Competent" or "competency" means mental ability to stand trial. ... A person is mentally incompetent to stand trial if he or she is unable to understand the character and consequences of the proceedings against him or her or is unable properly to assist in his or her defense; (b) Presumption of competency.
Answer:
$7.2 million
Explanation:
For computing the amount paid for the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = Fair value of Midwest's assets - fair value of Midwest's liabilities
= $14.3 million - $2.5 million
= $11.8 million
And, the acquisition price of the outstanding stock is $19 million
So, the goodwill would be
= $19 million - $11.8 million
= $7.2 million
Answer:
A. The company's assets exceed liabilities by $60,000
Explanation:
According to the accounting equation the Assets are equal to the liabilities plus the equity. With the information given in the exercise you must use this equation.
Assets = liabilities+ Equity
Assets= Liabilities + $60.000
Assets- Liabilities = $60.000
As you can see, you can conclude that the assets are grater that the liabilities only by $60.000.
There are lack of information for the B option, C Option and D option, and you can't make that type of statement without more information about the companies operations.
Answer:
The correct answer is conversion rate.
Explanation:
What is the conversion rate and how is it measured?
It is a ratio that is calculated between a numerator and a denominator that returns a percentage. The formula is therefore simple: numerator / denominator =%.
The numerator is usually the number of objectives achieved in the period of time being assessed. It will depend on what we want to measure may be conversions, sales, downloads, etc.
The denominator is the total number of opportunities that were attempted to achieve those objectives that we put in the numerator. For example:
- I tried to close 100 customers and got 2 sales
- 200 people visited my page and 10 people called me.
- I made 50 calls and 2 answered.
Answer:
a. Marketable securities
Explanation:
A(correct one). Capital assets are able to cover all marketable securities unless the taxpayer becomes a dealer.
B -incorrect. The inventory is not such as capital although it is asset. It is fixed asset type
C-incorrect. The assets which are depreciable must be excluded from capital assets group. Because they will be fixed ones again.
D-incorrect. Accounts receivable of a business are excluded from the definition of capital assets. because they are the other section of accounting elements and not considered as asset at all.