Given the product variety and high demand uncertainty in most high-tech supply chains, a significant fraction of the inventory carried is safety inventory
Indicate whether the statement is true or false.
Answer: TRUE
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Mercedes Company paid $20,000,000 to acquire 100% of the outstanding common stock of Benz Incorporated on January 1, 2018. The book value of Benz's net assets on the date of acquisition was $17,000,000. Benz's buildings were undervalued by $1,500,000 as of January 1, 2018; the buildings had a ten-year remaining life as of the date of acquisition. There are no other book-to-fair value differences for the other assets and liabilities of Benz. Mercedes retained earnings as of January 1, 2018 was $5,750,000, while Benz reported retained earnings of $3,175,000. Mercedes net income was $1,750,000 during 2018 and was $2,035,000 during 2019; the 2018 and 2019 net income amounts did not include any amounts pertaining to the Benz investment. Benz's retained earnings increased $1,050,000 from
January 1, 2018 to December 31, 2019 even though Benz declared $225,000 of dividends during that two-year period.Required:Determine the December 31, 2019 consolidated retained earnings balance. What will be an ideal response?
When it comes to social media, only some consumers want to engage with some brands, and even then, only some of the time
Indicate whether the statement is true or false
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant issued common stock at par value for $10,000 cash. Which of the following statement is correct?
A. Gant's working capital will decrease. B. Gant's current ratio will increase. C. Gant's quick ratio will decrease. D. Gant's current ratio will decrease.
Develop the shortest-route network for the problem below, and determine the minimum distance from node 1 to node 8
From To Distance 1 2 5 1 3 3 2 4 7 2 5 5 3 4 5 3 5 8 3 6 7 4 7 4 5 7 6 6 7 5 6 8 4 7 8 5 What will be an ideal response?