I found this data from Table 7.3
<span>
<span>
</span><span><span>
Labor
Input
Output
</span>
<span>
0 0
</span>
<span>
1 40
</span>
<span>
2 70
</span>
<span>
3 90
</span>
<span>
4 100
</span>
<span>
5 105
</span>
<span>
6 108
Labor Cost = Labor Input x 30
Output Sales = Output x 6
Revenue = Sales - Cost
</span></span></span><span>
<span>
</span><span><span>
Labor cost
Output Sales
</span>
<span>
0 0
</span>
<span>
30 240
</span>
<span>
60 420
</span>
<span>
90 540
</span>
<span>
120 600
</span>
<span>
150 630
</span>
<span>
180 648
</span></span></span><span>
<span>
</span><span><span>
Labor
Input Output Labor cost
Output Sales
<span> Revenue</span>
</span>
<span>
0 0 0 0 0
</span>
<span>
1 40 30 240 210
</span>
<span>
2 70 60 420 360
</span>
<span>
3 90 90 540 450
</span>
<span>
4 100 120 600 480
</span>
<span>
5 105 150 630 480
</span>
<span>
6 108 180 648 468
Labor Unit 4 and 5 both have a revenue of 480. It is the maximum revenue. I think the best option would be C. 4 UNITS.
Lesser cost to the company at a maximum revenue.
</span></span></span>
Answer: $214000
Explanation:
The amount of goodwill that should be recognized by Carla Vista Company when recording the purchase of Sandhill Company will go thus:
Book value of net assets = $1923000
Add: Excess fair value of tangible asset = $190500
Add: Excess fair value of intangible assets = $142500
Fair value of net assets = $1923000 + $190500 + $142500 = $2256000
Therefore, Goodwill will be:
=Cash paid for purchase - Fair value of net assets
= $2470000 - $2256000
= $214000
Answer:
Dr. Allowance for Doubtful Accounts...1,200
Cr. Accounts Receivable....................................1,200
Explanation:
When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:
A credit to Accounts Receivable (to remove the amount that will not be collected)
A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
Therefore the JOURNAL ENTRIES for the $1,200 uncollectible debt will be
Dr. Allowance for Doubtful Accounts...1,200
Cr. Accounts Receivable....................................1,200
Answer:
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Explanation:
