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:
Total cash of $323,000 was paid during October.
Explanation:
The company had 167,000 accounts payable at the start of October after that they purchased a further 296,000 on account this means that their accounts payable during October were (296,000+167,000)= 463,000.
Now at the end of October they have remaining accounts payable of 140,000 which means that they paid off the rest, so we will subtract 140,000 from 463,000 in order to find how much cash was paid.
463,000-140,000= 323,000.
This is a bad financial move for several reasons:
- He doesn't have the money to pay back the loan now, and will not magically get more money later (even if he gets paid soon he already has more rent and other expenses to pay)
- If it is a high-interest loan and he makes the minimum payment each month, the interest will continue to grow and it will get harder and harder to pay off
- A TV that you owe money on is a liability not an asset. Borrowing money to get a car that you use to drive to work and earn money is one thing, but borrowing money to but a TV that will never earn you money is not a wise decision.
Answer:
The best overall price will be the bank offer because the cash disbursement are lower. Zara is looking for the cheapest overall price, which means the less cash disbursement regardless of the interest.
Explanation:
For the dealer option we need to calculate the cuota for an annuity of 66 month at 1.9% rate which a present value of 24,145 - 4,000 = 20,145
The cuota for the dealer will be 321.69447 = 321.69
321.69 x 66 = 21231.54 overall cash price
Bank couta will be the annuity of 48 months at 3.50%
here we are using the cash rebate so 24,145 - 4,000 - 750 = 19,395
Cuota from the Bank 431.01181 = 431.01
431.01 x 48 = 20688.48 overall cash price
