Explanation:
Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. Goodwill does not include identifiable assets that are capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, identifiable asset, or liability regardless of whether the entity intends to do so. Goodwill also does not include contractual or other legal rights regardless of whether those are transferable or separable from the entity or other rights and obligations. Goodwill is also only acquired through an acquisition; it cannot be self-created. Examples of identifiable assets that are goodwill include a company’s brand name, customer relationships, artistic intangible assets, and any patents or proprietary technology. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements. Private companies in the United States, however, may elect to amortize goodwill over a period of ten years or less under an accounting alternative from the Private Company Council of the FASB.
Answer:
An increase in taxes.
Explanation:
A rise in the prices is indications that the inflation rate is high. Policymakers should intervene by introducing contractionary measures that will counter the rising inflation. Fiscal policy measures, such as increasing taxes, reduce inflationary pressures without the risk of causing a recession.
Increase taxes reduces the purchasing power of businesses and individuals, thereby reducing the aggregate demand. A reduction in aggregated demand lowers production levels, which results in low inflation but increases the unemployment rate.
Answer with its Explanation:
The result is that some of the credit cards pays interests on the cash surplus and charges interests on the cash deficit. If the interest rate is higher then the interest on the real cost of items that are finance with the negative balance will be charged interest on the higher interest rate because the interest rate is higher. If the interest rate is lower then the effect of credit card interest rate would be higher on the real cost of items.
Answer:
The greatest number of mangoes which are to be taken out at a time from each basket so that both of them emptied simultaneously is the number of mangoes in each basket which is 120 mangoes for one basket and 168 mangoes for the other basket
Explanation:
Given that the number of mangoes in one basket = 120 mangoes
Also, the number of mangoes in another basket = 168 mangoes
The greatest number of mangoes, X and Y that are to taken out from each basket so that both of them will empty simultaneously is found as follows;
We note that the ratio of the number of mangoes in both baskets are;
120:168 = 5:7
Therefore, we have;
5 × Y = 120
Y = 20/5 = 24
Similarly, we have;
7 × X = 168
X = 168/7 = 24
We can take 5 mangoes from one basket and 7 mangoes from the other basket 24 times, for both mangoes to empty the same time
We can also take 5×12 = 60 mangoes twice from one basket and 7 × 12 = 84 mangoes twice from the other basket to empty the baskets
We can also take 120 mangoes one from one basket and 168 mangoes one from the other basket to empty the baskets.
Therefore, the greatest number of mangoes which are to be taken out at a time from each basket so that both of them emptied simultaneously is the number of mangoes in each basket which is 120 mangoes for one basket and 168 mangoes for the other basket.
