1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Volgvan
3 years ago
5

On July 1, 2017, Brigham Corporation purchased Young Company by paying $250,000 cash and issuing a $100,000 note payable to Stev

e Young. At July 1, 2017, the balance sheet of Young Company was as follows. Cash $50,000 Accounts payable $200,000 Accounts receivable 90,000 Stockholders’ equity 235,000 Inventory 100,000 $435,000 Land 40,000 Buildings (net) 75,000 Equipment (net) 70,000 Trademarks 10,000 $435,000

Business
1 answer:
vodomira [7]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
Paul wishes to claim the Child Tax Credit by claiming his nephew, Jack, as a qualifying child dependent. Jack has an ITIN. Paul
Alekssandra [29.7K]

Answer:

Do the child's parents live with you? Why are the parents not claiming the dependent?

Explanation:

6 0
3 years ago
The minimum salary for a running back is $1.35 million per year. One of the Whalers' running backs was hurt during the last game
Reil [10]

Answer: 2

Explanation: $2.7 million divided by $1.35 million is 2.

8 0
3 years ago
The U.S. Bureau of Economic Analysis​ (BEA) has recently adopted a new approach to calculate real GDP and real GDP growth to cor
pashok25 [27]

One of the features of the new approach is​ that, now BEA uses the geometric average of fixed weight indexes and uses two base years to calculate the growth rate of real GDP between two consecutive years.

Explanation:

In both actual and nominal GDP, the U.S. Economic Analysis Department results. It estimates the real United States. GDP is a fixed base year annual rate. Imports and international sales from American businesses and people are exempt.

GDP reflects the degree to which the economy generates production. Global warming is not generated and not part of GDP. The effect of environmental damage is not measured accurately. The loss should not be included in GDP and the calculation of environmental damage has not been accepted.

3 0
3 years ago
Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
Thepotemich [5.8K]

Answer:

B. $42,000

Explanation:

Trade receivables refers total amounts that customers of a company are owing the company for goods or services sold to them.

For Michael Co., this can be calculated as follows:

Michael's total trade receivables = 3-month note due from Michael's main customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

Therefore, we have:

Michael's total trade receivables = $12,000 + $19,000 + 11,000 = $42,000.

Therefore, Michael's total trade receivables is $42,000.

7 0
3 years ago
converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as:
Nikitich [7]

Converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as aggregate planning.

Aggregate planning is a method for developing a business by arranging a management to the production and demands. In this method, the quarterly and annual business plans are converted into broad output and labor requirements for the intermediate term. This intermediate term may last from 4 to 12 months.

In this period of time the company will hire new employees to make enough output to satisfy the demands and thereby maximizing the profit with a minimum cost.

Aggregate planning ensures the efficiency and production of a company. Usually it is done as a prior activity to obtain a continuous production facility.

Learn more about aggregate planning at brainly.com/question/18803972

#SPJ4

5 0
1 year ago
Other questions:
  • Rank the 1040 forms in order from simplest to most complex. a. 1040-A, 1040-EZ, 1040 b. 1040-EZ, 1040, 1040-A c. 1040-EZ, 1040-A
    9·2 answers
  • Which of the following statements are in accurate?1. There is substantial agreement about how and when markets fail.2. There is
    13·1 answer
  • Potter’s accountant believes the financial statements will be misleading if the probable loss contingency is not disclosed. How
    15·1 answer
  • The last dividend paid by Klein Company was $1.00. The stock’s dividend growth rate is expected to be a constant 5 percent for 2
    12·1 answer
  • In a command economy, the government does not do which of the following?
    8·2 answers
  • Prompt 1 in his 2015 papal encyclical, laudato si', in which he addresses climate change and our collective responsibility to ca
    7·1 answer
  • Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity
    11·1 answer
  • Shauna and Danielle decided to liquidate their jointly owned corporation, Woodward Fashions Inc. (WFI). After liquidating its re
    6·1 answer
  • Successfulness of the competition policy in South Africa
    6·1 answer
  • Customer groups represent different segments if: ___________.a. Their needs require different products/services or different pri
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!