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statuscvo [17]
3 years ago
13

An asset group is being evaluated for an impairment loss. The following financial information is available for the asset group:

Carrying value Sum of the undiscounted cash flows Fair value $100,000,000 95,000,000 80,000,000 What amount of impairment loss, if any, should be recognized
Business
1 answer:
oee [108]3 years ago
6 0

Answer:

The amount of impairment loss that should be recognized is $20,000,000

Explanation:

In order to calculate the amount of impairment loss that should be recognized we would have to make the following calculation:

amount of impairment loss=Carrying value - Fair value

Carrying value=$100,000,000

Fair Value=$80,000,000

Therefore, amount of impairment loss=$100,000,000-$80,000,000

amount of impairment loss= $20,00,000

The amount of impairment loss that should be recognized is $20,000,000

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Compared to a perfectly competitive firm, a monopolist____________.
alukav5142 [94]

Answer:

D. usually produces an inefficiently small level of output.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices is usually set by market forces. There is no need for advertising because all firms produce homogenous products. There is little or no need for government regulation because goods and services are efficiently distributed.

A monopoly is characterised by one firm in the industry. The firm sets the market price. The government regulates the activities of the activities of a monopoly to reduce inefficiency that usually occur. Either quantity produced or price are usually regulated by the government to reduce inefficiency and ensure fair distribution of goods and services.

Monopoly firms usually advertise and undertake more research activities when compared to a pure competition.

I hope my answer helps you

6 0
3 years ago
Discounted cash flow methods consider the present value of the cash flows after the recovery of the initial investment. quizlet
masya89 [10]

Discounted cash flow methods do not consider the present value of the cash flows after the recovery of the initial investment.

<h3>What is cash flow?</h3>

A cash flow is a physical or virtual movement of money: a cash flow in its most limited sense is a payment, particularly from one central bank account to another.

A cash flow statement is divided into three sections: operating activities, investments, and financial activities.

Cash flow from assets is the sum of all cash flows related to a company's assets. This data is used to calculate the net amount of cash generated by or used in the operations of a business.

Companies should track and analyze three types of cash flows to determine the liquidity and solvency of their business: cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.

To know more about cash flow follow the link:

brainly.com/question/735261

#SPJ4

3 0
2 years ago
When a cookie is created during a website visit, it is stored: a. on the website's server. b. on the hard drive of the visitor's
Vinvika [58]

Answer:

(B) on the hard drive of the visitor's computer.

Explanation:

Cookies are the information stored on your computer by a website you visit. They are usually small text files, given ID tags that are stored on your computer's browser directory or program data subfolders on the hard drive of your computer.

Cookies are created when you use your browser to visit a website that uses cookies to keep track of your movements within the site, help you resume where you left off, remember your registered login, theme selection, preferences, and other customization functions. This allows the site to present you with information customized to fit your needs.

And by default, the activities of storing and sending cookies are invisible to you. You can however, change your settings to allow you to approve or deny cookie storage requests, delete stored cookies automatically when you close your browser.

4 0
4 years ago
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Temka [501]

Answer:

1. N = 840.66 RPM

2. 1023 w

Explanation:

See attached images

5 0
3 years ago
Christian and Monica are married and are both in good health with reasonably secure careers. Christian and Monica have annual in
scZoUnD [109]

Answer:

$81,750

Explanation:

The computation of the amount of total insurance is shown below:

= (Home mortgage loan + car loans + personal debts + credit card loans) ÷ 2  + estimated funeral cost

= ($120,000 + $10,000 + $14,000 + $7,500) ÷ 2 + $6,000

= $75,750 + $6,000

= $81,750

Under the DINK method, we simply half of the items except funeral cost

5 0
3 years ago
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