Jules Sylvester had always loved reptiles. When he was asked by a movie producer if he could locate some anaconda snakes for a m
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Answer: The sale price to the nearest dollar was $61,202
We arrive at the answer as follows:
The term 'netted' refers to the seller's profits after deducting costs and commissions.
Hence we need to add back these amounts to arrive at the sale price.
Net Proceeds $55,000
<u>Add: Costs $1,000 </u>
Total $56,000
The commission is 8.5%; however commissions are quoted as a percentage of sales price.
Expressed in other words, if the sale price was 100, commissions were 8.5. That would mean that the total above would be the equivalent of
From this we can arrive at the sale price as follows:
Answer:
See the attached file below.
Explanation:
There's not much difference between IFRS and U.S. GAAP when it comes to business acquisition.
In accordance with IFRS, FB Corp. would do the following procedure:
(1) record the acquired assets and liabilities at fair value
(2) expense any acquisition related costs such as legal fees
(3) ignore post acquisition costs when determining the values at acquisition
(4) calculate goodwill as the difference between the net assets and the acquisition price less legal fees.
Answer:
Explanation:
Data given and notation
represent the sample mean
represent the standard deviation for the sample
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:
(1)
t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this: