Efficiently scheduling material and labor is an example of _______________

Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manu

Dovator [93]

Answer:

Crain Company's total taxes would decrease by $64,740

Explanation:

the income statement for the parent company:

total revenue $2,490,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $610,000

- taxes ($201,300)

net income $408,700

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,490,000)

- S&A costs ($199,000)

EBIT $801,000

- taxes ($368,460)

net income $432,540

total taxes paid = $201,300 + $368,460 = $569,760

if the parent company increases the selling price by 20%

the income statement for the parent company:

total revenue $2,988,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $1,108,000

- taxes ($365,640)

net income $742,360

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,988,000)

- S&A costs ($199,000)

EBIT $303,000

- taxes ($139,380)

net income $163,620

total taxes paid = $365,640 + $139,380 = $505,020

the parent company's total taxes would decrease by = $569,760 - 505,020 = $64,740

5 0

1 year ago

True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.

Alenkinab [10]

True - The tomato exhibits characteristics of a perfectly competitive market. Firstly, it is made up of many buyers and sellers. Secondly, all firms that partake in the trade do not control the market. Instead, they are price takers. As such, they sell tomatoes according to the prevailing market prices per unit of tomatoes. All firms also have a relatively small market share.

8 0

1 year ago

Read 2 more answers

Each of the following quality control policies and procedures is typical of ones that can be found in public accounting firms’ s

hammer [34]

Answer:

Quality Control Policies and Procedures and the Elements of Quality (SQCS 8):

1. Assign management responsibilities in such a manner that commercial considerations do not override the quality of work performed.

d. Human resources

2. Establish policies and procedures for resolving differences of opinion among firm personnel that arise during professional engagements.

a. Leadership responsibilities for quality within the firm (the tone at the top)

3. Develop policies and procedures to ensure that professionals are provided appropriate professional development opportunities.

d. Human resources

4. Review engagement documentation, reports, and the client’s financial statements.

f. Monitoring

5. Develop effective performance evaluation, compensation, and advancement procedures. Identify circumstances and relationships that create threats to independence and take appropriate action to eliminate those threats or reduce them to an acceptable level.

b. Relevant ethical requirements

6. Identify whether the firm possesses the competency, capability, and resources to appropriately serve a specific client.

c. Acceptance and continuance of client relationships and specific engagements

7. Devote sufficient resources to develop, communicate, and support the firm’s quality control procedures.

d. Human resources

8. Retain engagement documentation for a sufficient period of time to satisfy the needs of the firm, professional standards, laws, and regulations.

e. Engagement performance

Explanation:

According to SQCS 8, the firm must establish and maintain a system of quality control. The six elements of the system of quality control are:

a. Leadership responsibilities for quality within the firm (the tone at the top)

b. Relevant ethical requirements

c. Acceptance and continuance of client relationships and specific engagements

d. Human resources

e. Engagement performance

f. Monitoring

6 0

2 years ago

The purpose of ____________ is to increase an employee's ability to perform productively.

Alona [7]

The purpose of training and development is to increase an employee's ability to perform productively.
During training and development, the company could re-educate their employees so they can adapt to the situation that the companies face during it operation and increase its overall efficiency.

4 0

2 years ago

On January 3, 2018, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000

Helen [10]

Answer:

The gain/loss on the sale of the 15,000 shares is $20,000

Explanation:

The value of the investment as at the end of 2018 using the equity method is computed thus:

Note that 30% of 100,000 shares=30,000 shares

ending value =initial investment+share of profit-share of dividends

ending value =$1,500,000+($300,000*30%)-($100,000*30%)

ending value=$1560000

gain/(loss)=$800,000-($1560000 *15000/30000)

gain/(loss)=$20,000

6 0

1 year ago

Efficiently scheduling material and labor is an example of ________________ decisions