Answer:
Baxter
The amount of the Goodwill write-off required to be booked by Ajax at December 31, 2020 under the FASB rules effective in 2020 is:
= $130,000.
Explanation:
a) Data and Calculations:
Recorded Goodwill = $330,000
Book value of net assets = $400,000
Book value of all assets = $730,000 ($400,000 + $330,000)
Estimated fair value of company = $600,000
Goodwill impairment = $130,000 ($730,000 - $600,000)
b) The Goodwill impairment of $130,000 arose when the book value or the carrying amount exceeded the estimated fair value.
The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.
<h3>
How to calculate the value?</h3>
We use the formula:
A=P(1+r/100)^n
where
- A=future value
- P=present value
- r=rate of interest
- n=time period.
Hence future value Javier will be:
=$15000*(1.052)^27
=$58,954.40
For Alex:
58,954.40=P*(1.062)^27
P=58,954.40/(1.062)^27
=$11618.61
Hence difference will be:
=15000 - 11618.61
= $3381.39
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Answer:
Cost of merchandise sold = $ 28
Gross profit = $ 13
The ending inventory under the LIFO method = $ 18
Explanation:
Given:
October 5,
Purchased units = 1
Unit cost = $5
on October 12,
Purchased units = 1
Unit cost = $ 13
On October 28,
Purchased unit = 1
Unit cost = $ 15
Total cost of the 3 units purchased = $33
Now, the unit sold on October 31 will be the unit purchased in the end i.e on October 28
thus,
Cost of merchandise sold = $ 28
Gross profit = Selling price of the unit - Unit price of purchase
or
Gross profit = $ 28 - $ 15 = $ 13
now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18
Answer:
The statement is: True.
Explanation:
In management, devil teams are those composed of individuals who tend to have a critical way of thinking about ideas or methods of working proposed. Their objective is not to play the role of antagonists but to expose possible weak points on what is being proposed to them to improve it.
Answer:
1) UNDERWRITE involves the act of taking on any risk that might be related with the issue of a new security.
2. BEST EFFORTS is the responsibility of sharing a security without transferring the risk associated with the new issue from the company to the investors.
3. UNDERWRITING SYNDICATE involves a group of investors formed to share the risk of a security offering.
4.UNDER PRICING is the process of setting the price of a new security slightly below the market value to ensure a receptive sale.
5. AFTERMARKET is a secondary market where securities are traded after its initial offering to the public.
6.AGENT is one who sells or places an asset for another party.
7. SHELF REGISTRATION permits large companies to file one comprehensive statement with the Securities and Exchange Commission (SEC) outlining their financial plans for the next two years.
8. LEVERAGE BUYOUT occurs when either management or another investment group borrows the needed cash to rebuy all traded shares from the shareholders.
9. RESTRUCTURING involves the divisions and products are sold and assets redeployed into better yielding areas.
10. PRIVATIZATION is a situation Investors that take a company public, the investment bankers sell companies previously owned by governments.
