Answer:
Goodwill is calculated as A. The amount paid to purchase a business in excess of the market value of its net assets.
Explanation:
Goodwill is the quantification of the value of the name or reputation of a business. It is an intangible asset for the business that arises and is recorded as part of a business's value when it is sold. Goodwill is the additional amount paid by the buyer in excess of the amount that a business's tangible net assets are worth. Thus, goodwill can be calculated as the amount paid in to purchase a business in excess of the market value of its net assets.
For example, If a business is purchased for $100 whose net assets, which are Total assets less total liabilities, are worth $80. Then the goodwill is the $20 that is the difference of the amount paid to purchase the business and the value of its net assets.
The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
<h3>What are financial statement audits mostly focused on?</h3>
- In a financial statement audit, the auditor is able to determine with a reasonable degree of assurance whether there are no major misstatements in the financial statements.
- Cash can easily stolen or misplaced. As a result, it's critical to put internal controls in place to protect these assets and ensure that only authorized individuals have access to them.
- A fundamental internal control process is to deposit all cash receipts in the bank as soon as possible. Cash receipts are frequently deposited by businesses each day.
- The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
To learn more about Accounting mistakes at the business refer to:
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Answer:
D. Provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions.
Explanation:
As with reference to Sec 312(a) - it clearly states that all the amount rendered by the employer to the employee as in the nature of wages shall be included for computing the value of contributions.
Thus, as the bonuses and commissions are part of wages.
This clearly it creates the understanding that all the bonus and commissions received by the employee shall form part of wages for calculating the value of employer employee contributions towards the funds.
Answer:
The mini mart manager actually doing the right thing.
But The police still come and ask for the proof from the managers for the basis of the accusation
Explanation:
Most states in united states allowed Business establishment to legally detained the people who they suspect to be stealing. This action is protected under the probable cause.
But , there are several requirements that the business onwer needs to follow:
- They shall not intentionally harm the suspects
- They shall not publish the information about the case to the public unless the court determine that the suspect is guilty.
- The basis of the detain must be reasonable.
In the case above, the police will most likely come and ask the manager to provide proof. (usually by looking at the camera footage in the store or witnesses) . If the police believe the proof to be sufficient, the suspect will be processed accordingly.
Answer: Both the roles that Ramone played were specialist roles.
Explanation:
From the question it can be noticed that both job roles handled by Ramone the human resource manager of his company are specialist roles. A specialist job role involves an employee just handling a single special task for his/her organization. Employee benefits and requirements are both specific job tasks in human resources.
