James corporation owns 80 percent of carl corporation's common stock. during october, carl sold merchandise to james for $240,000. at december 31, 40 percent of this merchandise remains in james's inventory. gross profit percentages were 30 percent for james and 40 percent for carl. the amount of intra-entity gross profit in inventory at december 31 that should be eliminated in the consolidation process is

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

Emil motycka is considered an entrepreneur because

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?