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
Shelby Cabinets, Inc. produces custom cabinets. The following inventory balances appeared on its balance sheet.
velikii [3]

Answer:

$855,000 yippie!!!

8 0
3 years ago
The supply curve of labor is upward sloping if:____________
horsena [70]

Answer:

Option A, “the substitution effect dominates the income effect” is correct.

Explanation:

If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.

6 0
3 years ago
Steve’s Lumber Company features a large selection of materials for flooring, decks, moldings, windows, siding and roofing. It is
liq [111]

Answer:

1. The major issue in the process is the lack of communication between different parties. The process being manually driven, might affect the customer satisfaction and lead to lost sales. The changes which need to be made is to make available the price information of different items at once, when the customer comes in to place an order. This can be made possible by asking the suppliers to send the updated sheet every morning before the day's business begins. It will be better if the entire uncatalogued as well as the price sheet is in electronic form, which can be updated immediately, as soon as the information is received from supplier in the morning. One better alternative is to connect the suppliers through an ERP so that their price might reflect at the company's end as soon as it is updated, It will reduce much hassle and mistakes that might creep in due to manual process.

2. a. The number of customers leaving per day / week to competitors due to inefficiency.

b. Total average delay in customer's order.

c. Customer satisfaction rating of the process as this will give the overall picture of customer's opinion about the company.

3. The information system might enable the suppliers to update their information each day which can then be used by the company reps to find out the right price of an item and enable him /her to provide the estimate immediately, leading to greater customer satisfaction, reducing the lost sales and eliminating the chances of a wrong quote being given.

4 0
3 years ago
What do economists mean when they use the word "land"?
Ede4ka [16]
In economics, the resource that encompasses the natural resources used in production
4 0
3 years ago
Read 2 more answers
I got called a street walker for this outfit,makeup and jewelry that i didn't even want to wear by my stepfamily when my cousin
yuradex [85]
You look like a burned victim
4 0
3 years ago
Other questions:
  • Moody Farms just paid a dividend of $3.25 on its stock. The growth rate in dividends is expected to be a constant 5 percent per
    7·1 answer
  • 3. A worker within the middle income class is preparing to retire. In the year before he retired, his gross monthly earnings are
    7·1 answer
  • Page Up and Page down fall in the _______ keys category
    12·1 answer
  • As the strategic manager of CutRite Scissors, you are tasked with producing a strategy forintroducing a new line of premium scis
    13·1 answer
  • ______ within the marketing channel can provide efficiencies and economies of scale as channel members take on tasks that best u
    8·2 answers
  • Disc uses​ activity-based costing. Two of Disc​'s production activities are kitting ​(assembling the raw materials needed for ea
    5·1 answer
  • A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sach
    9·1 answer
  • An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020.
    6·1 answer
  • Dream face revealed haha lol
    9·2 answers
  • A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!