Stereo speakers, new car, furniture, an expensive watch
Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
Explanation:if Company A buys Company B for more than the fair value of Company B's assets and debts, the amount left over is listed on Company A's balance sheet as goodwill.
<span>Regardless of the firm, most companies will do at least a bi-annual audit if not quarterly. In this case Ted would do the same amount of audits for either company, two to four depending on the companies frequency.</span>
Answer:
$37,000
Explanation:
Working capital indicates the difference between a company's current assets and its current liabilities.
Current assets include such as cash at hand, bank balances, cash equivalents, and inventories. Current liabilities are accounts payable, bills, and short term debts.
in this case,
Current assets include
Inventory $50,000
Cash at Bank $ 5,000
prepaid rent <u> $5,000</u>
Total current assets <u>$60,000</u>
current liabilities
Notes Payable $20,000
tax payable <u> $3,000</u>
Total current liabilities <u> $23,000</u>
Working capital
= $60,000 - $23,000
= $37,000
Answer:
The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40
Explanation:
It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units
From Production of 10500 units to 10501 units, there is an increment of 1 unit.
<u>Lets find the incremental cost of 1 unit.</u>
1.To do this we only consider variable manufacturing costs only.
2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.
3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.
Extra 1 Unit
Direct materials $6.70
Direct labor $3.50
Variable manufacturing overhead $1.20
Total Cost $11.40
