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
omeli [17]
3 years ago
10

Terps Company reports the following amounts: Book Value Fair Value Assets $ 400,000 $ 500,000 Liabilities 45,000 45,000 Net inco

me 25,000 How much goodwill would be recorded if another company purchases Terps Company, assuming its liabilities, for $635,000
Business
1 answer:
jekas [21]3 years ago
5 0

Answer:

$180,000

Explanation:

Goodwill = Purchase Price - Net Assets Taken over at Fair Value

where,

Purchase Price = $635,000

Net Assets Taken over at Fair Value = $ 500,000 - $45,000 = $455,000

therefore,

Goodwill = $635,000 - $455,000 = $180,000

You might be interested in
Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital, other than cash, is $1,990.
Reil [10]

Answer:

hope you like my answer

Explanation:

6 0
3 years ago
A food worker needs to cool a large pot of soup How should the food worker cool the soup?
Lilit [14]

Answer:

a)use an ice paddle. it is the most suitable way

3 0
3 years ago
Pepperdine reported net sales of $8,600 million, net income of $126 million and average accounts receivable of $890 million. its
ArbitrLikvidat [17]

The term receivables turnover ratio refers to an accounting measure that quantifies an agency's effectiveness in amassing its debts receivable.

An example of turnover is whilst new employees leave, on average, once every six months. An instance of turnover is whilst a shop takes, on common, three months to sell all its cutting-edge inventory and requires new inventory. The fee at which workers in a business enterprise, sufferers in a medical institution, and many others. are replaced.

Turnover is an accounting idea that calculates how quickly a business conducts its operations. most often, turnover is used to recognize how speedy an agency collects cash from debts receivable or how speedy the organization sells its stock.

Turnover is the whole income made by means of a commercial enterprise in a positive duration. it's every now and then known as 'gross revenue' or 'earnings'. this is one-of-a-kind to earnings, which is a degree of profits.

Learn more about Turnover here: brainly.com/question/27523896

#SPJ4

6 0
1 year ago
Approximately 85% of the customers at hanson's furniture store purchase furniture using store credit. the store's average collec
aev [14]
<span>With a Net 30 payment policy, but an average collection period of 75 days with customers, Hanson's furniture store, should either reduce their store credit option, and encourage approximately 45% of their store credit customers to pay upon receipt, or shorten their operating cycle.</span>
7 0
3 years ago
Question #5
Svetradugi [14.3K]

Answer:

I think industrial markets

7 0
2 years ago
Other questions:
  • After 30 selfless years of service to our company, Renalda Garwacki has chosen to take a little more time for herself. With a ne
    13·1 answer
  • Which of the following functions of money would owning a house in a stable market be classified under?
    5·1 answer
  • If a friend who’d never heard of amortization before asked you to explain how loan payments work, what would you say?
    13·1 answer
  • At January 1, 2008, Kobe Enterprises reported accounts receivable totaling $3,500. During the month, the company had credit sale
    5·1 answer
  • Micropreneurs are exempt from the local ordinances that restrict home-based businesses from operating in residential areas.
    13·1 answer
  • The difference between a secured loan and unsecured loan is that the secured loan is
    8·2 answers
  • The rate of return is the _____.
    5·1 answer
  • A broker has a single agency relationship with the seller. Any REQUIRED property condition disclosure would be completed by the
    13·1 answer
  • a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due
    5·1 answer
  • The newest version of a product like Crutchfield headphones is likely to use _____, while the new version of Monster Energy is l
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!