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tester [92]
3 years ago
13

Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $19 million. The fair value of Midwest's assets

is $14.3 million. The fair value of Midwest's liabilities is $2.5 million. Calculate the amount paid for goodwill. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
Business
1 answer:
shutvik [7]3 years ago
4 0

Answer:

$7.2 million

Explanation:

For computing the amount paid for the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Fair value of Midwest's assets - fair value of Midwest's liabilities

= $14.3 million - $2.5 million

= $11.8 million

And, the acquisition price of the outstanding stock is $19 million

So, the goodwill would be  

= $19 million - $11.8 million  

= $7.2 million

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sergiy2304 [10]

Answer: True- An uncontrollable change in the marketing environment

Explanation:

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So, the main  fundamental marketing problem is illustrated based on the given scenario is that an uncontrollable change in marketing environment.

An uncontrollable factors basically influencing the various types of organizational factors such as performance, demographics and the technological factors.

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6 0
3 years ago
Read 2 more answers
According to the Porter (1996) article on Strategy, if there were only one ideal position in a market segment, there would be no
Brilliant_brown [7]

Answer:

True

Explanation:

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3 0
2 years ago
19) Which of the following is a fom of business organization that offers limited liability to its owners
Lisa [10]

Answer:

B. Corporation

Explanation:

Corporation is a complex structure of business ownership recognized as separate and distinct from its owners.  A corporation is subdivided into small units called stocks, equity, or shares. Each share or stock represents a small part of the company. Owning a share of a corporation is equivalent to owning a small portion of the corporation. A corporation issues shares to investors when it intends to raise additional capital. The shares of corporations are traded at the securities exchange markets.

Shareholders is the title given to owners of a corporation's shares. one feature of a corporation is that it offers its shareholders limited liability to the company's debts. Should the corporation fail in meeting its obligations, shareholders' personal assets cannot be used to settle the debts.

6 0
2 years ago
I am currently stuck on an application question on why I left my job. How would I awswer this question if I worked at an amuseme
finlep [7]

Answer:

Give the reasons that you wrote

Explanation:

If I were you I would put the reasons that you wrote above but just make it sound more professional. Ex: I left my job at (name of amusement park) in (month) of (year) due to health issues.

5 0
2 years ago
Assume banks are required to hold reserves equal to 20 percent of deposits. Instructions: Enter your responses as a whole number
stellarik [79]

Answer: $100

Explanation:

If the reserve requirement is 20% then the required reserves being held by the company is:

= Total deposits * reserve requirement

= 8,000 * 20%

= $1,600

The reserves held by the company of $1,700 comprise of both the required reserves and the excess reserves. The excess reserves will therefore be calculated as:

Excess reserves = Reserves - Required reserves

= 1,700 - 1,600

= $100

4 0
3 years ago
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