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Rashid [163]
2 years ago
7

Monica, a new student at Valley High School, becomes friends with a group of teenagers who use marijuana and remain seated durin

g the singing of the National Anthem. Although Monica had never used marijuana and used to sing the Anthem, she begins to engage in the same behavior as her new friends. This is an example of
A. differential association.
B. conformity.
C. labeling.
D. both conformity and labeling.
Business
1 answer:
Fynjy0 [20]2 years ago
6 0

Answer:

B. conformity

Explanation:

Conformity is a term in psychology that describes the tendency of a person(s) to adopt the behaviour of the people around them or of the people in a group they belong to.

Monica adopted the behaviour of her group of friends.

Labelling theory postulates that individuals may adopt the characteristics of the labels people use to describe them and this may shape their identity.

Differential association theory states that people learn how to become criminals by interacting with people.

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TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at
statuscvo [17]

Answer:

Explanation:

Amount realized on sale:

Cash                                                                 $75,000

Purchaser’s note 675,000

                                                                                         $750,000

Adjusted basis (535,000)

Gain realized on sale $215,000

b. $215,000 gain realized ÷ $750,000 contract price = 28.67% gross profit percentage.

Cash received in year of sale:

Cash at closing                                             $75,000

August principal payment 33,750

                                                                                       $108,750

Gain recognized   (108750*28.67%) $31,179

A. Book gain                                     $215,000

Tax gain (31,179)

Book/tax difference                                       $183,821

B. $183,821 × 35% = $64,338 deferred tax liability

The excess of book gain over tax gain is a favorable difference.

6 0
2 years ago
On January 1, 20X9, Gulliver Corporation acquired 80 percent of Sea-Gull Company's common stock for $160,000 cash. The fair valu
rodikova [14]

Answer:

1. Amount of inventory:

D. $45,000

2. Amount of Goodwill:

A. $0

3. Total assets:

A. $720,000

4. Total liabilities:

C. $275,000

5.  Non-controlling interest:

C. $40,000

6. Consolidated Retained Earnings

A. $205,000

7. Stockholders' Equity:

$405,000

Explanation:

a) Data:

1. Balance Sheets

                                           Gulliver Corp.    Sea-Gull Corp.

                                                                     Book value   Fair value

Cash                                      $ 60,000        $ 20,000       $20,000

Accounts Receivable               80,000            30,000        30,000

Inventory                                  90,000            40,000        45,000

Land                                        100,000            40,000       60,000

Buildings and Equipment     200,000           150,000     150,000

Less: Acc. Depreciation         (80,000)          (50,000)      (50,000)

Investment in Sea-Gull Corp.160,000                                  

Total Assets                       $ 610,000       $ 230,000    $255,000

Accounts Payable               $ 110,000          $ 30,000     $30,000

Bonds Payable                       95,000              40,000       40,000

Unrealized gain on fair value                                            25,000

Common Stock                    200,000              40,000        0

Retained Earnings               205,000            120,000        0

Total Liabilities & Equity   $ 610,000         $ 230,000

3 0
2 years ago
A(n) ____ is a set of guidelines for helping a firm make ethical decisions:
vazorg [7]
A code of conduct is a set of guidelines for helping a firm make ethical decisions. It <span>states the principles and expectations governing the behavior of individuals and organizations in the conduct of internal auditing. Hope this answers the question.</span>
5 0
2 years ago
Midland Company buys tiles and prints different designs on them for souvenir and gift stores It buys the tiles from a small comp
MAXImum [283]

Answer:

The question is not complete,find below complete question:

Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months’ sales. The tiles cost $3 each and must be paid for in cash. The company has 28,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months:

January 11,900

February 18,700

March 13,600

April 14,700

May 10,300

June 7,100

Required: a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March.

Purchases in units  is 30,900 units

Purchases amount is $92,700

Explanation:

The purchases in January is the sales estimate plus the desired ending inventory minus the opening stock of inventory.

The desired closing inventory in the sense implies three months future sales units i.e February,March and April sales units.

Sales in January                                                         11,900

desired closing inventory(18,700+13,600+14,700)47,000

Total required units                                                   58,900

Opening stock of inventory                                       28,000

Total purchases                                                           30,900        

Total purchases in dollar terms=purchases units*sales price per unit

sales price per unit  is $3

total purchases in  dollar terms=$3*30,900=$92,700                    

8 0
2 years ago
Sarah is planning a party at a party hall. The meal option is $50 per person and includes the hall for free. The hall-only optio
Tomtit [17]

Answer:

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

Explanation:

given data

The meal option = $50 per person.

Hall free = $ 0 per person

total guest = 40

hall-only option = $1,500

external caterer = $30 per person

solution

when we go for meal option than hall free so total cost will be as

total cost = total guest  × $50 per person

total cost = 40 × $50

total cost = $2000

and

when we go for hall only option than total cost will be

total cost = total guest   × external caterer charge + hall-only option

total cost =  40  × $30 + $1500

total cost =   $2700

so

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

4 0
2 years ago
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