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Rudiy27
2 years ago
9

Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $223,000 but h

ad a fair value of $526,000 at the acquisition date. What value should be attributed to this land in a consolidated balance sheet at the date of takeover?
Business
1 answer:
Ray Of Light [21]2 years ago
7 0

Answer:

Fair Value 549,000

Explanation:

The International accounting standard IAS 16 says that the asset must be reported at the fair value in the financial statement regardless of whether the company is acquired by another company or not. So the correct treatment of this asset would be to record it at fair value both in the consolidated financial statement and individual financial statements.

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An LCD screen is purchased to be used in the manufacturing of a digital watch. The standard price for the LCD screen used is $40
GenaCL600 [577]
The answer would be
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2 years ago
On June 30, a printing shop provides $1,000 of services to a customer to custom print restaurant menus. The customer is sent a b
Margaret [11]

Answer:

June 30

Explanation:

According to the revenue recognition principle, the sale is made when it is earned, not when it is received by the customer. That means it follows the accrual basis of accounting, not the cash basis of accounting.

In the given situation, On June 30 the printing shop provides service to a customer for $1,000, On July 5 it sent a bill and on July 25, the amount is received by the customer.

So, The $1,000 would be recognized on June 30 when the sale is made by the printing shop

8 0
2 years ago
In order to do an effective job, the CSIRT needs to know who it works for and what systems it should focus on; in other words, i
Viktor [21]

Answer:

Constituency

Explanation:

CSIRT stands for  Computer Security Incident Response Team, they are a group of experts that are hired to handle all incidents that occurred within your computer system.

In CSIRT term, constituency refers to area of expertise that each members of the team possess along with division of responsibilities that they have within the team . Having wider range of constituency tend to make the team become more efficient and capable to handle different types of attacks to the system.

7 0
2 years ago
When Jenny Jimenez was attempting to pay off $37,000 in debt, how did she decide which cards to pay off first?
zlopas [31]

Jenny Jimenez paid only the minimum required on every credit card, except for the one with the highest interest rate.  

This is true, If you put more budget on your payments for the credit card having the highest interest rate, you'll pay the whole balance more quickly. Then, do the same with the other remaining cards, pay the balance which has the highest interest rate.


8 0
2 years ago
Burrito King (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fa
bezimeni [28]

Answer:

(A)0.6600 (B) 1.325 (C) 0.997 or 1 minute

Explanation:

Solution

Given that:

The constant rate = 30 seconds

The arrival rate according to Poisson distribution is = 45 seconds

Now,

(A) We solve for the average length line of cars

The formula is given below:

Lq = λ²/ 2μ ( μ -λ)

Here,

λ = this is the mean time of arrival rate

μ = This is the mean service rate

Thus we compute for the mean time arrival rate which is given below:

The mean arrival rate λ = arrival rate/ 60 seconds

= 60/45

= 1.33 customer per minute

Then we solve for the means service rate which is given below

The mean service rate μ = 60 seconds/ mean rate

= 60/30 = 2 customer per minute

We will now solve for the average line length in cars which is shown below:

Lq = λ²/ 2μ ( μ -λ)

Lq = 1.33²/2*2 (2-1.33)

Lq = 1.7689/4 (0.67)

Lq = 1.7689/2.68

Lq = 0.6600

Therefore the average length in line for cars is 0.6600 cars

(B) We solve for the average number of cars in the system

Ls =Lq + λ /μ

Ls =0.600 + 1.33/2

Ls =0.6600 + 0.665

Ls = 1.325

(C) Finally we need to find the expected average time in the system which is shown below:

Ws = Ls/λ

Ws= 1.325/1.33 = 0.997 or 1.00

The expected time average  in the system is 0.997 or 1.00 minutes.

3 0
2 years ago
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