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3 years ago

Preparing a consolidated income statement - with noncontrolling interest, but AAP or intercompany profits

Business

1 answer:

mrs_skeptik [129]3 years ago

8 0

Answer:

Consol. Income Parent Subsidiary Elimination entries Consolidated

statement Dr Cr

Sales 6000000 900000 6900000

COGS -4200000 -540000 -4740000

Gross profit 1800000 360000 2160000

Income (loss) 88200 0 88200 0

from subsidiary

Operating -1140000 -234000 -1374000

expense

Net income 748200 126000 88200 786000

Net income attributable to 37800 37800

non-controlling interests*

Net income attributable to Parent 748200

Workings:

Net income attributable to non-controlling interests = 126000*30% = 37800

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Ray Wilson is Quality Manager of the Tiffin, Ohio, plant of North-West Electric, a manufacturer of electrical components. Some N

Savatey [412]

Answer:

North-West Electric

Quality Department

If Ray decided to delayer his organization, what he would be doing is:

a. Reducing the number of job levels to achieve flexibility in assignments.

Explanation:

Delayering helps to cut some management layers from the organizational structure. It reduces the administrative costs of running the entire organization. Delayering helps the organization to make quicker decisions instead of following bureaucratic processes. It also increases the effectiveness and efficiency of the organization. Finally, it enables the staff to become more flexible and willing to step outside their established roles.

5 0

3 years ago

The __________ phase of the strategic marketing process usually results in a __________ that sets the direction for the marketin

Paraphin [41]

Answer:

C. planning; marketing plan

Explanation:

A marketing process is the establishment of goals for a marketing campaign. During the planning phase, you'll need to set your target customers and how to approach them, this will lead to specific and measurable goals to direct your next actions.

I hope you find this information useful and interesting! Good luck!

7 0

3 years ago

Is it possible for a company to initiate two products that target the same market that are not mutually exclusive?

Nutka1998 [239]

It is possible but there should be some type of criteria that needs to be met. For example, the market should have room for both products and the other important thing to have in mind is that the company must have sufficient resources in order to produce both products simultaneously.

4 0

3 years ago

If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 4

Lina20 [59]

Answer:

b) 350,000 pounds

Explanation:

The computation of the number of pounds purchased is shown below:

= Required production in January month + ending inventory in pounds - beginning inventory in pounds

= 410,000 pounds + 120,000 pounds - 60,000 pounds

= 350,000 pounds

We simply added the ending inventory and deduct the beginning inventory to the required production so that the accurate amount can come

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3 years ago

The following is a partially completed departmental expense allocation spreadsheet for Brickland. It reports the total amounts o

Ilia_Sergeevich [38]

Answer:

$8,319

Explanation:

Computation for the amount of Maintenance department expense to be allocated to Fabrication

First step is to calculate the total sum of square foot space

Using this formula

Total sum of square foot space = Fabrication square foot space + assembly square foot space

Let plug in the formula

Total sum of square foot space= 3,450 + 2,500

Total sum of square foot space= 5,950

Now let calculate the amount of Maintenance department expense to be allocated to Fabrication

Maintenance department expense = $ 19,800 × 2,500 ÷ 5,950

Maintenance department expense = $ 19,800 × 0.42017

Maintenance department expense = $8,319

Therefore the amount of Maintenance department expense to be allocated to Fabrication is $8,319

8 0

3 years ago