Grasping, strategies for problem-solving, driving a car, and balancing a budget are all examples of Schemas.
<h3>What is Schemas?</h3>
A schema is defined as a pattern of contented or behavior that handles informational categories and the relations between them, according to psychology and cognitive science.
Schemas can be seen in the act of grasping, problem-solving techniques, operating a vehicle, and budgeting.
Therefore, the given events are the examples of Schemas.
To learn more about the Schemas, refer to;
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Answer:
The correct answer to the following question will be "Opportunity".
Explanation:
- A market opportunity to sell or contract any commodity, facility, facilities, etc. that will allow the buyer-licensee to set up a business.
- The licensor of a marketing opportunity usually announces that he or she will protect or support the purchaser in finding a suitable destination or deliver the commodity to the cardholder-licensee.
Therefore, Opportunity is the right answer.
Answer:
Explanation:
From the information povided:
(a) To compute the amount of goodwill paid by Chicago Corporation
Particulars Amount ($)
Accounts Receivable 100000
Inventory 170000
Plant & Equipment 400000
Land 90000
Customer List 4000
Trade Names <u> 16000</u>
NET ASSETS (A) <u>780000</u>
<u />
Current liabilities 76000
Non-current liabilities <u>160000 </u>
NET LIABILITIES (B) <u> 236000</u>
∴
PURCHASE CONSIDERATION (A -B) 544000
<u>Less:</u> Cash Paid <u> 580000</u>
GODWILL <u> 36000 </u>
<u />
b)
In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.
Account Name Dr. Cr.
Accounts Receivable A/C 100000
Inventory A/C 170000
Plant Equipment A/C 400000
Land A/C 90000
Customer List A/C 4000
Trade Names A/C 16000
Goodwill A/C 36000
Current liabilities A/C 76000
Non-Current Liabilities A/C 160000
Cash A/C 580000
c)
The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.
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Answer:
-$264,000
Explanation:
The net cash flows from investing activities for the year is presented below
Cash flow from investing activities
Purchase of equipment -$260,000
Proceeds from the sale of equipment $87,000
Purchase of land -$91,000
Net cash flow used by investing activities -$264,000
The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added
