Answer:
$112,500
Explanation:
The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned method:
Cost to acquire share of the Pacific Corporation $2,850,000
Less:Net Assets Acquired of Sand Corporation
Sand Net Assets $3,000,000
Excess value of land $200,000
Excess value of equipment $150,000
Fair value of non-compete $300,000
$3,650,000 ($3,650,000)
Add:Net Assets portion of the Non controlling interest $912,500
($3,650,000*25%)
Good will $112,500
Answer:
$148,500
Explanation:
Data given
Sales = $150,000
Rate of discount = 10
The computation of Ziff Corp. cash received from customer is shown below:-
Total collection = Sale × (1 - Rate of discount)
= $150,000 × (1 - 0.01)
= $150,000 × 0.99
= $148,500
Therefore for computing the total collection we simply applied the above formula.
Answer:
Businesses whether large or small are set up to make profits by satisfying customers' needs and a marketing plan helps achieve this goal.
Creating a marketing plan should therefore not depend on the size or age of the business.
Explanation:
Every business, whether large or small, has marketing goals and needs a marketing plan to help determine how it will use its available resources to best reach its customers.
With a marketing plan, a business can <em>identify its target market and competitors, determine how it wants to position its products to compete, and set marketing goals</em> that can be monitored and achieved.
Generally, <u>a marketing plan helps a business reduce costs and increase sales, thereby increasing profits. This is a major goal of organizations, whether large or small</u>.
Answer:
a) Gold = $1,380; Silver = $1,020
b) Gold = $1,300; Silver = $980
Explanation:
a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:
Equilibrium price of gold is $1,380 and the price of silver is $1,020.
b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:
Equilibrium price of gold is $1,300 and the price of silver is $980.
Answer:
D. All world-class companies use ERP to integrate all company functions.
