2×+y=11 7x=14 systems of Equations

Svetradugi [14.3K]

Answer:

The major theorists considered to have prepared the ground for Humanistic Psychology are Otto Rank, Abraham Maslow, Carl Rogers and Rollo May. Maslow was heavily influenced by Kurt Goldstein during their years together at Brandeis University. Psychoanalytic writers also influenced humanistic psychology. i hope this helps

Explanation:

7 0

3 years ago

g a. Provide the journal entry if the investor purchases the assets and assumes the liabilities of the investee company.

iragen [17]

Answer:

Debit : All assets bought at their Fair Value Amounts

Debit : Goodwill (if Payment is greater than Net Assets acquired)

Credit : All liabilities assumed at their Fair Value Amounts

Credit : Method of payment for example cash

Credit : Gain on acquisition (if Net Assets acquired are greater than Payment)

Explanation:

Hi, your question is incomplete, i tried to look for the full question online but i could not find it.

However, below is an explanation to solving the problem.

An acquisition of investee Assets and Liabilities is not a business combination transaction that requires preparation of consolidated financial statements.

A business combination is a transaction or event in which an ACQUIRER obtains CONTROL of one or more Businesses. So, if it is not a business, it is a mere ASSET ACQUISITION transaction.

Thus said, in our question investor purchases the assets and assumes the liabilities of the investee company, this is an Asset Acquisition transaction and not a Business Combination transaction.

The excess of consideration paid over the net assets acquired at fair value is called goodwill and must be recognized. If not the case the excess of net assets acquired over purchase price (gain on acquisition) must be recognized.

Below are the accounting entries to record an Asset Acquisition transaction.

Debit : All assets bought at their Fair Value Amounts

Debit : Goodwill (if Payment is greater than Net Assets acquired)

Credit : All liabilities assumed at their Fair Value Amounts

Credit : Method of payment for example cash

Credit : Gain on acquisition (if Net Assets acquired are greater than Payment)

5 0

3 years ago

Crane Water Co. is a leading producer of greenhouse irrigation systems. Currently, the company manufactures the timer unit used

stealth61 [152]

Answer:

Crane Water Co.

Total relevant cost to make or buy Make Buy

Direct materials $12

Direct labor 7

Variable manufacturing overhead 2

Direct fixed manufacturing overhead 6

Total relevant cost to make = $27 $33

Explanation:

a) Data and Calculations:

Annual production of timers = 46,000

Direct materials $12

Direct labor 7

Variable manufacturing overhead 2

Direct fixed manufacturing overhead 9

(30% salaries, 70% depreciation)

Allocated fixed manufacturing overhead 7

Total unit cost $37

Clifton Clocks offer price = $33

Total relevant cost to make or buy Make Buy

Direct materials $12

Direct labor 7

Variable manufacturing overhead 2

Direct fixed manufacturing overhead 6

Total relevant cost to make = $27 $33

b) Crane Water Co. will be in a better position if it continues to make the timer. It should not accept the offer from Clifton Clocks. The relevant cost to make is lower than the relevant cost to buy the timer from Clifton Clocks.

5 0

3 years ago

Legal fees paid in connection with the purchase of land are $1,500. select between asset or expense (b) Eduardo, Inc. paves the

victus00 [196]

Answer:

Legal fee paid = Asset

Driveway = Asset

Meat-grinding machine = Asset

Prepaid rent = Asset

Wages for construction of buliding = Asset

Wages for delivery truck = Expense

4 0

3 years ago

Read 2 more answers

Michelle, a professional counselor, is asked to talk to an ex-employee of GearTech Corp. about his performance issues. Michelle

weeeeeb [17]

Answer:

Gear Tech Corp.

Michelle is performing the role of a:

E. Outplacement counselor.

Explanation:

Outplacement counseling is provided to ex-employees to transition them from Gear Tech Corp. to other jobs outside this particular company because they have been laid off from their jobs. It is a kind of an employee benefit, which some companies provide because they are interested in ensuring that their ex-employees do not remain unemployed for long. A company like Gear Tech Corp. believes strongly that if ex-employees are not useful in the company, they can be more useful in other companies. For this purpose, the company can organize counseling programs for their relieved staff to set them on a smooth transition to outside roles that may be more appropriate for them.

6 0

3 years ago