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Sauron [17]
2 years ago
13

Create, Inc., a domestic corporation, owns 100% of Vinyl, Ltd., a foreign corporation and Digital, Inc., a domestic corporation.

Create also owns 12% of Record, Inc., a domestic corporation. Create receives no distributions from any of these corporations. Which of these entities' net income is included in Create's income statement for current-year financial reporting purposes?
a.Create, Vinyl, and Digital.
b.Create, Digital, and Record.
c.Create, Vinyl, Digital, and Record.
d.Create, Vinyl, and Record.
Business
1 answer:
Bumek [7]2 years ago
6 0

Answer:

c.Create, Vinyl, Digital, and Record

Explanation:

The answer is

c.Create, Vinyl, Digital, and Record

Since Create Inc. which is a domestic corporation, owns 100% shares in two enterprises. One is Vinyl Ltd. which is a foreign corporation and the other is Digital Inc. which is a domestic corporation. And Create Inc. also happens to own 12% shares in a domestic corporation named Record Inc.

Now since Create Inc. owns shares in all the three corporations, all these corporations's net income will be included in the Create's income statement current-year financial report.

Thus the answer is

c.Create, Vinyl, Digital, and Record

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4. Explain examples of both professional and unprofessional communication.
lara31 [8.8K]

Answer:

Professional Communication: The term professional communication refers to the different forms of speaking, listening, gestures and writing to and fro in the workplace. It can be either in person or through emails or any other electronic communication.

Example: Listening carefully while someone is giving speech. Mobile on silent mode while in meeting.

Unprofessional Communication: The term unprofessional communication refers to the different forms of speaking, listening, writing and gestures in a casual manner which seems to be rude and not up to the mark.

Example: Verbally interrupting is an unprofessional method of not listening. Mobile phone rang in a meeting.


4 0
2 years ago
The ABC Company had its highest level of production in May when they produced 4,000 units at a total cost of $110,000 and its lo
lukranit [14]

Answer:

Fixed cost= $50,000

Explanation:

The high low method is the process by which highest level of activity ND lowest level of activity are comapred along with total cost at each level. Fixed and variable cost can be calculated using equations.

Variable cost= (Highest activity cost- Lowest activity cost)/(Highest activity unit- Lowest activity unit)

Variable cost= (110,000-87,500)/ (4,000-2,500)

Variable cost= 22,500/ 1,500= $15 per unit

Fixed cost= High activity cost- (Variable cost* High activity units)

Fixed cost= 110,000- (15*4,000)

Fixed cost= 110,000- 60,000

Fixed cost= $50,000

8 0
2 years ago
The following information is available for Bradshaw Corporation and Newell Corporation:Bradshaw CorporationNewell Corporation(in
Lera25 [3.4K]

Answer:

D)$1.32

Explanation:

For computing the earning per share, we need to apply the formula which is shown below:

= (Net income - preference dividend) ÷ (average of outstanding shares)

where,

Average of outstanding shares = (Beginning balance of outstanding shares + ending balance of outstanding shares) ÷ 2

The other items value will remain the same  

Now put these values to the above formula  

So, the value would equal to

= ($500,480 - 251,003) ÷ {(200,180 shares +180,150 shares ) ÷ 2}

=  $249477 ÷ 190165 shares

= $1.32

8 0
2 years ago
The key characteristic of organizational culture that addresses the degree to which people exhibit integrity and high ethical st
attashe74 [19]

Answer:

Integrity

Explanation:

Organizational culture consists of shared assumptions, values, and beliefs, which governs how people behave in organizations. These values determines how people behave in an organizational settings and there are different characteristics ranging from innovation, teamwork, stability etc. The main one that addresses degree people exhibit integrity and high ethical standards is Integrity.

8 0
2 years ago
We would expect the total utility of diamonds to be __________ than the total utility of water and the marginal utility of diamo
Gennadij [26K]

We would expect the total utility of diamonds to be <u>lower</u> than the total utility of water and the marginal utility of diamonds to be <u>higher</u> than the marginal utility of water.

<u>Explanation:</u>

The diamond-water paradox presents the puzzling predictions: while water is definitely essential to human existence because without water life can not function, the water price is relatively low. Alternatively, diamonds are actually far less essential to human life, but diamond prices are considerably higher. Thus the effectiveness obtained from water is evidently very high while the utility extracted from diamonds is considerably less.

Here total utility is the aggregate satisfaction of desires and needs gathered from the consumption of a good while marginal utility is the additional satisfaction of desires and needs received from the consumption of one additional unit of good.

7 0
2 years ago
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