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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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The price of a bond with no expiration date is originally $1,000 and has a fixed annual interest payment of $150. If the price o

Lelu [443]

Answer:

16.7 percentage

Explanation:

bond price = $1000 - $100 = $900

fixed amount / bond price * 100 = IR

(150/900) * 100 = 16.7%

The reason for this equation is that interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal.

originally the price if the bond is $1000 which later falls by $100, so that leaves us to a $900 bond rate.

The interest rate is typically noted on a annual basis known as the annual percentage rate (APR).

4 0

3 years ago

Read 2 more answers

Marin Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2017. Expenses for 2017 were cost of goods

katovenus [111]

Answer:

The answer follows below;

Explanation:

Marin Corporation

Income Statement

For the year 31, xxxx 2017

Sales $2,427,500

Cost of Goods Sold ($1,465,500)

Gross Profit $962,000

Operating Expenses

Admin. Expenses ($220,600)

Selling Expenses ($289,300)

Interest Expense ($47,900)

Total Operating Expenses ($557,800)

Operating Income $404,200

Non Operating Income

Interest Income $40,000

Total Income before Taxation $444,200

Taxes (444,200*30%) ($133,260)

Net Income after Taxation $310,940

6 0

4 years ago

Read 2 more answers

A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

bonufazy [111]

I would tell them were other store you can by it that can have there produce available

6 0

3 years ago

Tanek Corp.’s sales slumped badly in 2017. For the first time in its history, it operated at a loss. The company’s income statem

Levart [38]

Answer:

a) Break-even point in dollar for 2017

Contribution margin ratio = Contribution Margin/Sales

C.M Ratio = (Sales - Variable Cost)/Sales

C.M Ratio = $(2,500,000-1,750,000)/2,500,000

C.M Ratio = 0.30 or 30%

Break-even point in dollars = Fixed expense/C.M Ratio

B-E point ($) = $850,000/0.30

= $2,833,333.33

Alternative 1

Sales Price per unit after increasing 20%,

Sales Price = ($5*0.2) + $5 = $6

Total Sales ($) = (Sales Price x Sales Units)

Total Sales ($) = ($6*500,000) =$3,000,000

Contribution margin ratio = Contribution Margin/Sales

C.M Ratio = ($3,000,000- $1,750,000)/$3,000,000

C.M Ratio = 0.42 or 42%

Break-even point in dollars = Fixed expense/C.M Ratio

B-E point ($) = $850,000/0.42

= $2,023,809.52

Alternative 2

Commission = $2,500,000*5% = $125,000

Change in fixed annual salaries = $150,000-$60,000 = $90,000

Total fixed costs after deducting the changes in fixed salaries = $850,000-$90,000 = $760,000

Contribution margin ratio = Contribution Margin/Sales

C.M Ratio = (Sales - Variable Cost - Commission on sales)/Sales

C.M Ratio = ($2,500,000-$1,750,000-$125,000)/$2,500,000

C.M Ratio = 0.25 or 25%

Explanation:

Sales = $2,500,000

Sales Unit = $2,500,000/500,000 = $5

Variable Cost = 1,750,000

Fixed costs = $850,000

7 0

4 years ago

The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sol

skad [1K]

Answer:

sold

Explanation:

6 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