When an existing contract is replaced with an entirely new contract , it is called

Catron Corporation is having liquidity problems, and as a result, it sells all of its outstanding stock to Lambert, Inc., for ca

lesya [120]

Answer:

The assets and liabilities acquired in a consolidation process are recorded at their fair market value. If the price paid during the consolidation process is lower than the fair market value of the assets - liabilities, then an ordinary gain on bargain purchase is recognized for the difference.

5 0

3 years ago

Interspace Merchandising anticipated selling 29,000 units of a major product and paying sales commissions of $6 per unit. Actual

lukranit [14]

Answer:

Cost variance = 8,700 U

so correct option is C. $8,700 U

Explanation:

given data

selling = 29,000 units

sales commissions = $6 per unit

Actual sales = 31,500 units

sales commissions = $182,700

to find out

cost variance

solution

we know that Material quantity variance is express as

Material quantity variance = sales commissions × (Actual sales - selling )

Material quantity variance = $6 × (31,500 - 29,000)

Material quantity variance = =$15,000 U

and

Material price variance = $182700 - $31500 × $6

Material price variance = $6,300 F

so

Cost variance = $15,000 U - $6,300 F

Cost variance = 8,700 U

so correct option is C. $8,700 U

4 0

4 years ago

The four components of planned aggregate expenditure are: A. spending on domestic goods, domestic services, foreign goods, and f

ASHA 777 [7]

Answer:

D.

Explanation:

Aggregate Planned Expenditure (AE) can be defined as the sum value of all the finished products and services in an economy. This value is calculated by adding all the expenditures that are considered in an economy. These components are household consumption (C), planned investments (I), Government expenditures or purchases (G), and net exports (NX) [net exports is the difference between the total exports and total imports].

<u>The sum value or the aggregate planned expenditure is calculated by adding all these components</u>.

So, the correct answer is option D.

6 0

4 years ago

Which factor of production is LEAST likely labeled in the photo?

Natali5045456 [20]

Answer:

Natural resources

Explanation:

Humans should bring an end to all ways of degradation. Cutting down on food waste would only increase the amount of atmospheric carbon dioxide. Alternatively, inspire people to grow more trees in order to maintain nature's harmony. Furthermore, it reduces electricity consumption around the board.

5 0

3 years ago

Magda Micale, a public school teacher with adjusted gross income of $10,000, paid the following items in 2018 for which she rece

alisha [4.7K]

Answer:

$80

Explanation:

Magda's miscellaneous itemized deductions include the initiation fee for membership in the teachers' union and the dues to the teachers' union. The voluntary fund contribution is not deductible.

All miscellaneous deductions can be deducted as long as they exceed the 2% of AGI threshold, which in this case = $10,000 x 2% = $200

Total itemized deductions = $100 + $180 = $280 - 2% of AGI ($200) = $80

4 0

4 years ago