1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Assoli18 [71]
3 years ago
11

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:
Karo-lina-s [1.5K]3 years ago
8 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

You might be interested in
EASY 20 POINTS
Alex Ar [27]

1. an employee stock ownership plan

2. skill variety

3. job sharing plan

4. institute a recognition program to honor top performing employees

5. employees of many companies are "on call" throughout the day

8 0
3 years ago
Your health club is offering a free one-year membership for the person who attends the most yoga classes in March. This results
nalin [4]

Answer:

The economic principle is "people usually exploit opportunities to make themselves better off".

Explanation:

Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.

So, there is an opportunity for every individual to get a free one year membership. <em>So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. </em>This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, <em><u>this will tend every individual to grab and exploit that opportunity to make themselves better off.</u></em>

Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".

4 0
2 years ago
During 2019, Dowdy, a C corporation, realized a long-term capital gain of $8,000 from the sale of a tract of land, a short-term
postnew [5]

Answer:

The answer to the following question is $4000.

Explanation:

Dowdy which is a C corporation, has a total of $14,000 in capital gain, in which $8000 comes from sale of tract land and rest of $6000 comes from sale of stock. And the company also has a capital loss of $18,000. So here the company is having a long term capital loss of $4000 ( $18,000 - $14,000 ), and this C corporation can deduct this long term capital loss from their taxable income ( the year in which loss was incurred ) . If in a situation, loss is not deducted from this year , then it can be carried 3 years or 2 years or even 1 years back and if there is capital gain , it can be deducted from it.

8 0
3 years ago
All of the following are permitted investments in individual retirement accounts except: _______
yaroslaw [1]

All of the following are permitted investments in individual retirement accounts except commodity futures.

<h3>What is commodity futures?</h3>

Contracts for the purchase or sale of commodities at a predetermined price and on a specific date in the future are known as commodity futures contracts. Along with financial instruments and currencies, commodities also include things like metals, oil, grains, and animal goods. With a few exceptions, trading in futures contracts must take place on a commodity exchange's trading floor.

The federal government agency that oversees the trading markets for commodity futures, commodity options, and commodity swaps is called the Commodity Futures Trading Commission (CFTC). The National Futures Association (NFA), the independent regulator for anyone who trades futures with the public, requires registration from anyone who advises futures traders or engages in futures trading.

To know more about commodity futures, visit:

brainly.com/question/27818554?

#SPJ4

5 0
1 year ago
Finding dominant strategies is often a very way of analyzing a game. Consider the following game: Microsoft and Apple are the tw
STALIN [3.7K]

Answer: Option A -- Choosing low is a weakly dominant strategy for Apple.

Explanation: Dominant strategy in a game theory can be defined as the course of action that occurs when one strategy/player is better than the other strategy/player regardless of what the other player does or how well the other player may play. dominant strategy is all about a player who has the highest favours in a game. Considering the above matrix, we know that Apple has the dominant strategy. And for apple to choose low is a weakly dominant strategy for it.

7 0
3 years ago
Other questions:
  • Sandburg Company requires additional cash for its business. Sandburg has decided to use its accounts receivable to raise the add
    14·1 answer
  • What stage of the rostow model is india in?
    11·1 answer
  • Chang, the founder of a multinational corporation, believes that his business should mainly focus on the benefit of those people
    11·1 answer
  • Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal
    7·1 answer
  • An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F
    10·1 answer
  • There are two techniques of egg production: free range (where hens roam around the farm) or factory (where hens are fed and wate
    8·1 answer
  • Within her company, maria utilizes a management style that varies according to the individual and environmental situation, with
    9·2 answers
  • The principle of diversification tells us that: Select one: a. concentrating an investment in two or three large stocks will eli
    11·1 answer
  • Interest earnings of 4 percent with a $450 minimum balance; average monthly balance, $600; monthly service charge of $20 for fal
    8·1 answer
  • With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or he
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!