The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
Answer:
the discount is for 60 dollars
therefore Simmons will pay 2,940 dollar for the inventory
Explanation:
From the invoice nominal we should remove the returned goods.
nominal 5,000
returns 2,000
balance: 3,000
commercial terms: 2/10 the discount is 2% if paid within 10 days
3,000 x 2% = 60 dollars
net cash disbursements: 3,000 - 60 = 2,940 dollars
Answer:
Land $80,900
Building $643,000
Explanation
Land
Demolition of old building $9,000
Sale of salvaged materials (1,100)
Legal fees (for title investigation of land) 3,000
Purchase price of land $70,000
Total $80,900
Building
Architect fees (for new building) 20,000
Building construction cost 600,000
Interest cost related to the construction 23,000
Total $643,000
Answer and Explanation:
$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.
Answer: State Law.
Explanation:
This dispute falls under the jurisdiction of state law and so that is what the court will use. This is unless the company established a profit-sharing agreement as per the Uniform Limited Liability Company Act (ULLCA) and the state that they are in is one of the 19 states and District that enacted the UCCLA.
As the company never established a profit agreement principle, this falls under State law which normally calls for the division of profits equally amongst partners.
