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Vesnalui [34]
3 years ago
13

Fred is on trial for robbing Sam's Electronics. The prosecution alleges that Fred broke into the warehouse behind the store and

stole over $10,000 worth of TV's and stereos. To prove the number and value of the items that were stolen, the prosecution calls Gloria, who works as a stock clerk in the warehouse. She testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. Gloria spent the entire day cataloguing the missing items, and at the end of the day put together a list which included twelve plasma televisions, thirty-two stereo systems, and eighteen digital video recorders. She gave the list to her manager. At trial, Gloria testifies that (1) she is unable to remember exactly what was stolen from the store, and (2) seeing the list would help to refresh her recollection. The prosecutor can: a. Show her the list and then take it away and have her testify from her 'refreshed recollection.' b. Have her read the list to the jury. c. Admit the list into evidence. d. (A) and (B), but not (C).
Business
1 answer:
harkovskaia [24]3 years ago
5 0

Answer:

a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'

Explanation:

In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.

In the trial she said she can remember what was stolen.

Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.

On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.

But in this case she said she cannot recall the items

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Aneko is a media buyer with simantel, an advertising agency. Aneko typically purchases radio and television commercial time slot
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If Aneko typically purchases radio and television commercial time slots for local customers.  These commercials are examples of <u>measured </u>media.

<h3>What is Measured Media?</h3>

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Measured media is important as it enables business owners to know the best media platform to choose when it comes to advertising their product.

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3 years ago
You have your choice of two investment accounts. Investment A is a 12-year annuity that features end-of-month $1,900 payments an
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6 0
3 years ago
Bower Company purchased Lark Corporation’s net assets on January 3, 20X2, for $632,000 cash. In addition, Bower incurred $9,000
Vitek1552 [10]

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<em>Preparation of Journal Entries</em>

<u>Date                      Particulars                                  Dr($)                Cr($</u>)

January 3, 20x2      Cash & Receivables              57,000

                                 Inventory                                165,000

                                Buildings & Equipment           307,000

                                Patent                                       203,000

                                Account Payable                                               20,000                                                

                                Purchase Consideration                                    632,000                                                                  

                               Gain on Purchase Bargain                                  80,000                                

                              <em> (Being purchase of Lark</em>

<em>                                Corporation`s net assets)                                                                      </em>

<em />

<em>Recording of merger costs.</em>

(Debit)  Cash                                                             $9,000

(Credit)  Merger Expenses                                       $9,000

Recording of acquisition of Lark Corporation`s net assets

(Debit)  Investment in Lark`s net asset                    $712,000

(Credit)   Cash                                                            $632,000

(Credit)  Gain on Purchase Bargain                          $80,000

<em />

Explanation:

When acquiring another business, net asset (Total Assets - Total Liabilities) is valued at fair value (sometimes called market value, not book value.  Hence, the reason why the fair value of Lark`s assets and liabilities was used in the calculation above. So the net assets  ($57,000+$165,000+$307,000+$203,000 - $20,000) = $712,000.

After, calculating the net assets of the Lark, the purchase consideration given by Bower Company has to be removed from the net asset, in order to get the goodwill or gain on purchase bargain on the acquisition. The formula is Purchase consideration - Net assets of the target company = Goodwill (Gain on purchase bargain). If the purchase consideration is higher than the net assets, then goodwill is obtained. If the purchase consideration is lower than net assets acquired then, gain on purchase bargain is obtained.

In Bower`s case, gain on purchase bargain is obtained because net assets is  greater than purchase consideration ($632,000 - $712,000).

<em>Merger cost</em>

Merger cost is not considered as part of purchase consideration. The merger cost is taken to income statement of Bower Corporation as expense.

3 0
3 years ago
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Mademuasel [1]

<u>Answer:</u>

<em>$50,325 is the sale price of the property</em>

<u>Explanation:</u>

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

                                    $3522.75/0.07= $50,325.

4 0
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