Answer:
Goodwill = 25,000
Explanation:
Goodwill is an intangible asset, is the differential reflected in a consolidated balance sheet immediately after the business combination between the purchase price of a company and the fair market value of identifiable assets and liabilities. Goodwill is recorded when the purchase price is higher than the sum of the fair value of all identifiable tangible and intangible assets purchased in the acquisition and the liabilities assumed in the process.
In this case:
Goodwill = Purchse Price - Net assets fair value
Goodwill = 340,000 - 315,000
Goodwill = 25,000
The difference between the book value and fair value of the acquired company are adjustments to the amount presented in the consolidated balance sheet.
I think this is specific to your class or we need a bit more context!
Answer:
Unit product cost= $95
Explanation:
Giving the following information:
Direct materials $30 per unit
Direct labor $45 per unit
Variable manufacturing overhead $20 per unit
<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and variable manufacturing overhead:</u>
<u></u>
Unit product cost= 30 + 45 + 20= $95
Answer:
If a shortage exists in the pizza market, then the current price must be <u>HIGHER</u> than the equilibrium price. For the market to reach equilibrium, you would expect <u>BUYERS TO OFFER HIGHER PRICES</u> persistent excess demand.
Explanation:
The market for pizzas is unregulated, there is no law that establishes the minimum or maximum price of a slice.
A sudden decrease in the quantity supplied of a product or service will shift the supply curve to the left causing a shortage. The only way a shortage is eliminated is through an increase in the price of the good or service. That will increase the equilibrium price, which in turn should increase the quantity supplied.
Answer:
Letter B
Explanation:
It is worth noting that, although poverty rates have decreased, there has been no drastic decrease as mentioned in option A and option B fits the answer better. Whereas, the official poverty rate in the USA according to data from the Census Bureau, has decreased in the last half-century, from 22.1% in 1960 to 14.5% in 2013, which means the lowest rate since the 1960s.
