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iris [78.8K]
3 years ago
15

The balance sheet of Cattleman's Steakhouse shows assets of $86,800 and liabilities of $14,800. The fair value of the assets is

$89,600 and the fair value of its liabilities is $14,800. Longhorn paid Cattleman's $84,020 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of:
Business
1 answer:
xxMikexx [17]3 years ago
6 0

Answer:

The goodwill is $9,220

Explanation:

Goodwill is the excess of purchase consideration paid to acquire a business over the fair value of net assets acquired.

Fair value of net assets acquired is the difference between the fair of assets acquired over the fair value of liabilities taken up which is shown below.

Net assets=$89,600-$14,800

Net assets =$74,800

Since purchase consideration paid is $84020

Goodwill=$84,020-$74800

Goodwill=$9,220

The goodwill of $9220  represents the premium paid over the net assets of Catteman's Steakhouse as a compensation to the owners of the business in return for their efforts of running the business and see go through different phases of development since the establishment of the business.

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Which of the following elements determine an organization’s structure in “The National Bank”?
muminat

Answer:

b. all of the above

Explanation:

The correct answer is that all of the above determine an organization's structure.

The organization's mission determines its structure because it establishes the main goal of the organization, and everything in the organization is ultimately determined by that.

The organization's strategy also determines its structure because it establishes the departments, employees, and actions, similar to the way that the mission determines these things.

Finally, the organization's size is obviously related to its structure. A large organization will have a more complex structure than a smaller organization for example.

4 0
3 years ago
Which statement is generally true of an investment that is highly volatile but has superior, long-term real rates of return?
Elenna [48]
Which statement is generally true of an investment that is highly volatile but has superior, long-term real rates of return?
<span>
It has low liquidity because selling would often require selling at a loss.

High volatile investments are investments that always fluctuates in the market. It can generate you very high income or very low income. It has low liquidity because when you sell it right away, you tend to sell at a loss.</span>
6 0
3 years ago
Which of the following is not an example of a digital transaction?
gladu [14]
Pretty sure it’s B since Marcos is using cash
6 0
3 years ago
On June 30, 2019, bonds were issued at par with a face value of $2,000,000 and a 7% stated interest rate. Each bond has a $1,000
vagabundo [1.1K]

Answer:

The answer is "$84,000 in the numerator and 60,000 in the denominator".

Explanation:

If securities are transformed into stocks. So, the common stack holder  should be have a larger net revenue, calculation of net revenue

= \$ 2,000,000 \times 7 \% \times (1 - 0.40) \\\\=  \$ 2,000,000 \times \frac{7}{100} \times 0.6\\\\=  \$ 20,000 \times 7 \times \frac{6}{10}\\\\=  \$ 2,000\times 7\times 6\\\\=  \$ 2,000 \times 42\\\\=  \$ 84,000\\

In addition, the loads will also raise the total amount of shares which is calculated as follows:

= \frac{\$ 2,000,000}{ \$ 1,000 \times 30}\\\\= \$ 60,000  \ stocks

Formula:

\ EPS =\frac{\ net \ income}{ \ average \ number \ of \ stocks}

That's why in this question numerator is = $ 84, 000 and denominator = $ 60,000

7 0
3 years ago
East Asian Imports, Inc. issued 15,000 shares of stock at a stated value of $8 per share. The total issue of stock sold for $15
Andre45 [30]

Answer:

Dr Cr

Cash (15,000 × $15) $225,000

Common Stock $120,000

(15000 shares × Stated value $8)

Paid-In Capital in Excess of Stated $105,000

Value - Common

($225,000 - $120,000)

8 0
3 years ago
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