Prepare a schedule showing the realized and unrealized profits for P 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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Most large corporations and organizations operate with the committee system.
Which of the following is not a criticism of the team leadership model?
A. its complexity B. it includes only a partial list of skills leaders might use to make team decisions C. shared leadership might not work for all team members’ skill levels D. it provides a cognitive guide to aid leaders in maintaining effective teams
Jose Lopez was a senior vice president of design for a major electronics company Data Inc In his employment contract it stated that he must give Data Inc 6 months' notice if he was leaving
Data Inc was in financial trouble and Jose was offered the job as vice president of a competitor, Software Ltd. so he gave Data Inc 2 months' notice he was leaving. Data Inc was furious and as a result has decided to sue Jose. As a result which of the following statements is FALSE? A) Data Inc. can be awarded damages but it cannot force Jose to come back and work for Data Inc. B) Jose can be liable for wrongful resignation C) Software Ltd. can be liable for inducing breach of contract D) Jose Lopez owed Data Inc. a fiduciary duty E) Jose Lopez can be forced to return to work for Data Inc. for 4 more months
What is a credit default swap? What happens in the event of default?
What will be an ideal response?