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Naily [24]
2 years ago
6

The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $15,200. The fair value of the assets is

$89,900 and the fair value of its liabilities is $15,200. Longhorn paid Cattleman's $82,620 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of:
Business
1 answer:
Allisa [31]2 years ago
6 0

Answer:

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

Explanation:

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Total Fair Assets=Fair Value of Assets-Fair Value if Liabilities

Total Fair Assets= $89,900-$15,200

Total Fair Assets= $74,700

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Longhorn Goodwill=$82,620-$74,700

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

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The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:
gladu [14]

Answer:

Total factory overhead to be charged to each unit of Hooks is $33

Explanation:

Sum of all Activity Cost = Total Factory Overhead

Calculate the total factory overhead to be charged to each unit of Hooks

Activity rate = Budgeted amount / Total of each activity base

∴ Activity Rate

      For Setups = 60,000 / 20,000 = 3 per setup

      For Inspections = 120,000 / 24,000 = 5 per inspections

      For Assembly = 420,000 / 28,000 = 15 per dlh

Activity Cost = Activity base for each unit * Activity rate

∴ Activity Cost

      For Setups = 1 x 3 = $3

      For Inspections = 3 x 5 = $15

      For Assembly = 1 x 15 = $15

Recall that;

Sum of all Activity Cost is the Total Factory Overhead

= $3 + $15 + $15

= $33

8 0
2 years ago
Gay manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (d1 = $1.25). the stock sells for $32.
Oksi-84 [34.3K]
<span>stock sold per share $32.50 Dividend per share $1.25 Return rate is 10.5% Percentage of Dividend for share is: 32.50* x/100 = 1.25 32.50 x = 1.25*100 x = 125/32.50 thus, x = 3.85 so Dividend percentage is 3.85% to find Growth rate, we have to reduce the dividend percentage from return rate percentage: = 10.5 - 3.85 = 6.65 The equilibrium expected growth rate is 6.65%</span>
6 0
2 years ago
According to the article by Hutchinson, Farris and Anders (2007), cash-to-cash analysis is difficult because financial data and
Margarita [4]

Answer:

False

Explanation:

"Cash-to-cash Analysis and Management" by<em> Hutchinson, Farris and Anders</em> talks about the availability of the<em> financial data</em> and <em>computer technology</em> in assisting a business when it comes to determining its <u>cash-to-cash position </u><em><u>(C2C)</u></em><em>,</em> as well as the <em>benchmarks</em> needed for comparison.

Cash-to-cash analysis was difficult in the past, however, it is easier nowadays. The supply chain is even examined at a broader view than before. C2C efficiency is possible by utilizing the<em> readily available</em> financial date and computer technology. So, this makes the statement above as "false."

So, this explains the answer.

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Serena's financial goal is to reduce debt. Which statement could make Serena's financial goal specific and timely?
dimaraw [331]
B. Serena should focus on a certain amount and track her spending
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2 years ago
One of the benefits of mindfulness is that it enables you to
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Benefits of having a mindfulness life is that you will think before making decisions.
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