HE
Helmy Eissa
Answers (5)
HE
Answered
Virginia Corp. owned all of the voting common stock of Stateside Co. Both companies use the perpetual inventory method, and Virginia decided to use the partial equity method to account for this investment. During 2020, Virginia made cash sales of $400,000 to Stateside. The gross profit rate was 30% of the selling price. By the end of 2020, Stateside had sold 75% of the goods to outside parties for $420,000 cash.Prepare any 2021 consolidation worksheet entries that would be required regarding the 2020 inventory transfer.
On Jul 24, 2024
HE
Answered
If a smartphone manufacturing company uses a pull approach to build brand awareness, it is likely to:
A) charge different prices to its subsidiaries for the goods sold in global markets.
B) engage in gray market activity.
C) cultivate customer desires and expectations so the customer will demand more product.
D) use price-oriented promotions and give initial discounts on its products.
A) charge different prices to its subsidiaries for the goods sold in global markets.
B) engage in gray market activity.
C) cultivate customer desires and expectations so the customer will demand more product.
D) use price-oriented promotions and give initial discounts on its products.
On Jun 28, 2024
C
HE
Answered
Describe the elements of a formal business plan.
On Jun 24, 2024
At a minimum,a formal business plan should describe the basic concept of the business and outline its specific goals,objectives,and resource requirements.A plan to be submitted to banks or investors should include a summary of the business concept (including your product or service and its market potential).It also explains the mission and objectives of the business and provides full background information on the origins and structure of your venture.
The plan should also provide a complete but concise description of your products or services,along with data on your market and competition that will persuade investors that you can achieve your sales goals.Another objective of the plan is to summarize the background and qualifications of the key management personnel in your company.Your marketing strategy should also be described (including projections of sales and market share),and if your product requires design or development,you should explain those plans,as well.You should provide an operations plan that outlines the facilities,equipment,and labor needed for your business,and clearly identify any critical risks and problems associated with your plan.The plan must also include detailed financial projections and requirements (for the first three years of operation),and an exit strategy that explains how investors will be able to profit from their investment.
The plan should also provide a complete but concise description of your products or services,along with data on your market and competition that will persuade investors that you can achieve your sales goals.Another objective of the plan is to summarize the background and qualifications of the key management personnel in your company.Your marketing strategy should also be described (including projections of sales and market share),and if your product requires design or development,you should explain those plans,as well.You should provide an operations plan that outlines the facilities,equipment,and labor needed for your business,and clearly identify any critical risks and problems associated with your plan.The plan must also include detailed financial projections and requirements (for the first three years of operation),and an exit strategy that explains how investors will be able to profit from their investment.
HE
Answered
An HR analysis of the external environment consists of four steps.Which of the following is the first step?
A) scanning for changes and trends
B) monitoring for key indicators
C) analyzing core competencies
D) internal competency analysis
A) scanning for changes and trends
B) monitoring for key indicators
C) analyzing core competencies
D) internal competency analysis
On May 29, 2024
A
HE
Answered
Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials: 
During the year, the company completed the following transactions concerning direct materials:a. Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b. Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials variances for the year:
Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.
When the raw materials used in production are recorded in transaction (b) above, which of the following entries will be made?
A) ($900) in the Materials Quantity Variance column
B) ($900) in the Materials Price Variance column
C) $900 in the Materials Price Variance column
D) $900 in the Materials Quantity Variance column
During the year, the company completed the following transactions concerning direct materials:a. Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b. Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials variances for the year: Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation. When the raw materials used in production are recorded in transaction (b) above, which of the following entries will be made?A) ($900) in the Materials Quantity Variance column
B) ($900) in the Materials Price Variance column
C) $900 in the Materials Price Variance column
D) $900 in the Materials Quantity Variance column
On May 25, 2024
D