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Rus_ich [418]
3 years ago
14

Midpark Co.purchased a 30% interest in Cycling Pros, Inc. on December 31, 2020 for $1,000,000. On that date, Cycling Pros' net a

ssets had a book value of $2,000,000 and fair value of $3,000,000.
Business
1 answer:
BARSIC [14]3 years ago
3 0

Answer:

the total goodwill resulting from this operation = $1,333,333

Explanation:

Since Midpark paid $1,000,000 for 30% of Cycling Pros, that would mean that Midpark determined that the total value of Cycling was: $1,000,000 / 30% = $3,333,333

If the book value of Cycling was $2 million, then the total goodwill resulting from this operation = $3,333,333 - $2,000,000 = $1,333,333

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Can someone help me please? I Attached the question.<br> THANKS!!
Rasek [7]

Answer:

The absolute reference is $D$2

The relative reference is A2

The Mixed reference is  $D2

Explanation:

The absolute reference is  identify when $ fixes the cell row and colum

The relative reference is that any colum or row can be altered and there is nothing fixed with $

The Mixed reference is  identify when $ either the cell row or colum

4 0
3 years ago
terrence’s team is very close and tends to agree on most decisions with little discussion. terrence should be concerned about
ad-work [718]

Terrence should be concerned about groupthink.

  • Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion.
  • The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates.
  • When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.

Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.

Learn more about decision:

brainly.com/question/24128805

4 0
3 years ago
Read 2 more answers
What are the three primary sources of assets?The three primary sources of assets are(1) investments by owners (issue of stock),(
ANEK [815]

Answer:

True

Explanation:

The three main sources of assets for a business are:

  1. investments by owners (total paid in capital), refers to the money that the owners are willing to invest in the company and it should be used to finance operating activities.
  2. borrowing from creditors, refers to both long term and short liabilities that allow the company to increase their assets, e.g. merchandise or equipment purchased on credit, or a loan.
  3. earnings activities, refers to the company's retained earnings from previous years that is reinvested in new or existing projects.
5 0
3 years ago
__________ would specify that only selected members of the payroll and human resources department would have the right to change
lara [203]

The correct answer will be an <em>information policy. </em>

Further Explanation:

An information policy is used in many payroll and human resources departments. This gives only certain people in the company rights to change employee data, such as the pay they recieve and social security number. These departments are in charge of the employees sensitive data.

This type of policy is a public law, certain rules, and regulations that help to regulate the use, access, and communication of other employee information in the company. Most of the information policy is for public view depending on the state and company.

Learn more about human resource policies at brainly.com/question/1815336

#LearnwithBrainly

6 0
2 years ago
If john can produce 10 chairs or 20 lamps during a week while mary can produce 12 chairs or 22 lamps in the same​ time, who has
Norma-Jean [14]

Mary has the competitive advantage for chairs and lamps.

Absolute comparative advantage is the ability to produce something more efficiently than someone else..

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3 years ago
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