If a shareholder is to receive a dividend, they need to be listed on the company's records on the date of record.
What do you mean by dividend?
A corporation's payout of profits to its shareholders is known as a dividend. A corporation is able to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are withdrawn and reinvested back into the company.Most dividends paid to shareholders in the United States are cash dividends, which are payments given in cash on a per-share basis. For instance, an investor holding 100 shares would receive $20 in cash if the corporation paid a dividend of 20 cents per share. A percentage increase in the number of shares owned is what constitutes a stock dividend.To know more about Dividend here
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the ordinary rules of agency normally do not apply to the employment of corporate officers. true false
The given statement ''the ordinary rules of agency normally do not apply to the employment of corporate officers'' is false.
Explain the law of agency ?A person, known as the agent, who is permitted to act on behalf of another (known as the principal) to establish legal contacts with a third party is dealt with under a set of contractual, quasi-contractual, and non-contractual fiduciary relationships under the law of agency. In a nutshell, it may be described as the equal connection between a principle and an agent in which the principal, either explicitly or tacitly, gives the agent permission to act on their behalf and under their supervision. Thus, the agent must engage in negotiations on behalf of the principle or establish contractual relationships between the principal and third parties.The ordinary rules of agency normally apply to the employment of corporate officers.
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which step of the policy evaluation process would ask you to determine if a policy helps to ensure domestic tranquility?
The identify the problem is the step of the policy evaluation process would ask you to determine if a policy helps to ensure domestic tranquility.
The policy evaluation is a method of solving the route cause of the problem by the collecting information through creating policy and data to analyze where the problem comes from and how to solve that problem.
The policy evaluation is also known as program evaluation. The policy evaluation is created for the citizens who the can change the thins according to their needs and can not buy the things like school books, medicines etc.
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kendra's company has a plant in thailand that supplies motor parts to another one of the company's plants in indonesia. what would be used to price the motor parts shipped to the subsidiary?
In the example of Kendra's company, a transfer price would be used to price the motor parts shipped from the Thailand plant to the Indonesia plant.
The transfer price is the price that is used for the transfer of goods or services between two subsidiaries of the same company. The transfer price should reflect the cost of the production and shipping of the motor parts as well as a reasonable profit for the company.
The transfer price should be based on the market conditions of the two countries and should not be set too high, as this could lead to a loss of profits for the company. For example, if the cost of production and shipping of the motor parts is higher in Thailand than in Indonesia, the transfer price should be set higher to reflect this difference. The transfer price should also take into account any taxes or tariffs that would be incurred on the transfer of the goods.
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explain how a currency trader can make a profit from holding a foreign currency as a speculative asset.
Speculation is the practice of investing in a monetary product that entails a substantial risk of loss in value but also holds the potential for a sizable return.
What asset do you refer to?A thing that has current and future value is referred to be an asset. A machine or piece of equipment, a financial product, or a patent are examples of assets that typically provide cash stream in the future. Some examples of personal possessions include houses, automobiles, investments, objects of art, and home furnishings.
Which seven types of assets are included in total?Total assets, capital assets, precious metals, intangible resources, operative assets, and semi assets are six main groups that are frequently referred to in accounting. Your belongings might fit into more least 1 category. An object
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a company had net cash flows from operations of $143,000, cash flows from financing of $376,000, total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals:
Option B is correct. A company had net cash flows from operations of $143,000, cash flows from financing of $376,000, Total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals 4.1%.
Net cash flows from operations = 133000
Divide by Average total assets = 3280000
Cash flow on total assets ratio = 4.1%
Option B 4.1% is correct.
Cash float is a degree of ways awful lot cash a business introduced or spent in general over a time period. Coins go with the flow is generally damaged down into coins glide from working sports, making investment sports, and financing sports on the announcement of cash flows, a common economic assertion.
Cash drift from operations is comprised of fees made as part of the regular route of operations. Examples of these coins outflows are payroll, the fee of goods sold, hire, and utilities. Coins outflows can range considerably whilst business operations are fairly seasonal.
A coins flow declaration suggests the exact amount of a company's cash inflows and outflows over a time frame. The earnings announcement is the maximum commonplace financial announcement and shows an enterprise's revenues and total costs, along with noncash accounting, such as depreciation over a period of time.
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Complete Question:
A company had net cash flows from operations of $133,000, cash flows from the financing of $356,000, total cash flows of $539,000, and average total assets of $3,280,000. The cash flow on total assets ratio equals:
Multiple Choice
A). 16.4%.
B). 4.1%.
C). 3%.
D). 16.5%.
E). 24.7%
stearns production company has budgeted 150 hours for each of three music videos they are producing and 16,000 hours for a movie they are producing in the month of august. they pay their employees an average of $26 per hour. how much do they need to budget for direct labor costs?
They need to budget for direct labor costs is $427,700
16,000 hours for a movie + (150 hours × 3 music videos) = 16,450 direct labor hours. This will cost the company a total of 16,450 × $26 = $427,700.
Direct labour cost means the wages given to the workers who are directly involved in manufacturing of the garments and the cost that may be traced according to garment.
Direct labor is production or services labor this is assigned to a specific product, fee center, or paintings order. whilst a business manufactures products, direct labor is considered to be the exertions of the manufacturing team that produces goods, inclusive of gadget operators, meeting line operators, painters, and so on.
Direct hard work includes the fee of regular working hours, as well as the overtime hours worked. it's also related payroll taxes and expenses such as social safety, Medicare, unemployment tax, and worker's employment insurance.
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net marketing contribution reveals what is left after the manufacture and sale of the product to cover marketing, fixed costs and profit.T/F
This statement is False. Net marketing contribution does not reveal what is left after the manufacture of product and sale of the product to cover marketing, fixed costs and profit. It is a measure of the profit of a product or service from the marketing perspective.
It can be calculated by subtracting all the marketing costs from the total income generated by the product or service. It is a key measure of marketing effectiveness and is used to help understand and improve the contribution of marketing activities to the overall profitability of a business. Marketing involves a number of activities which include market research, product development, promotion, pricing, distribution, customer service, and more.
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when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a:
When is the case here, as more businesses enter an oligopolistic market, collaboration becomes more difficult as revenues. The correct response is D.why firms will not cooperate if they behave strategically.
Decline and businesses begin to act more egotistically. Companies will always be looking to cheat in order to make this profit, so in this scenario the cheating firm has an incentive to do so because the profit is so much bigger than sharing. The other businesses would respond by raising prices.
And they would all suffer the prisoner's dilemma is cited or recognised as a game theory example that tends to show why it can be challenging to organise and keep collaboration, even though it could be extremely beneficial to both parties.
Complete question:
when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a
A. why firms have an incentive to cheat on agreements.
B. how oligopolists engage in implicit collusion under strategic situations.
C. how cooperation in strategic situations leads to the economically efficient market outcome.
D. why firms will not cooperate if they behave strategically.
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In some industries, not showing up for work
simply means certain tasks aren't completed,
but in a professional food service environment,
not showing up for work can mean the
difference between a working kitchen and
what kind of kitchen?
(1 point)
Not showing up for work in a professional food service environment can mean the difference between a functioning kitchen and a kitchen that is in chaos.
What do you mean by Professionalism?
Professionalism is the conduct, behavior, and attitude of a professional. It encompasses the standards of personal and business ethics, dress code, communication, and work ethic that an individual presents in the workplace. Professionalism also includes the ability to adapt to different situations, provide quality customer service, and maintain a positive attitude.
Not showing up for work cause delays in preparation, long wait times for customers, and a general decrease in quality as well as quantity. It can lead to employee frustration and customer dissatisfaction. Furthermore, if there is a lack of staff, the remaining staff may become overwhelmed, leading to potential safety hazards and risks.
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Answer:
a. one that cannot function
Explanation:
sports teams travel together. they compete against other teams. this increases their a.diversity. b.norm generalization. c.role structure. d.cohesiveness. e.informal leadership.
Sports teams travel together. they compete against other teams. this increases their role structure.
Hence, Option C is correct.
The purpose of organizational structure is to make it apparent who is responsible for what and where each individual stands in the hierarchy of authority. A director of an employee may answer to a vice president, who answers to the chief executive officer, who answers to the board of directors or the company's owners.A high school football player, for instance, simultaneously fulfills the responsibilities of student, athlete, classmate, etc. "A person in the role of a parent is supposed to care for their child and safeguard them from danger," is another illustration of a role.To know more about Role structure here
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describe the options that you have if the goods that you receive as a buyer are nonconforming to the goods described within a written sales contract?
Nonconforming goods are delivered that don't satisfy the specifications (quantities and qualities) of the requested goods defined in a purchase contract.
What are the remedies available to a buyer?1. Lawsuit for Damages for Non-Delivery - If the seller wilfully fails or declines to deliver the products to the buyer, the buyer may bring a lawsuit for damages for non-delivery. Additionally, in the event of non-delivery, the buyer has the right to get their money back, if they have already paid the price.
2. Lawsuit for price - In the event that the buyer has already paid the price but the items are not delivered to him, he may sue to reclaim the money.
3. Suit for specific performance - When the goods are specified or determinable, the buyer may bring legal action against the seller to require him to fulfil the same goods as agreed upon under the terms of the contract. Only in cases where the products are specific or known, does the court issue orders for specific performance and damages.
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phillipe established a revocable living trust naming himself, his spouse, and his two children as income beneficiaries, and his grandchildren as remainder beneficiaries. he funded the trust with $300,000. what is the value of the gift to this trust is:
The contribution to this trust has a value of zero dollars. No gifts are made to oneself when funding a revocable living trust, so this has no impact on gift taxes.
An living trust is what?A living trust is a legal arrangement created by a person (the grantor) to protect their property and decide how it will be transferred after their dying.
It's an estate planning technique that can help beneficiaries and family members avoid a protracted, visible, challenging, and oftentimes expensive probate process.
A contract is used to create a living trust. The terms of the Trust and the assets transferred by the Grantor to the Trust are clearly forth in the Agreement. The grantor appoints a trustee, who will, at a particular period, have control over those assets for the benefit of the beneficiaries.
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on january 1, 2022, monty corp. had retained earnings of $499,000. during the year, monty had the following selected transactions. 1. declared cash dividends $122,000. 2. earned net income $349,000. 3. declared stock dividends $58,000. determine the retained earnings balance at the end of the year.
The presented statement indicates that the retained profits balance was $678,000 at the conclusion of the fiscal year.
What do transactions go by?An executed contract in between a seller and a buyer to trade products, services, or bank deposits in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.
Briefing:The following is the statement of retained earnings for the year ending December 31, 2022 for Novak Corp.:
Retained Earnings Balance, January 1 = $499,000
Net Income = $349,000
Total amount in ended December 31, 2022 = $499,000 + $349,000
= $848,000
Less:
Cash Dividends: $112,000
Stock Dividends: $58,000
The total less = $112,000 + $58,000 = $170,000
Retained Earnings Balance, December 31 = $848,000 + $170,000
= $678,000
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when a sport marketing and event management agency limits either the scope of services performed or the type of clients serviced, it is known as
when a sport marketing and event management agency limits either the scope of services performed or the type of clients serviced, it is known as a specialized agency.
What is Marketing?The goal of marketing is to pique the attention of potential customers or clients in your goods and services. Process is the definition's core word. Marketing entails distributing, selling, and researching your goods or services.This field of study focuses on the analysis of market and consumer behaviour as well as how businesses manage their commercial operations to recruit and keep customers by meeting their needs and wants and fostering brand loyalty.When asked to define marketing, people frequently give vague definitions such as selling or advertising. These responses are not incorrect, but they are merely a component of marketing.To learn more about Marketing refer to:
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five friends go to a restaurant. they talk about how to divide the bill. under which of the following possible arrangements would you expect the group to spend the least? answer s: a. everyone pays only for what he eats (plus the prorate share of tax and tip) b. they divide the bill in five equal shares c. the riches person pays d. it is impossible to tell
Everybody should pay for their food, tax, and tips if we wish to calculate how much should be paid out the least. This is the best approach to do so.
Bill, what is it?An financial document that details the price a customer must pay for a good or service is referred to as a "bill." It is also regarded as a reminder for payments. First before payment is delivered, a bill is issued, and it is utilized once and right away.
Which is better, bills or invoices?You might receive an invoice from a business for services rendered, but when you get it, you only consider it to be a bill. A bill is a straightforward description of what is currently due, although the word "invoice" can suggest that payment conditions, such as "NET-30 days," have been negotiated.
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daily demand for a type of sandwich sold at doorred cafe (drc) is normally distributed with a mean of 65 and a standard deviation of 27. drc orders the sandwiches from a wholesaler (everyday morning before 5:30 am) at a wholesale price of $4 per sandwich and sells them at a retail price of $7 per sandwich. pursuant to the contract between drc and its wholesaler, the transportation cost is currently borne by the wholesaler. the wholesaler does not take back any unsold sandwiches. however, drc can sell any unsold inventory at a discounted price of $3 after 5:00 pm every day. a) how many sandwiches should drc order to maximize profit?
Given the information provided, DRC should order 65 sandwiches to maximize their profits.
This is because the demand for sandwiches is normally distributed with a mean of 65 and a standard deviation of 27. By ordering 65 sandwiches, the cafe will have enough to meet the average daily demand without having to order too many and risk having to sell them at a discounted price.
To maximize profit, Doored Cafe (DRC) should order the number of sandwiches that minimizes the expected cost of lost sales due to unsold inventory. To find the optimal order quantity, we can iterate through different order quantities and calculate the expected profit for each one.
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presented below is selected information for sheridan company. answer the questions asked about each of the factual situations. (do not leave any answer field blank. enter 0 for amounts.) 1. sheridan purchased a patent from vania co. for $1,160,000 on january 1, 2018. the patent is being amortized over its remaining legal life of 10 years, expiring on january 1, 2028. during 2020, sheridan determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. what amount should be reported in the balance sheet for the patent, net of accumulated amortization, at december 31, 2020?
At December 31, 2020, the amount that should be reported in the balance sheet for the patent, net of accumulated amortization, is $576,000.
This amount is calculated by taking the original patent cost of $1,160,000, multiplied by the remaining legal life of the patent (6 years) and then divided by the total legal life of the patent (10 years). ($1,160,000 x 6/10 = $576,000).
In return for publishing an enabling disclosure of the invention, the owner of that patent is granted the legal right to prevent others from creating, using, or selling the invention for a a period of time. In the majority of nations, patent rights are governed by private law, and in order to enforce them, the patent holder is required to file a lawsuit against a third party who violates the patent.
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your broker requires an initial margin of $4,000 per futures contract on soybeans and a maintenance margin of $3,000 per contract. soybean futures contracts are based on 5,000 bushels and quoted in cents per bushel. yesterday, you bought six soybean futures contracts at the closing settlement price of 1380. today, the settlement quote is 1335. all margin calls restore margin levels to their initial margin level. will you receive a margin call and, if so, for what amount?
Yes, you will receive a margin call and the amount call is $13,500.
What is margin call?Margin is the security that a financial instrument holder must deposit with a counterparty (often their broker or an exchange) to cover all or part of the credit risk the holder poses for the counterparty. The following actions by the holder could put them at risk:
borrowed money from the counterparty to buy securities,
borrowed financial products to be short sold,
a derivative contract was entered into.
A margin account's collateral, which represents the funds available to the account holder for additional share trading, can be either the money deposited in the account or the securities offered. Prior to becoming known as margins, performance bonds were the term used on American futures exchanges. The majority of today's exchanges are in SPAN.
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after receiving the results of a self-assessment, you learn that you have a very low risk tolerance. with this knowledge, which business approach would be the least stressful for you?
Buy an existing business that is already successful would be the least stressful and also the best approach.
Buying an existing business is exactly what it sounds like.Usually, the buyer assumes total control of the company. The biggest benefit is having a pre-existing plan that might contain crucial elements like a clientele that is established, specified operational costs, and fully trained staff. Almost every form of business may be acquired or sold, regardless of the industry.
Usually, when you acquire an existing company, you have total control over its course. However, without a clear goal, support systems, or outside counsel, your company may struggle as you find out how to manage things.
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a corporation issued 120 shares of its $5 par value common stock in payment of a $2,000 charge from its accountant for assistance in filing its charter with the state. the entry to record this transaction will include:
For assistance in submitting its charter to the state through an accountant. This transaction's entry will be included in the journal entry again for transactions.
What are journal entries?Maintaining as well as recording non-economic or economic transactions is known as journal entry. Accounting journals that display the company's credit and debit balances are used to record transactions. Multiple entries, apiece representing a debit or credit, can be included in a journal entry.
What is journal entry format?A journal entry format is a standard format used in bookkeeping to record all business transactions of a company and is primarily based on the double-entry bookkeeping system of accounting to ensure that debits and credits are always the same .
Entries for transaction:The journal entry for the transaction
Common stock- par value (cr) 120 × 5=600
Excess of par value paid in capital (cr) 1400
Legal expense (db) 2000
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what are two examples of economic forces within a company's general environment? multiple select question. marijuana legalization the unemployment rate bank interest rates hurricane katrina
The correct option is B and C. The two examples of economic forces within a company's general environment of The unemployment rate and bank interest rates.
financial forces are factors that include monetary and monetary policies, hobby charges, employment, inflation fee, demographic adjustments, political changes, electricity, security, and natural disasters. All of these have a right-away effect on how corporations produce and distribute their services or products.
Those elements decide a business enterprise’s volume of calls for its product and affect its advertising techniques and activities. The monetary device is made of 3 fundamental steps. the primary one being manufacturing and then there's a distribution of the produced items and then the closing step is the consumption of the identical. Now all that is viable because of two factors- Human useful resources and herbal resources.
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Monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price
a. True
b. False
True, Monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price is true.
What is tradeoff ?A tradeoff is a situation in which one thing must be sacrificed in order to gain something else. This can be applied in many different contexts, such as economics and business decisions. In economics, a tradeoff might mean sacrificing short-term gains in order to receive long-term benefits. In business decisions, a tradeoff might mean sacrificing customer satisfaction in order to save money and increase profits. Tradeoffs are a necessary part of decision making, often requiring a balancing act between various factors. The key is to weigh the pros and cons of each option carefully and make an informed decision based on what is best for your situation.
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people in singapore and switzerland are inclined toward long-term planning. according to the globe project, such societies score high on future orientation. true false
It is true that people in Singapore and Switzerland are inclined toward long-term planning and according to the globe project, such societies score high on future orientation.
The GLOBE project is a world scientific research aimed toward making, testing, and corroboratory theories retailed to the connection between culture and social group, structure, and leadership effectiveness.project provides managers with an extra lens through that they will higher perceive a way to perform well in a world surroundings.
In scientific discipline and connected fields, future orientation is broadly speaking outlined because the extent to that a private cares the long run, anticipates future consequences, and plans ahead before acting. Being a future-oriented person permits you to arrange ahead.
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pertains to performance and the quality and quantity of task outputs as defined by team goals. a. commitment b. norm c. productive output d. capacity to adapt e. satisfaction
Productive output pertains to performance and the quality and quantity of task outputs as defined by team goals. option c
What is meant by productive output?The number of units actually produced by a single facility or operation over the course of a single continuous 12-month period is referred to as productive output.
Productivity is the amount of output that can be generated from a given set of inputs. When more output is generated using the same number of inputs or when the same amount of output is produced using fewer inputs, productivity increases. There are two productivity ideas that are frequently employed.
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One consideration in choosing a marketing channel is profitability, which is determined by the margins earned for each channel member and for the channel as a whole. Based on this information, which of the following statements would be most accurate?- The more responsibilities a channel member takes in terms of distribution, advertising, and selling expenses, the greater the potential for manufacturer profitability.- The more responsibilities the manufacturer assumes relative to its channel members, the greater the potential for profitability.- The extent to which channel members share costs determines the margins received by each member and by the channel as a whole.- While channel members can increase profitability by taking on distribution and selling expenses, advertising expenses should always remain with the manufacturer if a firm is looking for the greatest profitability.- Profitability is not related to the length or nature of the distribution chain but determined by the manufacturer.
Option (c), The margins that each channel member and the channel as a whole obtain depend on how much they share costs.
How much money does the channel of distribution make?The channel margin is, to put it simply, the difference between what the client pays and what the supplier must pay at that particular point in the distribution channel. Channel margins can be computed as a percentage of the selling price or as a per-unit sum.
What four types of distribution are used in supply chain management?There are four main distribution channels that a business can choose from when deciding how to advertise its products most effectively. Direct sales, wholesale, brokerage, and dual distribution are some of the options. Choose your distribution partners for your supply chain carefully to follow best practices.
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which of the following would cause an increase in aggregate demand? i. congress cuts personal income taxes. ii. the degree of excess capacity increases. iii. the quantity demanded of imports increases.
The correct option is A, Congress cuts personal income taxes causing an increase in aggregate demand.
Aggregate demand is an economic concept used to describe the total demand for goods and services in an economy at a given time. It is the sum of all the individual demands for goods and services in the economy, including both consumer and business spending. Aggregate demand is an important concept in macroeconomics, as it is an important determinant of a nation’s overall economic health.
When aggregate demand is high, it indicates that the economy is doing well and that people are spending money. When aggregate demand is low, it indicates that people are not spending as much money, which can lead to an economic downturn. Aggregate demand is affected by a number of factors, including changes in the money supply, interest rates, and government spending.
It is also affected by changes in consumer confidence, which can lead to changes in consumer spending. In order to maintain a healthy economy, it is important for aggregate demand to be kept in balance with aggregate supply.
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What are some of the customization options in the Animation Pane? Check all that apply.
add animations
reorder animations
remove animations
set timing of animations
preview animations
With Animation Pane you can:
add animationsreorder animationsremove animationsset timing of animationspreview animationsWhat is Animation Pane?Generally, Animation Pane is a feature in Microsoft PowerPoint that allows users to manage and customize the animations applied to elements in a presentation. It allows users to view, add, modify, and delete animations in a slide.
To access the Animation Pane, you can go to the "Animations" tab in the ribbon and click on the "Animation Pane" button. The Animation Pane will appear on the right side of the PowerPoint window, showing a list of all the animations applied to the current slide.
In the Animation Pane, you can:
Add animations: You can add new animations to an object or text by selecting it and then choosing an animation from the list of available animations.
Reorder animations: You can change the order in which animations play by clicking on an animation in the Animation Pane and dragging it up or down to a new position.
Remove animations: You can remove an animation by clicking on it in the Animation Pane and then clicking the "Remove" button.
Set timing of animations: You can set the timing of an animation by clicking on it in the Animation Pane and then using the options in the "Start" and "Duration" fields to specify when the animation should start and how long it should last.
Preview animations: You can preview the animation by clicking the "Play" button in the Animation Pane. This will play all of the animations in the order that they are listed in the Animation Pane.
Note that these are just some of the customization options available in the Animation Pane. There may be additional options depending on the version of the software you are using and the specific animation you have selected.
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Answer:B, C, D, E
Explanation:
right on edge22
typically result(s) in the acquiring firm being able to prevent valuable human resources in the acquired firm from leaving. a. financial slack b. private synergy c. high compensation d. friendly acquisitions
Friendly Acquisition is typically result in the acquiring firm being able to prevent valuable human resources in the acquired firm from leaving.
Option D is correct.
What is good Acquisition ?Good acquisitions share value creation on both the buy side and the sell side. Added value can be measured through organizational and cultural change. For example, a hardware company buys a startup and equips its business with a new software lens.
What is an acquisition strategy?The Acquisition Strategy identifies the acquisition approach and key assumptions and the business, technical, product support, security, and supportability strategies that the PM will employ to manage program risks and achieve program objectives. A comprehensive and integrated plan that describes the strategy.
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on january 1, 2020, doone corporation acquired 70 percent of the outstanding voting stock of rockne company for $462,000 consideration. at the acquisition date, the fair value of the 30 percent noncontrolling interest was $198,000, and rockne's assets and liabilities had a collective net fair value of $660,000. doone uses the equity method in its internal records to account for its investment in rockne. rockne reports net income of $220,000 in 2021. since being acquired, rockne has regularly supplied inventory to doone at 25 percent more than cost. sales to doone amounted to $280,000 in 2020 and $380,000 in 2021. approximately 40 percent of the inventory purchased during any one year is not used until the following year. what is the noncontrolling interest's share of rockne's 2021 income? prepare doone's 2021 consolidation entries required by the intra-entity inventory transfers.
The noncontrolling interest's share of Rockne's 2021 income would be $66,000 ($220,000 x 30%).
Doone's 2021 consolidation entries required by the intra-entity inventory transfers would be: Debit Inventory $91,000
Credit Rockne Inventory $91,000
Debit Rockne Inventory $91,000
Credit Investment in Rockne $91,000
Since, intra-entity transactions produce more profits for consolidated financial accounts, intra-entity transactions between parent and subsidiary happen a lot. When compared to transactions with other entities, intra-entity transactions are generally less expensive.
An internal inventory transfer known as an intra-entity transfer results in no net change to the financial position of the business combination as a whole.
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a guarantor who derives a personal benefit from the guaranty agreement has direct primary liability on the debt. a. true b. false
A guarantor who derives personal benefit from guaranty agreement has direct primary liability on the debt :False.
What is the meaning of guaranty agreement?Guaranty agreement is a two-party contract where the first party agrees to perform in event that second party fails to perform. Unlike surety, guarantor is only required to perform when the oblige has made every reasonable and legal effort to force principal's performance.
The party who makes guaranty is called the guarantor and an agreement of this nature is mostly used in real estate, insurance, or financial transactions.
A guaranty can be revoked if both the guarantor and the lender agree in writing. Some debts owed by the personal guarantors can be discharged in bankruptcy.
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