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stealth61 [152]
3 years ago
9

Your recently widowed grandma says, “i feel granddaddy's presence all the time. he's actually guiding me to do the right thing.”

which reaction should you have?
Business
1 answer:
Tema [17]3 years ago
6 0
The reason that the grand ma is recently widowed will make it likely that the person should treat her in a way that her feelings won't get hurt. The likely response for the given scenario above is to tell her that grand pa is probably doing that, in order for her to be happy and not to deny in a way that she is experiencing it because she longs for him and misses him.
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What is the basic equation of an income statement? Select one: a. Assets = Revenues – Expenses b. Net income or loss = Revenues
Mashutka [201]

Answer:

c. Assets = Liabilities + Equity

Explanation:

Assets = Liabilities + shareholders equity is also known as the balance sheet equation.

It is the basis for the double-entry bookkeeping system

7 0
3 years ago
Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and
hoa [83]

Answer:

The amount of goodwill that is recorded by Large is $5 million

Explanation:

Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.

Net assets in the sense implies the fair value of total assets less fair value of liabilities.

Fair value of total assets is $9 million

Fair value of liabilities    is $3 million

As a result net assets upon acquisition  is $6 million($9 million less $3 million)

Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).

The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition

8 0
3 years ago
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise Funds, two Internal Service F
NeTakaya

Answer:

c. Four (4)

Explanation:

5 0
3 years ago
Ye’ Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by d
mihalych1998 [28]

Answer:

The EOQ is 642

The reorder point is 2,699

Explanation:

In order to calculate the EOQ we would have to calculate the following formila:

EOQ=√2DS/H

According to the given data we have the following:

D = 55,000

S = 21

H=40%*purchase cost

H=0.4*14 = 5.6

Therefore, EOQ=√(2*55,000*21)/5.6

EOQ=642

To calculate the reorder point If a service level of 98% is desired during the reorder interval, we would have to use the following formula:

reorder point=dL+z√σ∧2dL+σ∧2Ld∧2

reorder point=(7*205.22)+√(2.05*√(5∧2*7)+(3∧2*205.22∧2)

reorder point=2,699

7 0
3 years ago
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