Blue company purchased 60 percent ownership of kelly corporation in 20x1. on may 10, 20x2, kelly purchased inventory from blue for $60,000. kelly sold all of the inventory to an unaffiliated company for $86,000 on november 10, 20x2. blue produced the inventory sold to kelly for $47,000. the companies had no other transactions during 20x2.

1. what amount of sales will be reported in the 20x2 consolidated income statement?
a. $51,600.
b. $60,000.
c. $86,000.
d. $146,000.
2. what amount of cost of goods sold will be reported in the 20x2 consolidated income statement?
a. $36,000.
b. $47,000.
c. $60,000.
d. $107,000.

3. what amount of consolidated net income will be assigned to the controlling shareholders for 20x2?
a. $13,000.
b. $26,000.
c. $28,600.
d. $39,000.

While studying for the engineering economy final exam, you and two friends find yourselves craving a fresh pizza. you can't spare the time to pick up the pizza and must have it delivered. "pick-up-sticks" offers a 1-1/4-inch-thick (including toppings), 20-inch square pizza with your choice of two toppings for $15 plus 5% sales tax and a $1.50 delivery charge (no sales tax on delivery charge). "fred's" offers the round, deep-dish sasquatch, which is 20 inches in diameter. it is 1-3/4 inches thick, includes two toppings, and costs $17.25 plus 5% sales tax and free delivery. 1. what is the problem in this situation? state it in an explicit and precise manner. 2. systematically apply the seven principles of engineering economy (pp. 3-6) to the problem you have defined in part (a). 3. assuming that your common unit of measure is dollars (i.e., cost), what is the better value for getting a pizza based on the criterion of minimizing cost per unit of volume? 4. what other criteria might be used to select which pizza to purchase?

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year