Profit - Liabilities = Income
The most likely reason for this tradition is that it helps
the employees to open up to each other, by opening up to each other, members in
the team will likely be comfortable with each other and would contribute to
having a strong relationship among the members or the team.
Answer: True
It is true that foresters may work in private companies or firms and so with government agencies and offices. However, it is believed that foresters in government agencies have better benefits compared to foresters working in special and private firms.
Answer:
If the firm is going to need less than 50,000 motors, they should purchase them from the outside vendor.
If the firm is going to use between 50,000 to 59,999 motors, it should use process A.
If the firm expects to use 60,000 or more motors per year, it should use process B.
Explanation:
Process A:
contribution margin per unit = $11 - $7 = $4
break even number of units = $200,000 / $4 = 50,000 units
Process B:
contribution margin per unit = $11 - $8 = $3
break even number of units = $180,000 / $3 = 60,000 units
Answer:
1. a) $150,000
2. c) $30,000
Explanation:
1) Goodwill of Controlling Interest = Purchase price - (FMV of Net Asset * % ownership)
= $1,600,000 - ( $1,850,000 * 80%)
= $120,000
Total amount of goodwill recognized at the date of acquisition = Goodwill of Controlling Interest / %ownership
= $120,000 / 80%
= $150,000
2. Amount of goodwill to be attributed to the non-controlling interest at the date of acquisition = Total amount of goodwill recognized at the date of acquisition - Goodwill of Controlling Interest
= $150,000 - $120,000
= $30,000