Answer:
Company Pea
Consolidated financial statements should be prepared to report the financial status and results of operations for:
Essone - 90%
Esstwo = 72% (90% x 80%)
Essthree = 72% (90% x 80% x 100%)
Explanation:
Company Pea is described as the holding or parent company of Company Essone. This means that Essone is Company Pea's subsidiary. In preparing consolidated financial statements to report the financial status and results of operations for Company Essone, Company Pea will consolidate 100% of Company Essone while accounting for noncontrolling interest of 10% (effectively 90%).
When Company Essone is consolidating its financial statements, it should consolidate 80% of Company Esstwo while Esstwo consolidates 100% of Company Essthree.
But since Essthree is also a subsidiary of Company Pea, Company Pea will consolidate Esstwo and Essthree's financials to the tune of 72% respectively, while consolidating 90% of Essone's.
Answer:
true statement and very helpful
Answer:
1. Asset turnover times.
=1.31 times
2. Return on assets. = 7.9%
3. Return on common stockholders’ equity =10.5%
Explanation:
Asset turnover
Asset turnover indicates how efficient a business in the use of asset to generate sales. The higher the number of times the better.
Asst turnover = Turnover /Total asset
= 757,500/577,100
=1.31 times
Return on Asset
Return on asset is measure of the percentage of asset earned as income. The higher the better
Return on assets = Net income/Assets
= 45,500/577,100× 100
= 7.9%
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<em>Return on Equity</em>
This measures the proportion of equity investment earned as net income. The higher the better
Return on Equity = Net income/Equity
Return on commons stockholders
= 45,500/433,400 × 100
=10.5%
1.) Out of the choices given here, a computer game that can be purchased online and played right away has good time utility. The other choices didn't seem to be a good fit for this particular question. The correct answer is D.
2.) Hours of labor or the number of workers are common ways of measuring a company's division of labor. The correct answer is A, division of labor.
Answer:
$ 184,650
Explanation:
Heffner Advertising Services Retained Earnings Statement For the Year Ended December 31, 2018
Retained earnings, January 1st, 2018 $180,650
Net Income$ 19,500
Dividends($23,500)
Change in retained earnings
($19,500- $23,500) $ 4,000
Retained earnings, December 31st, 2018
($180,650+$4,000) $ 184,650
Therefore Heffner Advertising Services Retained Earnings Statement For the Year Ended December 31, 2018 will be $184,650
