Answer: $440000
Explanation:
Fair market value = $4025000
Book value of asset = $2,850,000
Land value = $625,000
The value of the goodwill will be
(Fair market value - book of asset - land value) × 80%
= ($4,025,000 - $2,850,000 - $625,000) × 80%
= 550000 × 80%
= 550000 × 0.8
= $440,000
Answer:
Option D is the correct answer.
Explanation:
- <u>First-in, first-out</u> method is when you use the cost of the inventory you bought at the beginning of the year and multiply it with sales to determine cost of inventory that you have sold. Any remaining inventory from when you bought it for the first time at the cost that you paid at the time when you bought it is used. Usually grocery shops use this method.
- <u>Average cost</u> method is when you take an average of the costs of the inventory you bought and then multiply that cost with the number of inventory sold.
- <u>Last-in, first-out</u> method is when you use the cost of the inventory you recently bought and multiply it with number of inventory sold to determine cost of inventory that you have sold.
- <u>Specific Identification</u> method is used on inventory that is sold infrequently such as gold.
Answer: (E)
A pay policy line "reflects the pay structure in the market, which always matches rates in the organization."
Explanation:
A company will usually consider the the general pay structure of its market while setting its own pay level. This helps prevent the company from overpaying or underpaying its employees.
This pay level the company sets its pay at, is called a pay policy line.
Answer:
every 2 weeks
Explanation:
done,produced or occurring every 2 weeks