Answer:
Goodwill = $35,000
<u>Journal</u>
J1
Investment in Marino $300,000 (debit)
Cash $300,000 (credit)
J2
inventory $10,000 (debit)
equipment $230,000 (debit)
Trade Receivable $25,000 (debit)
Goodwill $35,000 (debit)
Investment in Marino $300,000 (credit)
Explanation:
Goodwill is the excess of Purchase price over fair value of Assets and Liabilities transferred in a Business combination agreement.
Goodwill = Purchase price - Net Assets Transferred (fair value)
= $300,000 - ($10,000+$230,000+$25,000)
= $35,000
The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.
<h3>
How to calculate the value?</h3>
We use the formula:
A=P(1+r/100)^n
where
- A=future value
- P=present value
- r=rate of interest
- n=time period.
Hence future value Javier will be:
=$15000*(1.052)^27
=$58,954.40
For Alex:
58,954.40=P*(1.062)^27
P=58,954.40/(1.062)^27
=$11618.61
Hence difference will be:
=15000 - 11618.61
= $3381.39
Learn more about interest on:
brainly.com/question/2294792
#SPJ1
Okay so...
.85/330 and 1.29/500
(Brand A) .0025757575757... and (Brand B) .00258
So it's Brand A (as shown above).
==========================================================
Same way to solve...
3.75/75 (Brand A) and 5.90/125 (Brand B)
.05 and .0472
So Brand B is the cheapest (Again with explanation above).
Answer:
Credits are made to Common Stock $30,000 and Paid in capital in excess of Par value $12,000
Explanation:
The journal entry is shown below;
Cash $42,000 (3,000 shares at $14)
To Common Stock $30,000 (3,000 shares at $10)
To Paid in capital in excess of par value $12,000 (3,000 shares at $4)
(Being issuance of the common stock is recorded)
Here cash is debited as it increased the assets and credited the common stock & paid in capital as it also increased the stockholder equity
Answer:
True
Explanation:
An accurate inventory of the record helps us to ensure that you always have the high-demand items on-hand, so that you would never come up short. An accurate inventory record also allows you to follow the sales trends, so that you can differentiate between the fast-moving and the slow-moving products. Keeping reports of the monthly inventory record helps us understand what stocks are doing well, and versus which are just taking up the shelf space. The lack of the right inventory can mean back orders and excess inventory which consequently drive up the costs. Thus, Inventory records help determine how many items of material, components, and sub-assemblies need to be ordered to make the final product.