Reference no: EM13920223
Akers Company, a 100% owned subsidiary of Muhs Corporation, sells inventory to Muhs at a 30% profit on selling price. The following data are available pertaining to inter-company purchases by Muhs:
Inter-company sales: Unsold at year end based on selling price:
2014: $ 9,600 2014: mce_markernbsp; 1,440
2015: $14,400 2015: $4,800
2016: $18,000 2016: $3,600
Akers' profit numbers were $84,000, $102,000 and $112,800 for 2014, 2015, and 2016, respectively. Muhs received dividends from Akers of $12,000 for 2014 and 2015, and $18,000 for 2016.
What is the balance in Equity Income for 2014?
a. $84,000
b. $82,560
c. $83,568
d. $74,400
|
Current economic and industry issues
: In order to help out the CEO, you need to prepare a six- to eight-page report that will contain the following information (including exhibits, but excluding your references and title page). Refer to the accompanying Excel spreadsheet (available th..
|
|
Monthly bank reconciliation
: The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover the theft, he understates the amount of the outstanding checks on the monthly bank..
|
|
What issues surfaced during the change process
: What were the problems/issues that lead to the change or the needs for change? Who were the various stakeholders involved in the change?
|
|
Appropriateness of the culture is clearly analyzed
: Describe the culture of an organization or organizational unit with which you are familiar, using concepts from the relevant text readings.
|
|
Subsidiary of muhs corporation
: Akers Company, a 100% owned subsidiary of Muhs Corporation, sells inventory to Muhs at a 30% profit on selling price. The following data are available pertaining to inter-company purchases by Muhs.
|
|
Name the most common professional certification
: Describe the general requirements for attaining this certification.
|
|
Informal proposals in style
: "Formal proposals differ from informal proposals in style.
|
|
What was the outcome of the change
: What was the outcome of the change? What did leadership do right, and what could have been done to make the change smoother or more successful?
|
|
Find unit costs for each product using conventional costing
: Suppose that Cooplan manufactures four products, W, X, Y and Z. Output and cost data for the period just ended are as follows. Prepare unit costs for each product using conventional costing and ABC.
|