Prepare a schedule showing the realized and unrealized profits for Q Inc. for 2017 and 2018. Your schedule should include both pre-tax and after-tax amounts.
P Inc. owns 70% of Q Inc. During 2017, P Inc sold inventory to Q for $20,000. Half of this inventory remained in Q's warehouse at December 31, 2017 year end. On January 1, 2017, Q Inc had inventory in its warehouse which was purchased from P for $5,000. This inventory was sold to an outside party during 2017. Also during
2017, Q Inc sold inventory to P Inc. for $10,000. 50% of this inventory remained in P's warehouse at year end. Both companies are subject to a tax rate of 25%. The gross profit percentage on sales is 30% for both companies. P Inc. uses the cost method to account for its Investment in Q Inc. The inventories of both
companies as at December 31, 2017 was all sold to outsiders during 2018. There were no intercompany transactions during 2018.
What will be an ideal response?
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Recent research has shown that there is an ethical maturity model (EMM) that explains why people make unethical decisions, and there are four levels in it. Which of the following level is NOT one among them
a. Personal ethical understanding b. Corporate code of ethics c. Application of ethics d. Ethical courage e. Ethical leadership
Today, expeditious complaint handling is done more by ombudspersons than people at remote call centers
Indicate whether the statement is true or false
Brenda is a purchasing agent for Commodities Exchange Corporation. Dennis, a Commodities corporate officer, gives Brenda written authority to buy for the firm as many computers and peripheral devices as necessary. The next day, Dennis calls Brenda and tells her to buy only fifty notebook computers and nothing else. Brenda shows the written authority to E-Products, Inc., and enters into a contract with E-Products to buy sixty notebook computers and a selection of printers, scanners, and extra storage media. E-Products ships the order to Commodities. Is Commodities liable to E-Products under the contract? Is Brenda liable? In each case, if so, why? If not, why not?
What will be an ideal response?
The table below shows the number of cars sold last month by seven employees at Concord Motors and their number of years of sales experience
Experience Sales 1 8 2 6 2 7 4 14 5 9 6 13 8 10 Management would like to use simple regression analysis to estimate monthly car sales using the number of years of sales experience. The sum of squares error for this sample is ________. A) 13.50 B) 16.00 C) 29.61 D) 37.23