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STALIN [3.7K]
3 years ago
13

In 2020, Mowchan Inc. acquired Sanchez Co. and recorded goodwill of $290 million as a result. The net assets (including goodwill

) from Mowchan’s acquisition of Sanchez Co. had a 2021 year-end book value of $1,160 million. Mowchan assessed the fair value of Sanchez at this date to be $1,020 million, while the fair value of all of Sanchez’s identifiable tangible and intangible assets (excluding goodwill) was $900 million. The amount of the impairment loss that Mowchan would record for goodwill at the end of 2021 is ____
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

$170 million

Explanation:

First we must calculate the implied fair value of goodwill:

fair value of goodwill = Sanchez's fair value - Sanchez's asset valuation = $1,020 million - $900 million = $120 million

impairment loss = recorded goodwill - fair value of goodwill = $290 million - $120 million = $170 million

An impairment loss is a loss generated by the decline of an asset's fair value.

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Which one of the following statements about strategic groups and strategic group mapping is false?
katrin2010 [14]

Answer:

B. Part of strategic group map analysis always entails drawing conclusions about where on the map is the best place to be and why.

Explanation:

A strategic group is a classification of a companies or businesses in an industry based on their competitive strategy and business model. Variables such as their pricing, and what gives them an edge in competition are considered. Strategic group map analysis(used in identifying strategic groups) pays attention to where a business falls in strategic competition and the competitive dynamics of the industry. strategic group map analysis is not concerned with identifying the best competitive position for a business and why it should be in this position

5 0
3 years ago
The accountant at Metlock, Inc. is figuring out the difference in income taxes the company will pay depending on the choice of e
Lisa [10]

Answer:

$339

Explanation:

Computation of the given data are as follows:

Income before tax in FIFO = $15,730

Tax rate = 30%

So, the Tax amount for FIFO = $15,730 × 30%

= $4,719

And, Income before tax in LIFO = $14,600

Tax rate = 30%

So, the Tax amount for LIFO = $14,600 × 30%

= $4,380

So, the difference in tax amount = Tax amount for FIFO  - Tax amount for LIFO

= $4,719 - $4,380

= $339

6 0
3 years ago
Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
Tasya [4]

Answer:

organizational story

Explanation:

Heidi Ganahl -  

She is a very famous author , businesswomen and entrepreneur , the very founder of the Camp Bow Wow , which is a franchise for pet care.  

Heidi Ganahl is characterised as an organizational story for her franchise Camp Bow Wow , where the people working in the camp Bow Wow all listen to the inspirational stories of her life , and feel motivated to do the same .

Hence , from the given information of the question,  

The correct term is organizational story .

6 0
4 years ago
The promotional mix includes advertising, personal selling, sales promotion, __________, and direct marketing. A. public relatio
krok68 [10]

Answer: option "A" is correct

Explanation:

It's an official context for other options.

6 0
3 years ago
A local business woman borrows $14,000.00 at $299.70 per month for 62 months, how much total
eduard
If you multiply $299.70x 62- 14,000months you get = 4,581.4 so yeah
4 0
4 years ago
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