Heiniken's macro-environment analysis

An asset group is being evaluated for an impairment loss. The following financial information is available for the asset group:

oee [108]

Answer:

The amount of impairment loss that should be recognized is $20,000,000

Explanation:

In order to calculate the amount of impairment loss that should be recognized we would have to make the following calculation:

amount of impairment loss=Carrying value - Fair value

Carrying value=$100,000,000

Fair Value=$80,000,000

Therefore, amount of impairment loss=$100,000,000-$80,000,000

amount of impairment loss= $20,00,000

The amount of impairment loss that should be recognized is $20,000,000

6 0

3 years ago

Central, Inc., is a manufacturer of granite paints. Sales are seasonal due to the seasonality in the home-building industry. The

Verdich [7]

The monthly sales rate made from granite paints in Central incorporations is:

February = 400 gallons

March = 266.6 gallons

Calculating the monthly rate:

The 1st quarter sales is Q1

The 2nd quarter sales is Q2

Note:

Q1= January, February & March

Q2= April, May & June

Given from the question:

Q1= 1200 gallons

Q2= 800 gallons

The monthly sales rate of is calculated by dividing the quarterly rate by 3

Q1= 1200 gallons/3 = 400

Q2= 800 gallons /3 = 266.6

The monthly sales rate made from granite paints in Central incorporations is:

February = 400 gallons

March = 266.6 gallons

<h3>What is sales forecasting?</h3>

Sales forecasting can simply be defined as the process of estimating the future revenue by predicting the amount of goods, products or services a sales unit will sell in the next week, month, quarter, or year.

Therefore, the monthly sales rate made from granite paints in Central incorporations is:

February = 400 gallons

March = 266.6 gallons

Complete question:

Central, Inc., is a manufacturer of granite paints. Sales are seasonal due to the seasonality in the home-building industry. The expected pattern of sales for the first quarters of 2011 is as follows: Sales in Units 1st quarter 2nd Quarter Quantity 1,200 gallons 800 gallons

How much quantity sales of granite paint was sold in month of

(I) February

(II)May

Learn more about sales forecasting;

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7 0

2 years ago

You are provided the following information:

Mama L [17]

Answer:

Total period costs= $12,500

Explanation:

iving the following information:

Salaries for assembly workers $32,000

Cost of materials $1,400

Lubricants for machines $680

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Period costs are not directly tied to the production process.

Period costs:

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Total period costs= 12,500

8 0

3 years ago

Interview any business owner on impact of crime

erastovalidia [21]

Answer:

Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.

Explanation:

I hope this helps you sorry if it doesn’t

6 0

3 years ago

On January 2, 2014, Best Beverages acquired 45 percent of the stock of Better Bottlers for $30 million in cash. Best Beverages a

Alex787 [66]

Answer:

Calculation of 2014 equity in net income

Better Bottler's net income $1,125,000

($2,500,000* 45%)

Less: Amortization of patents and $450,000

trademarks revaluation

(160-150* 1000,000/10 at 45%)

Less: Amortization of brand names $270,000

($9000,000 /15 at 45%)

Equity in net income of Better bottles $405,000

Journal entries

Description Debit Credit

Investment in better bottles $405,000

Equity in net income of better bottle $405,000

Cash $292,500

($650,000 * 45%)

investment in better bottles $292,500

b) Calculation of investment balance

Investment balance, Jan 2,2014 $30,000,000

+ Reported income less dividends $5,400,000

($25,000,000 equity - $13,000,000 retained

earnings) * 45%

- 4 yr of revaluation write off

($450,000 * 4) $1,800,000

($270,000 *4) <u>$1,080,000</u>

Investment balance, Dec 31, 2017 <u>$32,520,000</u>

4 0

3 years ago