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2 years ago

Why was it inefficient to leave highway construction to individual states?

1 answer:

7 0

Because highway often connect several regions between states and the indivdual states often only want to be responsible for the construction of their own states. This will cause many leftover material and the abundance of expense from the Government's budget so it better to leave the matter on federal Government.

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Acme Enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this

Sedaia [141]

Answer:

Acme's current balance of accounts payable is $6000

Explanation:

The closing balance of accounts payable can be calculated using the opening balance and adjusting the changes during the period to the opening balance.

The closing balance can thus be calculated as:

Closing balance = Opening balance + Credit purchases - Payment to Accounts payable

Closing balance = 3000 + 4000 - 1000

Closing balance = $6000

8 0

2 years ago

When shopping for a smartphone, a consumer first compares prices to see which brand offers the lowest price. After also inspecti

kramer

Answer:

Top-of-the-mind awareness

Explanation:

Many customers select products and commodities on the basis of brand loyalty and many select brands which offer the lowest rates. A concept where consumer selects a brand on the basis of best features and software’s is a general concept that is called the top of the mind awareness, which states that every customer wants to buy a commodity that is best in every aspect. It is estimated by asking customers by using surveys about the brands that first rings a bell in a specific class.

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2 years ago

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Jerome, Sheila, Gary, and Ella agreed to purchase a tract of land and make it available for use as a free playground for neighbo

lesya [120]

Answer:

Yes

Explanation:

The damages can be recovered as Jerome and Gary hung the playground swing improperly. A child was injured due to their negligent actions. The case will be on Meadowbrook Playground and not on the individual person who has committed the mistake. According to law, the damages can be recovered as the enterprise owned the whole property, and due to their carelessness in the installation of swing, the accident took place. The child's parent has every right to recover damages from the playground owner.

7 0

2 years ago

During the current year, Brewer Company acquired all of the outstanding common stock of miller Inc. paying $12,000,000 cash. The

Lesechka [4]

Answer:

See the explanation below:

Explanation:

The merged details are first sorted as follows:

Details Book Value ($) Fair Value ($)

Accounts receivable 1,800,000 1,625,000

Inventories 2,700,000 4,000,000

Property Plant and Equipment 9,000,000 11,625,000

Accounts payable 3,000,000 3,000,000

Bonds payable 4,500,000 4,125,000

The calculation will now be done using the fair value as follows:

Total fair value of assets = $1,625,000 + 4,000,000 + 11,625,000 = $17,250,000

Total fair value of liabilities = $3,000,000 + 4,125,000 = $7,125,000

Fair Value of Miller Inc. Equity = $17,250,000 - $7,125,000 = $10,125,000

Goodwill from the acquisition = $12,000,000 - $10,125,000 = $1,875,000

The journal entries will look as follows:

<u>Details Dr ($) Cr ($) </u>

Goodwill 1,875,000

Miller Inc. Equity acquired 10,125,000

Cash 12,000,000

<u>To record the acquisition Miller Inc. </u>

7 0

2 years ago

Margaret would like to work in the Journalism and Broadcasting industry. Which set of qualifications would best assist Margaret

jenyasd209 [6]

Your answer would be C because you gotta be ive if you wanna be in journalism and broadcasting

8 0

1 year ago

Read 2 more answers