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icang [17]
3 years ago
10

A company has the following expenditures during the year. Advertising $ 100,000 Employee training 80,000 Customer outreach and c

onsultation 50,000 The company believes that these efforts have increased the fair value of the entire company by $325,000. How much goodwill can the company recognize at the end of the year associated with these expenditures
Business
1 answer:
alukav5142 [94]3 years ago
7 0

Answer:

$0

Explanation:

Given that

Advertising expenses = $100,000

Employee training  = $80,000

Customer outreach and consultation = $50,000  

Since it is mentioned that this cost would be increased the fair value of the entire company by  $325,000  

So there is no information related to the takeover of the business so in this case, the goodwill recognized by the company is zero

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mina [271]

Answer: $950 Unfavorable

Explanation:

Following the information given in the question, the budgeted operating cost will be calculated as the addition of the fixed cost and the variable cost given and this will be:

= $2,980 + ($328 × Level of activity)

= $2980 + ($328 × 20)

= $2980 + $6560

= $9540

Since the actual operating cost is $10,490, then the Spending Variance for the vehicle operating cost will be:

= Flexible Budget - Actual Budget

= $9,540 - $10490

= $950 Unfavorable

7 0
3 years ago
Don sends an e-mail to Eve, promising her a percentage of the amount in a foreign bank account if she will assist in transferrin
aleksandrvk [35]

Answer:

b) cyber fraud

Explanation:

Based on the information provided within the question it seems that this is an example of cyber fraud. This refers to a fraud or deception that is done over the internet with the goal of tricking victims in a variety of different ways in order to steal their money, property or even inheritance. Which is the case in this scenario as Don tricked Eve into providing her U.S. bank account, which he used to gain access and steal all her funds.

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3 years ago
Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on interna
MissTica

Answer and Explanation:

The SoX sarbanes oxley act of 2002 was enacted to address company fraud that was exemplary of Eron and worldcom and bring back the confidence held in the financial market

It was meant to increase the effectiveness of internal control in companies in keeping accounting records or financial reports reliable and fraud-proof. The SOX act increased the independence of company auditors making their reports more reliable as they didn't have to compromise because they were dependent on top managers. In addition top managers were held responsible for any fraud in accounting statements and so were to certify the reliability of reports released to the public

4 0
4 years ago
Which of the following is not a financial intermediary?
EastWind [94]

Answer:

Commercial business.

Explanation:

An institution that facilitates the channeling of funds between lenders and borrowers indirectly. And this all are the examples of the same.

Banks.

Mutual savings banks.

Savings banks.

Building societies.

Credit unions.

Financial advisers or brokers.

Insurance companies.

Collective investment schemes.

cooperative societies

Stock exchanges

Commercial business is not a financial intermediary, but this includes the distribution of goods & services and this include all the asset and liabilities of the business and doesn't take into account the operations.

4 0
3 years ago
A cowboy enters town on friday. he stays for three days and leaves on friday. how did he do it?
Art [367]
His horse's name is friday, so therefore he can enter and leave town on the same horse. :P
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3 years ago
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