Answer:
the accounts receivable turnover for Bramble is 5.85 times
Explanation:
The computation of the account receivable turnover ratio is shown below
the account receivable turnover ratio is
= Net sales ÷ (Beginning account receivable + ending account receivable) ÷ 2
= $473,850 ÷ ($56,000 + $25,000)
= 5.85 times
Hence, the accounts receivable turnover for Bramble is 5.85 times
If the annual real rate of interest is 5% and the expected inflation rate is 4%, the nominal rate of interest would be approximately 9% (5% + 4% = 9%).
What is real rate of interest?
An interest rate that has been prorated for inflation is referred to as a "real interest rate." The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. The real interest rate is equal to the nominal interest rate less the inflation rate, to put it mathematically.
What is the inflation rate definition?
The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased. These are examples of broad measures of inflation.
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Answer:
FALSE
The statment is false, the gain is 15,000
Explanation:
When there is commercial substance the exchange of long-term assets will recognize a gain or a loss on exchange.
When there isn't the diference will be adjusted using the value of the new asset.
In this case <u>we have commercial substance,</u> so the buyer will report a gain on exchange for 15,000 which is the allowance made by the seller.
The value has 15,000 trade-in allowance. Which means it value is for 25,000
So the diference between the current fixed asset and the new one is 15,000
25,000 - 10,000 = 15,000
The statment is false, the gain is 15,000
Answer:
Company logo cost and the two year service contract
Explanation:
The capitalized cost of the asset includes those costs that is shown on the asset side of the balance sheet.
In the given scenario, the capitalized cost includes acquisition cost, sales cost, and the title transfer fee
But the cost that is not capitalized and is not reflected on the balance sheet is a company logo on the van and the two-year service contract
Answer:
$50,000
Explanation:
Goodwill is the excess of purchase consideration over the net assets of the business acquired.
Purchase consideration in this case is $950,000
The net assets =fair value of assets-fair value of liabilities
The fair value of net assets is already computed at $900,000 as provided in the question.
Goodwill=$950,000-$900,000=$50,000
Ultimately, the excess of purchase consideration over fair of net assets of the acquired business is $50,000
