Answer and Explanation:
1. The amount of goodwill is shown below:
= Purchase price - the market value of net assets
= $6,000,000 - ($17,000,000 + $13,000,000)
= $2,000,000
2. Now the journal entry for purchase is
Assets $17,000,000
Goodwill $2,000,000
To Liabilities $13,000,000
To Cash $6,000,000
(Being the purchase is recorded)
For recording this we debited the assets and goodwill as it increased the assets and credited the liabilities and cash as it also increased the liabilities and decreased the assets
Answer:
The answer is D. Moral intensity
Explanation:
Motivation affects an employee's voluntary behavior and performance. A well-motivated employee tends to perform better than the one that is not being motivated.
Role perception too does influence. An employee that understands his role and duties tend to perform better than the one that doesn't.
Also situational factors like good working environment, the kind of people around someone also influence the performance.
Ability too does.
BUT moral intensity doesn't because this is about the moral believe. It purely deals with ethical behavior which is not related to a worker's performance.
Answer:
April,
- Sales is zero
- Net income is zero
- Net cash flow is an outflow of $100,000 (used in the purchase of raw materials)
May,
- Sales is $150,000
- Net income is $500,00
- Net cash flow is zero
And in June;
- Sales is zero
- Net income is zero
- Net cash flow is an inflow of $150,000 (amount received from customers)
Explanation:
In April, the company purchased raw materials (Sugar and Peppermint) for $100,000. The entries posted are debit to Inventories and Credit to Cash account (both amounting to $100,000 each).
As such in April,
- Sales is zero
- Net income is zero
- Net cash flow is an outflow of $100,000 (used in the purchase of raw materials)
It produces its candy and sells it to distributors in May for $150,000, but it does not receive payment until June.
When the sale is made in May, the entries required is Debit accounts receivables $150,000 and Credit Sales revenue $150,000. Also, Debit cost of goods sold $100,000 and Credit Inventories $100,000.
Net income is the difference between sales and cost of sales.
As such in May,
- Sales is $150,000
- Net income is $500,00
- Net cash flow is zero
For June,
Payment for goods sold in May were received, entries posted are debit to cash account and a credit to accounts receivables (both balance sheet accounts), hence;
- Sales is zero
- Net income is zero
- Net cash flow is an inflow of $150,000 (amount received from customers)
We answer this question by bringing about the following supposition:
<span>The corrective tax policy and the number of pollution permits available do not change in spite of this demand shift.</span>
