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3 years ago

define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today

1 answer:

8 0

Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.

Explanation:if Company A buys Company B for more than the fair value of Company B's assets and debts, the amount left over is listed on Company A's balance sheet as goodwill.

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Which is an example of someone who is cyclically unemployed?

Korolek [52]

Answer:

A. autoworker who is temporarily laid off from an automobile company because of a decline in sales. 

Explanation:

Cyclical unemployment is unemployment that occurs when full employment can not be met by the aggregate demand for goods and services in an economy.

This takes place during times of decreased economic growth or times of economic slowdown.

Cyclical unemployment is directly linked to the degree of macroeconomic behavior, which is the combined or collective activity of all economically involved individuals and entities.

Instead of linear, this overall trend is cyclical-economic activity tends to increase and fall rather than always rising or falling.

7 0

3 years ago

Big Trail Running Company has started to produce running apparel in addition to the trail running shoes that they have manufactu

Andrew [12]

Answer:

Option (C) is correct.

Explanation:

For Machining department,

Manufacturing overhead rate:

= Estimated Overhead cost ÷ Amount of allocation base

= [$1,000,000 ÷ (130,000 + 70,000) machine hours]

= $1,000,000 ÷ 200,000 machine hours

= $5.00 per machine hour

For Finishing department,

Manufacturing overhead rate:

= Estimated Overhead cost ÷ Amount of allocation base

= [$100,000 ÷ (9,000 + 71,000) direct labor hours]

= $100,000 ÷ 80,000 direct labor hours

= $1.25 per labor hour

8 0

3 years ago

Accrual accounting requires that the cost associated with the failure of credit customers to pay their bills should be recorded

Pepsi [2]

Answer:

Explanation:

Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the period when the credit sale occurred. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as selling expenses.

5 0

3 years ago

The fact that there are now more single people going on vacation is a behavioral trend observed in the hospitality and tourism i

dimulka [17.4K]

Answer:

true

Explanation:

7 0

3 years ago

A company reports the amounts below in its financial statements. Net cash flow from operating activities $37,570 Total net cash

balandron [24]

Answer:

Ratio will be 0.92

So option (A) will be the correct option

Explanation:

We have given net cash flow from operating activities = $37570

So net operating cash flow = $37570

Current liabilities at the bugging of the year = $38400

Current liabilities at the end of the year = $43200

So average current liabilities $=\frac{38400+43200}{2}=$40800$

We have to find the ratio of operating cash flow to current liabilities

So ratio will be $=\frac{37570}{40800}=0.92$

So option (A) will be the correct option

3 0

3 years ago

define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today​

define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today