Parker, Inc., acquires 70 percent of Sawyer Company for $420,000.

The remaining 30 percent of Sawyer's outstanding shares continue to trade at a collective value of $174,000.

On the acquisition date, Sawyer has the following accounts:

Book Value Fair Value
Current assets $ 210,000 $ 210,000
Land 170,000 180,000
Buildings 300,000 330,000
Liabilities (280,000 ) (280,000 )
The buildings have a 10-year life.

In addition, Sawyer holds a patent worth $140,000 that has a five-year life but is not recorded on its financial records.

At the end of the year, the two companies report the following balances:

Parker Sawyer
Revenues $ (900,000 ) $ (600,000 )
Expenses 600,000 400,000
a. Assume that the acquisition took place in January.

1. What figures would appear in a consolidated income statement for this year?

b. Assume that the acquisition took place on April 1.

Sawyer's revenues and expenses occurred uniformly throughout the year.

What amounts would appear in a consolidated income statement for this year?

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Ok, so, theoretical question: if i bought the mona lisa legally, would anyone be able to stop me from eating it? why or why not?

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)