Signe offers to sell Thomas her textbook but conditions the sale on Thomas accepting the offer by March 1 . Signe may revoke the offer
a. before Thomas accepts the offer.
b. before March 1, whether or not Thomas has accepted the offer.
c. only after Thomas accepts the offer.
d. only after March 1.
a
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Explain the relationship between risk, the expected rate of return and the actual rate of return
What will be an ideal response?
Income, ethnic background, gender, and age are all examples of _____ segmentation bases.
A. geodemographic B. organizational C. demographic D. socioeconomic E. psychographic
On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of the combination, Stallion reported common stock outstanding of $200,000 and retained earnings of $150,000, and the fair value of the noncontrolling interest was $100,000. The book value of Stallion's net assets approximated market value except for patents that had a market value of $50,000 more than their book value. The patents had a remaining economic life of ten years at the date of the business combination. Stallion reported net income of $40,000 and paid dividends of $10,000 during 20X8.Based on the preceding information, which of the following is a consolidating entry needed to prepare a full set of consolidated financial statements at December 31,
20X8: A) Common Stock200,000 Retained Earnings150,000 Income from Stallion Co.40,000 Dividends declared 10,000Investment in Stallion Co. 285,000NCI in NA of Stallion Co. 95,000 B) Depreciation Expense5,000 Income from Stallion Co. 4,000NCI in NI of Stallion Co. 1,000 C) Common Stock200,000 Retained Earnings150,000 Income from Stallion Co.30,000 NCI in NI of Stallion Co.10,000 Dividends declared 10,000Investment in Stallion Co. 285,000NCI in NA of Stallion Co. 95,000D) Patents50,000 Accumulated Depreciation 10,000Investment in Stallion Co. 30,000NCI in NA of Stallion Co. 10,000 A. Choice A B. Choice B C. Choice C D. Choice D
The management of Plitt Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 55,000 machine-hours. Capacity is 67,000 machine-hours and the actual level of activity for the year is assumed to be 61,000 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $2,211,000 per year. It is assumed that a number of jobs were worked on during the year, one of which was Job Q20L which
required 410 machine-hours.If the company bases its predetermined overhead rate on capacity, what would be the cost of unused capacity reported on the income statement prepared for internal management purposes? A. $241,200 B. $217,475 C. $396,000 D. $198,000