answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AVprozaik [17]
1 year ago
12

Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $

1,800,000. 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end? 3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $900,000 of goodwill. Should Robinson Company record this goodwill?
Business
1 answer:
Fed [463]1 year ago
7 0

Answer:

Explanation:

Goodwill is defined as the excess in amount of the purchase price of a company over the fair value at acquisition.It is intangible in nature , meaning it can not be physically separated from the other assets. Example are patent , brand name , good employee relation.

1.

Goodwill calculation

Purchase price - $2,500,000

Fair value -          $1,800,000

Goodwill -               $700,000        

2.

No

Under the IAS 36, impairment of assets , goodwill is not amortized but annually tested for impairment as amortization is applicable to intangible assets with a definite useful life while intangible assets with indefinite useful life are annually tested for impairment to evaluate a loss in value experienced.

3

No

Under IAS 38 , Internally generated goodwill are not recognized as no related cost is incurred towards achieving a future benefit

You might be interested in
It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, an
omeli [17]

It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, and the advertisements run on these channels are essentially aimed at them. These women are the company's <u>Target audience</u>

Explanation:

In the question above the women between the age of 25-54 years are the Target Audience because the interactives and the advertisement  on the Scripps network are aimed at these women's.

Now evaluating the other options

A )<u>Strategic Window</u> refers to a time duration during which the particular strategy adopted will work .In this case no time duration is discussed.So its is not a correct answer.

B)<u>Advertising medium :</u>The medium using which a message is communicated to the targeted audience(like TV,radio,newspaper)

<u>C)Consumer jury </u>:In this method the consumer play the role of a jury and they are asked to rank an advertisement

So we can say that These women are the company's <u>Target audience</u>

4 0
1 year ago
While conducting business with a customer from Italy, Zoe was careful to speak slowly and clearly, using short sentences and fam
lana66690 [7]

Answer:

graciously accept the blame for not making her meaning clear.

Explanation:

In business communication when the message being passed is not clearly understood for one reason or the the other (in this case because of language barrier). The polite action to take is first to graciously accept blame for not passing the message across clearly, then find a solution to the communication gap.

Talking louder to the other party will be the wrong step to take as it will appear rude, so offer an apology which will give a positive environment.

The other options of ending the conversation and asking an Italian business man to explain what you mean in simple terms will be taken as a slight.

6 0
1 year ago
Acadia, Inc. recorded restructuring charges of $235,542 thousand during fiscal 2017 related entirely to anticipated employee sep
Karolina [17]

Answer:

A. $205,899 thousand

Explanation:

cash flow effect = restructuring charges - the company’s balance sheet included a restructuring accrual

                           =  $235,542 thousand - $29,643 thousand

                           = $205,899 thousand

Therefore, The cash flow effect of Acadia’s restructuring during fiscal 2017 was $205,899 thousand.

4 0
1 year ago
A number of things organizations can do prior to change to prepare employees include which of the following?
natulia [17]

Answer:

The correct answer is Allow employees to particpate.

Explanation:

Following a strategy in which employee participation is promoted does not imply that all problems are delegated to them, or rather unimportant problems; It consists in the active intervention of workers when identifying, analyzing and solving problems that make it difficult to achieve business objectives. It is important that employees get involved in the challenges of the organization to which they belong, and in the same way that they feel satisfied by a positive performance, they must also be aware and persistent in the face of adverse situations that affect the performance of the company.

6 0
1 year ago
A.J. and April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA cou
Doss [256]

Answer:

5) about two out of three small firms close within five years of their founding.

Explanation:

A prefer to use statistics in a positive way an disclose not the failure rates of small businesses (which are really high), but instead focus on the success rate.

from the total original amount (100%)

  • 80% of small businesses survive their first year of operations
  • 70% of small businesses survive their second year of operations
  • between 40-50% of small businesses survive their fifth year of operations
  • only 30% survive their tenth year

6 0
1 year ago
Other questions:
  • There are several different ways that Bond’s Gym can solve its problem.
    13·2 answers
  • The marine corps, while also steeped in tradition and focused on the individual marine, prides itself on its quick responsivenes
    15·2 answers
  • You are planning an AD implementation for a company that currently has Sales, Accounting, and Marketing departments. Each depart
    6·1 answer
  • Pollyanna Publishing, a textbook publishing firm, purchased a new machine for $80,000. This machine is expected to operate for 1
    8·1 answer
  • On January 1, 2015 Outback Subaru Limited, a Subaru dealership in Alice Springs, sold 2 cars to the town for $50,000 total. Outb
    9·1 answer
  • The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $25,750 Balance per
    10·1 answer
  • Which of the following are elements you should include in meeting minutes? Check all that apply. Old business, new business, and
    12·1 answer
  • Beacon company is considering automating its production facility. the initial investment in automation would be $15 million, and
    9·1 answer
  • You are a landlord for an office building. You just received a claim letter from a tenant asking for a refund of $2,000 for extr
    6·1 answer
  • Determine proper classification (LO11-1) Wi-Fi, Inc., has the following selected transactions during the year. Required: Select
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!