Business, 15.04.2020 15:50 timjape3g3z
Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% markup on cost. Information on these intercompany merchandise transactions is below: Inventory balance on Krockerās books, purchased from Jimmitz, January 1, 2020 $11,250 Inventory balance on Krockerās books, purchased from Jimmitz, December 31, 2020 10,250 Total sales revenue recorded by Jimmitz on merchandise sales to Krocker in 2020 1,500,000 Required a. Prepare the working paper eliminating entries related to these intercompany transactions at December 31, 2020. Description Debit Credit Answer Answer 2250 Answer 0 Answer Answer 0 Answer 2250 To eliminate the intercompany profit from Krocker's beg. Inventory. Answer Answer 1500000 Answer 0 Answer Answer 0 Answer 1500000 To eliminate intercompany sales and purchases. Answer Answer 2050 Answer 0 Answer Answer 0 Answer 2050 To eliminate the intercompany profit from Krockerās ending inventory. b. Krocker sold shoes containing Jimmitz
Answers: 3
Business, 21.06.2019 20:50
Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases
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Business, 21.06.2019 22:10
Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?
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Business, 22.06.2019 12:30
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
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Business, 22.06.2019 13:00
Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators
Answers: 1
Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% mar...
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