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Fynjy0 [20]
3 years ago
6

Orioles Company bought Special Products Division in 2017 and appropriately recorded $741,000 of goodwill related to the purchase

. On December 31, 2018, the fair value of Special Products Division is $5,600,000 and it is carried on Oriole’s books for a total of $4,700,000, including the goodwill. An analysis of Special Products Division’s assets indicates that goodwill of $595,000 exists on December 31, 2018. What goodwill impairment should be recognized by Orioles in 2018?
Business
1 answer:
goldfiish [28.3K]3 years ago
4 0

Answer:

No goodwill impairment should be recognized by Orioles in 2018

Explanation:

Data provided in the question:

Goodwill related to the purchase = $741,000

Fair value of Special Products Division = $5,600,000

Goodwill existing on December 31, 2018 = $595,000

Now,

Here, the fair value of division including the goodwill i.e $5,600,000 is lower than the fair value of division excluding the goodwill i.e $595,000

Hence,

There will be impairment loss

Hence,

No goodwill impairment should be recognized by Orioles in 2018

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Free cash flow describes the net cash provided by operating activities after adjusting for A : current liabilities. B : both cap
Nikolay [14]

Answer:

The answer is B, both capital expenditure and dividends paid.

Explanation:

In the Statement os Cash Flow, cash provided by operating activities fails to take into account that a company must invest in a new property, plant, and equipment and must maintain dividends at current levels to satisfy investors.

Free cash flow describer the net cash provided by operating activities after adjusting for capital expenditures and dividens paid.

7 0
2 years ago
Wilma is a salesperson with Broker Fred. Wilma arranges for a listing with a seller. When Fred accepts the listing, a contract a
bazaltina [42]

The relationship between Wilma and the seller is called a sub-agent relationship

<h3>What is a sub-agent relationship?</h3>

A sub-agent relationship happens when the agent or broker brings a buyer to purchase a property from him whereaS he is not the property's listing agent.

In conclusion, the relationship between Wilma and the seller is called a sub-agent relationship

Read more about sub-agent

<em>brainly.com/question/25325640</em>

5 0
2 years ago
At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machine
garri49 [273]

Answer:

(i) $14,000

(ii) $32,000

(iii) $10,000

Explanation:

Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.

Cost for each machine:

= amount paid for the assets + installation costs + renovation cost prior to use.

Therefore,

Cost of Machine A = 11,000 + 500 + 2,500

                               = $14,000

Cost of Machine B = 30,000 + 1,000 + 1,000

                               = $32,000

Cost of Machine C = 8000 + 500 + 1500

                               = $10,000

7 0
3 years ago
What's two examples of a direct competition?​
densk [106]

Answer and Explanation:

Direct competition is a type of competition where two or more businesses offers the same kind of product and compete in the similar market.

The examples like dominos versus pizza hut in terms of food, HP versus Dell in terms of laptop

So in this examples they sell the same kind of products and compete each other

5 0
2 years ago
Three years ago, Vincent Chow completed his degree in accounting. The economy was in a depressed state at the time, and Vincent
m_a_m_a [10]

Answer:

Prerequisite 1  

There are three nonexclusive serious techniques:  

Cost Leadership - target showcase exceptionally broad, point is to have the most minimal cost. Items not specific, attempt to speak to shoppers because of their low costs.  

Separation - items or administrations gave elite highlights that clients need, commonly an increasingly devoted specialty. Ready to charge more significant expenses because of these additional highlights.  

Center Strategy - either a cost authority or a separation methodology, yet focused for a tight, engaged market.  

Vincent's business utilizes a Focus Strategy. The Cappuccino Express was made with the conviction that because of individuals' evolving schedules, comfort would be vital – giving speedy and advantageous espresso to occupied individuals.  

Prerequisite 2  

Basic Success Factors are the vital money related and non-monetary proportions of achievement. To be increasingly explicit Critical Success Factors are features of the association's exhibition that are essential to its upper hand.  

The Cappuccino Express Critical Success Factors :  

Quality and cost of existing items  

Areas specific..near Malls , schools , workplaces and so forth.  

Devise new items at customary interims  

Client Turnover – capacity to keep lines short, vehicles traveling through line  

Keeping Loyal clients with quality items along these lines diminishing ad costs  

Giving incredible client support  

Improving Profitability  

The greater part of these Vincent will have the option to show some power about whether it is adjusting costs, items, guiding various areas or making preparing programs. Then again, if Vincent's essential supposition never again remains constant, regardless of what he does he will most likely be unable to equal the initial investment, not to mention turn a benefit.  

Prerequisite 2  

Vincent needs to leave on numerous assignments in dealing with The Cappuccino Express. To start with, Vincent must blueprint a statement of purpose, objectives, and destinations. As supervisor, Vincent must do statistical surveying. He should get some answers concerning his rivals, clients, and the economy. Additionally, he should utilize a workforce and train them. He should isolate the expenses into assembling costs (direct materials, direct work, and assembling overhead) and non producing costs (selling and managerial expenses). This will take into account monetary observing and precise gauges of benefits, stock, and expenses. Vincent ought to assess both of his areas and conclude whether to remain in business or grow. Additionally, Vincent ought to evaluate his item contributions, administrations, and quality. He can choose which sorts of publicizing (advancements and limits) to offer.

8 0
3 years ago
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