Free reports sales of $150,000 of which $50,000 are intercompany. How much is Consolidated Sales ?

Q: The Moore Enterprise has gross profit of $1,180,000 with amortization expense of $510,000. The…

A: Moore EnterpriseGross profit = $1,180,000Amortization expense = $510,000Selling and Administration…

Q: Black River Adventures has net income of $3,518, interest expense of $1,715, sales of $24, 450, and…

A: The net income is the result of the income statement.The income statement is an essential part of…

Q: MAR Corporation, a manufacturer, has a gross sales of P90,000,000.00 for YER 2021, its fifth year of…

A: Solution: MAR Corporation, a manufacturer for YER 2021. Gross sales = P90000000 in its 5th year of…

Q: For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs…

A: Economic Value added - is one of the measures of economic profit. It is a type of value being…

Q: am.113.

A: First, we need to identify the unrealized profit in the inventory that was unsold at the end of…

Q: Presuming the company sells for $100,000,000.00 but also has $10,000,000.00 of debt on the balance…

A: Cash flows are the cash generated from the operation of the business organization. In other words,…

Q: Griffin's Goat Farm, Inc., has sales of $681,000, costs of $350,000, depreciation expense of…

A: The revenue that an entity earns after taking into consideration all the relevant expenses and taxes…

Q: The Rogers Corporation has a gross profit of $1,012,000 and $459,000 in amortization expense. The…

A: Cash flows means incoming of cash and outgoing of cash in the business. Cash inflows means incoming…

Q: What is the net income for this firm

A: Information Provided: Sales = $679,000 Costs = $341,000 Depreciation = $85,000 Interest expense =…

Q: Martindale Company, a 100% owned subsidiary of Weisman Corporation, sells inventory to Weisman at a…

A: Pre-consolidation income (loss) refers to the net income or loss generated by a subsidiary before…

Q: Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of…

A: A firm or individual's net income, commonly referred to as net profit, is a financial indicator that…

Q: The Moore Enterprise has gross profit of $1,140,000 with amortization expense of $490,000. The…

A: Cash flow is the money available from core business activities after making payment for  expenses…

Q: Portland Inc. (Portland) owns 80% of Seattle Inc. (Seattle) and uses the cost method to account for…

A: Financial statements of different organizations that are combined to appear as though they are one…

Q: During 2020, a parent 'sold' inventory priced at $10500 to its subsidiary. The parent's cost of…

A: Inventories are the items that are kept by the business with an intention of further manufacturing…

Q: P Company owns 70% of S Company's common stock. During 2020, S sold $800,000 of merchandise to P…

A: Given, Share of P company in S company = 70%

Q: Now suppose that the firm plans instead to increase long-term debt only to $1,100 and does not wish…

A: Every journal entry in account has 2 effect on financial statement.One is debit and another is…

Q: Black River Adventures has net income of $3,518, interest expense of $1,715, sales of $24, 450, and…

A: The net income is the result of the income statement.The income statement is an essential part of…

Q: In 2020, parent reports Cost of Goods Sold of $4,000,000.  Its 90% owned subsidiary reports Cost of…

A: Cost of goods sold: The direct expense incurred by the company in producing the products that the…