Discuss the percentage ownership acquired by the parent
Do you think the FASB made the correct decision in requiring consolidated financial statements to recognize all subsidiary's assets and liabilities at fair value regardless of the percentage ownership acquired by the parent?
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Tony and Susan are starting a retail business selling formal wear for men and women. They estimate profits and losses for the next five years to be: ($20,000), ($10,000), ($5,000), $10,000, and $50,000 respectively.
Conduct the Chi-Square goodness of fit hypothesis test at a 5% significance level to determine if her employees are satisfied with their position.
The annual precipitation amounts in a certain mountain range are normally distributed with a mean of 88 inches, and a standard deviation of 10 inches. What is the likelihood that the mean annual precipitation during 25 randomly picked years will
West Company sells its product for $60 per unit. During 2011, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $15.
Nomar Industries, Inc. operates in several lines of business, including the construction and real estate industries. While the majority of its revenues are recognized at point of sale.
In 2011, Masset sold 3,000 units at $300 each. Variable expenses were $210 per unit, and fixed expenses were $120,000. The same selling price, variable expenses, and fixed expenses are expected for 2012. What is Masset's break-even point in sales
Dye Company, at a sales level of 5,000 units, sales were $75,000, variable expenses total $40,000, and fixed expenses were $21,000. What is the contribution margin per unit?
A bicycle tire is filled to a pressure of 4.42 atm (65 psi) at a temperature of 120C. If the temperature of the tire increases to 330C, what is the pressure in the tire? Assume the volume of the tire is constant.
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