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koban [17]
3 years ago
12

After posting the journal entries to the ledger, what is the balance of the Cash account?

Business
1 answer:
MArishka [77]3 years ago
7 0
There needs to be more information.
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At the date of the business combination, the book values of Spice’s assets and liabilities approximated fair value except for in
agasfer [191]

Answer:

$830,000.

Explanation:

Step one: determine or Calculate the total number of assets.

Total number of assets = Retained Earnings + inventory(spice) + cash + land fair value + inventory (pumpkin)

Total number of assets = 180,000 + 25,000 + 15,000 + 95,000 + 30,000 = $345,000.

Step two : Calculate or determine the total liabilities.

Total liabilities = retained earnings + bonds payable + Account payable (pumpkin) +

Total liabilities = 180,000 + 40,000 + 10,000 = $230,000.

Step three: determine the value for the total amount of goodwill.

Total amount of Goodwill = A - B

Where A = paid consideration + non controlling interest fair value.= $(210000 + 90000) = $300, 000.

B= acquired Assets - assumed liabilities. = $(345,000 - 230,000) = $115,000.

Total amounts of Goodwill = A - B = $185,000.

Step four: determine the consolidated sheet;

185,000 + 95,000 + 65,000 + 360,000 + 30,000 + 95,000 = $830,000.

8 0
3 years ago
Zara has developed the practice of delivering less merchandise to its stores on a more frequent basis. This quick response syste
Nikolay [14]

Answer:

(B) Just-in-time inventory system

Explanation:

*Just-in-time inventory system" is a system used to cut costs such as holding or storage costs and it improves efficiency and reduces wastage as some products may be damaged during storage.

This system involves quick delivery of the required quantity of goods to stores right when they are needed and just before they go out of stock. It helps to eliminate the cost of storage that would result if goods are purchased in large quantities.

3 0
3 years ago
Which of the following customer-service strategies focuses on meeting industry standards in key operational areas like product q
AlladinOne [14]

Answer:

a. customer service strategy

Explanation:

Based on the information provided within the question it can be said that this is all part of the customer service strategy. This is a thought out plan that is implemented in order to handle all customer interactions and provide the best customer experience that is consistent and up to par with the expectations that the customers want. Thus creating a loyal customer base.

7 0
3 years ago
Henderson is a local automobile salesperson. He earns 6% commission on all of his automobile sales. Last month, he earned $9,900
Murrr4er [49]
The answer for total sales is $165,000
3 0
3 years ago
Which of the following would be best considered to be an agency conflict problem in the behavior of the following financial​ man
fredd [130]

Answer:

A. Bill chooses to pursue a risky investment for the​ company's funds because his compensation will substantially rise if it succeeds. 

Explanation:

An agency conflict problem usually arises when the agent (managers) do not act in the best interest of his principals (e.g. shareholders) usually because of selfish interests of the agent (manager).

I hope my answer helps you

3 0
3 years ago
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