Part 2: Information for Questions 25-30 Consolidation Entrie…
Part 2: Information for Questions 25-30 Consolidation Entries Income Statement Penn Co. Senn Co. Debit Credit Consolidated Sales 400,000 180,000 580,000 Less: COGS (180,000) (100,000) (280,000) Less: Wage expense (50,000) (34,000) (84,000) Less: Depreciation expense (30,000) (15,000) Cell 1 Less: Interest expense (25,000) (6,000) (31,000) Less: Other expenses (40,000) (2,000) (42,000) Less: Impairment loss Cell 2 Income from Senn Co. 13,200 Cell 3 Consolidated net income 88,200 23,000 18,400 5,200 Cell 4 NCI in net income Cell 5 Controlling Interest in Net Income 88,200 23,000 Cell 6 Excel file (optional) with above information for your use with the following questions: Part 2 Information for Questions 25-30.xlsxEnter your answers in the questions below – you will not submit the spreadsheet.
Read DetailsYou draw two cards sequentially from a deck, replacing the f…
You draw two cards sequentially from a deck, replacing the first card and shuffling before drawing the second. If the events of drawing a heart on the first card and drawing a queen on the second card are statistically independent, which statement is true compared to if these events were mutually exclusive?
Read DetailsA marketing manager wants to assess the likelihood of a new…
A marketing manager wants to assess the likelihood of a new advertising campaign achieving a certain level of customer reach. The reach can be represented by a normal distribution with an average of 45,000 customers and a standard deviation of 8,000 customers based on historical data. The manager wants to determine the probability that the campaign will reach at least 50,000 customers. Calculate the probability that the advertising campaign will reach at least 50,000 customers. (round your answer to three decimal places)
Read DetailsA marketing manager wants to assess the likelihood of a new…
A marketing manager wants to assess the likelihood of a new advertising campaign achieving a certain level of customer reach. The reach can be represented by a normal distribution with an average of 60,000 customers and a standard deviation of 15,000 customers based on historical data. The manager wants to determine the probability that the campaign will reach at least 70,000 customers. Calculate the probability that the advertising campaign will reach at least 70,000 customers. (round your answer to three decimal places)
Read Details2) The town of Harmonia gives away all 500 tickets to its an…
2) The town of Harmonia gives away all 500 tickets to its annual Founder’s Day Free Concert-in-the-Park to local residents. Each year, more than 500 people wish to attend the concert, so some of the residents who receive the free tickets sell them for as much as $75 each. Is a transaction where someone pays a resident $75 for a “free ticket” economically efficient?
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