What is the after-tax dollar value of X's realized profits during the year on its sales to Y?
X Inc. owns 80% of Y Inc. During 2018, X Inc. sold inventory to Y for $10,000. Half of this inventory remained in Y's warehouse at year end. Y Inc. sold Inventory to X Inc. for $5,000. 40% of this inventory remained in X's warehouse at year end. Both companies are subject to a tax rate of 40%. The gross profit percentage on sales is 20% for both companies. Unless otherwise stated, assume X Inc. uses the cost method to account for its Investment in Y Inc.
A) $400. B) $2,000. C) $600. D) $1,000.
C) $600.
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The most widely used depreciation method is
a. straight-line b. other c. units-of-output d. double-declining-balance
An external advertising agency is likely to be more objective than an in-house advertising department and also have a better understanding of consumers and trends
Indicate whether the statement is true or false
Sharon Johnson understands her job well. She comes to work each day and completes most tasks by their deadlines. She accepts the fact that there are smart people in charge and that the processes in her department work as they are supposed to. She is open to feedback and engaged with her team. Finally, she is dedicated and loyal to her manager. Sharon would be described as ______.
a. effective b. a conformist c. alienated d. a critical thinker
Why is giving an employee a rating preferred to a ranking?
What will be an ideal response?