Here is the entire problem; however the trial balance did not copy in correctly. I need to know how to calculate the basic consolidation entry (mostly income from Soda Company, Investment in Soda Company, NCI in NI and NCI in NA.

Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20X2, for $119,000. At that date, the noncontrolling interest had a fair value of $51,000 and Soda reported $70,000 of common stock outstanding and retained earnings of $33,000. The differential is assigned to buildings and equipment, which had a fair value $29,000 higher than book value and a remaining 10-year life, and to patents, which had a fair value $38,000 higher than book value and a remaining life of five years at the date of the business combination. Trial balances for the companies as of December 31, 20X3, are as follows:

Pop Corporation       Soda Company  
Item       Debit       Credit       Debit       Credit  
Cash & Accounts Receivable       $   18,400                       $   24,600                      
Inventory           168,000                           38,000                      
Land           83,000                           43,000                      
Buildings & Equipment           370,000                           263,000                      
Investment in Soda Company           117,235                                                  
Cost of Goods Sold           189,000                           82,800                      
Depreciation Expense           20,000                           15,000                      
Interest Expense           19,000                           8,200                      
Dividends Declared           33,000                           18,000                      
Accumulated Depreciation                   $   143,000                           $   75,000      
Accounts Payable                       95,400                               38,000      
Bonds Payable                       240,790                               110,000      
Bond Premium                                                       1,600      
Common Stock                       123,000                               70,000      
Retained Earnings                       130,900                               63,000      
Sales                       263,000                               135,000      
Other Income                       12,600                                      
Income from Soda Company                       8,945                                      
$   1,017,635       $   1,017,635           $   492,600           $   492,600      

On December 31, 20X2, Soda purchased inventory for $31,200 and sold it to Pop for $48,000. Pop resold $30,000 of the inventory (i.e., $30,000 of the $48,000 acquired from Soda) during 20X3 and had the remaining balance in inventory at December 31, 20X3.

During 20X3, Soda sold inventory purchased for $65,000 to Pop for $100,000, and Pop resold all but $29,000 of its purchase. On March 10, 20X3, Pop sold inventory purchased for $17,000 to Soda for $34,000. Soda sold all but $8,500 of the inventory prior to December 31, 20X3. Assume Pop uses the fully adjusted equity method, that both companies use straight-line depreciation, and that no property, plant, and equipment has been purchased since the acquisition.

Required:
a. Prepare all consolidation entries needed to prepare a full set of consolidated financial statements at December 31, 20X3, for Pop and Soda. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. Prepare a three-part consolidation worksheet for 20X3. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)

1.Are men smarter than women at Private Universities in the United States? A study was conducted, randomly selecting 400 men, and 400 women from different Private Universities across the US, and asking for their GPAs. What is the population of this study?

All students enrolled at Private Universities in the world

All students enrolled at Universities in the US

Female students enrolled at Private Universities in the US

All students enrolled at Private Universities in the US

unanswered

2.Match each of the example experiments to the type of experimental design

A study was conducted to determine if rats gain weight after experiencing different levels of exercise. Researchers used 25 rats, for four different levels of exercise, plus a control group. Rats were randomly assigned to each group until there were five rats per group.

Some people try to counteract the presence of alcohol with caffeine in regards to reaction time. To test this, reaction times were measured when subjects were exposed to one of the two levels of alcohol (no alcohol, or yes alcohol), and one of the three different levels of caffeine ( 25 mg, 50 mg, 75 mg).  

It is thought that different levels of mercury exposure can decrease activeness in mice. Since some mice might not be as active due to their genetics, the litter from which the mice came from was used in the study as well. Each mouse was exposed to a level of mercury independently and at random.     

Select an option A. Factorial Design B. Completely Randomized Design c.Completely Randomized Block Design   

3.Which type of bait catches the largest fish? A study was conducted using 3 different baits (worms, corn, and plastic lures), and the average weight of the fish caught was measured. How many treatments are there?

4.Whcih of the following are true about sample statistics? (Choose all that apply)

Are always known

Are never known

Are usually represented by Greek letters

Are calculated from an entire population

Are calculated from a portion of the population

Please read the following paragraph. I would like you to explain the underlined sentences in economic terms

David Speer is chief executive of Illinois Toolworks, which has 60,000 employees worldwide in more than 800 business units and $14 billion in sales. He said an additional burst of fiscal stimulus from Washington might help boost economic growth for a period of months. But that is unlikely to affect his decisions about hiring and expansion, which Speer said are based on expectations for sales over years to come, not just the immediate future.

As long as U.S. consumers remain deeply strained, he is unlikely to undertake aggressive expansion.

More fiscal stimulus "might help make things a little better for a couple of quarters, but I'm not sure it would get at the underlying economic issue," Speer said. "The core question is: How do you get consumers back on their feet. We need growth in a sustainable way, not another Band-Aid."

Nor is it clear that new Fed action, such as steps to try to lower long-term interest rates and encourage investment, would prompt him to expand.

For large companies such as Illinois Tool Works, the price of borrowed money isn't the problem. The company had $1.3 billion in cash on its balance sheet at the end of June, up from $743 million at the end of 2008. Lower interest rates wouldn't make much of a difference, either.

"I could borrow $2 billion tomorrow for 3 1/2 percent," said Speer. "But what am I going to do with it?"

Speer is coming to terms with a new economic reality. After an extended economic boom, the nation is less than three years into the process of working out the excesses of that period.

"It took us a decade to get in the ditch we are in," Speer said. "There isn't going to be instant gratification to get us out of it. We're going to have to get used to a lower growth economy, and that is going to be a big adjustment for all of us."

Metcash Ltd. manufactures home hardware supplies and allocates manufacturing overhead costs to production at a budgeted indirect-cost rate of $19 per direct labor-hour. The following data are obtained from the accounting records for December 2020:

            Direct materials                                                       $380,000

            Direct labour (3,200 hours @ $18/hour)                     58,100

            Indirect labour                                                             12,000

            Rent on Factory                                                           44,000

            Factory Equipment Depreciation                                 52,000

            Electricity on Factory                                                  11,000

            Advertising expense                                                    14,000

            Administrative expenses                                              32,000

Calculate the actual amount of manufacturing overhead costs incurred in December 2020. Show all workings.

Richard and Jennifer were married in 2011. They have a five-year-old child and a son born November 15, 2020. Richard's 67 year-old father lived in a nursing home until his death on May 23, 2019. Richard and Jennifer provided all of his support until his death. Richard earned $43,000 in salary during the year. They also received $2,100 in interest from the credit union. They incurred $17,000 in itemized deductions during the year. Compute Richard and Jennifer's income tax for 2020 using the Tax Rate Schedules. Please show works.

Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, of 2100 dollars into an account that pays an effective rate of interest of 7.2 percent. She has continued this practice every year through January 1, 2001. Her goal is to have 1.35 million dollars saved up at the time of her retirement. How large should her annual deposits be (from January 1, 2002 until January 1, 2020) so that she can reach her goal?

In 2017 at a mechanic’s shop 35% of customers needed wheel or brake repairs, 40% needed engine repairs, 10% needed bodywork repairs, 10% needed electrical repairs, and 5% needed interior repairs. The mechanic wants to know if those proportions are still accurate in 2020. He randomly selects 90 repairs performed so far in 2020 and finds the following data. Type of repair Wheel/Brake Engine Bodywork Electical Interior Count 23 47 7 11 2 Have the proportions of repairs changed from the 2017 values? Test using α = 0.05.

Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, of 2050 dollars into an account that pays an effective rate of interest of 7.5 percent. She has continued this practice every year through January 1, 2001. Her goal is to have 1.25 million dollars saved up at the time of her retirement. How large should her annual deposits be (from January 1, 2002 until January 1, 2020) so that she can reach her goal?

McDonald's Singapore temporarily suspend all restaurant operations in Singapore, including McDelivery and Drive-Thru from 19 April 2020 until 4 May 2020. During this closing period, the organisation will still pay the employees.

Questions:

1. As an operation manager McDonald’s, describe any FOUR (4) objectives of service operation at the levels to business users and customers. [40 marks]

2. Elaborate the implementation of Total Quality Management system for service operation in McDonald’s. [40 marks]

3. Describe TWO (2) strategies for McDonalds in future to maintain the business profitability. [20 marks]

PwC Whitepaper - Retail Banking 2020 Evolution or Revolution?

Review the linked PwC whitepaper.

It is five years old, but has a lot of useful information (Remember, "strategy" involves long term thinking)

Discuss the following:

1. Is there anything at only five years later has changed? Did PwC get anything "wrong?"

2. Which of the six "priorities" should be the most challenging for banks in general?

3. Based on what you know about Howard Bank, what do you think is the key takeaway from this whitepaper?

PwC Whitepaper - Retail Banking 2020 - Evolution or Revolution?