In ___, a committee or group of people often make the buying decision and consider the organization's objectives, purchasing pol
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Answer: Please refer to Explanation.
Explanation:
Your question was incomplete so I attached the missing details.
The Carrying Amount of the Division has to be ascertained to move forward as it is needed in calculating the loss on Impairment. It is calculated by subtracting Goodwill from the Net Assets.
= 496 - 214
= $282 million
Calculating the Loss on impairment is done by the following formula,
= Market Price - Carrying Amount of the Division (net of Goodwill) - carrying value of Goodwill
= 335 - 282 - 214
= -$161 million.
Journal Entry
DR Loss on Impairment $161 million
CR Goodwill $161 million
(To record the loss on Impairment)
Answer:
Total Fees = $600
Explanation:
A Mutual Fund is a type of investment that pools funds from many individual investors into a singular investment product.
The fund is managed by a Fund Manager. The Fund Manager applies charges to the fund. The charges are income to the Fund Manager.
Front-end load: This is more like a Sales charge applied on the investment amount at the point of buying into the Fund.
Back-end load: This charge is applied on the redemption amount. It is meant to discourage the investor from withdrawing early form the Fund.
Annual fees: This are yearly charge applied on the investment amount.
Calculation:
Front-end load: $0 [Because the rate is 0%]
Back-end load:[2% of 20000] × 20000 = $400
Annual Charge: [1% of 20000] × 20000 = $200
Total Fees: [$400 + $200] = $600.