Answer:
Explanation:
Given that:
annual demand = 7800 units
wholesale price = $325
retail price = 399
The per-unit cost for each item = $399 per unit
The annual cost to purchase the items = Annual demand × wholesale price
= annual demand × price of the wholesales
= 7800 × 325
= $2535000
Answer:
The amount of goodwill that is recorded by Large is $5 million
Explanation:
Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.
Net assets in the sense implies the fair value of total assets less fair value of liabilities.
Fair value of total assets is $9 million
Fair value of liabilities is $3 million
As a result net assets upon acquisition is $6 million($9 million less $3 million)
Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).
The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition
Well the answer is quite easy just count From 170 to 180 and that leaves u with 10 so ur answer is ten
Both must be familiar with the new and old products as well as updates and quick fixes. However those in corporate are in charge of developing new products and keeping the older ones updated.
Answer:
Dr Estimated Warranty Liability $8,600
Cr Spare Parts Inventory $8,600
Explanation:
The estimated warranty claim is worth $7,600 which means that the warranty claim must be debited by this amount as it was previously forecasted to be at $11,000 and in this month, the claim was worth $7,600. So decrease in warranty liability is necessary. Furthermore, the Spare Parts Inventory would be credited as the Spare parts would be used to fix the inventory which must be of $7,600 in value.
The double entry to record Warranty Repairs would be as under:
Dr Estimated Warranty Liability $8,600
Cr Spare Parts Inventory $8,600
