Answer and Explanation:
1. The amount of goodwill is shown below:
= Purchase price - the market value of net assets
= $6,000,000 - ($17,000,000 + $13,000,000)
= $2,000,000
2. Now the journal entry for purchase is
Assets $17,000,000
Goodwill $2,000,000
To Liabilities $13,000,000
To Cash $6,000,000
(Being the purchase is recorded)
For recording this we debited the assets and goodwill as it increased the assets and credited the liabilities and cash as it also increased the liabilities and decreased the assets
The correct answer is Laissez-faire.
Laissez faire is a style of leadership which uses hands-off approach by allowing the group to direct itself.
Laissez faire is termed as the economic system where there are free from intervention of government.
For example, tariffs, privileges, subsidies and regulations. It is a word which came from French to mean let it go.
Answer:
the available options for this question are,
A. associated; does not
B. associated; also does
C. not associated; does
and the correct answer is option B. associated; also does.
the purchasing power means the ability of a currency unit to purchase a specific amount of goods and services and this is directly in line with the internal inflation rate of an economy.
Explanation:
Answer: True
Explanation:
Strategic decisions do indeed take long-term commitment because they are meant to help the company in the long term not the short.
Strategic decisions usually set goals and achieve results in the long term. They are not expected to yield results in the short terms which is why MacDonald's pressed on with the all-day breakfast despite initial challenges.
(12-6)/12 gives you the growth rate *over five years* (115%)
divide that by 5 and you get an average rate of 23% growth per year.
If we’re rounding, yes, that statement is correct. Otherwise, growth over five years doubled because there was a growth of 115% and year-over-year growth was 23%.
