Answer:
Acme's current balance of accounts payable is $6000
Explanation:
The closing balance of accounts payable can be calculated using the opening balance and adjusting the changes during the period to the opening balance.
The closing balance can thus be calculated as:
Closing balance = Opening balance + Credit purchases - Payment to Accounts payable
Closing balance = 3000 + 4000 - 1000
Closing balance = $6000
Answer and Explanation:
1. The Journal entry is shown below:-
Notes receivable Dr, $33,000
To Sales revenue $33,000
(Being sales is recorded)
2. The computation of interest is shown below:-
Interest = $33,000 × 4% × 6 ÷ 12
= $660
3. The Journal entry is shown below:-
Cash Dr, $33,660
To Interest income $660
To Notes receivable $33,000
(Being collection of notes receivable is recorded)
Answer:
No goodwill impairment should be recognized by Orioles in 2018
Explanation:
Data provided in the question:
Goodwill related to the purchase = $741,000
Fair value of Special Products Division = $5,600,000
Goodwill existing on December 31, 2018 = $595,000
Now,
Here, the fair value of division including the goodwill i.e $5,600,000 is lower than the fair value of division excluding the goodwill i.e $595,000
Hence,
There will be impairment loss
Hence,
No goodwill impairment should be recognized by Orioles in 2018
Answer:
cross-functional team
Explanation:
According to my research on different team organizational structures, I can say that based on the information provided within the question this team exemplifies a cross-functional team. This type of team is defined as a team of various people all of which are experts in different areas but yet are all working together towards the same goal. Which is what the employees of Color Paints Inc. are exhibiting.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
a. Price it at $250 and $300 and use a discrimination strategy to reach the two segments of the market
Explanation:
In order to maximize the revenue the price must be applied. But at the same time the first have to use the price discrimination strategy for reaching the two segments
So, The maximized revenue is
= (1,000,000 × 0.40 × $300 ) + (1,000000 × 0.60 × $250 )
= 120 million + 150 million
= $270 million
SO it would be lies in middle of $250 and $300
Hence, the first option is correct
