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Varvara68 [4.7K]
4 years ago
9

The balance sheet of Cattleman's Steakhouse shows assets of $86,800 and liabilities of $15,300. The fair value of the assets is

$89,200 and the fair value of its liabilities is $15,300. Longhorn paid Cattleman's $83,420 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of:____________
Business
1 answer:
Tamiku [17]4 years ago
5 0

$9,520

Explanation:

Calculation for to record goodwill on this purchase

Using this formula

Goodwill =Amount paid to acquire assets and liabilities-(Fair value of the assets-Fair value of its liabilities)

Let plug in the formula

Goodwill =$83,420-($89,200-$15,300)

Goodwill=$83,420-$73,900

Goodwill=$9,520

Therefore Longhorn should record goodwill on this purchase of:$9,520

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Budgeted material-handling costs are $50,000. The material-handling cost per wall mirror under ABC is: $2,000. $1,000.
zlopas [31]

Answer:

the  material handling cost per wall mirror is $500

Explanation:

The computation of the material handling cost per wall mirror is as follows;

= Budgeted material-handling costs ÷ material moves × moves ÷ number of wall mirrors

= $50,000 ÷ 20 × 5 ÷ 25

= $500

Hence, the  material handling cost per wall mirror is $500

The same is to be considered

4 0
3 years ago
What is an industrial good?
zloy xaker [14]
Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers. ... They are made up of machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms. In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.
4 0
3 years ago
On the acquisition date, Stryder reported net assets with a book value of $170,000. A total of $10,000 of the acquisition price
bekas [8.4K]

Answer:

$723,000

Explanation:

The consolidation is a process in which parent company acquires controlling interest in another company. Stryder's is a 100% owned subsidiary which had a book value of net assets $170,000. The consolidated amount of assets to be reported in the balance will be sum of parents assets plus subsidiary's assets. The consolidated statement shows the assets of subsidiary's on which parent has claims. The consolidation shows aggregated financial results of the two companies.

3 0
4 years ago
What are the kitchen tools and equipment needed to cook pancake.​
Firlakuza [10]
You need batter a pan something to flip with like a spatula. If you need to be specific you can say a whisk,a bowl, skillet,griddle,spatula.

Ingredients: flour, sugar,baking powder,salt,milk, butter,egg,oil

Added toppings as well such as syrup or something
7 0
3 years ago
If the inverse demand function is:
Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0
3 years ago
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