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
Ad libitum [116K]
2 years ago
9

Bramble Corp. received $93000 in cash and a used computer with a fair value of $348000 from Blossom Company for Bramble Corp.'s

existing computer having a fair value of $441000 and an undepreciated cost of $413400 recorded on its books. The transaction has no commercial substance. How much gain should Bramble recognize on this exchange, and at what amount should the acquired computer be recorded, respectively
Business
1 answer:
fredd [130]2 years ago
6 0

Answer:

A. $27,600

B. $348000

Explanation:

A. Calculation for How much gain should Bramble recognize on this exchange

Recognized gain=$441000-$413400

Recognized gain=$27,600

Therefore Bramble recognize on this exchange is $27,600

B. Based on the information given we were told that the company received a used computer that has a fair value of the amount of $348000 from Blossom Company which means that the fair value amount of $348000 is what the acquired computer be recorded.

You might be interested in
The principal-agent problem arises when ________.
Paha777 [63]

Answer:

a. the owners of the firm also manage the firm

Explanation:

In domain of supply chain management and economics principal–agent problem can be regarded as one that occur when single person or an entity stand in the position of making decisions or in position of taking actions on behalf of another person/ entity Instance of this is real-life example where the way that companies are been owned and been operated. The owners of the company i.e "principal" of the company will be the one to elect a board of directors.

It should be noted that the principal-agent problem arises when the owners of the firm also manage the firm

3 0
3 years ago
The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP
Mrac [35]

Answer:

Explanation:

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.

Year                 2016             2017  

                      Price      Quantity Price Quantity  

Ice Cream $7.00        600      $3.00 400

Blue Jeans $70.00          20       $20.00   90

Laptops       $300.00            5       $300.00     5

2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ =  $7,100

2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_  = $4,500

2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______

= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.

2017 real GDP = will be same as nominal, hence no growth  since this is the base year

4 0
2 years ago
Based on the experiences of Thailand, Kenya and China in promoting family planning, what do you think the key is to reducing pop
ratelena [41]
Family planning is the major point so as to reduce birth rate in the country immigration and emigration
3 0
2 years ago
If an entrepreneur can establish a strong and trustworthy management team, then the
Svet_ta [14]

Answer:

operational

Explanation:

bc it is

7 0
3 years ago
A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers
mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0
3 years ago
Other questions:
  • Which statement best describes the ideal of loyalty to one's supervisor
    14·1 answer
  • Bond price volatility varies directly with the term to maturity and directly with the coupon. Group of answer choices True False
    7·1 answer
  • In addition to joint ownership ventures in china, intel has made substantial outlays in its own manufacturing and research facil
    9·1 answer
  • Why did the natural environment receive so much attention under new deal programs, and with what result?
    15·1 answer
  • Bradford company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. the company actually used 4,5
    10·1 answer
  • An increase in the cost of producing video tape shifts the supply curve of video tape ________ and shifts the demand curve for v
    14·1 answer
  • 4. In centralized decision making, authority is
    15·1 answer
  • Which market characteristic could best be described as market participants focusing production on a selection of goods and servi
    8·1 answer
  • The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lo
    11·1 answer
  • What is Management???​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!