Presented Below Are Several Figures Reported for Plate Corporation and Saucer

question 26

Essay

Presented below are several figures reported for Plate Corporation and Saucer Industries as of December 31, 2014. Plate has owned 70% of Saucer for the past five years, and at the time of purchase, the book value of Saucer's assets and liabilities equaled the fair value. The cost of the 70% investment was equal to 70% of the book value of Saucer's net assets. At the time of purchase, the fair values and book values of Saucer's assets and liabilities were equal.
In 2013, Saucer sold inventory to Plate which had cost $40,000 for $60,000. 25% of this inventory remained on hand at December 31, 2013, but was sold in 2014. In 2014, Saucer sold inventory to Plate which had cost $30,000 for $45,000. 40% of this inventory remained unsold at December 31, 2014.
Required: Calculate following balances at December 31, 2014.
a. Consolidated Sales
b. Consolidated Cost of goods sold
c. Consolidated Expenses
d. Noncontrolling interest share of Saucer's net income
e. Consolidated Inventory

Educate patients on the proper use and care of assistive devices for bowel elimination, including bedpans and ostomy appliances.

Recognize and respond appropriately to signs of compromised intestinal function in various populations, including infants, the elderly, and those with chronic conditions.

Implement appropriate nursing interventions for bowel preparation and specimen collection.

Develop tailored patient education plans for bowel management, including bowel training programs and dietary recommendations.

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Definitions:

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a certain period of time.

Interval Measure

A statistical metric used to express the amount of variance or uncertainty between data points in a series.

Receivable Turnover

A financial ratio that measures how efficiently a company uses its assets by calculating how many times a company can turn its accounts receivable into cash during a period.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, calculated as (Cash + Marketable Securities + Receivables) / Current Liabilities.