Answer:
A.$200,000
B.Dr Loss on impairment $30,000
Cr Goodwill $30,000
Explanation:
(a) Computation of the amount of goodwill acquired by Vinson
Purchase price$900,000
Fair value of net assets $700,000
(Fair value of assets $950,000-
Fair value of liabilities $250,000)
Value assigned to goodwill $200,000
($900,000-$700,000)
(b) Preparation of Vinson’s journal entry to record impairment of goodwill.
Based on the information given we were told
the fair value of Carley is the amount of $720,000 while the implied fair value of goodwill is the amount of $170,000 and we were also told that carrying value of Carley’s net assets as well include the goodwill which is the amount of $750,000 which means that their is loss on impairment because the fair value amount is lower than carrying value which means that the journal entry to record impairment of goodwil will be ;
Dr Loss on impairment $30,000
($200,000 − $170,000)
Cr Goodwill $30,000
Accounts receivable Select one: a. Are usually converted into cash in 30 to 60 days b. Are relatively liquid assets c. Usually appear after short-term investments in marketable securities d. All of the above
Answer:
D
Explanation:
Accounts receivable is the amount of money that customers owe a company for goods or services that were purchased on credit.
Accounts receivable appear as assets on the balance sheets
Tombstones are produced in a competitive price-searcher market. One producer, Rolling Stones, sells 20 tombstones a week at a price of $500 each. Its average total cost is $600. From this information, we can conclude:_______
a. new tombstone firms will want to enter.
b. this producer is losing $2,000 a week.
c. this producer is making an economic profit of $400.
d. this producer is setting MR = MC.
e. this producer should increase production.
Answer:
b. this producer is losing $2,000 a week.
Explanation:
The computation is shown below:
As we know that
Profit = (Price - Average total cost) × Quantity
= ($500 - $600) × 20
= -$2,000
This negative amount represents that there is a loss of -$2,000
Hence, option B is correct as the producer losing $2,000 in a week
Therefore all the other options are wrong
Because of the influence of social marketing, the interaction between producer and consumer has become LESS focused on:_________
a. engaging.
b. listening.
c. understanding.
d. entertaining.
e. influencing.
Answer: d. Entertaining
Explanation:
Because of the influence of social marketing, the interaction between producer and consumer has become less focused on entertaining.
It should be noted that due to social media, entertainment has reduced between producers and consumers but rather, it has to do with engaging, influencing and listening.
The ________ is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in income.
Answer:
Income inequality ratio
Explanation:
The income inequality ratio is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in income.
Income inequality refers to the uneven distribution of income among the population of a particular place. It is the difference in the allocation of income in a particular country.
Income inequality occurs across different segments of the population such as gender(male and female), ethnic group, occupation, geographical location etc.
The Gini index is widely used to compare disparities in income.
A manufacturer of an aircraft may issue information concerning an improvement or change that may be made on an aircraft, these changes are called
Answer:
Service Bulletins
Explanation:
A service bulletin as seen in the question above can simply be defined as a document used by aircraft manufactures to issue or give information concerning improvements or changes that may be made to or on an aircraft.
Depending on the manufacturer's judgement of the modification or improvement as either a product improvement or a safety improvement, service bulletins will be released.
Cheers.
If a study of past stock prices and volume to find mis-priced securities will not lead to gains in the market, then the market must be at least _____ efficient.
Della, the sales manager, just informed her sales team that all sales in March will earn an extra 5 percent commission. The team gets right to work, being motivated by a(n)
Answer:
The answer is extrinsic reward
Explanation:
Extrinsic reward is the type of reward that comes from outside. This type of reward is completely different from intrinsic reward that comes from thr within.
Extrinsic rewards are given to act as an incentive to perform more or better. It usually has monetary undertone in it.
Increment in salary or giving bonus is is an extrinsic reward.
One difference between financial and managerial accounting is that the external users that use financial information must plan a company's future, but the internal users of managerial accounting information generally must decide whether to invest in or lend to a company.
a. True
b. False
Answer:
False
Explanation:
The internal users of financial information are those people with an organisation that makes use of financial information.
they include :
The board of directorsEmployeesManagers.The external users of financial information are those who aren't within an organisation that makes use of financial information.
They include :
InvestorsLendersGovernment Regulatory bodiesExternal users of financial information use financial information in making decisions of whether to invest in or lend to a company
On an 8% straight term loan of $6,071 the borrower paid total interest of $1,700. What is the term of the loan?
Answer:
42 months
Explanation:
On an 8% straight term loan of $6,071
The borrower paid a total interest of $1,700 on the loan
Therefore, the term of the loan can be calculated as follows
=$6,071×8/100
= $6,071×0.08
= 485.68
Since there are 12 months in a year
= 485.68/12
= 40.47
$1,700/40.47
= 42
Hence the term of the loan is 42 months
Six firms are currently producing and selling in a market. When two of the six firms exit the market, economists expect that the equilibrium price will ________ and the equilibrium quantity will ________.
Answer:
Increase and Decrease are the right answers.
Explanation:
The equilibrium price(p) will “Increase or rise” and the equilibrium quantity(Q) will “decrease or fall” because currently there are six firms in the market and these firms producing and selling in the market. If the two firms exit the market then only 4 firms will remain in the market. Therefore the supply will decrease and the supply (S) curve will shift towards leftwards. This shift in the supply curve increases the equilibrium price and decreases the equilibrium quantity.
Which one of these statements is true? A) Shareholders of the target firm must vote to approve an acquisition by stock. B) The merger of two direct competitors is usually considered to be a conglomerate merger because the consolidated firm will have more market share. C) A merger is the only way for two or more firms to cooperate in pursuit of a joint goal. D) Acquisitions are sometimes involuntary or even hostile. E) In an acquisition of assets, the bidding firm deals directly with the target firm's shareholders.
Answer:
The answer is D. Acquisitions are sometimes involuntary or even hostile
Explanation:
Out of all the options, the correct one is D. Acquisitions are sometimes involuntary or even hostile.
Hostile acquisition is the type of acquisition when the board of directors of the target company is against takeover of the company while involuntary or voluntary acquisition is the type of acquisition that the board of directors of the target company duly approves the takeover.
When an organization pays more for completing certain tasks, not just for being there and being loyal to the firm, the organization pays more for ______.
Answer: Performance
Explanation:
Many organizations reward excellence and effort. They consider what each person or team put in place to see that there is success in the task. Asides the normal allowance that would be given, those who are outstanding in their performance would be tipped other renumeration for how well they did. This is to encourage them to do more for further task ahead.
A group of customers is drinking alcohol in your business and one of them has been identified as the designated driver. As a server, you:
Cut of alcohol
Explanation:
If they drink mre they are likely to becom drunk and migjt get into an accident
Answer:
Limit the amount they can drink, if at all
Explanation:
You want to make sure they are able to drive by the time they leave
The decision to take less salary in a year when the company was less profitable and employees' pay was cut is an example of Nishimatsu's: a.hubris. b.dialectic inquiry. cmitment. d.illusion of control.
Answer:
k i need help too
Explanation:
The decision to take less salary in a year when the company was less profitable and employees' pay was cut is an example of Nishimatsu's inquiry. commitment.
What is employee?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
According to the company was the provided the less salary into the less profitable and employees are the cut on the particular amount. It was the perfect example of the inquiry commitment. The commitment on the each and the every company to the related to the company details.
As a result, the decision to take less salary was the example of the commitment. Therefore, option (c) is correct.
Learn more about on employee, here:
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Tamarisk Corp. purchased machinery for $347,400 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $17,400, production of 264,000 units, and working hours of 25,000. During 2021, Tamarisk Corp. uses the machinery for 2,650 hours, and the machinery produces 29,580 units.
From the information given, compute the depreciation charge for 2021 under each of the following methods. (Round intermediate calculations to 2 decimal places, eg. 5.25 and final answers to O decimal places, e.g. 45,892.)
(a) Straight-line
(b) Units-of-output
(c) Working hours
(d) Sum-of-the-years'-digits
(e) Declining-balance (use 20% as the annual rate) $
Answer:
Explanation:
Purchase price = 347,400
Useful life = 10 years
Salvage value = 17,400
Production unit = 264,000
Unit produce = 29,580
Working hours = 25,000
Working hours used = 2,650
Workings
Depreciable amount = 347,400 - 17,400 = 330,000
1. Straight line depreciation = 347,400-17,400 /10
= 330,000 / 10 =33,000
2.Units of output = 29,580/264,000*330,000
= 36,975
3. Working hours method
2650/25,000*330,000 = 34,980
4.Sum of the years digit
Sum of the digits = 10(10+1)/2 =55
330,000 *10/55*4/12 +330,000*9/55*8/12 = 56,000
5 Declining balance at 20%
2020 = ( 347,400 *20%) = 69,480
2021 = 347,400 -69,480 * 20% =277,920 *20%
277,920 - 55,584 = 222,336
Under the Uniform Securities Act, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is:
Answer:
The advisory fees will be "$500, 6 months or more in advance of rendering services".
Explanation:
Whenever a nation-registered investment manager recognizes $500 (and sometimes more) of advanced consulting fees, 6 months more than before anticipation of providing services, then perhaps the consultant is deemed to have obtained ownership of customer funds being defined by NASAA.(In comparison, it should also be noted that perhaps the Advisers (investment) Act of year 1940 established the cap at $1,200 among Federal Covered consultants, although that wasn't the law for govt-registered consultants).With depreciation, the estimated amount of money that can be expected from some buyer at the end of asset’s useful life is its
Answer:
Salvage value
Explanation:
Salvage value is the value of an asset after all depreciation expenses has been expensed.
For example, an asset cost $500,000, it has a 2 year useful life. the depreciation percentage is 20% for each of the useful life of the asset, the salvage value =
Cost of the asset - accumulated depreciation
accumulated depreciation = 2 x($500,000 x 0,2) = $200,000
Salvage value = $500,000 - $200,000 = $300,000
$300,000 is the estimated amount of money that can be expected from some buyer at the end of asset’s useful life
An agent sells his client 10 U.S. government bonds due to mature in 30 years. According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents. What statements may the agent legally make?
Answer:
The bonds are guaranteed as to principal and interest payments by the US government.
Explanation:
According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, a broker can say US government bonds are guaranteed on principal and interest payments.
However if inflation sets in and interest rates rises there is no guarantee from the government that interest paid on the bonds will match the higher interest rate.
So legally this statement is correct, even though the investor can lose money as a result of higher interest rate in the future.
A 50 year old individual leaves a corporate employer and receives a $50,000 lump sum distribution from the pension plan. He rolls over $30,000 of the funds within 60 days into an IRA and deposits the rest to his checking account. The individual pays:___________
Answer:
The individual pays tax on the $20000 not roll over
Explanation:
A roll over is the withdrawal of cash or other assets from a retirement plan and then using part or all of it within 60 days into another retirement plan. Roll overs are not taxable.
The individual receives $50000 and rolls over $30000 of his funds. The roll over fund is considered as an income but it is not taxable since it was done within 60 days therefore the individual is tax on the money which was not roll over.
Money not roll over = $50000 - $30000 = $20000
Therefore the individual pays tax on the $20000 not roll over
This capital lease is recorded as an asset on the balance sheet of the lessee in an amount equal to the: A) dollar amount of each lease payment multiplied by the total number of lease payments in the original agreement. B) dollar amount of each lease payment multiplied by the number of lease payments remaining. C) dollar amount of each lease payment multiplied by the number of lease payments per year. D) present value of the remaining lease payments. E) lesser of the present value of the remaining lease payments or the present value of the lease payments for a one-year period..
Answer: e. lesser of the present value of the remaining lease payments or the present value of the lease payments for a one-year period..
Explanation:
The capital lease is recorded as an asset on the balance sheet of the lessee in an amount equal to the lesser of the present value of the remaining lease payments or the present value of the lease payments for a one-year period.
When signing a lease for a retail space, it's important to make sure the lease has a _______ clause, which releases the tenant from the lease if sales don't reach an agreed-upon amount. A.tenancy B.bail-out C.co-tenancy D.bankruptcy
Answer:
Option B (bail-out) is the correct approach.
Explanation:
For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.
Answer:
The answer is most definitely B.bail-out : )
Explanation:
Especially for retail space, be sure your lease includes a bail-out clause, which lets you out of the lease if your sales don’t reach an agreed-on amount, and a co-tenancy clause so you can break the lease if an anchor store closes or moves. If you have to do a lot of work to get the space ready for occupancy, consider negotiating a construction allowance—generally $10 to $25 per square foot—to help offset the costs.
What makes the managerial task of executing strategy so challenging and demanding is A. the trial-and-error experimentation that is required to come up with a workable organizational structure that can adapt to the mature stages of the industry life cycle. B. the demanding people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along. C. the time and effort it takes to build core competencies and a robust code of ethics. D. the time, training, and creative effort it takes to empower employees and teach them to communicate with their customers. E. the supervisory requirements associated with getting company personnel to do benchmarking.
Answer: B. the demanding people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along
Explanation:
The managerial task of executing strategy is so challenging and demanding because of the demanding people-management skills required, the resistance to change that has to be overcome, and the perseverance necessary to get a variety of initiatives launched and kept moving along.
The other options in the question are wrong, therefore option B is the correct answer.
In its 20X3 financial statements, Cris Co. reported interest expense of $85,000 in its income statement and cash paid for interest of $68,000 in its cash flow statement. There was no prepaid interest or interest capitalization either at the beginning or end of 20X3. Accrued interest at December 31, 20X2, was $15,000. What amount should Cris report as accrued interest payable in its December 31, 20X3, balance sheet
Answer:
$32,000
Explanation:
Calculation for the amount of accrued interest payable that should be reported
Using this formula
Accrued interest payable=Interest expenses- (Cash paid for interest -Accrued interest )
Let plug in the formula
Accrued interest payable=$85,000-($68,000-$15,000)
Accrued interest payable=$85,000-$53,000
Accrued interest payable=$32,000
Therefore the amount of accrued interest payable that should be reported will be $32,000
In the context of the principles of total quality management (TQM), _____ means collaboration between managers and nonmanagers, across business functions, and between companies, customers, and suppliers .
Answer:
Teamwork
Explanation:
In total quality management (TQM) teamwork refers basically to the same thing as it does in any other circumstance. I.e. working together in order to achieve a higher common goal. Teamwork is essential in every management theory, but TQM has a slightly different approach.
TQM sees teamwork as a means of creating interdependent quality circles. This means that employees and management must learn to work together as a team and must learn to depend on each other's work. It is basically like a goalkeeper that relies on his/her defense to help them avoid the opponent team from making goals.
A project is a series of tasks to produce one or more ________, which are items that you hand off to the client or management for their review and approval.
Hi there! Hopefully this helps!
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Answer: Deliverables~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"A project is a series of tasks to produce one or more Deliverables, which are items that you hand off to the client or management for their review and approval."
Which of the following statements regarding corporate bonds is most correct? a. Debentures are riskier than subordinated debentures because they are paid last in the event of bankruptcy.
Answer:
The answer is C. The interest rate on subordinated debentures is likely to be higher than the interest rate on debentures
Explanation:
The options to the question are under the 'Ask about this question'
Debentures are long-term security (bond) that is not secured by any collateral. It is being issued based on the past record of the issuer i.e the issuer's creditworthiness and also its reputation.
What is subordinated debenture? - This is also an unsecured loan but ranks below the table i.e some loans are above it in the ranking.
The interest or yield on subordinated debts is usually higher because it is more risky than the normal debentures.
Goods and services are purchased by businesses as well as by individuals. O a. True O b. False
Answer:
true
they are e.g like our capitalists
A mutual fund invested in bonds with medium-length maturities. As the bonds matured, the fund reinvested the proceeds and purchased long-term bonds with maturities of up to 20 years. What might have happened to the fund if the reinvestment had occurred during a period when interest rates were rising
Answer:
III and IV
Explanation:
As if the greatest the number of years for maturity, the chances of the risk is high also the long term bonds contains the high rate of interest as compared with the medium or short term bonds
Also if the fund replace with the medium to long term so the rate of interest could be highly charged that earned more income also if the rate of interest is increased the yield also increased
So based on the given option, the third and fourth option is correct
A special agreement between the lender and the borrower to delay a foreclosure is known as what...? Lis Pendens Postponement Forbearance Suspension
Answer:
Forbearance
Explanation:
Forbearance is a term used in mortgaging that means an agreement between two parties; borrower and lender, to delay foreclosure.
Forbearance according to the dictionary means to hold back. That is, delaying or postponing an event of debt default.
Cheers
As part of its integrated marketing communication strategy, Taco Bell utilized commercials aired during the Super Bowl. This form of ________ has an extremely large reach and hefty price tag.
Answer:
Advertising
Explanation:
As part of its integrated marketing communication strategy, Taco Bell utilized commercials aired during the Super Bowl. This form of advertising has an extremely large reach and hefty price tag.
Utilization of commercials aired during the Super Bowl as a form of advertising plan during integrated marketing is very crucial because it helps promote sales of the product in large quantities and it helps the product to be publicized. It should be noted that advertisment gives enhancement to image of an organization.