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3 years ago

Goodwill represents the excess of the implied value of an acquired company over the

Business

1 answer:

Paul [167]3 years ago

6 0

Answer: Option A

Explanation: In simple words, goodwill refers to the additional value that an organisation have from its identifiable assets due to its operations over a period of time.

In other words, it can be defined as an intangible asset which an organisation creates over a period of time while establishing the brand image. These assets are not depreciated but are tested for impairment every year. For example brands like apple, Reebok and McDonald have high goodwill in the market which attracts customers towards them

Thus, from the above we can conclude that the correct option is A.

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The term _____ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.

lilavasa [31]

The term Social responsibility refers to a business's obligation to

maximize its positive impact and minimize its negative impact on society.

<h3>What is the role of social responsibility in Business?</h3>

Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line.
Social responsibility has become increasingly important to investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment.
While critics have traditionally argued that the basic nature of business does not consider society as a stakeholder, younger generations are embracing social responsibility and driving change.

<h3>Extra keywords for social responsibility:</h3>

Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.
Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
Companies can act responsibly in many ways, such as by promoting volunteering, making changes that benefit the environment, engaging in ethical labor practices, and engaging in charitable giving.
Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.
Critics assert that practicing social responsibility is the opposite of why businesses exist.

To learn more about Social responsibility, refer

to brainly.com/question/25922327

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6 0

1 year ago

Anner Manufacturing is developing an activity-based costing system to improve overhead cost allocation. One of the first steps i

kenny6666 [7]

Answer:

When you collect all the costs related to performing a particular activity (e.g. producing a product), you have created an activity cost pool. This helps to get an accurate estimate of the cost of that activity or task and is mostly applied in <em>activity-based costing system</em>. Different activities may require different cost pools.

The activities below are thus classified accordingly:

1. Labelling and Packaging - <em>Batch Cost Pool</em>

2. Plant Security - <em>Facility Level Cost Pool</em>

3. Sales Commission - <em>Product Cost Pool.</em> (This is incurred in selling the product and so must be pre-built into the price of the product.

4. Supplies - <em>Unit Level Cost Pool </em>(Supplies are incidental items that are expected to be consumed in the near future. Examples are paper clips that you use in the daily workings of the business. Supplies are differ from Materials which refer to the raw stock from which finished goods are made. Examples of material are raw materials, components, sub-components, and production supplies. Materials would go under Product Cost Pool.

Cheers!

3 0

3 years ago

QUESTION THREE

sveta [45]

From the amount of capital that the graduates had, the firms economic depreciation would be $10000

<h3>How to solve for the economic depreciation of the firm</h3>

Original cost of the capital - market value of capital after a year

= $30000 - $20000

= $10000

<h3>How to solve for the partnership costs</h3>

This is the Cost of capital plus cost of office space and cost of interest = $44,520

<h3>How to solve for economic profit</h3>

Total revenue - partnership cost

100000 - 44520

= $55,480

Read more on economic depreciation here: brainly.com/question/14552090

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4 0

2 years ago

On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $43,000 and

Marrrta [24]

Answer:

Bad debt expense $5.125

Explanation:

Initial Balance

Accounts Receivable $ 43.000

Allowance for Uncollectible Accounts $ 1.250

Entry

Allowance for Uncollectible Accounts $ 775

Accounts Receivable $ 775

New Balance

Accounts Receivable $ 42.225

Allowance for Uncollectible Accounts $ 475

Entry Adjustment

Bad debt expense $ 5.125

Allowance for Uncollectible Accounts $ 5.125

END Balance

Accounts Receivable $ 42.225

Allowance for Uncollectible Accounts $ 5.600

7 0

3 years ago

The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The

Mazyrski [523]

Answer:

$1,650,000

Explanation:

Preparation of the lower portion of the 2021 income statement .

2021 Income from continuing operations before income taxes5,800,000

Income tax expense(1,450,000)

($5,800,000 × 25 %)

Income from continuing operations4,350,000

Discontinued operations:

Loss from operations of discontinued component(3,600,000)

Income tax benefit 900,000

(25*3,600,000)

Loss on discontinued operations(2,700,000)

Net income$1,650,000

(4,350,000-2,700,000)

Therefore the the lower portion of the 2021 income statement is $1,650,000

5 0

3 years ago