Answer:
$45,000,000
Explanation:
Calculation for the minimum estimated value of the synergistic benefits from the merger
Using this formula
Minimum estimated value of the synergistic benefits =Cash-Independent operation
Let plug in the formula
Minimum estimated value of the synergistic benefits = $578,000,000 – 533,000,000
Minimum estimated value of the synergistic benefits =$45,000,000
Therefore the minimum estimated value of the synergistic benefits from the merger is $45,000,000
Answer:
Explanation:
Step 1
The pro forma income statement of Crosby Inc is as follows, in attachment
Step 2
The excel workings for pro forma income statement of Crosby Inc. is shown below,
Step 3
The pro forma balance sheet of Crosby Inc is as follow...
Answer:
Joel is behaving in a totally unprofessional & unethical manner
Explanation:
As assistant controller, Joel Kimmel's job specification & responsibility includes financial statement preparation & combination, putting of internal controls in place, detailed analysis & reporting of cost variance, acts as the go-between with external auditors amongst other such responsibilities.
As such, when Joel discovered the cost discrepancy during the reconciliation, it was actually his responsibility to call the bank's attention to the variance. This is something that clearly falls under his job specification & can be considered as neglect of duty. Joel's decision defeats the very purpose of bank reconciliation, which is to correct any such discrepancy & to the ensure the rectification of transactions. Most importantly, the decision Joel plans to take is very unethical & is against standard accounting practices
We can therefore, say that Joel's decision is thoroughly unethical & unprofessional
Answer:
C. a change in marginal cost causes the profit-maximizing level of output to change by the same amount and in the same direction
Explanation:
Kinked demand curve consider that the business may face a double demand curve based on the likely response of other firms to change in the price of product.
it assumes that the change in variable cost may not cause to rise or fall in the profit maximising price in the market.
Due to change in cost the equilibrium price and output of product remains constant
Answer:
modified rebuy
Explanation:
A modified rebuy takes place when a buyer decides to make another purchase form his/her usual vendor, but the new purchase includes some different items or different characteristics than previous purchases. In this case, Levi is modifying the characteristics of the goods that he usually purchases from his usual vendor.
