earnings were £2,224,000. During 2021, Hobby Ltd had consultancy fees of £200,000 from Leisure Ltd. In addition, Hobby Ltd provided a loan to Leisure Ltd of £300,000 on 1 January 2021, which attracted interest at 5% per annum. The loan was repaid in full on 31 December 2021.
On 1 January 2021, Craft Ltd purchased 40% of Leisure Ltd for £1,768,000. The share capital of Leisure Ltd was £420,000 and the retained earnings were £2,224,000. During 2021, Craft Ltd had consultancy fees of £40,000 from Leisure Ltd.
The following information is also given:
Hobby Ltd had a loan of £500,000 outstanding on 1 January 2021, which was not repaid during 2021. The loan was provided by the company's bank at an annual interest rate of 8%.
The group uses the weighted average method to calculate its consolidated financial statements.
The directors of the group are satisfied that the carrying value of the Leisure Ltd shares and loans are not impaired.
Required:
Prepare the consolidated financial statements for the group. You should present the financial statements in a form suitable for submission to the company's auditors.
Prepare the group's consolidated statement of financial position, using the workings to show all calculations.
Prepare the group's consolidated income statement. Use the workings to show all calculations.
Prepare the group's consolidated statement of cash flows. Use the workings to show all calculations.
Prepare the group's consolidated statement of changes in equity. Use the workings to show all calculations.
The consolidated financial statements can be presented in a form suitable for submission to the company's auditors. This would typically involve presenting the financial statements in a tabular format with separate columns for Hobby Ltd, Leisure Ltd, and Craft Ltd, as well as the consolidated values. The financial statements should also include notes to the financial statements that provide additional information and explanations about the transactions and events that have occurred during the year.
The consolidated statement of financial position for the group would show the total assets, liabilities, and equity of the group, as well as the share of assets, liabilities, and equity attributable to each of the three companies in the group.
The consolidated income statement would show the total revenue, cost of sales, gross profit, operating profit, interest income, interest expense, and net profit for the group.
The consolidated statement of cash flows would show the cash inflows and outflows from operating activities, investing activities, and financing activities for the group.
The consolidated statement of changes in equity would show the changes in equity for each of the three companies in the group, as well as the consolidated changes in equity for the group.
The financial performance of the group during the year can be analyzed by reviewing the consolidated financial statements. This would involve looking at the changes in assets, liabilities, equity, revenue, cost of sales, gross profit, operating profit, interest income, interest expense, and net profit from one period to the next.
A brief conclusion can be drawn based on the analysis of the financial statements. This could include a summary of the group's financial performance, any significant events or transactions that occurred during the year, and any recommendations for future actions.
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Answer for 25 points link to video
Based on Coca Cola's most recent yearly report, they offer over 1.9 billion servings of their items each day in more than 200 nations.
What is the Coca-Cola’s Business about?In terms of question 2, Coca Cola depends intensely on its bottling accomplices for the conveyance of its items. These bottling accomplices are autonomous firms that have understandings with Coca Cola to make, bundle, and disperse its refreshments.
Lastly, for question 3, Coca Cola's approaches to achieving goals in the immediate and distant future exhibit notable differences. In the immediate future, the company's primary goal is to sustain its market presence and financial viability by implementing measures such as reducing expenses and conducting focused promotional efforts.
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See text below
video transcript
0:00
Coca-Cola’s Business And Distribution Strategy
0:03
According to official statistics,1.9 billion Coca-Cola products are sold around the world
0:09
everyday.
0:11
The Coca-Cola Company is a global business that operates on a local scale.
0:16
The Company is able to create a global reach with local focus because of the strength of
0:20
its system, which comprises the Coca-Cola Company and their more than 250 bottling partners
0:26
worldwide.
0:28
The system has numerous legal and managerial departments and sections, all independent
0:32
of each other, and it does not own or control all of its bottling partners worldwide.
0:38
While it is generally perceived that Coca-Cola runs all its operations globally, this process
0:43
is done through various local channels.
0:47
Coca-Cola typically agrees to refrain from selling or distributing, or from authorized
0:51
third parties to sell or distribute, the Company Trademark Beverages throughout the identified
0:56
territory, to guarantee bottling partner exclusivity under that territory and product.
1:02
However, Coca-Cola typically reserves for itself the right to manufacture and distribute
1:08
its trademarked products and brands.
1:11
In exchange Coca-Cola also participates in the sales and marketing activities of its
1:15
bottling partners.
1:18
For instance, in 2019, Coca-Cola spent $4.4 billion in promotional and marketing programs
1:25
with bottling partners.
1:27
The bottling partners manufacture, package and distribute the final branded beverages
1:32
to customers and vending partners, who then sell products to consumers.
1:37
All bottling partners work closely with suppliers- grocery stores, restaurants, convenience stores,
1:43
amongst many others- to execute localized strategies developed in partnership with Coca-Cola.
1:50
More precisely, although Coca-Cola is a global company, its products never have to travel
1:55
far to reach the final consumer, making the product more local than you may think, the
2:00
product is made local to the market where it is sold.
2:04
Their business is a local business, typically products aren’t shipped more than a few
2:08
hundred miles; it’s all about being responsive to the customers needs and the local tastes
2:13
of the consumers in every market.
after watching the video answer the following questions:
1) How many Coca Cola products are sold around the world?
2) How do their bottling partners assist with their distribution?
3) How does Coca Cola act as a company short-term and long term? What is the difference between the two (Be very detailed)
combine like terms to simplify 13q2 + 4q2
Answer:
17q^2
Explanation:
you add the like terms and 13+4 is equal to 17
Praiya earned $26. 25 for 3. 5 hours of dog sitting. If praiya charges the same amount per hour, how much would she earn in dollars and cents for 8 hours of dog sitting?.
Pet sitting visits last 30 minutes and cost $25 on average. They also include food, fresh water, and a bathroom break.
Prices vary depending on the pet sitter's proximity to the pet owner, whether the pet needs to be picked up and put off, and other factors. You must spend $10 for each extra dog if you have more than one pet.
On average, pet sitting costs $20 per day. Obviously, there are a number of factors that can change the cost, such as if you require a pet taxi to pick up and drop off your pet. The cost is for one dog, cat, or bird; for each additional pet, the cost increases by $10.
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Which factor plays the biggest role in motivating economic decisions in a
market economy?
O A. Corruption in the leadership of powerful groups
O B. Commitment to maintaining a traditional lifestyle
O C. Competition between different businesses
D. Cooperation between governments and citizens
Cooperation between governments and citizens: plays the biggest role in motivating economic decisions in a market economy. Thus, option D is the correct option.
What Is a Market Economy?A market economy is a kind of capitalism in which a nation's companies and residents interact to determine economic policy and the cost of products and services. Although there may be some central planning or government interference, this phrase often denotes a more generally market-oriented economy.
The majority of economic decisions in a market economy are made through voluntary transactions that follow the rules of supply and demand. In a market economy, entrepreneurs are free to pursue profit by producing outputs that are worth more than the inputs they use, or, if they choose not to, to fail and close their doors. The forces of supply and demand are used in market economies to set the right prices and quantities for the majority of products and services.
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Which of these describes information that can appear in a consumer’s credit report?
A. The name of a company that gave the consumer a car loan two years ago
B. The amount of money that the consumer loaned to a family member
C. The amount of money the consumer will need to borrow in the next five years
D. The name of a store where the consumer pays cash for all purchases
Answer:
A. The name of a company that gave the consumer a car loan two years ago
Explanation:
A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you
So according to the given situation, the option A is correct
Which type of advertising does a business use to enhance its image in the market and society?
Through (BLANK) advertising, businesses try to enhance their reputation in the market as well as society.
Answer:
Public relations
Explanation:
Public relations are the efforts of a company to create good relations between itself and society. It uses the media to relay positive messages about the company to society. Public relations is about creating a goods reputation for the company in the eyes of the community.
In public relations, a company engages in activities that promotes its image in society. It may sponsor sports events, engage in charity work, or partner with the community in other social activities. When such activities are highlighted in the media, they create a good reputation for the company.
Answer:
Public relations
Explanation:
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
what are creative unique products example flying water bottle plz don’t give me actual already made products
The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being prompt on its deliveries. Blackbeard is the owner of the company. Davy Jones works for Blackbeard as an underpaid sailor. Davy knew that Blackbeard loved to read while they were transporting their deliveries and that his favorite book was The Adventures of Huckleberry Finn. Davy gave Blackbeard a valuable first edition of Twain's work hoping that Blackbeard would give him a raise in pay. A day later, Blackbeard promised to give Davy a pay raise of 18% because he was very pleased with the book. The following week when Davy received his check, he noticed that the raise was missing and he asked Blackbeard for the money. Blackbeard refused to give him his raise and Davy filed suit. Decide the outcome.
The outcome here is that the court would make blackbeard to give the pay raise that he promised to Davy.
The breach of promise.Davy may decide to sue because there has been a breach here. He may decide to sue under the proprietary estoppel.
He already met with what was required of him by providing the book to Blackbeard. It was Blackbeard that was unable tyo meet up with his own part.
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Acompany with a high level of productivity is able to:
A. avoid high opportunity costs.
B. expand without taking on debt.
C. produce goods and s bbbervices efficiently.
D. operate without much Investment.
The downsloping aggregate demand curve can be explained by.
The downsloping aggregate demand curve can be explained by interest-rate effect
What is aggregate demand curve?Aggregate demand curve is a demand curve that shows or indicate all the money spent on the purchase of goods and services.
The goods and services represented on the curve are domestic i.e household and the price at each level is also indicated.
The curve can be explained by the knowing the rate if interest on the goods.
Therefore, The downsloping aggregate demand curve can be explained by interest-rate effect.
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What challenges might we face in case we chose profession that does
not meet our interest and capacity?
We can't enhance our best on that profession. Financial concerns, job uncertainty and worry of failure are all frequent challenges students face when selecting a career. The reality is, no one is aware of what the world will seem like 10 or 15 years from now.
Why is it tough to pick out a career path?Lack of Experience
Limited work trip is some other motive why you may find it hard to choose your profession path. There are situations when speakme with human beings who work in a profession you're involved in pursuing is not enough. You can overcome this hurdle by using potentially participating in additional training.
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Answer:
hoobaa hooba hooba
Explanation:
hooo
If the Commission for Sport and Events contributes $45 million dollars towards the construction of a new sport venue, what type of financing option is most likely being used
The financing that is most likely being used for this construction are taxation or government securities issuance.
Sources of government financing Government can raise funds from taxing the people they govern.They can also raise funds by issuing securities such as notes to the public.The agency behind the construction of the venue is a governmental agency which means that it is most likely raising funds from one of the two methods described.
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PLEASE HELP
1. What are the distribution/production channels of your business/product. In list or paragraph format discuss the channels in which your
product will be created/sold. This should be very well thought out and include plenty of details. Be sure to explain how your
product/service would get to customers. You can refer back to module 10 notes for a refresher of distribution channels.
2. Describe in detail in either list/paragraph form the key metrics of your business. This is an explanation of key activities that must be
measured by your business.
MY project is about a self propelled stroller
Answer:
1.As consumers, we take for granted that when we go to a supermarket the shelves will be filled with the products we want; when we are thirsty there will be a Coke machine or bar around the corner, and we count on being able to get online and find any product available for purchase and quick delivery. Of course, if we give it some thought, we realize that this magic is not a given and that hundreds of thousands of people plan, organize, and labor long hours to make this convenience available. It has not always been this way, and it is still not this way in many other parts of the world.
Looking back over time, the channel structure in primitive culture was virtually nonexistent. The family or tribal group was almost entirely self-sufficient. The group was composed of individuals who were both communal producers and consumers of whatever goods and services could be made available. As economies evolved, people began to specialize in some aspect of economic activity. They engaged in farming, hunting, or fishing, or some other basic craft. Eventually this specialized skill produced excess products, which they exchanged or traded for needed goods that had been produced by others. This exchange process or barter marked the beginning of formal channels of distribution. These early channels involved a series of exchanges between two parties who were producers of one product and consumers of the other.
for an airline company, frequent reliable departures are a measurable objective for which perspective?
For an airline company, frequent reliable departures are a measurable objective primarily for the internal business process perspective.
This perspective focuses on the efficiency and effectiveness of internal operations and processes that directly impact the company's ability to deliver value to its customers and achieve its strategic goals. Frequent reliable departures are essential for airline companies to maintain customer satisfaction, optimize resource utilization, and ensure profitability. By closely monitoring and improving departure performance, airlines can minimize delays, reduce costs associated with disruptions, and enhance their reputation for punctuality and reliability. This in turn can lead to increased customer loyalty and competitive advantage in the highly competitive aviation industry. Moreover, achieving this objective requires seamless coordination and collaboration between various departments within the airline, such as operations, maintenance, ground handling, and customer service. By focusing on this measurable objective, airlines can identify areas for improvement and allocate resources accordingly to enhance overall performance. In summary, frequent reliable departures serve as a key performance indicator for the internal business process perspective within an airline company, as it highlights the effectiveness of internal operations and their direct impact on customer satisfaction and company success.
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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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Select one college you are interested in and research their financial aid program.
Name of college/university:
Research question:
What are the annual estimated costs of attendance? (tuition, room & board,
etc.)
What percentage of students receives financial aid?
When is their financial aid application due?
URL link to
sources:
I NEED HELP ASAP I WILL MARK BRAINLIST AND I WILL PUT 20 POINTS!!!!!!!
Answer:
CEH one college you are interested in and research their financial aid
how does Comparative Advantage Theory explain the motivation of international business ?
Expert Answer
Comparative Advantage Theory explains the motivation of international business as nations benefit from trading with each other when they have different comparative costs of production.
The motivation of international business is explained by the Comparative Advantage Theory, which claims that nations benefit from trading with each other when they have different comparative costs of production. The concept of comparative advantage, according to the theory, is based on the opportunity cost of producing a good or service. When a country has a lower opportunity cost of producing a specific good or service, it has a comparative advantage in that good or service.
The theory suggests that nations should specialize in the production of goods and services in which they have a comparative advantage and then trade with other nations that specialize in the production of different goods and services. When nations specialize in the production of goods and services in which they have a comparative advantage, they can produce more goods and services at a lower cost and can then trade them with other nations for goods and services that they cannot produce at a lower cost. This results in increased efficiency, productivity, and output for all nations involved, leading to economic growth and development.
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A customer purchases two chairs at $249.99 each and would like them to be delivered. Your company charges $60 for delivery, and the state imposes a 6% sales tax on furniture, but not on the delivery charge. What is the total amount due from the customer?
Answer:
$589.98
Explanation:
Total amount due = costs of the two chairs+ tax + delivery charges
cost of the two chairs = $249.99 x 2 = $499.98
+
tax = $499.98 x 0.06 = $29.99
+
delivery = 60
= $589.98
There are four steps in the manufacturing process of a stuffed toy: cutting, stuffing, sealing, and packaging. There are two machines each for cutting and stuffing, but one each for sealing and packaging. The processing times of cutting, stuffing, sealing, and packaging are 8, 5, 3, and 2 seconds per toy. Assuming demand is unlimited, how long does it take (in seconds) to produce 2,000 toys starting with a full system
If there are four steps in the manufacturing process of a stuffed toy: cutting, stuffing, sealing, and packaging. The time it take (in seconds) to produce 2,000 toys starting with a full system is : 8,000 seconds.
How to find the time?First step is to find the processing time
Process capacity = Min(2/8, 2/5, 1/3, 1/2)
Process capacity = 1/4
So,
Flow rate = Min(Demand, Process capacity) = 1/4 or 0.25
Second step is to find the cycle time using this formula
Cycle time = 1/Flow rate
Cycle time = 1/0.25
Cycle time = 4 seconds
Now let find long does it take (in seconds) to produce 2,000 toys starting with a full system
Time to complete 2,000 toys = 4 × 2,000 seconds
Time to complete 2,000 toys = 8,000 seconds
Therefore we can conclude that time to complete 2,000 toys is 8,000 seconds.
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A two-word phrase in each box. The value of the X (____) Q is equal to the x (_____) K, when equilibrium is reached
The value of the X (quantity demanded) Q is equal to the x (quantity supplied) K when equilibrium is reached
The phrase that fits in each box is "quantity demanded" and "quantity supplied". In economics, the quantity demanded refers to the amount of a particular good or service that consumers are willing and able to purchase at a given price. On the other hand, the quantity supplied refers to the amount of the same good or service that suppliers are willing and able to produce and offer for sale at a given price.
The law of supply and demand states that in a competitive market, the price of a good or service will adjust to bring the quantity supplied and quantity demanded into balance. The point at which this balance is achieved is known as the market equilibrium.
At this point, the quantity demanded (as indicated by Q) is equal to the quantity supplied (as indicated by K), which is why the value of the X (quantity demanded) Q is equal to the x (quantity supplied) K when equilibrium is reached. This equilibrium is a crucial concept in understanding how markets work and how prices are determined.
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With a cash-value life insurance policy, the value of the actual insurance ____ over time, and the value of the savings element ____ over time.
With a cash-value life insurance policy, the value of the actual insurance coverage remains the same over time. This means that the death benefit, which is the amount paid to the beneficiary upon the insured person's death, does not change. However, the value of the savings element within the policy can increase over time.
The savings element, also known as the cash value, grows as the policyholder pays premiums and accumulates interest or dividends. This cash value can be accessed by the policyholder through withdrawals or loans. It is important to note that the growth of the cash value is subject to policy terms, including fees and expenses. Additionally, the cash value can fluctuate based on the performance of the underlying investments, if applicable. Overall, while the actual insurance coverage remains constant, the value of the savings element can increase over time in a cash-value life insurance policy.
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what is the meaning of business opportunity
Answer:
A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. ... This is different from the sale of an independent business, in which there is no continued relationship required by the seller.
Explanation:
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
- RBT Requirements Coordinators are responsible for:
•Direct supervision of an RBT only
•All supervision activities of RBTs across an organization
•Administrate paperwork associated with RBT supervision only
•Only activates associated with RBT supervisors
Answer: All supervision activities of RBTs across an organization
Explanation:
A Registered Behavior Technician I someone who that is closely monitored by BCBA when practicing. The RBT is responsible for implementing behavior-analytic services.
RBT Requirements Coordinators are responsible for all supervision activities of RBTs across an organization.
Tom is setting up a business as a boarding kennel. He will look after dogs while the owners are away. He has found a barn that he can rent. It will need fitting out with secure kennels and runs for the dogs. Identify three start up costs he may have. 1. Feeding bowls/dog leads and other dog care items
2.
3.
Answer:
Explanation:
1) Feeding bowls / dog leads and other dog care items. These are important for a safe upkeep and care of dogs that will be in his custody.
2)Tom should also have good insurance policy in place in order to make provision for future potential loss, The insurance policy should cover all the breeds of dogs for maximum economic benefit.
3)Another cost is the cost of obtaining a boarding license at the rate set by the covering local council . This is necessary to obtain a full government approval .
Using ________, consumers choose messages to which they pay attention.
Using Selective attention the customers choose messages to which they pay attention.
Selective attention is a natural and automated manner that occurs whilst customers are presented with a massive amount of facts and stimuli, but the best pick is to focus on a small subset of them.
This selection manner is stimulated by way of different factors, together with private interests, motivation, relevance, and novelty, in addition to the context wherein the facts are supplied.
For example, clients may additionally pay greater interest to commercials that are relevant to their desires and pursuits, or which can be offered in an appealing or attractive way. in addition, consumers can be much more likely to notice new services or products which might be innovative or distinct from what they're used to.
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The type of state law that involves such issues as business disputes or divorces is known as?
The type of state law that involves such issues as business disputes or divorces is known as civil law.
The term civil law originates from the Roman word ‘jus civile’, meaning “citizen’s law”. Civil law denotes a body of laws and rules that concerns the private rights of citizens and not those of the public. It applies in private relations between individual citizens.
Civil law has some other features, including that it is codified, imposes civil liability on the offender (who has to compensate for damages done), and varies according to political jurisdictions. Civil law today encompasses contract law, property law, family law, tort law, corporate law and administrative law.
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ASAP!!!!!!!! Would give a lot of points!!!!!
Assume that the output gap is estimated to be $156 billion and the government decides to take action. If the marginal propensity to consume is 0.75, by how much would it need to change government spending to close the gap? Show your work.
Answer:
$39 billion
Explanation:
Given marginal propensity to consume is 0.75,
the Spending Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4
To close a gap of $156 billion, the government needs to change spending by $156 / Spending Multiplier
= $156 /4
= $39 billion