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Liula [17]
2 years ago
5

You skip the doughnut at the quick market, and buy fruit instead. The fruit is $2.00. The store charges you $2.08.

Business
1 answer:
Sophie [7]2 years ago
7 0

Unless the question is incomplete, then there is tax on the fruit which is where the other 8 cents is coming from. There is tax on some food items, but not all, so there could be a surcharge of some short that the quick market charges.

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Which of the following generational groups is most likely to represent the present owners of cottages surrounding Witmer Lake?A)
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Starbucks has been in business for over 40 years and for most of that period has been quite successful. They have a portfolio of
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Marketing and distribution of a variety of products

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6 0
2 years ago
Amara has taken out a fixed rate mortgage for $125,000 at 4.04% for 20 years, or 240 months. Her payments are $730. What is the
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The stock of healthy eating, inc., has a beta of .88. the risk-free rate is 3.8 percent and the market return is 9.6 percent. wh
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3 0
1 year ago
On January 1, 2020, the balance sheet of Naperville Company (a sole proprietorship) was as follows.
guapka [62]

Answer:

Explanation:

From the information povided:

(a) To compute the amount of goodwill paid by Chicago Corporation

Particulars                                            Amount ($)

Accounts Receivable                           100000

Inventory                                               170000

Plant & Equipment                               400000

Land                                                        90000

Customer List                                            4000

Trade Names                                          <u> 16000</u>

     NET ASSETS  (A)                             <u>780000</u>

<u />

Current liabilities                                     76000

Non-current liabilities                            <u>160000 </u>

      NET LIABILITIES (B)                        <u> 236000</u>

∴

PURCHASE  CONSIDERATION (A -B)   544000

<u>Less:</u>  Cash Paid                                    <u>  580000</u>

          GODWILL                                    <u>    36000 </u>

<u />

b)

In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.

Account Name                                       Dr.                      Cr.

Accounts Receivable A/C                  100000

Inventory A/C                                       170000

Plant Equipment  A/C                          400000

Land A/C                                                 90000

Customer List A/C                                    4000

Trade Names A/C                                   16000

Goodwill A/C                                           36000

Current liabilities A/C                                                       76000

Non-Current Liabilities A/C                                             160000

Cash A/C                                                                          580000

c)

The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.

<u />

8 0
1 year ago
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