1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka2103 [35]
3 years ago
8

The balance sheet of Flo's Restaurant showed total assets of $320,000, liabilities of $88,000 and stockholders’ equity of $282,0

00. An appraiser estimated the fair value of the restaurant assets at $365,000. If Alice Company pays $425,000 cash for the restaurant, what is the amount of goodwill? Multiple Choice $105,000 $148,000 $143,000 $60,000
Business
1 answer:
SashulF [63]3 years ago
3 0

Answer:

The answer is $148,000

Explanation:

Goodwill comes into effect or arises when a company acquires another company. Goodwill is an intangible asset. It is difference between the purchase price of a company and the net asset(total assets minus total liability)

Purchase price is $425,000

Fair value of the asset is $365,000

Total liability is  $88,000.

Net asset =  $365,000 - $88,000

=$277,000

Therefore, goodwill is $425,000 - $277,000

= $148,000

You might be interested in
Revenues for United Parcel Service (UPS) come from the following business segments: 61 percent from U.S. package delivery operat
Rus_ich [418]

Answer:

B

Explanation:

This is a dominant business strategy. As a dominant business, operations starts in one major industry and then the firm expands by purchasing businesses or creating new firms.

UPS has a dominant strategy because of the different business segments in the firm. 61 percent from U.S. package delivery operations, 22 percent from international package delivery, and 17 percent from non-packaging operations.

3 0
3 years ago
Which choice is not a characteristic of a competitive market?
sukhopar [10]
A


Wiksoxococovivsmwldkckcdoe
5 0
2 years ago
The emirates group has a workforce comprised of individuals with 160 different nationalities. Suppose that one individual is con
spin [16.1K]

The individual is being Ethnocentric.

Ethnocentrism, whether conscious or unconscious, is a term that applies to cultural or ethnic bias, where individuals see the world from the perspective of their own group and establish their own group as a prototype. And evaluate all other groups in relation to that ideal.

People with ethnocentrism judge other cultures by comparing them with their immediate culture. Ethnocentrism Americans may overlook the unique charm of any city in the world compared to New York City. If you use the standards of your own culture to judge another culture, you are ethnocentric.

"Ethnocentrism" is a commonly used word in circles where ethnicity, interethnic relationships, and similar intergroup issues are important. The usual definition of this term is "think your group is better than the other" or "decide that the other group is inferior to your group".

Learn more about Ethnocentric here: brainly.com/question/4458198

#SPJ1

8 0
2 years ago
A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to
nasty-shy [4]

Answer:

Correct Answer:

a. Manufacture the product at home and let foreign sales agents handle marketing.

Explanation:

For the small Canadian company, manufacturing the product at home (Canada) would afford them the opportunity to protect their new medical product from piracy. Also, they would be able to receive tax incentives from their government as well file for patent of their new innovation.

<em>The foreign agent would strictly be focused on the marketing of the finished product without having access to the detailed information of the product.</em>

8 0
3 years ago
Since graduating from college five years ago, you have worked for a national chain of men's clothing stores. You have held sever
anzhelika [568]

Explanation:

Sole Propietorship:

Individual ownership is a form of business that is facilitated, where there are not so many rules and formalities and taxes are paid on the company's income. In this business model, there is a single owner of the enterprise who manages the business and is the only one responsible for the company's debts and profits.

The advantages are: low opening cost, low taxes, greater control, easier selling

The disadvantages are: greater liability for debts, less attraction for investors

Partnership:

A partnership is a business model where two or more people come together to open a new business together. Which means sharing responsibilities arising from the business.

The advantages are: less formality than a limited partnership, more simplified accounting, shared responsibilities, easier opening that can be agreed in writing.

The disadvantages are: conflicts over business disagreements, personal conflicts can hinder business, lack of stability, debt sharing

Corporation:

A company is a legal entity, which separates itself from its owners and acquires its own legal responsibility.

The advantages are: tax benefits, less personal responsibility, greater investment attraction, greater capital generation.

The disadvantages are: greater formalization, greater need for capital, greater inspection, greater payment of taxes, greater social and environmental responsibility.

<u><em>What do you think of the proposed name for the business, The Style Shop?</em></u>

The proposed name for the business should be a more specific name, as the name is very generic, there is no specificity that guarantees greater clarity about what the business offers and for whom. An ideal name should be more focused on your potential audience and easier to identify.

3 0
3 years ago
Other questions:
  • A description of the processes you use to ensure that results meet the specified quality standards is a _____.
    11·2 answers
  • Why does mercedes oil change cost so much?
    12·1 answer
  • Which definition is the correct definition of "risk-based financing"?
    5·1 answer
  • uring a recession, which of the following is true? A. Consumer staple stocks rise on expectations that consumers will continue t
    12·1 answer
  • Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000.
    15·1 answer
  • Wilmington, Inc. brands touch the lives of people around the world in 180 countries and territories. The P&amp;G community consi
    5·1 answer
  • Multiple Choice Question Which of the following is the correct statement about variable costs? The variable cost per unit will i
    9·1 answer
  • Rugen Inc., a hospitality chain, hired a large number of military veterans in the hope that it would help put the business in a
    6·1 answer
  • Whenever significant expansionary policies are implemented and left in place for at least half a year or more, the likely result
    13·2 answers
  • International businesses need to understand the nature of the globalization debate and observe how their own practices may act i
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!