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3 years ago

SCORE mentors are not as capable as paid consultants when planning your new business.

2 answers:

7 0

False. Mentors who've been in a business for a long time are just as good if not better sometimes than paid consultants.

wariber [46]3 years ago

4 0

Answer:

False

Explanation:

SCORE mentors provide business advice for free and they are executives or business owners that are retired and that can provide a lot of help and knowledge to entrepreneurs and business owners to help them guide their businesses given the experience they have. According to this, it is false that SCORE mentors are not as capable as paid consultants when planning your new business.

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Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus had developed the goodwil

vaieri [72.5K]

Answer:

c. goodwill is not amortized

Explanation:

The answer to this question is simply option c. Goodwill is not amortized

The reason for this is that the goodwill is accrued as a result of an entity paying more for an asset they acquired than what is supposed to be their fair value, putting its brand value into consideration. The Amortization of Goodwill is not something that is permitted . In order for a better accounting, the valuation of goodwill of entity should be done yearly so as to determine an impairment whenever it is required.

7 0

3 years ago

Which of the following is not a cost typically associated with owning a car?

Tom [10]

Your answer would be #3 - wear and tear fees

8 0

4 years ago

Read 2 more answers

Your grandparents would like to establish a trust fund that will pay you and your heirs $225,000 per year forever with the first

xz_007 [3.2K]

Answer:

They must deposit $5,113,636.36.

Explanation:

Giving the following information:

Cash flow= $225,000

Interest rate= 4.4 percent

To determine the amount to be deposited today, we need to use the perpetual annuity formula:

PV= Cf/i

Cf= cash flow

PV= 225,000/0.044

PV= $5,113,636.36

They must deposit $5,113,636.36.

3 0

4 years ago

First Class, Inc., expects to sell 29,000 pool cues for $13 each. Direct materials costs are $3, direct manufacturing labor is $

eduard

Answer:

Direct material= $91,800

Direct labor= $153,000

Manufacturing overhead= $25,398

Explanation:

Giving the following information:

Sales= 29,000 pool cues

Direct materials costs are $3

direct manufacturing labor is $5

manufacturing overhead is $0.83 per pool cue

Beginning inventory Direct materials= 24,000 units

Ending inventory Direct materials= 24,000 units

Finished goods inventory Beginning= 1,200 units

Finished goods inventory Ending= 2,800 units

First, we need to determine the number of units to be produced:

Production= sales + desired ending inventory - beginning inventory

Production= 29,000 + 2,800 - 1,200

Production= 30,600 units

Direct material= 30,600*3= $91,800

Direct labor= 30,600*5=$153,000

Manufacturing overhead= 30,600*0.83= $25,398

4 0

4 years ago

An outside broker locates a seller for a buyer representative's client. In this instance, the outside broker is acting as

zmey [24]

Answer:

He is acting as a sub-agent. The sub-agent, just like the representative of the buyer, is an agent and owes a duty to care and act as an agent for the buyer representive.

4 0

3 years ago