Answer:
Lowell Corporation
The amount that will be recorded as goodwill by Lowell Corporation to record its investment in Boston is:
= $5,000.
Explanation:
a) Data and Calculations:
Investment in Boston Company = $83,000
Fair value of assets = $98,000
Fair value of liabilities 23,000
Net value of assets = $75,000
Goodwill = $5,000 ($80,000 - $75,000)
b) Acquired Goodwill is the difference between the cost of purchasing Boston Company ($80,000) and the net identifiable assets of Boston Company ($75,000). The net identifiable assets are calculated by subtracting the fair value of the liabilities from the fair value of the assets.
Answer: Option (c) is correct.
Explanation:
Gross profit of 30% means that every $1 of Sales require $0.7 of inventory and cost of freight.
So, inventory used to generate sales of $3,630,000:
= $3,630,000 x 0.7
= $2,541,000
Total inventory during the period:
= Beginning inventory + Purchases
= $4,950,000 + $2,049,000
= $6,999,000
Remaining Inventory:
= (Total inventory - Inventory used to generate sales) + freight-in
= ($6,999,000 - $2,541,000) + $234,000
= $4,692,000
For this case what you should do is to clear q in both equations with a price of p = 16 $
We have then:
For the demand
p = 48 - 2q
q = (48 - p) / 2
q = (48 - 16) / 2
q = 16
For the supply:
p = 12 + q
q = p-12
q = 16-12
q = 4
Answer:
if the town imposes a price ceiling of 16 dollars, and the quantity demand will be 16 while quantity supply will be 4.
Answer:
what average for the industry
Explanation:
can i have a choise
