Homework Answers
Sales includes 100% of Abba’s + 40% of Jay - 40% of Inter company Sales
5000000 + 0.40(3900000) - 0.40(600000)
5000000+1560000-240000= 6320000
so correct answer is D. $6320000
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Help Save & Ent Sub Abba Co owns a 40% interest in Jay Ltd., a joint...
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Abba Co. owns a 40% interest in Jay Ltd, a joint venture. Information for these two entities for the year ended July 31, 2019 is as follows Accounts receivable Sales Abba Co. $ 400,000 5,000,000 Jay Ltd. $ 300,000 3,900,000 During the year, Jay had sales of $600,000 to Abba At the end of the year. Abba owed $20,000 to Jay What would accounts receivable be on the consolidated balance sheet as at July 31, 2019? (Assume that the company...
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Brighton Food Co., Ltd. (Brighton Food) is a privately-owned limited company with several shareholders. It has been in the food business for many years. Mr. John Chan is the company's biggest shareholder holding 40% of the shares. He is also the company manager who takes care of the company's business operations. In the past few years, the business is blooming as both the sales and the net income have been growing steadily at around 10% per year. However, this situation...
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please help with question 2 on the ratio analysis tab.
I am attaching all tabs to help. thanks
A B C D E F G H I Instructions 1. Please enter the data from the previous tabs by clicking on the cell and typing and then clicking on the desired cell. For example to enter Net Income for 2018 type and go to the income statement tab and click on cell 127. 2. Complete the calculations. 3. Explain the significance...
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