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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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Ifre chapter 1, conceptual multiple

geniusboy [140]

Answer:

Explanation:

When the future revenue producing ability of the inventory is above its original cost the

companies should reports their inventory value with LCNV method.

5 0

3 years ago

arris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S

Komok [63]

Answer:

$12,500

Explanation:

Absorption costing consider all the cost incurred in production either variable or fixed as production cost and all the operating costs as the period costs. It calculates the gross profit after deducting the cost of goods sold from the net sales and net income after deduction the operating costs from the gross profit.

First of all we need to calculate the product cost.

Manufacturing cost

Direct materials $19

Direct labor $61

Variable manufacturing overhead $7

Fixed manufacturing overhead $15

($135,000/9,000)

Total Product cost $102

Now We will calculate the Net Income

Sales (8,600 x $116) $997,600

Less: Cost of goods sold (8,600 x $102) $877,200

Gross Profit $120,400

Less:

Variable selling & admin expense $99,000

($11 x 9,000)

Fixed selling and admin expense $8,900

Net Income $12,500

6 0

3 years ago

Ted failed to disaffirm a contract during his minority or within a reasonable time after reaching majority. The contract was aut

Vlada [557]

Answer:

Ratified

Explanation:

6 0

3 years ago

The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assis

velikii [3]

Answer:

The University of Dental Health (UDH)

Functions Type of Center

Accounting Cost Center

Bookstore Profit Center

Cafeterias Profit Center

Career services Cost Center

Community workshops Profit Center

(providing

continuing professional

education necessary for

state licensure)

Custodial services Cost Center

Financial aid Cost Center

Human resources Cost Center

Information technology Cost Center

Residence halls Profit Center

Student parking lots (fee based) Profit Center

University newspaper/radio station Cost Center

Explanation:

The UDH's cost center is a department or function that does not directly contribute to its profitability but costs it money to operate its activities. A profit center, on the other hand, directly contributes to the University's profitability by generating revenue through its activities. Please, note that the dividing line is thin. The determinant factor depends on the choices and efforts made by an organization's management to commercialize some of its internal services.

3 0

3 years ago

_____________ occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.

andriy [413]

An oligopoly occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.

Oligopoly markets are markets dominated with the aid of a small range of suppliers. They can be determined in all international locations and throughout a large range of sectors. some oligopoly markets are aggressive, even as others are appreciably much less so, or can as a minimum seem that way.

A number of the most exquisite oligopolies within the U.S. are in film and television production, recorded track, wi-fi companies, and airlines. for this reason the 1980s, it has become greater, not unusual for industries to be ruled with the aid of or three companies. Merger agreements among foremost gamers have ended in industry consolidation.

An oligopoly is a market structure in which a market or enterprise is ruled by means of a small wide variety of big sellers or manufacturers. Oligopolies regularly end result from the choice to maximize profits, leading to collusion among corporations.

Learn more about oligopoly here brainly.com/question/3227891

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3 0

1 year 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