The correct answer would be answer choice <u>C. determining the qualities.</u>
When it comes to comparing things you will always use the qualities of the person, place, or thing.
Hope this helps.
~Lexa
Answer:
$275,000
Explanation:
Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result
<u>Workings</u>
Purchase consideration = 250,000*15 =3,750,000
Percentage acquired = 100%
Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000
Goodwill = 3,750,000=3,475,000 =275,000
Answer:
a. 2017 ⇒ 1.50
2016 ⇒1.58
b. Deteriorate
Explanation:
a. Current ratio 2017
= Current Assets / Current liabilities
= 6,708,700 / 4,470,000
= 1.50
Current ratio 2016
= 5,848,000 / 3,700,000
= 1.58
b. The current ratio went from 1.58 in 2016 to 1.50 in 2017 which would mean that it deteriorated.
The statement that are true about credit scores are; credit scores reflect how likely individuals are to repay their debts. The credit bureau does not hide how it calculates peoples credit. The correct answer is A.
Answer:
$3,483.17
Explanation:
Calculation for the amount of cost allocated to the Cafeteria under the step method
Using this formula
Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs
Let plug in the formula
Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450
Allocation to Cafeteria=(25/520)×$72,450
Allocation to Cafeteria=0.0480769231×$72,450
Allocation to Cafeteria=$3,483.17
Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17
