The primary goal of an effective proposal is to sell an idea persuasively

Mickelson Company acquired an 80% interest in Footjoy on January 1, Year 1, for $1,200,000. The book value of Footjoy's identifiable net assets at that date was $900,000. One depreciable asset (10-year life) had a fair value that exceeded its book value by $100,000. Footjoy reported $60,000 of net income in Year 1 and paid $40,000 in dividends. What is the noncontrolling interest in NET INC for Year 1?

a. $14,000 b. $10,000 c. $0 d. $12,000

Lush Cosmetics Corp., a US-based firm, has recently started exporting cosmetics to India. Lush has introduced a new range of mineral-based makeup products for the first time in the Indian market. As Lush has no competitors in this segment of the Indian cosmetics market, it has set a very high price for its products in order to reach the premium, price insensitive segment of the market. This is an example of ___________.

A. penetration pricing policy B. price skimming C. cost based pricing policy D. psychological pricing policy E. bundling