Murray Plc owns 60% of the equity share capital of Federer Ltd. For the year ended 31 December 20X6 Federer reported profit after tax of pound200,000. During the year Federer had sold goods to Murray Plc for pound60,000 at cost plus 25%. At the year-end 70% of these goods were unsold. What is the profit attributable to the non-controlling interest in the consolidated statement of comprehensive income for the year ended 31 December 20X6?
Answers
Answer:
$76,640
Explanation:
The solution of profit attributable to the non-controlling interest is provided below:-
Percentage of equity share capital = 100% - Equity share capital percentage
= 100% - 60%
= 40%
As we know that if profit percentage is 25% on cost so sale percentage is equals to 20%
So,
Profit on sale value = Sale percentage × Sale value
= 20% × $60,000
= $8,400
now,
Total adjust profit = Profit after tax - Unrealized profit on unsold stock
= $200,000 - $8,400
= $191,600
and, after the total adjust profit finally
Profit attributable to the non-controlling interest = Total adjust profit × Percentage of equity share capital
= $191,600 × 40%
= $76,640
Related Questions
8. A random student taking an analytics midterm has a 10% probability (or 0.10) of passing the exam. You, having actually attended the analytics classes, have a probability of 90% (or 0.90) of passing your analytics midterm. Of all students who pass the analytics midterm, 25% (or 0.25) receive an A. Assuming you pass your midterm, what is the probability you will receive an A?
Answers
The probability of successfully completing the makeup exam decreases to 0.20.
What is the formula for probability?In most cases, the probability is the ratio of the total number of outcomes in that sample space to the number of favorable outcomes. Probability of an event is expressed as P(E) = (Number of favorable outcomes) (Sample space). Simply put, probability is the likelihood of something occurring. We can discuss the probabilities—how likely certain outcomes are—when we are uncertain about an event's outcome. Statistics is the scientific study of probabilistic events. A number that indicates how likely an event is to occur is known as the probability of the event in science. It is expressed as a number between 0 and 1 or as a percentage using percentage notation between 0% and 100%. The higher the probability, the more likely the event is to occur. It is impossible for an event to occur; the probability of an event occurring is 1.
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purchase goods worth rs 20000 from Shyam on credit and paid 50% in cash
Answers
Answer:
Purchases a/c dr 20000
To cash a/c 15000
To Ram's a/c 5000
The free-look provision gives the policyowner
the right to return the policy for a partial refund within a specified number of days
the right to contest the terms of the policy
the right to change a policy provision
the right to return the policy for a full refund within a specified number of days
Answers
The free-look provision is a clause in an insurance policy that allows the policyholder to return the policy to the insurance company within a specified number of days for a full refund. This is also known as the right to examine the policy.
The period during which the policyholder can return the policy is known as the free-look period.The free-look period varies from one state to another and from one type of policy to another. For example, in California, the free-look period for life insurance policies is 10 days. In some other states, it may be longer or shorter. The free-look period usually starts from the date the policy is issued or delivered to the policyholder. During this period, the policyholder can examine the policy in detail, review the terms and conditions, and decide if they want to keep it or return it for a full refund. If the policyholder decides to return the policy, they must notify the insurance company in writing within the specified period and return the policy documents to the company. The insurance company will then issue a full refund of the premium paid by the policyholder. It is important to note that the free-look provision is designed to protect the policyholder's interests. It gives the policyholder the opportunity to review the policy, ask questions, and make an informed decision about whether to keep it or return it.For such more questions on free-look
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The free-look provision provides policyholders with the right to return their insurance policy for a full refund within a set period, usually ranging from 10 to 30 days.
Explanation:The free-look provision gives the policyholder the right to return the policy for a full refund within a specific number of days. This policy feature exists in insurance contracts to provide policyholders with a period to thoroughly review the agreement.
The exact duration of the free-look period varies from jurisdiction to jurisdiction but typically runs from 10 to 30 days. It allows the policyholder to terminate their policy without penalties and to receive a full refund of any premiums paid during this timeframe.
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successfulness of the competition policy in South Africa
Answers
Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
Answers
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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How much is GDP increased if MPC is .8 and new spending is $90,000?
a. 640,000
b. 520,000
c. 450,000
Answers
Answer:
B
Explanation:
250,000
Bruv, Help! How do I convince my strict parents to get me LED lights for my room??
Answers
Answer: Well, if your parents say no, then that's no, but you can just ask nicely, "May i have LED lights in my room, i really like them, and i would appreciate it if im allowed to but i understand if i can't."
Explanation:
Explanation:
Tell them as a student you need it in learning . like you need them whenever you are learning at dawn
The following are correct statements related to the Marginal Cost concepts,
EXCEPT:
a. Marginal Cost is the extra cost incurred by adding one extra unit of production.
b. Marginal Cost is always higher than Average Cost.
c. Marginal Cost initially declines and eventually increases as more units as
produced.
d. Total Cost at certain level of production is the aggregation of Marginal Cost
values for the units produced.
Answers
Option (b), which states that marginal cost is always more than average cost, is the correct choice.
Is the gap between average and marginal costs always smaller?Marginal cost is lower than average cost when typical cost is falling as output rises. Marginal cost is higher than average cost when average cost is growing. Marginal cost is equal to average cost when average cost is neither increasing nor decreasing (at a minimum or maximum).
The marginal cost is lower than the average cost as the average cost drops. The marginal cost is higher than the average cost when the average cost rises. The marginal cost is equal to the average cost when the average cost remains constant (at a minimum or maximum).
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Please i need an answer
Answers
Answer:I need points
Explanation: by 7-4p 4
Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 10.3 kilos $ 7.80 per kilo Direct labor 0.3 hours $ 38.00 per hour Variable overhead 0.3 hours $ 7.80 per hour The company reported the following results concerning this product in August. Actual output 5,000 units Raw materials used in production 30,830 kilos Purchases of raw materials 33,400 kilos Actual direct labor-hours 1,110 hours Actual cost of raw materials purchases $ 213,920 Actual direct labor cost $ 24,536 Actual variable overhead cost $ 9,340 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for August is:
Answers
Answer:
Variable manufacturing overhead rate variance= $677.1 unfavorable
Explanation:
Giving the following information:
Standard:
Variable overhead 0.3 hours $ 7.80 per hour
Actual output 5,000 units
Actual direct labor-hours 1,110 hours
Actual variable overhead cost $ 9,340
To calculate the variable overhead rate variance, we need to use the following formula:
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 9,340/1,110= $8.41
Variable manufacturing overhead rate variance= (7.8 - 8.41)*1,110
Variable manufacturing overhead rate variance= $677.1 unfavorable
6.
Question 6
Please state which of the below concepts describe how well a market offering fulfills customer needs.
1 point
Brand feelings
Brand imagery
Brand salience
Brand performance
Answers
Answer:
Brand performance
Explanation:
Brand performance is the concept that compares and contrasts the goals a brand sets and how it meets those targets.
Therefore, brand performance is the concept that describe how well a market fulfills customers needs.
The answer is D
You are on the team of executives at Star Bank. You have been meeting as a team to discuss
the future of the bank, including big picture goals of how to grow the company. What type of
planning is this?
Answers
Strategic planning is the type of planning that involves the meeting on the future of the company and its goals.
What is strategic planning?This is the type of planning that has to do with the strategic planning of specific business goals in an establishment and how to implement the plans.
This is the way that the company would define the goals that they have and how to achieve their plans.
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Rita is a registered dietician. What does her work entail
Answers
Rita is a registered dietician. does her work entail making recommendations for healthy eating habits.
How does a dietician work?Registered dietitians assist patients who are having trouble losing weight or who need to alter their diet for other medical conditions, such as managing diabetes, to prevent or delay disease progression. When creating meal plans, they collaborate with patients to understand their unique requirements and difficulties.
What advantages does becoming a registered dietician offer?assisting people to develop healthy behaviors.
different everyday routines.
multiple career alternatives.
a lot of predictions for job growth.
chances for specialization
licensure and education standards are very strict.
Keeping up with evolving legal requirements
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Downhill ski racing requires the racer to maintain the tuck position
for over a minute while they are going extremely fast. Therefore, the
muscle bers recruited must not fatigue easily, or the skier could be
severely injured. The type of muscle ber that is predominately
recruited during downhill ski racing is:
Fast-Twitch oxidative (Type IIA) Fibers
Slow-Twitch (Type I) Fibers
Fast-Twitch glycolytic (Type IIB) Fibers
Answers
Answer:
1. Cross country ski racing is a race of endurance through a 30 km course. The type of muscle fiber that is predominately recruited during cross country ski racing is slow twitch.
2. Giant slalom ski racing is alpine skiing that requires powerful turns around the gates, but the aerobic endurance to make it through the course. The type of muscle fiber that is predominately recruited during giant slalom ski racing is Fast twitch oxidative.
3.Slalom ski racing requires quick, explosive turns around the gates. The type of muscle fiber that is predominately recruited during slalom ski racing is Fast twitch glycolytic.
Explanation:
I swear this is right I got it right on the test.
Mark as Brainliest PLZ.
Define the term petty cash book and how is it prepared?
Answers
A petty cash book is a ledger kept with the petty cash fund to record amounts that are added to or subtracted from its balance. Petty cash should be part of an overall business accounting system that documents how your business moves funds between one account and another and how it spends its money.
Discuss how planning facilitates the controlling process
Answers
Answer:
Please mark me brainliest Good luck
Explanation:
Planning and controlling are inter-related to each other. Planning sets the goals for the organization and controlling ensures their accomplishment. Planning decides the control process and controlling provides sound basis for planning.
4.3. Identify THREE benefits that could inspire one to avoid being unemployed after graduating (3x2) (6)
Answers
Three benefits that could inspire one to avoid being unemployed after graduating is:
Do the Job you would desire after graduating during collegeApply for internshipsDevelop the qualities of a leader during college.What is Unemployment?Unemployment is a state of being idle without job. It is a situation where one does not work and does not earn.
Applying for internships during college can spur an individual to avoid being unemployed after graduating. Also, doing the work you desire to do after college can be a motivating factor and developing leadership skills can inspire one to avoid being unemployed after graduating.
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The three benefits that could inspire one to avoid being employed after graduation are:
The need to make income.The need for self sufficiency.The need for independence.What is unemployment?This is a state that exists in an economy due to the fact that the people that are well able to work and trained for jobs are unable to find work.
When people are employed some of the benefits that comes with it is that they can earn income, they have their independence and are well able to cater for their needs.
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One of the most important applications of ratio analysis is to compare a company's performance with that of other players in the industry or to compare its own performance over a period of time. Such analyses are referred to as a comparative analysis and trend analysis, respectively.
The analysis that involves calculating the growth rates of all items from the balance sheet and income statement relative to a base year is called a:
a. percentage change analysis.
b. cash flow change analysis.
c. common size income statement analysis.
d. common size balance sheet analysis.
Suppose you are conducting an analysis of the financial performance of Blue Hamster Manufacturing Inc. over the past three years.
The company did not issue new shares during these three years, and has faced some operational difficulties. The company has thus pilot tested some new forecasting strategies for better operations management. You have collected the company's relevant financial data, made reasonable assumptions based on the information available, and calculated the following ratios.
Ratios Calculated
Year 1 Year 2 Year 3
Price-to-cash-flow 2.80 1.96 1.57
Inventory turnover 5.60 4.48 3.58
Debt-to-equity 0.60 0.48 0.38
Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report?
A. A decline in the inventory turnover ratio can be explained by the new inventory management system that the company recently adopted, which led to more efficient inventory management.
B. Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38.
C. A plausible reason why Blue Hamster Manufacturing Inc.’s price-to-cash-flow ratio has decreased is that investors expect lower cash flow per share in the future.
D. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors.
Answers
Answer: a. percentage change analysis.
B. Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38.
D. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors
Explanation:
1. The analysis which has to do with the calculation of the growth rates of all items from balance sheet and the income statement which is relative to a base year is referred to as the percentage change analysis.
2. The statements that can be included in the analysis report from the question include:
• Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38
• A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors.
Discuss the concept of 'Price Determination'
Answers
Answer: Price determination is the interaction of the broad. forces of supply and demand which “determine” or. cause the market price level. Price discovery is the process of buyers and sellers.
Explanation:
define federal deposit insurance corporation.
Answers
CVS has food, health, and beauty products in their store brand offerings. So, they have a large product mix ____.
a. width
b. depth
c. quality
d. price
Answers
Answer:
c
Explanation:
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Shoprite environmental impact on people
Answers
ShopRite impacts the environment by reducing harm to the environment and creating job in the recycling sector.
What is an environment?It should be noted that an environment simply means the surrounding where an organism lives.
At ShopRite, plastics wastes that are generated are recycled into carrier bags. This helps in reducing harm to the environment.
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For this discussion, you should put yourself in the role of a moderator as you:
Answers
Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.
What are the policies of the Union?Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.
What are the labor laws?Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.
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What are unions? What are their roles and policies?
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
Answers
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Answers
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
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A company commences business on 1 April. It buys the following units of inventory.
Date
1 April
1 September
1 December
Quantity
200
400
200
Unit cost
£250
£200
£300
During the year, it sells 500 units at £550 each.
What is the gross profit for the year using the first in first out (FIFO) method of inventory
valuation?
B £155,000
C £156,250
A £85,000
D £165,000
Answers
Answer:
D £165,000
Explanation:
The computation of gross profit for the year using the first in first out (FIFO) method of inventory valuation is shown below:-
As we know that
Gross profit = Sales - the cost of goods sold
where
Sales is
= 500 units × £550
= £275,000
And, the cost of goods sold is
= 200 units × £250 + 300 units × £200
= £50,000 + £60,000
= £110,000
We considered only 500 units as these sold units are sold
And, this is a first in first out method so we pick the first date units only
So, the gross profit is
= £275,000 - £110,000
= £165,000
An individual has total assets of 120,000 and total liabilities of 80,000. what is his net worth?
Answers
Answer:
40,000
Explanation:
Net worth is the value of a person or a firm's assets minus the liabilities. It is the net value of all the assets owned by an individual or organization. Calculation of net worth is by deducting liabilities from assets,
i.e., Asset - liabilities.
For this individual, net worth will be
=120,000 - 80,000
=40,000
the inflation rate is calculated as____
a. the cost of a basket of goods in the current year minus the cost of the basket in the base year x 100.
b. the cpi in one year minus the cpi in another year x 100.
c. the cpi in year 1 divided by the cpi in the base year x 100.
d. none of the above.
Answers
The inflation rate is calculated as the cpi in one year minus the cpi in another year x 100. Choice (b) is correct.
The Consumer Price Index (CPI) is the basis for the calculation of the inflation rate. It is defined as the ratio of the cost of a basket of goods and services at a specific time to the cost of the same basket of goods and services in a base period. The inflation rate is the percentage change in the CPI between two periods.
The inflation rate is calculated using the following formula:
The inflation rate = [(CPI in Year 2 - CPI in Year 1)/CPI in Year 1] × 100
Where CPI is the consumer price index.
Therefore, choice (b) is the correct option.
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What is the job outlook for a US postal worker?
The career is growing and will provide more opportunities over time.
The career is growing and will provide fewer opportunities over time,
O The career is shrinking and will provide more opportunities over time.
O The career is shrinking and will provide fewer opportunities over time.
Answers
Answer:
D: The career is shrinking and will provide fewer opportunities over time.
Explanation:
on edge2021! hope this helps!!~ (*~▽~)
The job outlook for a US postal worker is uncertain. While the postal service has been a long-standing and essential part of the United States infrastructure. Hence option D is correct
It has faced many challenges in recent years. The rise of digital communication and e-commerce has led to a decline in mail volume, and the postal worker has struggled to stay financially solvent. Additionally, there have been ongoing debates about the need for postal service , which could have a significant impact on the workforce.
That being said, the USPS still employs over 500,000 workers and is a vital part of many communities. While there may be some fluctuations in job availability,postal worker is unlikely that the career will disappear entirely postal service
As the postal service continues to adapt to changing technology and consumer needs, there may be opportunities for growth and innovation within the industry. Ultimately, the job outlook for a US postal worker will depend on a variety of factors and may vary from region to region.
Thus option D is correct .
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