A ________ can be defined as the total profits in an industry at all points along the industry's value chain.

A. profit outsourcer
B. profit maximizer
C. revenue enhancer
D. profit pool


Answer: D

Business

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The Collins Company paid $1,050,000 to acquire 70% of Revsine Company's outstanding common stock on July 1, 2018. Revsine's balance sheet on the acquisition date reported net assets totaling $1,200,000. Revsine's land had a fair value which was $175,000 greater than book value, while the inventory's fair value exceeded its book value by $67,500. Immediately after the acquisition of the Revsine stock, Collins reported net assets of $5,785,000.Required: Determine the consolidated net assets total as of July 1, 2018. Determine the amount of noncontrolling interest to be reported on the July 1, 2018 balance sheet. How is the noncontrolling interest reported within the consolidated balance sheet? Assume that the acquisition method of accounting is applicable. 

What will be an ideal response?

Business

Site preparation costs include all of the following except

a. crane used to install equipment b. freight charges c. supplies d. reinforcement of the building floor

Business

Process capability analysis is a technique used to determine whether a process ______.

A. is able to meet a set of design specification limits B. falls within a set of control limits C. is compliant with government regulations D. is compliant with ISO requirements

Business

Blueprinting is a more sophisticated version of ____________

a. linear graphing b. flowcharting c. Cox & Snell analysis d. non-linear graphing e. cluster analysis

Business