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notka56 [123]
3 years ago
5

Pout Company reports assets with a carrying value of $420,000 (including goodwill with a carrying value of $35,000) assigned to

an identifiable reporting unit purchased at the end of the prior year. The fair value of the reporting unit is currently $350,000, and the carrying value of the net assets held by the reporting unit is $330,000. At the end of the current period, Pout should report goodwill of
Business
1 answer:
fiasKO [112]3 years ago
7 0

Answer:

Pout should report goodwill of $20,000

Explanation:

Pout Company's assets with a carrying value = $420,000

Goodwill = $35,000

Pout Company's net assets carrying value = 420,000-35,000 = $385,000

Fair value of the reporting unit is currently = $350,000

Fair Value of Net assets = 350000-35000 = $315,000

Carrying value of the net assets held by the reporting unit = $330,000

Goodwill Impairment = 330,000 - 315,000 = 15,000

Value of Goodwill after impairment = 35,000-15,000 = 20,000

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Sveta_85 [38]

Answer:

$20,857.24

Explanation:

This is an ordinary annuity question which can be solved using a financial calculator. The inputs are as follows;

Total duration of investment; N = 5

Interest rate per year; I/Y = 6%

Recurring annual payment;  PMT = 3,700

One time cashflow; PV = 0

then compute the future value of the annuity; CPT FV = 20,857.244

Therefore, Jan will have $20,857.24 as down payment in 5 years.

7 0
3 years ago
An employee earns $6,350 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500
Vlad1618 [11]

Answer:

$965.075

Explanation:

Payroll taxes for the month of January is = FICA +FUTA +SUTA+

federal income taxes withheld+voluntary deductions for health insurance +contributes retirement plan.

= (0.0145*6350) +(0.006*6350)+(0.054*6350)+216+184+92

= 92.075+38.1+342.9+216+184+92

= 965.075

$965.075

Some money like Social Security is 6.2% of the first $118,500( not added because he's earnings are not up to $118500 and it's yearly stuff) and unemployment taxe is not added because his earnings is not up to $7000

7 0
3 years ago
Lili spent $120 on a new sweater rather than using this money to buy her personal finance textbooks. The cost of doing without t
Serjik [45]

Answer:

opportunity cost

Explanation:

The opportunity cost is the cost that is incurred for purchasing any other thing in place of one thing or we can say it is a sacrification done to purchase another thing

Here in the question it is mentioned that the Lil spent $120 for purchasing a new sweater instead of buying her finance textbooks also the cost of buying the sweater is known as the non doing textbooks cost

So here it is a opportunity cost

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Dovator [93]
Sunday or Monday, depending on what loacation.
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What is everyone planning to do this summer?
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Answer:

read, relax, try to sleep in as long as I want, work out, and eat lol

have a good day :)

Explanation:

6 0
2 years ago
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