Answer:
d. $150,000.
Explanation:
The computation of the consolidated goodwill reported is shown below:
= Recorded amount of goodwill - impairment amount of goodwill
= $200,000 - $50,000
= $150,000
By deducting the impairment of goodwill from the recorded amount of goodwill we can get the consolidated goodwill that is to be reported.
The 90% acquired percentage is ignored
Answer:
b. The most likely explanation for an inverted yield curve is that investors expect inflation to decrease
Explanation:
I have attached an image which plots the behavivour of a yield curve and inflation in a same period. As you can observe, there is an indirect relation between boths curves.
Answer: Debit Accounts receivable for $600.
Explanation:
The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.
This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.
Answer:
If Bread and Butter Bakers meet their sales goal, their net profit per month is $11,500
Explanation:
Bread and Butter plans to use 10,000 pounds of flour per month at a price of $2.00 per pound with an additional variable expense per loaf of $1.50. They hope to sell 10,000 loaves of bread.
Total variable expense = 10,000 x $2.00 + 10,000 x $1.50 = $35,000
Total sales = 10,000 x $6.00 = $60,000
Net profit = Total sales - Total variable expense - fixed costs = $60,000 - $35,000 - $13,500 = $11,500
Answer:
marketing team and review resources
