The answer is C I hope this helps you
Answer:
The answer is $148,000
Explanation:
Goodwill comes into effect or arises when a company acquires another company. Goodwill is an intangible asset. It is difference between the purchase price of a company and the net asset(total assets minus total liability)
Purchase price is $425,000
Fair value of the asset is $365,000
Total liability is $88,000.
Net asset = $365,000 - $88,000
=$277,000
Therefore, goodwill is $425,000 - $277,000
= $148,000
In my opinion, reliability and consistency are two of the most important leadership skills for a small business to succeed for a long time. With these two characteristics a small business can build a returning customer base as well as a good rating on review websites. For example, many local barbershops provide consistent quality haircuts which builds reliability and in turn demand and returning customers.
<span>Advertisers can determine how effective their media mix has been in reaching their target audience by calculating the total GRP of the advertising schedule.In advertising, a gross rating point (GRP) is a measure of the size of an advertising campaign by a specific medium or schedule.</span>
Answer:
Rent expense= $30,900
Explanation:
Non-refundable fee expense for year 2016 = $10,500 / 5
Non-refundable fee expense for year 2016 = $2,100
Annual rent expenses = Monthly rental * 12 month
Annual rent expenses = $2,400 * 12
Annual rent expenses = $28,800
Rent expense for year ended June 30, 2016 = Annual rent expense + Non-refundable fee expense for the year
Rent expense = $28,800 + $2,100
Rent expense = $30,900
