Write a note on electronic meeting systems
What will be an ideal response?
A category of groupware which focuses on helping groups have better meetings is commonly referred to as electronic meeting systems (EMSs). An EMS is essentially a collection of personal computers networked together with sophisticated software tools to help group members solve problems and make decisions through interactive electronic idea generation, evaluation, and voting. EMSs have traditionally been housed within a dedicated meeting facility; increasingly, Web-based implementations support team members around the globe.
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Which of the following statements is true of laws relating to compensation?
A. They place restrictions on the salaries drawn by the top management. B. They protect the organization's investment on its employees. C. They require that firms pay the same work pay for men and women. D. They monitor the financial investments made by the top management of the organization. E. They require that firms pay the same work pay for all employees of a department.
In general terms, describe a centered moving average
What will be an ideal response?
Michigan-based Leo Corporation acquired 100 percent of the common stock of a British company on January 1, 20X8, for $1,100,000. The British subsidiary's net assets amounted to 500,000 pounds on the date of acquisition. On January 1, 20X8, the book values of its identifiable assets and liabilities approximated their fair values. As a result of an analysis of functional currency indicators, Leo determined that the British pound was the functional currency. On December 31, 20X8, the British subsidiary's adjusted trial balance, translated into U.S. dollars, contained $17,000 more debits than credits. The British subsidiary reported income of 33,000 pounds for 20X8 and paid a cash dividend of 8,000 pounds on October 25, 20X8. Included on the British subsidiary's income statement was
depreciation expense of 3,500 pounds. Leo uses the fully adjusted equity method of accounting for its investment in the British subsidiary and determined that goodwill in the first year had an impairment loss of 25 percent of its initial amount. Exchange rates at various dates during 20X8 follow: January 11£=$2.10 October 251£= 2.25 December 311£= 2.20 Average for 20X81£= 2.21 Based on the preceding information, what amount should Leo record as "income from subsidiary" based on the British subsidiary's reported net income? A. $69,300 B. $52,500 C. $72,600 D. $72,930
Calculate the gain on the contribution of equipment and prepare the journal entries to record the events on January 1 and December 31, 2018. Also calculate under the equity method X Ltd.'s share of net income and the amount it will recognize.
X Ltd. and Y Ltd. formed a joint venture on joint venture called XY Inc. on January 1, 2018. X Ltd. Invested contributed equipment with a book value of $600,000 and a fair value of $2,100,000 for a 50% interest in the joint venture. On December 31, 2018, XY Inc. reported a net income of $612,000. The equipment transferred has an estimated useful life of 20 years. Ignore taxes. What will be an ideal response?