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Anni [7]
3 years ago
14

Axiom Corporation reported the book value of its net assets at $600,000 when Zebra Corporation acquired 100 percent ownership. T

he fair value of Axiom's net assets was determined to be $900,000 on that date. What amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zebra paid $950,000 for the acquisition
Business
1 answer:
Nutka1998 [239]3 years ago
7 0

Answer:

$50,000

Explanation:

Goodwill is the excess of purchase consideration over the net assets of the business acquired.

Purchase consideration in this case is $950,000

The net assets =fair value of assets-fair value of liabilities

The fair value of net assets is already computed at $900,000 as provided in the question.

Goodwill=$950,000-$900,000=$50,000

Ultimately, the excess of purchase consideration  over fair of net assets of the acquired business is $50,000

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The attitudes that Ryan's customers develop after they have purchased his yearly lawn care service will become the basis for det
gladu [14]

Answer:

tangibles

Explanation:

In this situation, Ryan needs to demonstrate the tangibles dimension of service quality. This refers to the physical appearances of the service that he is providing, all of the things that the client can see and touch that will increase their positive outlook on Ryan and his business. In this case being the well-maintained yards, clean equipment, professional-looking employees, etc. These tangible factors will convince the clients to renew their subscription.

3 0
3 years ago
Which of the following statements is true about utility?a. Everyone receives the same level of satisfaction from the same good o
Annette [7]

Answer:

The correct answer to the following question is option D) everyone receives different level of satisfaction from from the same good or services.

Explanation:

Utility can be defined as a measurement of satisfaction levels that a consumer experiences from the consumption of goods and services. From the above given options only D is correct as every one experiences different level of satisfaction from same good or services. Economists measures utility with a unit they refer to as util. All products doesn't produce same level of satisfaction .

6 0
3 years ago
Ernest Burns, Orlando summemour, and randy Hatcher formed swi Partners, a general partner- ship. J. t. turner Construction Compa
SpyIntel [72]

Answer:

Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE

Explanation:

What is Partnership

Partnership is a form of business, where individuals come together to carry on business with the primary intention of making profit. Mostly, they come together by contributing capital and expertise to make the business work . Every partner is however liable and responsible for both the profit made and the losses or liabilities of the partnership.

Although the general partner has unlimited liability, every partner is however jointly and severely liable for the business

Were Summemour and Hatcher Liable?

This case is referred in the J.T. Turner Construction Company v. Summerour and Hatcher(2009). The court this case declared that both Hatcher and Summemour were jointly and severally liable as a result of the following reasons.

A partner becomes liable especially for a prior judgment based on the following

1. The partnership has proven indebtedness

2. A general partner in the partnership was sued to court

Based on these, Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE

6 0
3 years ago
In one of his weekly broadcasts, the Federal Reserve Chairman remarked that inflation had begun to tick upward. However, unemplo
VLD [36.1K]

Answer:

D) Monetary, fiscal

Explanation:

The Fed's dual mandate is to first promote a strong economy, but at the same time it must promote maximum employment, stable prices and moderate long term interest rates.

Monetary policy is carried out by the Fed through open market operations where it purchases or sells US securities, decreasing or increasing interest rates, and increasing or decreasing the money supply.

But if the interest rates are near 0, then the actions of the Fed are very limited regarding an expansionary monetary supply that would boost the economy and lower unemployment. There is basically no more room for lowering the interest rates.

So that means that the government must modify its fiscal policy to try to boost the economy. The government can either by increase spending, decrease taxes or a mixture of both. In this particular case, the Chairman of the Fed favors lowering decreasing taxes.

3 0
3 years ago
When an economy sacrifices production of consumption goods to produce more capital goods, we would expect that the production po
ira [324]

Answer: b. shift inward

Explanation: The curve is delayed in because although capital goods would increase in the possibilities curve, consumer goods are retracted, so that the fault would have a tendency to lean in closer to zero because consumer goods would not increase in same proportion. This is the same as saying that the production capacity will be limited because to increase the amount of consumer goods produced must be reduced, this way the possibilities curve behaves

8 0
3 years ago
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