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MS Group's total profit for period on their consolidated income statement is 31,000. This includes adjusting for their share of joint venture JV2. Calculate the share of joint venture MS Group received based on the following information.
MS operating profit 41,000
Dividend from JV2 5,000
Finance cost 3,000
Tax 11,000
Suggested Answer: A
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9 comments · newest first
KA
Kami
12 months ago
Totally agree, 6,000 makes sense with those figures!
TH
Thea
1 year ago
Wait, how did they get to that number? Seems off.
SH
Shawnta
1 year ago
I think the share from JV2 is 6,000.
MY
Myong
1 year ago
The operating profit was 41,000, right?
RA
Ranee
1 year ago
MS's total profit is 31,000 after adjustments.
LA
Laine
1 year ago
Power BI is the answer. I remember learning about that in one of my database management classes. It's Microsoft's premier analytics platform.
KA
Kasandra
1 year ago
Indirect taxes are those that are not directly paid by the individual, right? I'm leaning towards D. Sales tax, but I want to double-check my understanding.
HA
Hana
1 year ago
Hmm, this looks like a tricky one. I'll need to carefully review the options and think through the requirements.
HE
Herman
1 year ago
No problem, this is straightforward. I just need to calculate the expected contribution under the new pricing and compare it to the current contribution. The probability of exceeding the current contribution should be pretty simple to determine from there.