of playing the piano.

Explanation: Making marginal decisions or making decision on the margin involves making comparison between the cost and benefit attached to a particular behavior or involvement before making a decision. In the scenario above, the additional benefit attached to playing one more hour of piano and the cost incyrred by cutting reading hour by one hour was weighed and considered by Ben before finally making a decision. This means the decision was made on the margin.

Which of the following is NOT one of the biggest B2C catalogers? a. The Limited b. Sears c. Williams-Sonoma d. JCPenney

Answers

Answer:

The correct option is;

a. The Limited

Explanation:

Business-to-Consumers or B2C is the means by which  company products and services are sold directly to the end-users or consumers. B2C companies are those that deal directly with the end users

Sears, has over 400 outlets, Williams-Sonoma,  is a publicly listed company that deals on home furniture and kitchen ware products   and J. C. Penny is also a listed department store chain having 840 locations o outlets.

Assume there are routine inventory sales between parent companies and subsidiaries. When preparing the consolidated financial statements, which of the following line items is indifferent to the sales being either upstream or downstream?

a. Consolidated retained earnings
b. Consolidated gross profit
c. Noncontrolling interest share
d. Controlling interest share of consolidated net income

Answers

Answer:

B. Consolidated gross profit

Explanation:

When businesses are said to be involved, gross profits in business is simply revenue from sales minus the costs to achieve those sales. In several cases, some people might say sales minus the cost of goods sold. It tells you how much money a company would have made if it didn’t pay any other expenses such as salary, water, electricity, income taxes, copy paper, rent and so forth for its employees. It's calculation is simple and done by subtracting cost of the goods sold from revenue. That is:

Gross Profit = Total Revenue - Cost of Goods Sold (COGS).

Some data processing controls relate to all computer processing activities (general controls) and some relate to specific tasks (application controls). General controls include:______

Answers

Answer:

Controls for documenting and approving programs and changes to programs.

Explanation:

General controls are the controls established in order to function the entire information systems. i.e. All the applications and programmes.

General controls usually cover all the areas of information system, as follows:

i) Control on the operation of the company in order to ensure the efficient and effective operational activities in the information system.

ii) All the procedures required to acquire, develop, test, document and finally approve the systems, and programmes and further any changes thereto.

iii) Controls over access of any equipment or any data, for ensuring security.

iv) All other remaining basic controls for affecting the computer operations as a whole.

Beau works for a small pest-control company that has a total of five employees. From his point of view, the primary disadvantage of a small business is the

Answers

The question is incomplete:

Beau works for a small pest-control company that has a total of five employees. From his point of view, the primary disadvantage of a small business is the:

-complicated management structure.

-risk of failure.

-limited ability to raise capital.

-personal relationship with his employer.

-limited potential for him to advance

Answer:

Limited ability to raise capital.

Explanation:

The answer is that from his point of view, the primary disadvantage of a small business is the limited ability to raise capital because small businesses tend to have few resources and a small participation in the market and these affect their ability to get capital and their growth potential.

The other options are not right because as small businesses have few employees, they have simple structures, the risk of failure can be high or low as in a bigger company and a personal relationship with his employer is not a disadvantage. Also, a small business can offer opportunities to advance.

A company originally issued​ 13,000 shares of​ $6 par value common stock at​ $12 per share. The board of directors declares a​12% stock dividend when the market price of the stock is​ $22 a share. Which of the following is included in the entry to record the declaration of a stock​ dividend?
A. Stock Dividends is credited for​ $34,320.
B. Stock Dividends is debited for​ $34,320.
C. Paid-In Capital in Excess of Parlong dash—Common is credited for​ $18,720.
D. Stock Dividends is debited for​ $18,720

Answers

Answer:

no option is correct

Explanation:

stocks to be distributed = 13,000 x 12% = 1,560

1,560 stocks x $22 = $34,320

1,560 x $6 = $9,3601,560 x ($22 - $6) = $24,960

the journal entry to record the declaration of a small stock dividend (less than 20% of outstanding stocks) should be:

Dr Retained earnings (1,560 x $22) 34,320

    Cr Common stock dividend distributable (1,560 x $6) 9,360

    Cr Additional paid in capital 24,960

Jack decided to save 10% of his annual earnings for 5 years so he could purchase a Tesla. After 5 years, what change in the economy would cause an increase in the purchasing power of the funds he has managed to save

Answers

Answer:

Deflation

Explanation:

A deflation is a fall in general price level.

When there is a deflation, things become cheaper and purchasing power increases.

Deflation is usually caused by a widespread fall in demand

For example, if there is a deflation, the price of the Tesla would fall and it would be relatively cheaper than it was 5 years ago.

You’re reviewing the campaigns of a new client who wants to better promote his child daycare facility to parents researching childcare on their mobile devices. Currently, his ads include generic text about childcare. To optimize his ads for mobile, you might create an ad with:

A. the computer version of the facility’s website as the landing page, and a headline and description text that encourages people to sign up for the facility’s newsletter

B. a headline and description text that includes a customer testimonial, and uses the previous visits automated ad extension to let people see when they last visited the client’s website

C. the mobile version of the facility’s website as the landing page, and uses an interactive video showing current students and teachers reading together

D. a headline and description text that encourages people to sign up for a tour, and uses location extensions so they know where the client’s business is located

Answers

Answer:

D. a headline and description text that encourages people to sign up for a tour, and uses location extensions so they know where the client’s business is located

Explanation:

Mobile devices use has become more.common in recent times with most adults and children owning a mobile device.

As such it is important to optimise website content to mobile devices to make your website more accessible by mobile users.

So if an advertisement is placed to promote the child daycare facility to parents researching childcare on their mobile devices, the main aim is to get parents to sign up and locate the child care.

The best option will be to use appropriate copy (headline and description) to highlight what is unique about the facility. This will compel parents to take interest in the child care.

ohn wants to start his own fruit juice and beverage company. He is aware of the large number of competitors in this industry and of the fact that his product should not be very costly. To differentiate his product from that of his competitors, he decides to sell his beverages in specially designed containers that keep the juice fresh for 7 days even without refrigeration. John is focusing on the ________ component of the marketing mix.

Answers

Answer:

Packaging

Explanation:

Since in the question, it is mentioned that for differentiating the product from its competitors John decided to sell its beverages in containers i.e. specially designed also you keep the juice fresh till 7 days even without refrigeration

So here the John is focused on Packaging component as he wants to make that product i.e differentiate from its competitors also he packaged the product in that way that it looks attractive by adding some special kind designs add on it

Therefore the packaging is the most appropriate option

An airline company that changes its logo is using which of the following strategies to keep up revenue in the maturity stage?
marketing mix modification
brand extension
product modification
market modification

Answers

Answer:

marketing mix modification

Explanation:

The company is changing one of the variables of the marketing mix.

The marketing mix variables are product, price, promotion and place, and the logo is part of the product viarble.

Mature companies sometimes change their logos in order to renew this part of their marketing mix, in order to reach new customers, or keep some of th existing ones who might be sensitive to novelty.

Answer:

A. Marketing mix modification

Explanation:

"A repurchase agreement is effected between two U.S. Government securities dealers. The interest charged under the agreement is the:"

Answers

Answer:

"repo" rate, paid by the seller of the securities to the buyer

Explanation:

For a given situation whereby repurchase agreement occurs between 2 government dealers, what is involved is that government securities dealer transacts securities with another dealer, based on consensus to buy them back at a future period.

The selling dealer receives money, and in return, pledges to pay interest to the buying dealer. The interest rate charged is referred to as the "repo" rate which simply means the repurchase agreement interest rate.

Hence, the correct answer in this case, is "repo" rate, paid by the seller of the securities to the buyer

"Pension funds seeking safety of principal and maximum income would use which investment strategies?"

Answers

Answer:

Purchase government and agency securities and sell covered call contracts.

Explanation:

Purchase government and agency securities and sell covered call contracts because the pension amount or fund must be managed prudently. Therefore, the purchase of government securities suitable as the sale of its covers calls contract. While short sell covers more risk so it is not suitable. Additionally, sell short govt. securities include the sale of naked call contracts.

Through her university, Gwen and her classmates work together to provide management counseling to small businesses in their community. This is called a

Answers

Answer:

Small business institute

Explanation:

Small business institutes are centers created at universities to provide advice to business owners to help them start and run their companies. The business consulting is free and these institutes also provide students the opportunity to help businesses and apply what they have learnt. According to this, the answer is that this is called a small business institute as students are providing advice to small businesses.

The lower the real exchange rate is (defined as the foreign price of domestic currency), the ______ expensive domestic goods are relative to foreign goods, and the ______ the demand is for net exports.

Answers

Answer:

less, greater

Explanation:

Foreign exchange can be defined as the foreign price of a domestic currency.

When the foreign exchange rate is low, it means that the domestic currency has a higher purchasing power and can be said to be strong. This makes domestic goods and services cheaper compared to imported goods. This in turn means that there will be a greater demand for exportation.

Cheers.

In a currency swap:_____.
(A) it may be the case that two counterparties have equivalent credit ratings.
(B) it may be the case that firms have a comparative advantage in borrowing in their domestic markets.
(C) both (A) and (B).
(D) none of the above.

Answers

Answer:

(C) both (A) and (B).

Explanation:

Currency exchange is a foreign transaction in another currency. In this transaction, two individuals or companies exchange their loans and interest on the loan in foreign currency with each other.

In current it might be possible that both counterparties have the same credit rating and one firm has a competitive advantage in borrowing in the domestic market.

So, both options are true in respect of currency swap.

What is the totality of a firm's organizational arrangements, including its formal organizational structure, control systems, incentive systems, organizational culture, organization processes, and human capital

Answers

Answer:

Organizational architecture.

Explanation:

The organizational architecture can be defined as the structure of the company, which includes all the integrated systems of the organization, that is, all the tangible and intangible assets that make up the organizational whole.

In order to operate effectively, every organization must have an organizational architecture that enables the correct flow of processes that will assist in achieving the objectives and goals.

To assess which type of organizational architecture is appropriate for a business, it is necessary to analyze the company's systems, culture and strategy.

After raising two children, Anh, a single 48-year-old, decided to go to college to earn her first college degree. She spent two years in community college and earned an associate's degree. In 2019, she is enrolled half-time at State University to earn a Bachelor's degree in Accounting and also works part-time. Anh is eligible for the American Opportunities tax credit.
a. True
b. False

Answers

Answer:

True

Explanation:

American opportunities tax credit is a form  qualified education expenses that is paid to college students in America by the government.

To be qualified for this credit , the student must meet certain criteria such as listed below

Must be pursuing a degree on other recognized certificationBe enrolled for at least half time the for at least an academic period beginning on the tax yearNot have finished the first four years of higher education at the beginning of the tax year.It is meant for undergraduate college students and their parentParents can only claim the tax if they paid for the child's education expenses and the student is listed as dependent on their return.

Looking at the listed criteria as above , it is apparent that Anh is eligible for the opportunities tax credit

A decrease in the price of eggs from $1.50 to $1.30 per dozen resulted in an increase in egg purchases from 60 to 100. The price elasticity of demand using the midpoint formula is therefore

Answers

Answer:

Explanation:

In using the midpoint method to calculate price elasticity , the average percentage change in the price and quantity are used

formula = percentage change in quantity = (Q2 -Q1/(Q2+Q1)/2)*100

Percentage change in price = ( P2 -P2/(P2-P1)/2)*100

Price changes = $1.5 to $1.3

Quantity changes = 60 to 100

Percentage in price = (1.3-1.5 /(1.5+1.3)/2 )*100

(-0.2/1.4)*100 =-14.29%

Percentage in quantity = (100-60/(100+60)/2)*100

40/80*100 = 50%

Therefore , price elasticity of demand = 50/-14.29 = -3.5

With the elastic interval being less than 1 , it means that it is an inelastic  demand

Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining industry. The following information pertains to operations for the month of May. Units Beginning work‐in‐process inventory, May 1 16,000 Started in production during May 100,000 Completed production during May 92,000 Ending work‐in‐process inventory, May 31 24,000 The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs. Costs pertaining to the month of May are: Beginning inventory costs are: materials, $54,560; direct labor, $20,320; and factory overhead, $15,240. Costs incurred during May are: materials used, $468,000; direct labor, $182,880; and factory overhead, $391,160. Using the weighted‐average method, the equivalent unit conversion cost for May is:

Answers

Answer:

$6 per unit

Explanation:

using the weighted average method:

units completed 92,000 x 100% (both materials and conversion)

ending work in progress 24,000

materials 90% completed = 21,600conversion 40% completed = 9,600

equivalent unit conversion costs = total conversion costs / total equivalent units of conversion

total conversion costs = $20,320 + $15,240 + $$182,880 + $391,160 = $609,600total equivalent units of conversion = 92,000 + 9,600 = 101,600

equivalent unit conversion costs = $609,600 / 101,600 units = $6 per unit

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