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
garik1379 [7]
3 years ago
9

On January 1, 2019, in a merger transaction, Maxi Company paid $371,000 in cash for 100% of the outstanding common stock of Mini

Company. The fair value of Mini Company's plant and equipment was $147,000 on the date of acquisition. If the fair value and book value are the same for Mini's remaining assets and liabilities, what is the net increase in Maxi's assets only, after paying the cash for Mini?
Business
1 answer:
boyakko [2]3 years ago
8 0

Answer:

$224,000

Explanation:

Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000

The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.

You might be interested in
When shoppers boycotted target because the chain had a policy of not allowing solicitors, including the salvation army, to colle
alexandr402 [8]
The answer is <span>donating $9 million to the Salvation Army. 


At the point when the Salvation Army was restricted from gathering commitments outside the entryways of Target stores, they asserted that they had lost more than $9 million in conceivable gifts. Customers were infuriated by this and boycotted Target stores, which sent the organization a solid message, and Target reacted by working with the Salvation Army. To begin with, they gave the lost $9 million specifically. At that point, Target made an online "List of things to get" that customers could use to give toys, attire, and family unit things to poor families amid the Christmas season. By recouping from the blacklist in this positive way, Target could maintain a strategic distance from the further negative effect of the circumstance they had made with their strategy of not enabling specialists to gather gifts outside their entryways.
</span>
3 0
3 years ago
A customer comes into the store to return a gallon of milk. She says she bought it earlier today, but the due date on the gallon
Sloan [31]

<em>You tell them it's too late to exchange since it already expired.</em>

6 0
4 years ago
In 2010, some bottles of a competitor’s kombucha were bubbling and leaking at a whole foods in texas. Test results revealed that
Nitella [24]

After losing all of this distribution, one option for it might have been a form of nonstore retailing that uses machines to offer goods for sale. This is an example of automatic vending.

Right here are the styles of retailing that exist these days – save retailing: This includes different forms of retail stores like branch shops, specialty shops, supermarkets, comfort shops, catalog showrooms, drug shops, superstores, discount stores, excessive cost stores, and so forth.

The retailing concept is an idea that examines the evolution of and transformation of the retail lifestyles cycle. This concept was first introduced by using Professor McNair from Harvard College. The retailing idea indicates new retailers will generally begin with low-value and occasional-margin operations.

Retail is the sale of products and services to purchasers, in comparison to wholesaling, that is sales to business or institutional clients. A store purchases goods in massive quantities from manufacturers, without delay or via a wholesaler, after which sells in smaller quantities to purchasers for a profit.

Learn more about retailing here brainly.com/question/17613245

#SPJ4

7 0
1 year ago
On January 1, the Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. The bonds pay
Vikentia [17]

Answer:

c. $9,702

Explanation:

Elias Corporation has issued 10% bond the semi annual rate of bond is 10%. The 10% rate is divided by 2 to find the actual semi annual rate of interest on the bond. The rate of bond is 5%. The amount at which bond can be sold will be used to calculate interest expense of the bond.

$97,020 * 5% = $4,851

The annual interest expense will be, $4,851 * 2 = $9,702

The correct answer is c.$9,702

4 0
3 years ago
True or false. Unemployment compensation is generally unavailable for people who quite a job without good cause
Delicious77 [7]

Answer:

true;  unemployment compensation is generally unavailable for people who quite a job without good cause

Explanation:

6 0
2 years ago
Other questions:
  • Most CLEP exams correspond to _____ college courses.
    5·2 answers
  • At the lowest price for jeans consumers will demand the ___ jeans and Producers Supply the ___ jeans
    9·1 answer
  • What are the 5 specific forces that are acting as stimulant for changes with relevant examples
    10·1 answer
  • Carla has been directed by her regional marketing manager to cut prices on seasonal items, place an ad in the local paper, and t
    9·1 answer
  • In order to be​ successful, money in a fiduciary monetary system must have
    6·1 answer
  • Marketing efforts designed to get the product or service to the right customer, when that customer wants it, are called ______
    15·1 answer
  • You want to buy an annuity that will pay you $1000 per year for 20 years. You find an account that will pay 4% per year, compoun
    9·1 answer
  • Jerome, a manager at Welford Nonprofit Group, is known for his selflessness and willingness to give to others. He likes working
    6·2 answers
  • If a technology displays increasing returns to scale, then: a. The TC curve is increasing at a decreasing rate. b. The ATC curve
    13·1 answer
  • Explain the term strategic dependence. what kind of markets would we expect to find it in? How will it affect the behavior of fi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!