Henry's savings account has an APR of 3.65%

15. Assume that Bullen issued 12,000 shares of common stock, with a $5 par value and a $47 fair value, to obtain all of Vicker's

vodomira [7]

Answer:

$104,000

Explanation:

Note: <em>The full question is attached as picture below</em>

Fair value of net assets = Cash and receivables + Inventory + Land + Buildings (net) + Equipment (net) - Liabilities

Fair value of net assets = $70,000 + 210,000 + 240,000 + 270,000 + 90,000 - 420,000

Fair value of net assets = $460,000

Purchase consideration paid = 12,000*$47

Purchase consideration paid = $564,000

Goodwill recognized = Purchase consideration - Fair value of net assets

Goodwill recognized = $564,000 - $460,000

Goodwill recognized = $104,000

7 0

2 years ago

How does the rate of P2P amongst millennials compare to that of all survey participants? Why do you think millennial usage is so

timurjin [86]

Answer:

Following are the solution to this question:

Explanation:

Millennials are an essential target demographic for the product businesses and constitute a significant portion of the population. Although many citizens have become unemployed and encumbered by student loan debt, millennia will likely become wealthier over the period but are an important market both for marketers and brand stores.

The P2P millennial has a wide pool of friends or associates and has a space of practice and use comparison with one another.

4 0

3 years ago

Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Rela

omeli [17]

Answer:

Lake Co.

Current Liability for Advances from Customers in Dec. 31, 2021 balance sheet:

Amount to report as current liability for advances from customers:

= $127

Explanation:

Advances from Customers:

Dec. 31, 2020 balance $120

Cash received 189

Total liability $309

Earned Revenue 182

Current liability $127

Advances, which Lake Co., received from customers for orders not yet fulfilled are recorded as deferred revenue or liabilities because Lake Co. is still owing the respective customers until the services or goods are provided. Earned Revenue is the value of revenue that would be reported in the income summary for which exchange of value or promises had been completed.

8 0

3 years ago

The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses:

Doss [256]

Answer:

sex is like u have never have the most fun in ut life

4 0

3 years ago

Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 14.75 percent per year. The bank uses

gulaghasi [49]

Answer:

13.76%

Explanation:

The computation of the interest rate required by law is shown below:

As we know that

Effective annual rate = (1 + Annual percentage rate ÷ number of days)^number of days - 1

0.1475 = (1 + Annual percentage rate ÷ 365)^365 - 1

(0.1475 + 1) = (1 + Annual percentage rate ÷ 365)^365

(1.1475)^ × (1 ÷ 365) = 1 + Annual percentage rate ÷ 365

So, the Annual percentage rate is

= [(1.1475)^ × (1 ÷ 365) - 1] × 365

= 0.1376

= 13.76%

4 0

3 years ago