Answer: the goodwill is $5000
Explanation:
We don't take into account $60,000 because we are going to use the fair value or the reasonable price.
Net assets = Assets-liabilities
Net assets = $98,000 - $23,000
Net assets= $75,000
Burrough Corporation pay $. 80,000 (We don't take into account $3000 paid to another firm)
So the goodwill pay is $80,000-$75000= $5,000
Answer:
9,200 favourable
Explanation:
Calculation for direct materials quantity variance for last month
First step is to calculate the Standard quantity
Standard quantity = 6,800 units × 2 gallons
Standard quantity = 13,600gallons
Now let Calculate direct materials quantity variance for last month Using this formula
Direct materials quantity variance = Standard Price × (Standard Quantity - Actual Quantity)
Let plug in the formula
Direct materials quantity variance = $4 × (13,600 gallons - 11,300gallons)
Direct materials quantity variance = $4 × 2,300 gallons
Direct materials quantity variance = $9,200 favorable
Therefore The direct materials quantity variance for last month was $9,200 favourable
Answer:
may be liable for both the negligent and intentional acts.
Explanation:
In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior
Therefore the second option is correct
A 401(k) is a good long-term investment strategy hope it helps
