Assignment 2 Question 2

[Renee]

Can someone help with consolidated RE and NCI? I have RE 1439160 and
NCI 320740.

[Ruby]

What are you using for the GP for inventory is it 30% the markup or
calculated GP of 23%?

[Jeff & Renee Renaud]

I'm using 30%.

I've reworked it but I'm still not getting what others are. I think we have
to use 800000 for SAT RE, OB. Can you confirm?

Calculation 6-CRE OB

PAT RE, OB 2,400,000
SAT RE, OB 1,100,000
Add Realized profit OI Yr 2 27,000

Realized profit OI Yr 3 10,800

Less Unrealized profit CI Yr 3 -12,600

1,125,200
Pat Share 90% 1,012,680
Consolidated Retained Earnings Closing
3,412,680
NCI @10% 112,520

Thanks Renee

[KevinM]

Is anyone happy with there question 2 answer - I am still wondering
about the cre and the selling percentage used

Intercompany profits
I was going to use

Before tax tax after tax
18,000 7200 10,800
21,000 8,400 12,600


For cre - I do not know what to use? Any help would be appreciated.

On Jul 23, 6:42 pm, Renee <renee...@gmail.com> wrote:

[Helene Lapierre]

Hi Kevin

I have attached my question 2

[Helene Lapierre]

Claire gave some great help on the Webinar for this calculation for CRE

On Tue, Jul 26, 2011 at 2:21 PM, KevinM <kevinma...@rogers.com> wrote:

[KevinM]

Thanks - my only difference is cre (I keep thinking that the 1,100,000
- 800,000 * .90) should be a part of it?

>  Assing # 2 question 2.xlsx
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[Helene Lapierre]

I am not sure which to use - there does seem to be some confusion about the updates for this question.

Helene