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Nutka1998 [239]
2 years ago
11

Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $12.5 million. The fair value of Midwest's asset

s is $8.5 million. The fair value of Midwest's liabilities is $1.3 million. Calculate the amount paid for goodwill
Business
1 answer:
Tems11 [23]2 years ago
6 0

Answer:

$5.3 million

Explanation:

Kosher pickle company acquires outstanding stock of Midwest produce for $12.5 million

Fair value of Midwest assets is $8.5 million

Fair value of Midwest liabilities is $1.3 million

The first step is to calculate the fair value of net identifiable assets

= $8.5 million-$1.3 million

=7.2 million

Therefore, the amount paid for goodwill can be calculated as follows

= $12.5 million-$7.2 million

= $5.3 million

Hence the amount paid for goodwill is $5.3 million

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The variance of a sample of 121 observations equals 441. The standard deviation of the sample equals 1.91. 231. 21. 11.
Cloud [144]

The standard deviation of sample equals: 11

Explanation:

Given:

                                 variance of sample (S^{2}) = 121

                                 no, of observations made = 441

                                         standard deviation = ?

By using the formula:

                          Standard deviation (S) = \sqrt{variance}

                                                                 = \sqrt{S}

                                                                 = \sqrt{121}

                                                                 = 11

Hence the standard deviation is equal to 11.

 

6 0
2 years ago
This year, Napa Corporation received the following dividends: KLP Inc (a taxable Delaware corporation in which Napa holds an 8%
murzikaleks [220]

Answer:

$147,500

Explanation:

Computation of Napa's dividends-received deduction

Napa is said to holds less than 20% stock interest in KLP Inc which means that the dividends received deduction in the case of dividends received from KLP would be 50%.

And in case of dividends received from Gamma, the dividends received deduction would be 100% reason been that KLP holds more than 80% of the stock interest in Gamma.

Hence:

Napa’s dividends-received deduction will be:

= ($55,000 x 50%) + $120,000

=$27,500 +$120,000

= $147,500

Therefore Napa's dividends-received deduction will be $147,500

7 0
1 year ago
Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu
seropon [69]

Answer:

Allocated MOH= $888

Explanation:

Giving the following information:

The Customizing Department’s predetermined overhead rate is based on direct labor-hours.

Customizing

Direct labor-hours 8,300

Total fixed manufacturing overhead cost $83,000

Variable manufacturing overhead per direct labor-hour $4.80

Job T138:

Direct labor-hours 60

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (83,000/8,300) + 4.8

Predetermined manufacturing overhead rate= $14.8 per direct labor hour

<u>Now, we can allocate overhead to Job 138:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14.8*60= $888

8 0
2 years ago
A project requires $428,000 of equipment that is classified as seven-year property. What is the depreciation expense in Year 3 g
lorasvet [3.4K]

Answer:

C)$74,857.20

Explanation:

The computation of the depreciation expense in year 3 is shown below:

= Required equipment amount × MACRS depreciation allowances in year 3

= $428,000 × 17.49%

= $74,857.20

Simply we multiply the equipment amount with its depreciation allowance of year 3 so that the correct amount can be computed.

All other information which is given is not relevant. Hence, ignored it

7 0
2 years ago
Cnt-books wants an affordable way to establish remote connections for its salespeople, who log on from customer sites all over t
ElenaW [278]

Virtual private network connections the salespeople and branch offices should use.

The salespeople and branch offices should install Internet Protocol Security, Layer 2 Tunneling Protocol, Authentication Header and Encapsulating Security Payload with Secure Hash Algorithms-256 and Advanced Encryption Standard-256.

Symmetric digital subscriber line services should be installed on the main offices network to keep communication costs to a minimum.

Each branch office should be equipped with a firewall that can be configured as a virtual private network endpoint to the main office with routing services that differentiate between corporate and Internet traffic.

8 0
2 years ago
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