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4 years ago

Juliana Corporation purchased all of the outstanding stock of Caldwell Inc., paying $2,700,000 cash.

Business

1 answer:

natulia [17]4 years ago

8 0

Answer:

The coorects answer is b. $ 600, 000.

Explanation;

Goodwill made mean the premium price paid by acquirer over fair value of acquiree. For more detail please refer to calculations given below.

Consideration Given 2,700,000 $

Fair Value of net (W-1) (2,100,000) $

assets

Goodwill 600,000 $

(W-1)

Fair value of asset- Fair value of liabilities

450,000+2,250,000-600,000 = 2,100,000

* Book value is irrelevant when calculating Goodwill.

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MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c

m_a_m_a [10]

Answer:

The correct answer is c. Management Information System.

Explanation:

A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:

People, that take advantage a MIS to make effective decisions.
Hardware, physical structure that supports the MIS.
Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
Databases, that store the data of a MIS.

The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.

The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.

7 0

4 years ago

During a certain six-year period, the consumer price index (CPI) increased by 50%. But during the next six-year period, it incre

Westkost [7]

The answer is Inflation

7 0

4 years ago

Read 2 more answers

Marlon wants to save money over a long period of time. He does not need to have easy access to the money, and he is worried abou

Svetlanka [38]

Answer:

A. Bonds.

Explanation:

I majored in Business

3 0

3 years ago

A life insurance policyowner would like a dividend option that results in a limited current outlay of funds. Which divident opti

yan [13]

Reduction of premium payment would be chosen.

This enables the policyholder to deduct policy dividends from the premium for the next year. Consequently, it will be simpler for the policyholder to pay her subsequent premium.

<h3>What is a dividend?</h3>

A dividend is a cash paid to you by your life insurance provider. This typically signifies that you have a participating policy contract, commonly known as a whole life insurance policy that pays dividends. You receive dividend payments from that company when it is profitable, rewarding your investment. You have the option of receiving this money through dividend options.

<h3>Converting Your Dividend Into Premium</h3>

This dividend option for life insurance is quite simple. If selected, your insurance provider will just use your payout to cover all or a portion of your yearly payment. If you select this option and your dividend is greater than your premium, you might also need to select a secondary alternative. On the other hand, you will need to make the remaining payments as usual if your dividend is less than your premium.

You must begin paying your premium on an annual basis if you decide to use your payout toward it. For instance, you would still need to pay the remaining $6,500 all at once if your annual premium was $8,000 and your dividend was $1,500. You may pay more or less of your premium each year depending on how the dividends change over time.

Learn more about reduction of premium here:

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7 0

2 years ago

The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:

Alex777 [14]

Answer:

a. $513,000

b. $913,200

c. $926,400

d. $344,100

e. 11,340 units

Explanation:

a. manufacturing overhead for the year.

<em>Manufacturing Overhead = indirect manufacturing costs</em>

therefore,

Manufacturing Overhead = $109,000 (Indirect labor) + $80,000 x 75 % (Building depreciation) + $344,000 (Other factory costs)

= $513,000

b. cost of goods manufactured.

<em>Cost of Goods Manufactured = Beginning Work In Process + Manufacturing Costs for the Period - Ending Work In Process</em>

= $35,700 + ($15,800 + $175,000 - $18,200) + $254,000 + $513,000 - $62,100

= $913,200

c. cost of goods sold.

<em>Cost of Goods Sold = Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods</em>

= $111,100 + $913,200 - $97,900

= $926,400

d. net income for 20x1, assuming a 30% income tax rate.

<em>Net Income = Gross Profit (Sales - Cost of Goods Sold) - Expenses</em>

= $1,495,000 - $133,000 - $195,000 - ($80,000 x 25%)

= $1,147,000

Income tax = 1,147,000 x 30%

= $344,100

therefore,

Net Income = $1,147,000 - $344,100 = $802,900

e. number of completed units manufactured during the year.

<u>First Calculate Number of Units Sold</u>

Number of Units Sold = 1,495,000 ÷ $130 = 11,500 units

<em>Units manufactured = Units Sold + Ending Finished Inventory - Beginning Finished Inventory</em>

= 11,500 + 1,190 - 1,350

= 11,340 units

6 0

3 years ago