Answer: An intermediary that deals exclusively with the selling, stocking, and delivery of raw materials used by manufacturers in the production of its products.
Explanation:
An industrial distributor is an individual/organization that has the function of purchasing raw materials and selling these raw materials to industries that produce goods with those specific raw materials. The industrial distributors do not have any supply duty to consumers/retailers.
Answer:
Goodwill = 25,000
Explanation:
Goodwill is an intangible asset, is the differential reflected in a consolidated balance sheet immediately after the business combination between the purchase price of a company and the fair market value of identifiable assets and liabilities. Goodwill is recorded when the purchase price is higher than the sum of the fair value of all identifiable tangible and intangible assets purchased in the acquisition and the liabilities assumed in the process.
In this case:
Goodwill = Purchse Price - Net assets fair value
Goodwill = 340,000 - 315,000
Goodwill = 25,000
The difference between the book value and fair value of the acquired company are adjustments to the amount presented in the consolidated balance sheet.
Answer: can lengthen response times by those closest to the market conditions because they must seek approval for their actions
Explanation:
Centralization simply refers to a form of organizational scenario where there is one person at the top that usually makes the major decisions for the company. The powers are usually held by those at the top and messages are passed to the lower level to be implemented.
One major drawback is that it can lengthen the response times by those closest to the market conditions because they must seek approval for their actions.
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I would say wages expense should be placed under labour expenses and it is important to remember that though labour is an expense it is also the main source of revenue since it it the workers ie the ones who run the machines that really create wealth.