Consolidated net income for 20X4 is $20,530, and the noncontrolling interest income is $1,900.
To calculate the consolidated net income, we start with Sack Grain Company's net income of $19,000. Since Package Corporation owns 90% of Sack Grain Company, the share of net income attributable to Package Corporation is $19,000 * 90% = $17,100.
Next, we need to consider the amortization expense related to the excess fair value of $17,000. The annual amortization expense is $1,700 ($17,000 / 10 years). Since Package Corporation owns 90% of Sack Grain Company, the share of the amortization expense is $1,700 * 90% = $1,530.
Therefore, the consolidated net income is the sum of Sack Grain Company's net income and the share of amortization expense: $19,000 + $1,530 = $20,530.
As for the noncontrolling interest income, we need to calculate the income attributable to the noncontrolling interest. Since the noncontrolling interest owns 10% of Sack Grain Company, the income attributable to the noncontrolling interest is $19,000 * 10% = $1,900.Additionally, we need to consider the intercompany land sale. The profit on the intercompany land sale of $6,500 is eliminated in consolidation since it occurred within the consolidated group.
Learn more about net income: https://brainly.com/question/28390284
#SPJ11
WILL MARK BRAINLIST!
Why is it necessary to prepare a Trial Balance?
A Trial Balance is prepared to check whether the debit balance ___ the credit balance, which is the primary goal of accounting?
Answer:
Hello! Your answer shall be, BELOW
Explanation:
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?
Hope I helped! Ask me anything if you have any questions. Brainiest plz!♥ Hope you make a 100%. Have a nice morning! -Amelia♥
Answer:
Equals
Explanation:
if sarah uses her debit card to purchase movies over the internet, then the money to pay the retailer will come from: group of answer choices sarah's m2 funds. the smart card company's m1 funds. the smart card company's m2 funds sarah's m1 funds.
The smart card company's m1 funds. Currency, demand deposits, and other liquid deposits, such as savings accounts, are all included in the m1 measure of the money supply.
Which forms of currency are included in M1?Currency, demand deposits, and other liquid deposits make up m1, which is made up of the most liquid types of money. Share draft accounts, ATS and NOW accounts, as well as savings deposits, are examples of additional liquid deposits. Small-denomination time deposits and retail money market funds are included in m2's non-m1 components.There are various definitions for how much money is: m1 comprises cash and funds from checking accounts (demand deposits). Traveler's checks, another element of m1, are becoming less common. Savings deposits, time deposits like certificates of deposit, and money market funds are also included in m2, in addition to m1.To learn more about Demand deposits refer to:
https://brainly.com/question/4182382
#SPJ4
What does the government provide to businesses?
the relationship between stockholders and management can best be described as a(n) blank relationship.
The relationship between stockholders and management can best be described as a(n) Agency relationship.
What is an agency relationship?An agency relationship is a type of business relationship where someone is hired to act in the best interest of the other. The person who is hired is the agent and the other person is the principal.
In a stockholder and management relationship, the stockholder is the principal who has hired management as an agent to safe guard their interests.
Find out more on Agency relationships at https://brainly.com/question/26253714
#SPJ1
The principal participants in in the financial markets areA. borrowers, savers, financial institutions.B. mutual finds, hedge funds, investment bankers.C. dealers, brokers, regulators.D. businesses, banks, government
The financial markets are a crucial part of our modern economy, enabling the efficient transfer of funds between borrowers, savers, and financial institutions.
Participants in the financial markets range from mutual funds, hedge funds, and investment banks, all of which are seeking to buy, sell, and trade securities.
They are joined by dealers, brokers, and regulators who provide oversight and liquidity to the markets. Businesses, banks, and governments are also frequent participants in the financial markets, either by issuing debt securities to borrow money or by purchasing equity securities to finance operations.
By efficiently matching borrowers and lenders, the financial markets help to direct capital to its most productive uses, fueling economic growth and development.
Know more about financial markets here
https://brainly.com/question/13191010#
#SPJ11
The research division of a large consumer electronics company has developed a prototype of a radio that management has decided to produce if the IRR exceeds 11%. Production costs in the current period will be $1,399,100. The radios will produce a cash flow of $500,000 a year for 4 years. Use the IRR rule to determine if the project is acceptable.
The IRR of the project is approximately 13.95%, which exceeds the minimum required rate of return of 11%. Therefore, the project is acceptable based on the IRR rule.
To determine the IRR of the project, the present value of the cash flows must be calculated and the discount rate that makes the net present value equal to zero must be found.
Using a financial calculator or spreadsheet software, the IRR of the project is approximately 13.95%, which is greater than the minimum required rate of return of 11%.
This means that the project is expected to generate a return that is greater than the cost of capital and is therefore acceptable based on the IRR rule.
For more questions like Capital click the link below:
https://brainly.com/question/29946431
#SPJ11
Which state has the most progressive overall tax system?
The state with the most progressive overall tax system is California. The tax system in California includes a progressive income tax structure with higher rates for higher income earners, which helps make it more progressive compared to other states.
The state with the most progressive overall tax system is generally considered to be California. This is because California has a relatively high state income tax rate for higher earners, a high sales tax rate that applies to all consumers, and a progressive property tax system that taxes higher-value homes at a higher rate. Additionally, California has a number of targeted tax credits and deductions that help to reduce the overall tax burden for lower-income residents. Overall, California's tax system is designed to be more progressive than many other states, which makes it a popular destination for people looking for a more equitable tax system.
learn more about tax system here:
https://brainly.com/question/12416177
#SPJ11
Carolina accepted her first job and moved out of her parents' house and into an apartment. What is most likely to be important from now on to keep her credit healthy?
a
Her rental history
b
Her salary
c
Her taxes
d
Her job benefits
Effects of an active or passive policy The following graph shows the aggregate demand curve (AD), the short-run aggregate supply curve (SRAS), and the long-run aggregate supply curve (LRAS) for a hypothetical economy. Which of the following policies would advocates of an active approach choose to close the gap on the initial graph?Check all that apply
a. An increase in the money supply
b. An increase in the reserve set by the Federal Reserve
c. An increase in government spending d. A decrease in taxes
Advocates of an active approach would choose the following policies to close the gap on the initial graph:
a. An increase in the money supply: Increasing the money supply can stimulate aggregate demand by lowering interest rates and encouraging borrowing and spending. This can help close the gap between aggregate demand and aggregate supply.
c. An increase in government spending: Increasing government spending directly injects demand into the economy, stimulating economic activity and closing the gap. Government spending can lead to increased consumption and investment, boosting aggregate demand.
d. A decrease in taxes: Reducing taxes puts more disposable income in the hands of individuals and businesses, increasing their purchasing power. This can stimulate spending and aggregate demand, helping to close the gap.
Advocates of an active approach believe that active monetary and fiscal policies can be used to actively manage and stabilize the economy, particularly in times of recession or when there is a significant output gap.
To know more about active approach :
https://brainly.com/question/29439253
#SPJ4
Define store records
Answer:
this is an important document that helps an organisation to determine the rate of use of raw materials
A company is considering buying a component part that they currently make using some existing equipment. relevant costs to this sourcing decision include blank_____.
a. outside purchase price variable b. overhead allocated general c. overhead equipment depreciation charges
In the given scenario, a company is considering purchasing a component part instead of making it in-house. The relevant costs to this sourcing decision include:
a. Outside purchase price (variable)
b. Overhead allocated (general)
c. Overhead equipment depreciation charges
a. Outside purchase price (variable):
This cost refers to the price the company would pay to acquire the component part from an external supplier. The purchase price is typically considered a variable cost since it directly varies with the quantity of parts purchased.
The company would compare this cost to the cost of producing the component internally to determine which option is more cost-effective.
b. Overhead allocated (general):
Overhead costs encompass expenses incurred by the company that are not directly attributable to a specific product or process but are necessary for overall operations. These costs include items like facility rent, utilities, administrative salaries, and other general expenses.
When making the sourcing decision, it is important to allocate a fair share of these overhead costs to each alternative being considered. This allocation ensures that both internal and external production options bear their appropriate portion of the company's overhead expenses.
Allocating overhead costs helps provide a more accurate representation of the total costs associated with each option.
c. Overhead equipment depreciation charges:
This cost specifically pertains to the depreciation of equipment that is used in the production process of the component part. Depreciation represents the gradual reduction in the value of an asset over its useful life. In the context of the sourcing decision, the company needs to consider the depreciation charges associated with the equipment used in producing the component in-house.
This cost reflects the wear and tear on the equipment and its eventual replacement or upgrade. It is important to factor in depreciation expenses to accurately assess the total costs of internal production and compare it to the outside purchase price.
To learn more about sourcing, refer below:
https://brainly.com/question/14701037
#SPJ11
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
What does bugs bunny like to eat?
Answer:
Carrots
Explanation:
.....
Marketing, sales, and service careers are easy to spot! You’ve seen and heard thousands of sales messages in your life. In your opinion, what makes a sales message effective, and what makes one ineffective? Explain what kinds of skills you think you would need to create successful marketing or sales pieces.
The things that makes a sales message to be effective is the convincing tone, and what makes one ineffective is not been convincing.
What is sales message?The sales message can be described as the message that is been used by the company so as to be able convince the potential buyers as well was the existing buyer about the product and the services of the company, however this message help to draw the attention of the customers to the company.
In conclusion, the sales message is very essential as a way the company can get along with the customer as well as the potential customer.
Learn more about sales message at:
https://brainly.com/question/23927499
#SPJ1
NOTE; This is a complete question , no given option , even on the internet.
Which of the following is essential for a firm to gain a sustained competitive advantage over its competitors?
Answer:
Down Below
Explanation:
The resources must be valuable, rare, imperfectly imitable, and non-substitutable.
Name and briefly describe the quantitative methods of control (ABM)
Mathematical and statistical techniques are the two main categories of quantitative management methods.
What is quantitative management?Computers and mathematical methods are used in quantitative management to sort through financial statistics and choose stocks. Managers use previous quantitative linkages they have observed to inform "models" that aid in stock selection.
Screening is the process of examining historical information on businesses using a computer. A quantitative manager may develop a program to screen 2,000 stocks based on a specific set of traits or criteria.
The manager might prove, for instance, that historically, stocks with low price-to-earnings ratios and rapid earnings growth during the previous two years outperformed the market the following year.
The simplicity of using a model once it is established is the obvious advantage. Given the constantly shifting landscape of the financial markets, developing the model is the challenging aspect.
It might be challenging to incorporate enough adaptability into a model in quantitative management without adding too many additional variables.
Learn more about quantitative management, here
https://brainly.com/question/28425662
#SPJ6
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
To learn more about revenue here:
https://brainly.com/question/8645356
#SPJ1
Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.
Answer: Contract is voided
Explanation:
From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.
We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.
A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.
A _____ is a person who does a job for a specified time period, usually less than six months. For example, some agricultural workers are often employed only for harvesting. Entrepreneur job sharing flexible work hours temporary employee
Answer:
Temporary employee.
Explanation:
A temporary employee is a person who does a job for a specified time period, usually less than six months. For example, some agricultural workers are often employed only for harvesting.
Basically, a temporary employee refers to an individual who is employed by an organization based on the specific requirements and needs of the organization and the job is typically limited to a specific period of time. Thus, once the agreed upon time elapse, the employee's service will no longer be needed and as such its terminated.
This type of employment is a contractual agreement between the employee and the employer for he or she to be employed for a limited period of time.
Answer:
Temporary Employee
Explanation: I took the test and got all of the answers right.
What does a risk mean in regard to investments?
A. Uncertain outcomes
B. Certain outcomes
C. High rate of return
D. Low rate of return
E. Both A and C
regard to investments?
F. Both B and D
Every investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.
What are risk mean in regard to investments?
It is the possibility of losing the money invested if the security's fair price drops. Higher returns are offered by riskier securities. Market risk is a major component of the risk, but it is not the only one. Other risk categories include inflation risk, reinvestment risk, and credit risk, among others. For instance, market circumstances might influence the value of your investment to increase or decrease (market risk).
Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks may be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which may be influenced by a variety of causes.
Learn more about investments:
https://brainly.com/question/15353704
#SPJ1
Some companies positively harness the power of rumors to multiple choice instill false confidence in investors. replace formal communications. create buzz about a new product launch. deflect interpersonal conflicts. achieve the boundaryless organization.
Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.
What are rumors?Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.
In conclusion, In certain cases, corporations use the power of rumors to promote a new product introduction.
Read more about rumors
https://brainly.com/question/13651248
#SPJ1
Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
To know more about net return
https://brainly.com/question/1789817
#SPJ11
Select a product of your company. Gather historical data of monthly demand for a period of 5 years. Plot the data on a graph and determine the method that should be used for forecasting. Justify the use of the method. Develop a forecasting model and perform forecasting.
**please provide answer using Time series method** (Subject - PPC)
Assume that what has occurred in the past will continue to occur in the future
Relate the forecast to only one factor - time
Include
–moving average
–exponential smoothing
-linear trend line
A forecasting model was developed based on the historical data of monthly demand for a period of 5 years of a product of the company. Time series method was used for forecasting.
For this question, the time-series method will be used for forecasting. Time series analysis assumes that what has occurred in the past will continue to occur in the future. The time series model is the process of making forecasts based on historical data over time, assuming that what has occurred in the past will continue to occur in the future. Relating the forecast to only one factor - time. Time series forecasting models are usually based on two main assumptions. Firstly, past behavior is a good indicator of the future.
Secondly, variations from the average are random and can be determined. Two methods of time series forecasting were used, i.e., moving average and exponential smoothing. The historical data for a period of 5 years was gathered and plotted on a graph for analysis and interpretation.
The line chart showed the data plotted against time. The forecasting method that was used is based on the average of recent demand values, which are a weighted average in the case of exponential smoothing.
This is because the pattern that we see in the demand data is random, but can be represented as a weighted average of the recent demand data. This is why time series methods are so useful when dealing with random data that has some underlying pattern.
To learn more about historical data visit:
https://brainly.com/question/32523049
#SPJ11.
How do you write an effective policy memo?
To write an effective policy memo, Identifying the purpose and audience, Providing a clear and concise summary, Providing background information, Presenting your recommendations and Providing a conclusion is very important.
Identify the purpose and audience: Before you begin writing, you need to identify the purpose of the memo and the audience you are writing for. This will help you tailor your message appropriately and ensure that you are addressing the right peopleProvide a clear and concise summary: Start with a clear and concise summary that outlines the main points of the memo. This should be no more than a few sentences and should provide the reader with a quick overview of what they can expect to read in the memo.Provide background information: In order to provide context and help the reader understand the issue at hand, you should provide some background information on the topic. This can include relevant statistics, historical information, and other relevant data that will help the reader understand the issue.Present your recommendations: After providing background information, you should present your recommendations. These should be clear and specific and should be based on your analysis of the issue at hand.Provide supporting evidence: In order to convince the reader that your recommendations are sound, you should provide supporting evidence. This can include data, case studies, and other relevant information that supports your argument.Address potential objections: Anticipate potential objections to your recommendations and address them in the memo. This will help you build credibility and demonstrate that you have considered all angles of the issue.Provide a conclusion: End the memo with a clear and concise conclusion that summarizes your main points and reiterates your recommendations.Use clear and concise language: Finally, it is important to use clear and concise language throughout the memo. This will make it easier for the reader to understand your message and will help you convey your ideas more effectively.For more such questions on memo
https://brainly.com/question/30395938
#SPJ4
an economics graduate student in the united states earns an $18,000 stipend per year. the u.s. sees significant inflation. how might the student react?
US business students earn $18,000 in scholarships annually. There is massive inflation in the US. students respond by asking for an increase in the cost of living on scholarships.
What is inflation and its causes?The rate of price growth over a period of time is known as inflation. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.
There are three main causes of inflation: Demand pull, Cost increase. Inflation expectations.
Who benefits from inflation?Historically, collectibles such as fine art, wine, and baseball cards can benefit during periods of inflation when the dollar loses purchasing power. When inflation is high, investors often look to real assets that are likely to retain value through market volatility.
To learn more about inflation visit:
https://brainly.com/question/29308595
#SPJ4
Answer:
D) Ask for a cost-of-living increase to her stipend
Explanation:
I got it right on the test
a foreign security held in foreign branches of u.s. bank is a(n): a adr b libor c eurodollar deposit d banker's acceptance
a foreign security held in foreign branches of u.s. bank is a ADR (American Depository Receipt).
A foreign security held in foreign branches of a U.S. bank can be traded on U.S. exchanges through an ADR, which represents ownership of shares in the foreign company. LIBOR (London Interbank Offered Rate), Eurodollar deposit, and banker's acceptance are all financial terms but are not relevant to the question.
What is American Depository Reciept?
An American Depositary Receipt (ADR) is a financial instrument used to facilitate the trading of shares of non-U.S. companies on U.S. stock exchanges. It represents ownership in a foreign company and is denominated in U.S. dollars. ADRs allow investors in the United States to invest in foreign companies without needing to directly purchase shares on international stock exchanges.
To learn more about ADR visit-
https://brainly.com/question/28287963
#SPJ11
please help me anyone
Answer:
i believe its a
Explanation:
hope it helps!!
Answer: It is A
Because Hard Skills are the Technical Skills used to perform daily job functions because Hard Skills allow you to perform a job that include mathematical calculations, equations, Computer engineering, Testing, equations, etc. Good Luck on you Quiz and Hope this Helped!
What encourages
people to buy
shares in the
ownership of a
private limited
company?
When setting prices of products, businesses want to make sure they can
cover their costs and make
A. a markup
B. an allowance
C. a discount
D. a profit
Answer:
When setting prices of products, businesses want to make sure they can cover their costs and make:
D. a profit
The setting prices of products, businesses want to make sure they can cover their costs and make a profit. Thus, option (d) is correct.
What is businesses?The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The business is the main motive for earning the profit. Businesses are increasing productivity as a result of rising profits. From the location to the facilities such as medical facilities, proper furniture, employee liberty of work, training, internet facilities, and furniture, etc., businesses are improving. The cost plus extra amount is called the profit.
As a result, in the setting prices of products, businesses want to make sure they can cover their costs and make a profit. Therefore, option (d) is correct.
Learn more about on businesses, here:
https://brainly.com/question/15826604
#SPJ2
evaluation of the contractor’s schedule submittal should be limited to what three principal concerns
Evaluation of the contractor's schedule submittal should be limited to three principal concerns to ensure that the project stays on track and is completed within the specified timeframe.
These three principal concerns include:
Accuracy: The schedule submittal should be evaluated to ensure that it accurately reflects the scope of work, the sequencing of activities, and the duration of each activity. The schedule should also take into account any potential delays or disruptions that may impact the project timeline.
Feasibility: The schedule should be evaluated to ensure that it is feasible and can be realistically achieved within the specified timeframe. The schedule should be assessed to determine if it includes adequate time for testing, inspection, and quality control activities, and if it allows for proper coordination between contractors and subcontractors.
Compliance: The schedule should be evaluated to ensure that it complies with any contractual or regulatory requirements. This includes any specific deadlines or milestones that are outlined in the contract, as well as any applicable building codes or safety regulations.
By limiting the evaluation of the contractor's schedule submittal to these three principal concerns, it ensures that the project is completed on time and within budget, while also ensuring that the quality of the work is not compromised.
For more such questions on contract projects
https://brainly.com/question/13771471
#SPJ4