1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IRISSAK [1]
3 years ago
10

Northwest Catering owns and operates several restaurant services in Oregon, Washington, and Idaho. One restaurant chain has expe

rienced sharply declining profits. The company's management has decided to test the operational assets for possible impairment. The relevant information for these assets is presented:Book value $4.3 millionEstimated total future cash flows 5.4 millionFair value 3.0 million. Determine the amount of the impairment loss, if any.
Business
1 answer:
Tcecarenko [31]3 years ago
7 0

Answer:

1.3 million  Impaired asset is the determined amount

Explanation:

Asset impaired as the estimated fair value cash flows is lower than book value

Impairment loss = Fair value - Book value  

= 3.0 million - 4.3 million

= 1.3 million Impaired asset

An impaired asset is an asset that has a market value less than the value which was disclosed on the organisation balance sheet. When an asset is said to be impaired, it will need to be written down on the company's balance sheet to its current market value.

You might be interested in
Which statement best describes how an informational interview differs from a job interview
snow_tiger [21]
The correct answer is A)
8 0
3 years ago
Read 2 more answers
If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal
SIZIF [17.4K]
Income                   $42,500
Less:
Deductions           <u>           0</u>
Taxable Income    $42,500
Tax rate                  <u> x        10%</u>
Tax payable             $4,250

Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).


5 0
4 years ago
Determine the market potential for a product that has 20 million prospective buyers who purchase an average of 2 per year and pr
Gnoma [55]

4,000,000 units should be sold a company

<u>Explanation:</u>

<u>Calculating the sales in units:</u>

It has been given that the toal market demand is $20 million, average quantity purchased by buyer per year is 2 units, price average is $50, and the desired share of the market is 10%.

Q=n * q * p

Where:

Q = Total market demand,

N = number of buyers in the market, q = average quantity purchased by the buyer per year,

P = price of average unit

$\mathrm{Q}=20,000,000$ buyers $* 2$ per unit per buyer $* \$ 50$ per unit

= $2,000,000,000

Market share = $(20,000,000 \text { buyers } * 2 \text { units per buyer }) * 0.1$

= 4,000,000 units

Hence, the company should sell 4 million units to achieve 10 percent market share.

6 0
3 years ago
Which technology is most likely found in applications such as asset tracking, smart keys, and toll collection?
777dan777 [17]

The technology that was found in applications such as asset tracking, smart keys and toll collection is the Electronic Collection System. This system is very effective especially in the toll collection because it makes the payment and collection of toll fees easy. The payment is automatically debited to the account of the owner.

7 0
3 years ago
A stock was purchased for $51 a share and sold eleven months later for $54 a share. If the shares were purchased totally with ca
nekit [7.7K]

Answer: 5.88%; 8.40%

Explanation:

In finance, the holding period return is simply the return that a portfolio or an asset has accrued during the entire period that the asset or portfolio was being held. It is a way of measuring the performance of an investment.

Based on the information that have been provided in the question,

HPR without margin will be:

= ($54 - $51)/$51

= $3/$51

= 0.588

= 5.88%

HPR with margin will be:

= ($54 - $51)/($51 × 0.70)

= $3/($35.7)

= 0.84

= 8.40%

7 0
3 years ago
Other questions:
  • Wolfpack Construction has the following account balances at the end of the year.
    15·1 answer
  • When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates i
    9·1 answer
  • If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales
    12·1 answer
  • Causwell Company began 2018 with 11,000 units of inventory on hand. The cost of each unit was $4.00. During 2018 an additional 3
    7·1 answer
  • Why is katherine johnson an icon
    8·1 answer
  • When the economy is growing, total output is _____ and total income is _____.
    14·2 answers
  • Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign g
    6·1 answer
  • Which one of the five generic competitive strategies most closely approximates the competitive approach that Under Armour is emp
    15·1 answer
  • How is an emergency fund simalar to and different from a savings fund?
    13·1 answer
  • Freeman Co. acquired another business and paid (among other amounts) $64,800 for its goodwill in 2018. On December 31, 2020, the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!