1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A manufacturer with a product in the decline stage of the product life cycle would most likely decide to ________ if there is re
OverLord2011 [107]
<span>A manufacturer with a product in the decline stage of the product life cycle would most likely decide to let current stocks of the product run out if there is reason to believe that there will be a small but continuing demand for the product.

When there is a decline in demand of a product, an organization most likely will stop producing as much of the item to see if sales pick up. If they do not pick up, they will probably let everything run out so that they aren't in the hole with their product any longer and producing a product that is not selling. </span>
8 0
3 years ago
A country is currently producing bricks and spatulas using all of their resources and satisfying the wants of their economy. If
makkiz [27]

Answer:

C. The country will have a smaller marginal return from bricks.

Explanation:

This is because it will lead to an increased production in the economy and ppf will shift outward.

5 0
2 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per year forever with the first
Tju [1.3M]

Answer:

They should invest $5,119,047.619 today.

Explanation:

The trust fund will pay a fixed amount forever thus it is a perpetuity. The value of perpetuity or Price of perpetuity is the amount that the perpetuity is worth in today's terms based on the cash flows it will generate in future.

The formula for the value or price of perpetuity is,

P0 or V = Cash Flow / r

Thus,

P0 or V = 215000 / 0.04   =  $5,119,047.619

7 0
2 years ago
Incident managers begin planning for the demobilization process when:
vampirchik [111]
Incident managers begin planning for the demobilization process when B. INCIDENT ACTIVITIES SHIFT FROM RESPONSE TO RECOVERY.

Demobilization occurs when the incident objectives have been met. 

<span>Demobilization is the orderly, safe, and efficient return of all resources used in the incident to its original status and location. It must be done as soon as possible to facilitate accountability of the resources.</span>

5 0
3 years ago
Rolland Poust is a sophomore in the College of Business at Scandia Tech. Last semester he took courses in statistics and account
nikklg [1K]

Answer:

3.5

Explanation:

Grade point average (GPA) is the summation of all the numbered grades obtained divided by the number of credits taken or total obtainable points multiply by the maximum point receivable for a course. This can be calculated as follows:

1. Calculation of Total Obtainable Points

Statistics = A × hrs = 4 × 3 = 12

Accounting = A × hrs = 4 × 3 = 12

History = A × hrs = 4 × 5 = 20

History of jazz = A × hrs = 4 × 2 = 8

Rules of basketball = A × hrs = 4 × 1 = 4

Total obtained points = 12 + 12 + 20 + 8 + 4 = 56

2. Calculation of Total Points Obtained

Statistics = A × hrs = 4 × 3 = 12

Accounting = A × hrs = 4 × 3 = 12

History = B × hrs = 3 × 5 = 15

History of jazz = B × hrs = 3 × 2 = 6

Rules of basketball = A × hrs = 4 × 1 = 4

Total Points Obtained = 12 + 12 + 15 + 6 + 4 = 49

3. Calculation of GPA

GPA = (Total Obtained Points ÷ Total Obtainable Points) × the points that A receives (i.e. maximum GPA)

= (49 ÷ 56) × 4

= 0.875 × 4  

= 3.50  

Therefore, Rolland Poust's GPA is 3.5 out of 4.

The measure of location that has just been calculated is mean. The mean is obtained by adding all the values and then divide it by the number of values.  

Grade point average (GPA) is similar to mean because GPA is the summation of all the numbered grades obtained divided by the number of credits taken.

6 0
3 years ago
Other questions:
  • In a market economy the three basic economic question are most often answered by which two groups?
    14·1 answer
  • Hummer Company purchased a delivery truck. The total cash payment was $30,020, including the following items. Negotiated purchas
    11·1 answer
  • Question 12 When you get a vaccine, it benefits others because you can't get them sick. If left to the free market, the socially
    12·1 answer
  • Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on s
    9·1 answer
  • If the marginal cost for oligopolies or cartels suddenly fell due to a new technology, then these firms would also be forced to
    12·1 answer
  • An
    7·1 answer
  • Gap, Inc. owns Banana Republic, Old Navy, and Gap brands, all of which are brands of clothing targeting different segments of th
    14·1 answer
  • Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1
    15·1 answer
  • Cooper Company has an average demand of 50 units per day. Lead time from the supplier averages 20 days. The combined standard de
    9·1 answer
  • A building was constructed in August 1999 for $2,340,000. The cost index at that time was 192.3. The current cost index is 302.1
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!