Answer: Goldman Sachs
Explanation:
If all shares rose by 5% in the value, the biggest contributor to the S&P 500 's upward movement would be the one with the highest weight from the listed options.
From the options listed, Apple has a weight of 4.955 , General Electric is not listed, Exxon Mobil has a weight of 2.1417 and Goldman Sachs has a weight of 5.1177.
Goldman Sachs has the largest weight and so would contribute the most.
Answer and Explanation:
The balances of the following items are as follows;
Inventory ($500,000 + $300,000 - $5,000) $795,000
Sales ($1,000,000 + $800,000 - $180,000) $1,620,000
Cost of goods sold ($500,000 + $900,000 + $5,000 - $180,000) $725,000
Operating expenses ($230,000 + $300,000 + ($78,000 ÷ 4 years) $549,500
Net income attributable to noncontrolling interest ($100,000 × 10% - $19,500 × 10% - $5,000 × 10% ) $7,550
The $5,000 comes from
= ($180,000 - $130,000) × 10%
= $5,000
