Answer:
$275,000
Explanation:
Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result
<u>Workings</u>
Purchase consideration = 250,000*15 =3,750,000
Percentage acquired = 100%
Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000
Goodwill = 3,750,000=3,475,000 =275,000
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<em><u>a</u></em><em><u>_</u></em>
Answer:
4.40
Explanation:
For the nature of the Yield to Call and Yield to maturity
You can eiher solve with excel, a financial calculation or with approximation method
This will be the formula for approximation method
PTM= 41.25 (1,000 x 8.25 = 82.5 annual interest divide by 2 as there are semiannual payment)
C= 1045 This is the value of the called bond
F= 1000 The face value of the bond
n= 12 (6 years 2 payment per year)
We plug this into the formula and solve
partiel result of the upper part: 45
partial result, divisor: 1022.5
quotient 4.4009780%
Answer:
a debit balance of $1,300
Explanation:
Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.
On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.
Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.
Answer:
He needs to be able to withdraw funds at any time.
Explanation:
Juan might choose a traditional savings account over other more aggressive savings plans because a savings account allows him to deposit his money and receives an interest and his money is available for withdrawal at any time he needs it but other more aggressive savings plans that probably would pay higher interest rates don't allow to withdraw the funds for a period of time. Because of this, the answer is that he needs to be able to withdraw funds at any time.
