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iren2701 [21]
1 year ago
9

Recently it was announced that FC Cola Company was pursuing a merger with Lemon-Lime Soda Co. The proposed merger is expected to

result in $60 million of annual cost savings for the combined soda company and will provide additional market opportunities for each existing company. Assuming that the merger is consummated, it should be classified as which of the following types of business combinations?A. Vertical.
B. Diagonal.
C. Horizontal.
D. Circular.
Business
1 answer:
Helga [31]1 year ago
6 0

Answer:c horizontal

Explanation:

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On January 1, Year 1, Bacco Company had a balance of $72,350 in its Delivery Equipment account. During Year 1, Bacco purchased d
Maksim231197 [3]

Answer:

A.

Jan 1 balance 72,350

Add year 1 purchases $22,100

Total $94,450

Deduct the closing balance $69,400

Difference = sold equipment at Net Book Value = $25,050

Add accumulated depreciation to date = $22,000

Cost of equipment sold = $47,050.

B.

Cash flow from investing activities.

Cash received from sale of equipment (the Net book value + Gain in sales) = $30,050

Cash invested in purchase of new equipment -$22,100

Net cash flow from investing activities $7,950

5 0
2 years ago
In cell b17, enter a formula to calculate the amount budgeted for hotel accommodations. this amount is based on the # of nights,
Nimfa-mama [501]
I recently had this assignment and here are a couple of was to do this:

1st way (which is correct according to my grading):
= # of Nights*Hotel rate*(1+hotel tax rate)

2nd way (I got counted wrong for this one on my assignment):
=(hotel rate+(hotel rate*hotel tax rate))*Number of nights
3 0
2 years ago
Which of the following is not part of the flow of events in variance analysis: Multiple Choice
IrinaK [193]

Answer: a.Working to ensure that all variances are favorable.

Explanation:

Variance Analysis is an analysis of the difference between planned and actual numbers. For example of $599 was budgeted for bills but only $500 was paid, $99 would be the Variance.

Summing Variances up gives a picture of performance for a particular period of time in relation to if one has OVER -PERFORMED or UNDER-PERFORMED

The following are steps in Effective Variance Analysis Management

1. Identifying questions and their explanations

2. Preparing standard cost performance reports

3. Taking corrective and strategic actions

4. Computing and analyzing variances.

Option A is not included therefore it is the correct option.

If you require any further clarification do react or comment.

3 0
2 years ago
On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost
Ivenika [448]

The gross method of recording the sale is recording an account at its original price no deductions of the cash discounts offered.

Perpetual Inventory system bring up-to-date the inventory accounts when there is an acquisition or sale.

The journal entry would be:

Debit:


Accounts receivable 7,800 
Cost of goods sold 4,500

 

Credit:

Sales 7,800
Merchandise inventory 4,500

6 0
2 years ago
Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operati
dybincka [34]

Answer:

The difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

Explanation:

The net cash flow from operating activities is calculated after adding and deducting certain items and adjustments to net income to get operating cash flow.

First of all, the gains or losses from sale of fixed assets are adjusted, losses are added back and gains are deducted, to get income from operations.

All the non cash transactions that is unrealized gains or losses are eliminated.

Depreciation being non cash is added back.

All the changes in working capital is adjusted.

Increase in value of current assets are deducted, decrease in value of current assets are added, increase in current liability is added and decrease in current liabilities is deducted.

Thus, after all these adjustments the cash flow from operating activities is calculated.

In the given instance also, the difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

3 0
2 years ago
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