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pantera1 [17]
3 years ago
8

Annapolis Company was recently sold for $470,000. Annapolis had assets & liabilities appraised at the time of the sale in th

e amounts of:ItemAmountAccounts Receivable assumed by buyer $135,000Inventory $275,000Property, Plant & Equipment (net) $500,000Notes Payable assumed by buyer $655,000Using this information, how much should be recorded as Goodwill for this transaction?
Business
1 answer:
MissTica3 years ago
6 0

Answer:

$215,000

Explanation:

Goodwill is the excess of purchase consideration over the net asset of a company. It is an intangible asset

Good will = Purchase consideration - net asset

Net assets is the difference between the company's assets and its liabilities.

Net asset = $135,000 + $275,000 + $500,000 - $655,000

= $255,000

Goodwill = $470,000 - $255,000

= $215,000

Goodwill for this transaction is $215,000.

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Imagine that there are two economies in the​ world: Bostonia and New Yorkland.​ Bostonia's currency is the sock and New​ Yorklan
BigorU [14]

Answer:

Yank appreciates in relation to Sock

Explanation:

A contractionary monetary policy either results in increased interest rates in New Yorkland or reduced money supply or both.

Increased interest rated would mean that people would save more to take advantage of an increased saving rate. This would cause people to save money and thus reduce the supply of money. The law of demand and supply suggests that lesser supply would up the price that is it would appreciate. This is also true as people in Bostonia may also want to save in New Yorkland thus reducing the supply further as they demand more Yank.

Reducing the money supply any other way would mean as both countries are trade partners there will be demand for Yank but as supply is constricted, it would again appreciate.

Hope that helps.

3 0
3 years ago
Everyone in the Tagi tribe agreed to vote out Gervasse at the next tribal council. Their 39-day project to make it to the final
Scilla [17]

Answer:

B) performing stage of group development.

Explanation:

The stages in group development are

  • forming.
  • storming.
  • norming.
  • performing.
  • adjourning.

In the forming stage, the project team members get to know each other and lay the basis for project and team ground rules.

In the storming stage, features the start of conflict as team members begin to resist authority and demonstrate hidden agenda.

In the norming stage, members agree on operating procedures and seek to work together.

In the the performing stage, finally committing to the project development process. Group members work to accomplish the project and display a level of competence.

In the adjourning stage, once their work is done, group is disband.

8 0
4 years ago
Waterway Industries applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the u
irina1246 [14]

Answer:

$30,000 under applied

Explanation:

For computing the over applied or under applied, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $1,200,000 ÷ 300,000 hours

= $4

Now we have to find the applied overhead which equal to

= Actual machine hours × predetermined overhead rate

= 280,000 × $4

= $1,120,000

So, the ending overhead equals to

= Actual manufacturing overhead - applied overhead

= $1,150,000 - $1,120,000

= $30,000 under applied

6 0
3 years ago
Luxury Swiss chalet hotel general manager reported to her owner that the hotels occupancy index for calendar year 2019 was 1.25.
Alex

Answer:

the Swiss Chalet had higher occupancy than its competitive set in 2019

7 0
3 years ago
What is a subcontractor
iren [92.7K]

Answer:

A subcontractor is a company or person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor.

Hope it helps!!! Please give brainliest!!!

4 0
4 years ago
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