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
Paladinen [302]
3 years ago
8

On June 30, 2018, Princeton Company paid $310,000 cash for all assets and liabilities of Streeter, which will cease to exist as

a separate entity. In connection with the acquisition, Princeton, pad $15,100 in legal fees. Princeton also agreed to pay $55,600 to the former owners of Streeter contingent on meeting certain revenue goals during 2019. Princeton estimated the present value of its probability adjusted expected payment for the contingency at $17, 9001. First Entry Record the acquisition of Princeton company.2. Second Entry Record the legal fees related to the combination.
Business
1 answer:
Vesnalui [34]3 years ago
4 0
I don’t know what are you asking, is this multiple choice. Please explain more
You might be interested in
MNCs can use their global presence toa. take advantage of underpriced labor services available in certain developing countries.
denis23 [38]

Answer:

a. take advantage of underpriced labor services available in certain developing countries.

b. gain access to special R&D capabilities residing in advanced foreign counties.

c. boost profit margins and create shareholder value.

d. avoid regulations and lower tax burdern

Explanation:

Multinational corporation is a company that operates locally in its home country and also aborad. It usually maintains a central office that coordinates business activities.

MNCs have various advantages which includes:

- taking advantage of lower priced labour in developing countries, for example some companies take advantage of cheap labour in China to produce their goods.

- when a company operates in an advanced economy it will take advantage of research and development there.

- regulations and tax burdens can be avoided by setting up manufacturing plants in countries with low regulatory policies.

- MNCs boost shareholder profits by taking advantage of their multiple locations to gain more profits.

7 0
2 years ago
Read 2 more answers
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started i
Scorpion4ik [409]

Answer: $12000

Explanation:

The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:

= $200,000 × 6%

= $200,000 × 6/100

= $200,000 × 0.06

= $12,000

Therefore, the correct option is C.

5 0
3 years ago
The George Company has a policy of maintaining an end-of-month cash balance of at least $37,000. In months where a shortfall is
amid [387]

Answer:

  1. $140
  2. $14,140

Explanation:

1. First find the net amount amount the company borrowed in April:

= Cash balance to be maintained + Loan repayment - Budgeted end of April balance

= 37,000 + 1,000 - 24,000

= $14,000

Interest = 14,000 * 12%/ 12 months

= $140

2. Financing effect:

= Amount borrowed + Interest

= 14,000 + 140

= $14,140

6 0
3 years ago
A government worker surveys a number of households and comes up with the following information: there were a total of 90 people
viktelen [127]

Answer:

27%

Explanation:

Number of Persons in the Household = 90

<u>Neither Employed Nor Unemployed</u>

  • Children Under 16 =10
  • Disabled = 5
  • Retired =10
  • Stay at Home Parents = 5
  • Full Time Students over the age of 16= 5

Total =35

<u>Unemployed</u>

  • 10 people had no job but were looking for jobs
  • 5 people who wanted a job but were not looking for a job.
  • Total =15

<u>Employed</u>

  • 35 people had full-time jobs
  • 5 had part-time jobs

Total =35+5=40

Total Labour Force = Unemployed +Employed = 40+15 =55

Unemployment Rate = (Unemployed People / Total Labor) x 100

=15/55 X 100

=27%

According to the information in the survey, the unemployment rate is: 27%

6 0
3 years ago
Pickwick Production offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the b
julsineya [31]

Even though the company is no longer able to pay the retirees, they are still protected because <u>The </u><u>Pension Benefit Guarantee Corporation</u><u> will pay a </u><u>basic benefit. </u>

<u />

The Pension Benefit Guarantee Corporation:

  • Was created to protect the pensions of millions of Americans
  • Provides a basic benefit to pensioners who need pension payments when their companies no longer pay them

The basic benefit is a percentage of the benefits the retirees receive from their normal plan so it is not much. Retirees will often have to supplement this option.

In conclusion, The <u>Pension Benefit Guarantee Corporation </u>will pay out something to the retirees.

<em>Find out more at brainly.com/question/7331178. </em>

4 0
2 years ago
Other questions:
  • A university that focuses its advertising on offering a sound curriculum with consistent course offerings, extensive placement s
    14·1 answer
  • Indra nooyi, ceo and chairman of pepsico is considered the most powerful woman on fortune's 50 most powerful women's list, uses
    7·1 answer
  • Because nonindustrial economies can have features of both horticulture and agriculture, it is useful to discuss cultivators as b
    10·1 answer
  • Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per
    10·1 answer
  • Which of the following events would cause the supply curve to decrease from Upper S 1 to Upper S 2​? A. Lower expected future pr
    6·1 answer
  • PLEASE HELP ME ASAP PLEASE!!!!
    11·1 answer
  • When Proctor and Gamble removed potentially dangerous dyes and chemicals from its Tide detergent product and introduced Tide Fre
    15·1 answer
  • A regular checking account commonly earns interest true or false
    10·2 answers
  • A retirement account in which investments are not tax-deferred but can be
    6·2 answers
  • Chi-Ling thought it would be best to put Connor in charge of making decisions for the accounting team and Manami in charge of ma
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!