Roscoe Corporation owns 85% of Vintage Corporation and 25% of Waxtin Corporation. Vintage owns 60% of Waxtin. Each corporation has only one class of stock. The three corporations form a(an)
A) parent-subsidiary controlled group.
B) brother-sister controlled group.
C) combined controlled group.
D) unrelated group of corporations.
A) parent-subsidiary controlled group.
Roscoe owns at least 80% of Vintage and is the parent of the Roscoe-Vintage parent-subsidiary controlled group. Roscoe and Vintage together own at least 80% of Waxtin so Waxtin is also a subsidiary in this group.
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Jessica, a minor, rented an apartment in Greenwich Village for $500 a month. She signed a one-year lease. After living there for three months, Jessica decided to move to another apartment complex. She is liable for the reasonable value of three months' rent at Greenwich Village, but not for the remaining nine months' rent. This is in accordance with the ________ provision of capacity to contract by minors.
A. emancipation B. disaffirmation C. necessaries D. adjudication
Jane, the manager of a bookstore at Warren Wilson College, hires additional employees during the first few weeks of each semester but does not clearly define their responsibilities. Hence, during busy times, the students end up waiting for more than ten minutes to check out because there are not enough clerks ringing up sales. Some students get frustrated and leave without buying. This situation indicates a
A. delivery gap. B. brand gap. C. communication gap. D. research gap. E. standards gap.
?A list of all possible outcomes of an experiment is called the
A. ?sample space. B. ?sample point. C. ?event. D. ?likelihood set.
Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MoldingFinishingTotalEstimated total machine-hours (MHs) 4,000 1,000 5,000Estimated total fixed manufacturing overhead cost$19,600$2,400$22,000Estimated variable manufacturing overhead cost per MH$1.10$2.10 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job AJob MDirect materials$13,600$7,500Direct labor cost$20,700$7,400Molding machine-hours 2,700 1,300Finishing machine-hours 400 600 Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: A. $20,788 B. $72,758 C. $51,970 D. $80,034