Swift plc acquired 75% of equity shares in Wren plc, on 11 January 20X6, when Wren's retained earnings were pound£124,000. An extract from the Statements of income of both companies for the year ended 3131 December 20X8 was as follows: Income statements Swift Wren For the year ended 31.12.20X8 £' 000 £' 000 Sales revenue 7,200 1,600 Cost of sales (5,450) (942) Gross profit 1,750 658 During the year ended 31 December 20X8, Swift sold goods invoiced at pound£400,000 to Wren at cost plus a third. pound£80,000 of these goods remain with Wren at the year end. What is the consolidated gross profit?

Malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00 when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be?

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?