All categories

3 years ago

On May 1, Soriano Co. reported the following account balances along with their estimated fair values:

Business

1 answer:

s2008m [1.1K]3 years ago

6 0

Answer:

Receivables (Dr.) $143,600

Inventory (Dr.) $76,400

Copyrights (Dr.) $577,000

Patented Technology (Dr.) $913,000

Goodwill (Dr.) $32,800

Current Liability (Cr.) $197,000

Long term liability (Cr.) $658,300

Cash (Cr.) $845,000

Contingent Consideration (Cr.) $42,500

Professional Fee Expense (Dr.) $141,000

Cash (Cr.) $141,000

Paid of Investment banking firm

Explanation:

Total of Assets 1,710,000

Total of Liabilities 855,300

Net Assets 854,700

Total Fair value of identifiable Assets 854,700

Fair value of contingent Liability 42,500

Consideration Paid as Cash 845,000

Good will $32,800

You might be interested in

A. sound tracker company retires its delivery equipment, which cost $41,000. accumulated depreciation is also $41,000 on this de

guapka [62]

The amount of the salvage may be calculated using various equations. We are given that the sound tracker is retired about some time and this was initially bought at $41,000. However, we are given that the accumulated depreciation is also equal to $41,000.

Since the initial payment is similar to the accumulated depreciation hence, the salvage value is zero.

7 0

3 years ago

A feature of personal selling by salespeople is that it is

dlinn [17]

A feature of personal selling by salespeople is that it is their development of oral conversation.

<h3>What is a Personal selling?</h3>

This refers to a face to face selling technique whereby the salesperson uses an interpersonal skills to persuade the prospective customer in buying a particular product.

However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.

Read more about Personal selling

<em>brainly.com/question/7304387</em>

#SPJ1

4 0

1 year ago

Zoe's Bakery operates in a perfectly competitive industry. Suppose that when the market price is $5, the profit-maximizing outpu

Rom4ik [11]

Answer:

$3 is Zoe's Bakery marginal cost and Short run profits are $150.

Explanation:

As a change in quantity is not specified, then, The Marginal cost is the average variable cost of producing 1 unit ($3). And the profit at 150 units produced and sell at a price of $5 is $150 as revenue is $750 and total cost is $600.

5 0

3 years ago

There are ____ members of the Federal Reserve Board of Governors. Which of the following contributes to making the Federal Reser

gregori [183]

Answer:B. It's role it's written into the US Constitution.

Government bonds, will buy

Explanation:

The writing of role in the construction will make it rather impossible to influence it's duties.

The sales and purchases of goverments bond it's used in influencing the money supply. When the money supply is to be reduce the federal reserves sale bond and when it's to be increase they purchase the

bond.

5 0

3 years ago

Your vehicle's _____ affects its inertia.

Paul [167]

Answer:

Your vehicle's brakes affects its inertia.

Explanation:

Newton's first law of motion: "An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force." So the build up of inertia can only be affected by the vehicles brakes. If it's an act outside of the vehicle's control the answer may be road or weather conditions.

3 0

3 years ago