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1

Accounting Sep 24, 2020

1.Party Ltd owns all of the shares in Sunny Ltd. On 1 March 2020, Party Ltd sold inventories that cost $38,000 to Sunny Ltd for $44,000. At the end of the financial year, being 30 June 2020, a third of the inventories were sold by Sunny Ltd to entities external to the group. In relation to this intragroup transaction, which of the following statement is correct?

a. Consolidated profit will decrease by $4,000

b. Consolidated sales will increase by $44,000

c. Consolidated sales will decrease by $38,000

d. Consolidated profit will decrease by $6,000

2.When children substitute a sound for a target sound that they have not yet acquired, they will (if possible) substitute sounds that have the same or nearly the same place of articulation and voicing. O True O False Question 12 2 pts Which of the following words illustrates the child phonology process of gliding? input/lid, child output (jid) Input: /nalt/; child output: /nal/ Input /e/ child output (je Input/lid/; child output (tid

3.Why do you think religion causes so many conflicts and wars in the world when it is supposed to promote peace?

4. You are an engineer working for the city of Seoul. You have estimated the annual toll revenues from a newly proposed highway construction over 25 years as follows: An= ($2,500,000)(n)(1.08)-1 n= 1, 2, ...,25 To validate the bond, you were asked to provide the estimated total present value of the toll revenue at an interest rate of 8%. Assuming annual compounding, calculate the present value of the estimated toll.

Expert Solution

1.Correct: a. Consolidated profit will decrease by $4,000

  • Unrealized profits resulting from intra-group transactions included in the carrying amount of inventory is eliminated.
  • Profits from intra-group sales = Intra-group sales - cost = $44,000 - $38,000 = $6,000
  • Out of the $6,000 profit, 1/3rd is realized by the sale to external entities. 2/3rd of the inventory is remaining and unrealized profit included in its carrying value is to be eliminated.
  • Unrealized profit = $6,000 × 2/3 = $4,000
  • This elimination of unrealized profit will decrease consolidated profit by $4,000.

2.Here are your answers

1.answer

option 1.True

2.answer

Phonology is process of errors that occours in child at intial stages of Prononuctation

option d

lid = tid

3.Religious teachings tend to promote peace, love and understanding. But there are numerous religions and different beliefs, and it may cause the conflict and clashes. Moreover the manipulative leaders in politics often motivate the people inspire to wage wars and encourages on the heroic acts of self-sacrifice, however the religious beliefs teaches the power for peace, love and forgive, not to fight. Furthermore the invariably states or terrorists regard ‘their’ religion to be superior to others; and to confirm their sense of superiority invoke holy war. They violently defend their self-esteem on the name of religion.

4.Present value of estimated toll:

Annual Toll Receipts 2500000
Years 25
Rate 8%
PV Formula =PV(8%,25,2500000)
PV $26,686,940.47
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