Answer:
$1,350
Explanation:
Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.
Where,
Cash Consideration = $8,000
Fair Value of Net Assets Acquired ($6,000 + ) = $6,650
Therefore,
Goodwill = $8,000 - $6,650
= $1,350
Answer:
The correct answer is option c.
Explanation:
A decrease in the supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will further cause the demand and supply curve to intersect at a higher point.
As a result, there will be an increase in the equilibrium price and a decrease in the equilibrium quantity.
This also represented in the figure given below.
Answer:
The correct answer is letter "E": deliver goods in conformity with the contract.
Explanation:
The perfect tender rule states that in a sales contract of goods, the seller must provide the buyer with the products that match perfectly the buyer's need. This rule is opposed to the <em>substantial performance</em> that states that at least part of the contract agreed must be fulfilled so that it can be considered legit.
The rapidly increasing number of patrons of Phoenix, a coffee shop chain and their recent opened 400 stores to cater it, exemplifies market penetration, where the measurement of their product acceptance or sales is high compared to the total market for that product.
Answer:
$80 per share.
Explanation:
Given: Dividend= $12.60
Rate of return= 15.75%
Now, finding the price per share.
Formula; Price per share= 
⇒ Price per share= 
⇒ Price per share= 
∴ Price per share= $80 per share.
Hence, price per share is $80 for Morristown Industries.
