Answer:
Explanation:
Calculation of Goodwill -
$ in Million $ in Million
Consideration given $ 590
Less: F.V of Harman's net assets
Assets
631
Less: F.V of Liabilities
(169) (462)
Goodwill on acquisition $ 128
2. The impairment loss Pesky would recognize at the end of year 2021 is $ 68 million , since the book value of the net assets exceeds its fair value.
Calculation :-
$ in million $ in million
Goodwill 128
Less Implied value of goodwill
F.V of Harman's, Inc
570
F.V of Harman's net assets (excluding Goodwill)
(510) (60)
Impairment Loss $ 68
3. Journal entry to record loss:
Dr Cr
Loss on impairment of goodwill Dr $ 68 million
Goodwill
$ 68 million
(To record the impairment loss
Answer:
Explanation:
A vending machine is a machine that provides items which includes snacks, beverages, lottery tickets etc to consumers after cash, or a credit card is inserted into the machine. In addition, they are usually automated.
Mail order houses on the other hand, are companies that sell or manage mail orders. They sell their products through mail and there usually is no direct contact between the seller abs the buyer.
Mail order houses eliminates the use of middlemen: this is one of the most important usefulness of mail order, eliminating the use of middlemen thereby saving both the buyer and seller whatever they should have parted with for the middleman.
Bad debt is non existent: Mail order houses do not give out credit to customers, and as such, bad debts never come into the scenario.
Convenience: Mail orders typically deliver to the doorstep of customers. This is very convenient for the customers.
Products handled by mail order include;
Office supplies
Jewelry
Computer hardware
Beauty products
Products handled by vending machines include;
Beverages
Snacks
Lottery tickets
Cigarettes
Answer:
Organizational justice
Explanation:
Organizational justice concerns employees' understanding of fairness, results, and processes within a company. Distributive, procedural, and interactional are the three types of organizational justice that companies must embrace in order to have happy and productive employees.
Answer:
Traditional financial guidelines suggest that your home should cost about five times your annual income
Explanation:
Renting an apartment would be less costly initially till the point present value of rental payments equals the purchase cost of the apartment, beyond which such an alternative turns costly.
Individuals need to decide whether to rent or buy in the light of financial factors, lifestyle preferences, etc. Financial factors relate to the availability of finance to fund buying and how steady the finance could be in next few years.
The property owner is eligible for tax deductions with respect to interest payable on home loan and property taxes paid during the period. Such deductions are not available to the tenant.
The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income.
