Answer:
Baxter
The amount of the Goodwill write-off required to be booked by Ajax at December 31, 2020 under the FASB rules effective in 2020 is:
= $130,000.
Explanation:
a) Data and Calculations:
Recorded Goodwill = $330,000
Book value of net assets = $400,000
Book value of all assets = $730,000 ($400,000 + $330,000)
Estimated fair value of company = $600,000
Goodwill impairment = $130,000 ($730,000 - $600,000)
b) The Goodwill impairment of $130,000 arose when the book value or the carrying amount exceeded the estimated fair value.
Being rational does not necessarily mean that you have to think what others might be thinking for rationality means you consider what is most beneficial and try to balance it out with the negative effects of a specific actions. The benefits and detriments of a certain act might be varied in each person.
Answer:
The correct answer is A. $18,276
Explanation:
First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.
You calculate the total amount saved for each year, using the formula:
Where
is the total amount in the savings account for this period.
is the total amount in the savings account from the previous period.
is the interest rate.
are the annual deposits being made into the savings account.
Therefore for the first year you'd do:
For the second year:
And so on. You can help yourself calculate the value of this series using programs like Excel.
I have attached an Excel file that has a table with the savings values for each of the 25 years.
So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):
In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.
Answer:
True
Explanation:
Value-based marketing is a shift from product centered to customer centered approach. Customer values and ethics are the primary drivers of this strategy.
When value- based pricing is done, the customer's perception of the value of goods and services is taken into consideration.
This is different from basing price on product cost or historical price.
Answer:
c. faces a downward-sloping demand curve for its product
Explanation:
Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.
Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.
