McLaughlin, Inc. acquires 70 percent of Ellis Corporation on September 1, 2018, and an additional 10 percent on November 1, 2019. Annual amortization of $8,400 attributed to the controlling interest relates to the first acquisition. Ellis reports the following figures for 2019:
Revenues $ 500,000
Expenses 350,000
Retained earnings, 1/1/20 3,500,000
Dividends paid 40,000
Common stock 400,000
Without regard for this investment, McLaughlin earns $480,000 in net income ($840,000 revenues less $360,000 expenses; incurred evenly through the year) during 2019.
Required:
What is non-controlling interest for 2019?

Answers

Answer 1

Answer:

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Related Questions

A transaction that takes place between two parties who hold
pre-existing connection prior to the transaction

Answers

A related party transaction
Give this a heart if that helps

XYZ Co. makes a processor that requires a metal that can be found in a single mine in Peru. Do you expect the price elasticity of supply for this processor to be elastic or inelastic? Explain.

Answers

Answer:

mAGIC

Explanation:

Since graduating college, you have worked in the promotion department at the headquarters of a national hospital chain. Because of your excellent record, you’ve now been given a high-profile, challenging new job: manager of promotion for Mercy Health, an old city hospital extensively renovated and upgraded to compete with suburban health care institutions. It won’t be easy, as your budget is tight. Moreover, you’ve learned that patient and revenue numbers at Mercy haven’t increased despite months of advertising its state-of-the-art acute care facilities as well as its innovative, award-winning Wellness Center.
Right off the bat, you must make a fundamental and tricky choice: What is the correct promotion objective? Your past experience has been with brand-new hospitals, which clearly need promotion to build awareness that they exist. But this institution isn’t new, so you could reasonably focus either on stimulating demand, or on encouraging trial.
Demand stimulation might be appropriate if prospective patients—or referring physicians—aren’t clear about how Mercy Health stacks up against competition. You must think about the feedback from previous advertising: Did it succeed in differentiating your product?
Encouraging trial would be the better choice if people know how Mercy compares to alternatives but must be nudged to act on that knowledge. Dr. Wills, your medical advisor, reminds you that this approach could be particularly effective with physicians who routinely refer patients to other hospitals and need some incentive to change their habits.
Which objective should you choose?
Encouraging trial
OR
Stimulating demand

Answers

The ideal objective, analyzing the scenario of the question, is to encourage trial, because in this way the consumer could use Mercy health's services and generate their own perception about the benefits of the hospital in relation to its competitors.

This strategy is more efficient when Mercy knows what the differentials are, as this way potential customers are also able to perceive the benefits of Mercy's installations and prove the institution's differentials from real experience.

Therefore, in this case, stimulating demand would not be an effective approach, as a previous publicity of the company that did not achieve the necessary achievements has already been carried out, that is, it was unable to differentiate its product and increase the number of patients and revenues of the company.

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A good handler wants to use a thermometer to measure the air temperature inside of a cooler. To what temperature should the thermometer
be accurate?

Answers

Answer:

2°F, or ±1.0°C

Explanation:

Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 4%. How much money will be in the account on your 18th birthday immediately after your grandmother makes the deposit on that birthday

Answers

Answer:

I believe the answer is 6,480,000.

Discuss the possible ways that purchasing becomes aware of the need to evaluate and select a supplier.

Answers

Explanation:

This lesson discusses the basics of project procurement management. Project procurement management is a critical part of overall project management, and we will use an example to show how this topic fits into everyday project management activities.

Based on this graph, which of the following statements are true?

CHECK ALL THAT APPLY
- A moderate level of conflict produces the highest level of performance.
- Performance is better when team members don’t argue.
- Teams need some conflict to do their best work.

Answers

Answer:

✔ A moderate level of conflict produces the highest level of performance.

✘ Performance is better when team members don’t argue.

✔ Teams need some conflict to do their best work.

The graph on team performance v. conflict shows that:

A moderate level of conflict produces the highest level of performance. Teams need some conflict to do their best work.Do teams need conflict?

The graph shows that when there is moderate conflict in a team, they will be able to perform at their highest.

This means that some conflict is needed if a team wants to perform at higher levels. But not too much conflict.

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Which of the following employees derives their income from a fee for the items sold?
a. commission
b. piece rate
C. salaried
d. tip
ut

Answers

Answer:

a. commission

Explanation:

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Answer:

A. commission

Explanation:

2021 edge

In successful teams, some people play a task specialist role and put more of their energy into promoting the team’s performance of its work, while other people play a socioemotional role and put more of their energy into sustaining team members’ social satisfaction so that they stay engaged in the team. You are part of a productive team, and at a recent team meeting, you heard your coworkers make the following statements.

For each example of a statement made during a team meeting, indicate the role of the speaker.

1. Elise said, “I don’t think Julián and Ethan are really that far apart here. Their ideas have a lot of overlap.” SOCIOEMOTIONAL OR TASK SPECIALIST

2. Ethan said, “Folks, I’ve just had a brainstorm! We could get the people in sales to communicate our message to customers. They’ll be good at it, they’ll enjoy it, and the message will get out really fast.” SOCIOEMOTIONAL OR TASK SPECIALIST

Answers

Answer:

1. socioemotional

2. task specialist

Answer:

1. Elise said, “I don’t think Julián and Ethan are really that far apart here. Their ideas have a lot of overlap.” SOCIOEMOTIONAL

2. Ethan said, “Folks, I’ve just had a brainstorm! We could get the people in sales to communicate our message to customers. They’ll be good at it, they’ll enjoy it, and the message will get out really fast.” TASK SPECIALIST

Lewis is responsible for all installation activities at a large utility company. He would be considered a _______ manager.

Answers

Based on the job description of Lewis, we can infer that he is a staff manager for the company.

A staff manager:

Oversees the activities of a unit of the business Is in charge of a team or department that maintains company services

Installing various tools and equipment for utilities is an activity that supports a utility company and Lewis is in charge of the department that does this. He therefore fits the definition of a staff manager.

In conclusion, Lewis is a staff manager.

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Shauna received a $100,000 distribution from her 401(k) account this year. Assuming Shauna's marginal tax rate is 25 percent, what is the total amount of tax and penalty Shauna will be required to pay if she receives the distribution on her 59th birthday and she has not yet retired

Answers

The total amount of tax and penalty that Shauna will be required to pay if she receives the distribution on her 59th birthday is $35,000.

Shauna will pay income tax on the distribution of the amount of $25,000 including $10,000 which  is 10 percent penalty for early distribution due to the following reasons:

Shauna has not yet retired.Shauna  is not yet  59 ½  years old as of the date of the distribution.

Now let calculate the total amount of tax and penalty she will receive:

Tax and penalty=(Distribution× Marginal tax rate)+(Distribution× Early distribution penalty rate)

Tax and penalty=($100,000×25%)+($100,000×10%)

Tax and penalty=$25,000+$10,000

Tax and penalty=$35,000

Inconclusion the total amount of tax and penalty that Shauna will be required to pay if she receives the distribution on her 59th birthday is $35,000.

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The following data pertain to an investment proposal (Ignore income taxes.):

Cost of the investment $35,000
Annual cost savings $12,000
Estimated salvage value $6,000
Life of the project 5 years
Discount rate 18%

Required:
Determine the appropriate discount factor(s) using the tables provided.

Answers

The net present value of the proposed investment is closest to $5,146.

Net present value = Present value of cash-flows - Initial investment

Given Information

PV of cashflows at 18%

Cash flows                            PV at 18%     P.V. of cash-flows

$12,000 (Cost saving)            3.127                 $37,524

$6,000 (Salvage)                   0.437                 $2,622

Total                                                                   $40,146

Net present value = $40,146 - $35,000

Net present value = $5,146

Therefore, the net present value of the proposed investment is closest to $5,146.

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Mr. Lainson died this year on a date when the total FMV of his property was $12 million and his debts totaled $450,000. His executor paid $15,000 of funeral expenses and $50,000 of accounting and legal fees to settle the estate. Mr. Lainson bequeathed $1 million to Villanova University, $200,000 to the Lutheran church, and $3.5 million to his surviving spouse. He left the remainder of the estate to his children. Compute Mr. Lainson's taxable estate.

Answers

Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.

The taxable estate for Mr Lainson will be calculated thus:

FMV $12 millionLess: Debt $450000Less: Funeral expense $15000Less: Legal fees $50000Less: Donation ($3.5 million + $200000) = $3.7 millionTaxable estate = $7,785,000

The taxable estate of the year will be $7,785,000.

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Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

Answers

The purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

The significant noncash financing and investing activities are reported on the company's income statement.

In conclusion, the Option D is correct because the purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

Missing word includes "Purchased a machine for $30,000, giving a long-term note in exchange."

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What is one potential benefit of establishing trade barriers?


A) They can make a country more economically self-reliant.


B)They typically increase sales of exports to other countries.


C) They create greater economic efficiency by minimizing waste.


D)They provide domestic consumers with a wider variety of goods.

ASAP

Answers

Answer:

D)They provide domestic consumers with a wider variety of goods.

Differentiate between Cloud computing
and Grid computing.

Answers

Answer:

Cloud computing is based on a Client-Server model. Cloud computing is a highly accessible service that utilizes centralized resources. Cloud computing is a pay-as-you-go model, which implies that customers pay for the service they get.

The second one, is a distributed computer model known as Grid Computing. Users in grid computing do not have to pay for the usage of resources in a collaborative manner.

Examples of differences between the two:Cloud computing is a client-server computing architecture, while Cloud Computing is a distributed computing architecture.Cloud computing is a centralized executive, while Grid Computing is a decentralized executive.In Cloud Computing, resources are used in centralized pattern. While in Grid Computing, resources are used in collaborative, shared pattern.Cloud Computing is more flexible than Grid ComputingIn Cloud Computing, the users pay for the use. Vice versa that is not the case.Cloud Computing is a high accessible service, while Grid Computing is a low accessible service.Cloud Computing can be accessed through standard web protocols, white Grid Computing is accessible through grid middleware.

The following diagram shows the five styles of handling conflict. Select the correct label for each. Then read the scenario and determine which conflict-handling style to use in the given situation.

WORD BANK
- compromising
- collaborating
- dominating
- accommodating
- avoiding

Answers

Answer:

A. dominating

B. collaborating

C. compromising

D. avoiding

E. accommodating

Handling conflict in simple words we can say that it usually means handle a situation or the problem.

What is Handling style?

Handling style are known to be the principles which gradually underline the methods which the managers use to handle situations.

The conflict handling style which would be used as per the diagram would be as The following diagram in the question shows the five styles of handling conflict it would be used as.

A. dominating

B. collaborating

C. compromising

D. avoiding

E. accommodating

Therefore in  Handling style every manager has his own style of handling employees.

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Food taxes intended to shift consumption towards a healthier diet are controversial. Some people think that individuals should make their own choices, and if they prefer unhealthy products, the government should not interfere. In view of the fact that those who become ill will be cared for at some public expense, others argue that the government has a role in keeping people healthy.

Required:
In your own words, provide arguments for or against food taxes designed to encourage healthy eating.

Answers

Answer:

People dont wanna eat heathly

Explanation:

When the Midwest flight attendants first looked at the terms of their contract and asked if they were being treated unfairly, they prepared a statement of the issue to be resolved in the arbitration hearing. What was the name of this statement

Answers

The name of this statement that was prepared by the Midwest flight attendants is: Submission Agreement

Submission Agreement is a singular case which the complainant pushes forward as the main case that they want to be settled.

A submission agreement was prepared by the Midwest Flight attendants. Their singular grievance was that they were treated unfairly.

So, they submitted a Submission Agreement to the arbitration hearing.

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Explain 5 reasons why organizations restrict their staff from communication with press

Answers

Answer:

Explanation:

Work environment.

People's attitudes and emotional state.

Time zone and geography.

Distractions and other priorities.

Cultures and languages.

What is the present value of $5,000 to be received 10 years from now if the interest rate is 10 percent

Answers

The answer is $12968.

The answer is $12968.

What is interest rate?The interest rate is the percentage that the lender expenses for borrowing the capital. The APR, or annual allocation rate, is supposed to remember a more precise cost of borrowing. The APR calculation contains fees and value points, along with the interest speed.Mortgage velocities change all the time. So a good mortgage rate could look drastically different from one day to the next. Right now, a reasonable mortgage rate for a 15-year fixed loan strength is in the high-3% or low-4% range, while a reasonable rate for a 30-year mortgage is typically in the high-4% or low-5% range.Mortgage rates are likely to persist to rise in 2022. Many elements influence mortgage rates, including inflation, world events, financial crises, personal characteristics, the Federal Reserve, and even bond prices. Even though mortgage interest rates increase, they resolve still lower than documented mortgage rates.

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Banks in Ruritania have a required reserve ratio of 8% . Round all answers to one place after the decimal. What is the simple money multiplier

Answers

The simple money multiplier is 12.5.

The reserve ratio is the ratio the Central Bank of a country requires banks to keep as reserves in order to meet unforeseen circumstances. For example, if the reserve ratio is 8%, if a customers deposits $1000, banks must keep $80 as reserves.

Money multiplier is the maximum amount of money commercial banks can create.

Money multiplier = 1 / reserve ratio

1 / 8%

1 / 0.08 = 12.5

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Imagine that in 2019 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time. Refer to Scenario 33-2. In the short run what happens to the price level and real GDP

Answers

In the short-run, the effect on the price level and the real GDP is a. Both the price level and real GDP rise.

Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:

Rise while the real GDP falls Fall while the real GDP rises Fall with the real GDP.

Question Options:

a. both the price level and real GDP rise.

b. the price level rises and real GDP falls.

c. the price level falls and real GDP rises.

d. both the price level and real GDP fall.

Thus, in the short-term of this economy both the price level and real GDP rise.

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Do you have any concerns or questions about becoming a leader?

Answers

Yessss there are many concerns I have

discuss in details what is the sources of finance in UAE?​

Answers

Answer:

loans, syndicated loans,the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.

Explanation:

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Select the correct answer.
Zhu Dong manages a financial consulting firm of a few employees. He realizes that one of his best employees is facing problems at work. Dong plans to talk to the employee individually, hear out any grievances, and counsel the employee. Which type of communication does Dong plan to engage in?

A.
interpersonal communication
B.
departmental communication
C.
interdepartmental communication
D.
company-wide communication

Answers

Answer:

interpersonal communication

savings account in which a person receives a computerized print out of transactions
savings bond
defined benefit plan
interest
defined contribution plan
passbook account
dividend
certificate of deposit (CD)
statement account

Answers

Answer:

statement account

Explanation:

None of the other options stated with the question make sense.

The closest answer would be a "passbook account" but this uses a physical book.

In the Management in Action case, WeWork CEO Neumann seemed to believe that he had extraordinary abilities to accomplish the impossible and was able to use this belief to influence others. Based on what you know about power and influence, what type of influence tactic was he utilizing

Answers

Based on the information given, the type of influence tactic was he utilizing is known as the inspirational appeals.

Inspirational appeal is a tactic that is used in stimulating the values and ideals of a group of people. Inspirational appeal is simply used to evoke emotions and arouse the enthusiasm of the people.

Since CEO Neumann seemed to believe that he had extraordinary abilities to accomplish the impossible, he is trying to inspire others and evoke their emotions, therefore, he's using inspirational appeals.

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In the following diagram, select the correct word or phrase to identify the information channels on a continuum of high-to-low channel richness.

WORD BANK
Letters and memos
Electronic messages
Telephone
Reports/bulletins
Face-to-face communication

Answers

Answer:

A: Face to face communication

B: telephone

C: electronic messages

D: letters and memos

E: reports/bulletins

Explanation:

This diagram places different channels of communication in order by their richness, or how much information they convey. Communication channel richness is based on three things: (a) the ability to handle multiple cues simultaneously; (b) the ability to facilitate rapid, two-way feedback; and (c) the ability to establish a personal focus for communication.

The list that entails the ranking of the words according to their richness from High channel to Low channel is as follows:

(High channel)--> Face to face communication, telephone, electronic messages, letters and memos, reports/bulletins -->>(Low channel)

What does the list do?

This list above places different channels of communication according to their richness and how much information they convey.

Also, the richness of a communication channel is based on three things:

ability to handle multiple cues simultaneouslyability to facilitate rapid, two-way feedbackability to establish a personal focus for communication

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Sales Transactions and T Accounts Using T accounts for Cash, Accounts Receivable, Sales Tax Payable, Sales, Sales Returns and Allowances, and Sales Discounts, enter the following sales transactions. 1. No sales tax. (a) Merchandise is sold for $320 cash. (b) Merchandise is sold on account for $385. (c) Payment is received for merchandise sold on account.

Answers

Answer:

Payment id received for merchanise sold on account

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