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During the past several years the annual net income of Avery Company has averaged $ 540,000. At the present time the company is being offered for sale. Its accounting records show the book value of net assets ( total assets minus all liabilities) to be $ 2,800,000. The fair value of Avery’s net identifiable assets, however, is $ 3,000,000. An investor negotiating to buy the company offers to pay an amount equal to the fair value for the net identifiable assets and to assume all liabilities. In addition, the investor is willing to pay for goodwill an amount equal to the above- average earnings for five years. On the basis of this agreement, what price should the investor offer? A normal return on the fair value of net assets in this industry is 15 percent.
decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Compute the new cash provided (used) in operating activities using the indirect method
Calculation of break even sales in dollars . Selling price per unit-$20 and total fixed expenses-$5,000
Calculation of Material cost variance, labor variance and Over head variance and the company records materials price variances at the time of purchase.
Consider that SnowCastles has found ways to cut its fixed costs to $31 million. Evaluates its new target variable cost per skier/snowboarder? Compare this to the present variable cost per skier-snowboarder.
Create journal entries for each of these events. Also create any needed entries to accrue interest on the notes at 31st December. 2005.
Cost of goods sold for the year was $369,000. Northwest uses a perpetual inventory system. Illustrate what is ending inventory assuming Northwest uses the gross method to record purchases?
Which of the following statements is most correct concerning the relationship between a company's cash budget and its income statement
Determine the Revenues for Simpson Co. for April and Explain why cash receipt from customers can be different from revenues.
Evaluate the income statement
At the end of the sixth year, the account balance was transferred to a bank paying 10%, and annual deposits of $6,000 were made at the end of each year from the seventh through the tenth years. What was account balance at the end of the tenth yea..
Definition of Primary and Secondary Market and identification of their role in Finance.
Gladstone Company tracks the number of units purchased and sold all through each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system.
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