Answer:
having lower overhead costs.
Explanation:
Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.
Therefore he had an opportunity to reduce his overhead cost.
Answer:
$6,000
Explanation:
The computation of the expected profit from this investment is shown below:
= Strong profit × Strong percentage + Moderate profit × moderate percentage - recession losses × recession percentage
= $60,000 × 20% + $10,000 × 60% - $60,000 × 20%
= $12,000 + $6,000 - $12,000
= $6,000
By adding the three situations we can get the expected profit from this investment
Answer:
Canon’s managers believe in Diversity growth.
good luck
Answer:
Inventory to be shown in balance sheet = $955000
<u>Explanation:</u>
According to the given data:
Fair value of Skywalker’s inventory = $255000
Fair value of Skywalker’s buildings and equipment is = $870000
Calculation of amount to be reported for inventory in consolidated balance sheet is as follows:
Inventory = ($700000 + $255000)
= $955000
Note: Inventory of parent company and subsidiary company is to be added in preparing consolidated balance sheet
Answer:
3.6
Explanation:
The receivables turnover for the year is calculated as;
= Net sales(credit sales) ÷ Average accounts receivables
Average account receivables
= ($200,000 + $220,000) ÷ 2
= $210,000
Therefore, Receivables turnover
= $750,000 ÷ $210,000
= 3.6