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3 years ago

You need to hire a receptionist that will be handling cash. What steps would you take to make sure you hire the right person?

1 answer:

7 0

-I’ll make sure that the person is honest-I’ll do the background check-I’ll do the drug screening-I’ll make sure that the person has good math skills-I’ll make sure that the person has appropriate experience in handling cash

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On January 1, Year 1, Pacific Corporation acquired 75% of Sand Corporation's 200,000 outstanding common shares for $2,850,000. O

Allisa [31]

Answer:

$112,500

Explanation:

The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned method:

Cost to acquire share of the Pacific Corporation $2,850,000

Less:Net Assets Acquired of Sand Corporation

Sand Net Assets $3,000,000

Excess value of land $200,000

Excess value of equipment $150,000

Fair value of non-compete $300,000

$3,650,000 ($3,650,000)

Add:Net Assets portion of the Non controlling interest $912,500

($3,650,000*25%)

Good will $112,500

3 0

3 years ago

Inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error? a. n

vlabodo [156]

Answer:

The answer is stockholders' equity is overstated

Explanation:

When inventories are overstated it reduces the cost of sales because the excess inventory in accounting records means the ending inventory will be higher and cost of sales will be lower.

When ending inventory is overstated, total assets and retained earnings will be overstated. And when retained earnings is overstated, stockholders' equity is also overstated because retained earnings is a line item under stockholders' equity.

7 0

3 years ago

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of

Nikolay [14]

The characteristics of a competitive market, and a monopolistically competitive market are:

Price is equal to marginal cost - competitive market,
Easy entry and exit - both
Few sellers - neither
Homogeneous product - competitive market,

<h3>How are competitive and monopolistically competitive markets related?</h3>

Both competitive and monopolistically competitive markets are easy to enter and exit from but only competitive markets have their pruice equal to their marginal cost.

The goods in a monopolistically competitive market is slightly variated while those in competive markets are homogenous.

Find out more on monopolistically competitive markets at brainly.com/question/25717627

#SPJ1

5 0

2 years ago

Since oligopolies can lead to either good or bad market outcomes, it is important to understand what strategic decisions firms w

Pachacha [2.7K]

Answer:

The correct option is (C) Game theory

Explanation:

The game theory is the way to studying the agent choices who generates the results in an economically manner as compared with the utilities of another agents

So as per the given scenario, as the oligopolies affect the good or bad market results so here the strategic decisions are required to understand for this the economist use the game theory

Therefore the correct option is (C) Game theory

4 0

3 years ago

Carlos Ramirez and Camila Garza organized New World Book Store as a corporation; each contributed $70,900 cash to start the busi

kvasek [131]

Answer:

Net Income = $28,070

Explanation:

As for the provided details:

Balances as on December 31, 2014

Cash = $70,050

Accounts Receivables = $40,000

Inventory = $77,000

Total Assets = $187,050

Accounts Payable = $13,600

Note Payable = $3,400

Interest payable = $180

Total Liabilities = $17,180

Common Stock = $70,900 + $70,900 = $141,800

Retained earnings = $28,070

Total Stockholder's Equity = $169,870

Total of Equity and Liabilities = $187,050

Now, since it is the first year of operations, the balance of retained earnings in beginning = $0.

Also no dividend is paid, therefore, net income for the year shall be

Opening Retained Earnings + Net Income - Dividend = Closing Retained Earnings

$0 + Net Income - $0 = $28,070

Thus, Net Income = $28,070

5 0

4 years ago