Mirror Emporium's sole owner, Fred Martin, is happy about his $100,000 profit. However, while he knows that the firm is profitable, he wants to know how effectively his investment is being used when compared to its other investments. What computation would you recommend?
Answer : Return on owners equity
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A(n) ________ is a contract that courts refuse to enforce in part or at all because it is so oppressive or manifestly unfair as to be unjust
A) unconscionable contract B) contract of adhesion C) contract in restraint of trade D) quasi-contract
Products often go through channel intermediaries such as _____ and _____.
A. advertisers; testers B. suppliers; strategic partners C. distributors; retailers D. opinion leaders; developers E. customers; competitors
Jaynes Inc. acquired all of Aaron Co.'s common stock on January 1, 2017, by issuing 11,000 shares of $1 par value common stock. Jaynes' shares had a $17 per share fair value. On that date, Aaron reported a net book value of $120,000. However, its equipment (with a five-year remaining life) was undervalued by $6,000 in the company's accounting records. Any excess of consideration transferred over fair value of assets and liabilities acquired is assigned to an unrecorded patent to be amortized over ten years.The following figures came from the individual accounting records of these two companies as of December 31, 2017: Jaynes Inc. Aaron Co.Revenues$720,000 $276,000 Expenses 528,000 144,000 Investment incomeNot given - Dividends paid 100,000 60,000 ??The
following figures came from the individual accounting records of these two companies as of December 31, 2018:? Jaynes Inc. Aaron Co.Revenues$840,000 $336,000 Expenses 552,000 180,000 Investment incomeNot given - Dividends paid 110,000 50,000 Equipment 600,000 360,000 Retained earnings, 12/31/18 balance 960,000 216,000 ?What was consolidated net income for the year ended December 31, 2018? What will be an ideal response?
Management reserves are the estimated costs to cover unexpected situations
a. True b. False Indicate whether the statement is true or false