a company reported the following information at year-end: book value estimated cash flows fair value building $ 500,000 $ 380,000 $ 360,000 patent $ 35,000 $ 40,000 $ 38,000 copyright $ 40,000 $ 38,000 $ 39,000 machine $ 100,000 $ 120,000 $ 85,000 based on the above information, what is the total amount of impairment loss that the company should report at year-end?
Answers
The total amount of impairment loss that the company should report at year-end is $139,000.
What is impairment loss ?When a corporate asset's fair market value decreases more than its book value on the company's financial statements, it is said to be impaired.
Assets that are deemed "damaged" must be recorded as a loss on an income statement in accordance with U.S. generally accepted accounting rules, or GAAP.
A drop in an asset's net carrying value, which is the acquisition cost minus depreciation, that is greater than the asset's future concealed cash flow is referred to as an impairment loss in accounting terms. When assets are sold or abandoned because the company no longer believes they will help with long-term operations, impairment occurs.
Given that:
Book value Estimated cash flow Fair value
Building $ 500,000 $ 380,000 $ 360,000
Patent $ 35,000 $ 40,000 $ 38,000
Copyright $ 40,000 $ 38,000 $ 39,000
Machine $ 100,000 $ 120,000 $ 85,000
The impairment loss happens when C-Stop corporation cash flow is less than it's book value.
As can be seen, the expected cash flows for the building and copyright are below the book value. so total amount of impairment loss:
($ 500,000 - $ 360,000 ) - ($ 40,000- $ 39,000 )
= $ 140,000 - $1,000
= $139,000
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Related Questions
a time draft payable to a seller of goods with payment guaranteed by a bank is a: multiple choice commercial paper security. t-bill. repurchase agreement. negotiable cd. banker's acceptance.
Answers
A time draft payable to a seller of goods with payment guaranteed by a bank is a banker's acceptance.
Banker's acceptances are a type of commercial paper that is used in international trade transactions. They are issued by a bank on behalf of a buyer, guaranteeing payment to the seller at a specified future date.
This provides assurance to the seller that they will receive payment, even if the buyer is unable to pay. Banker's acceptances are typically used for the purchase of goods and are considered a safe and reliable form of payment.
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To "finance" an asset is: A) To sell the asset for move then market value B) to lad money to buyers so they can improve portedias C) to raise maney in orjer to acquire the asset D) all Choices are correct Which of the following is a stakcholders of a Colforaxion. A) The stock exchange where the corporation is listed (3) Compectiters of the corporation ()) Suppliers of the Corporasion (D) The currency exchange for foreign corporations All of the following are characterisuics of ploprictorships except? A) limited life B) ease of formation () Income treated as part of the sole propistars income for tax purposes D) ease of rassing additional money for expansion
Answers
Limited life, ease of formation, and income treated as part of the sole proprietor's income for tax purposes are all characteristics of proprietorships.
To "finance" an asset is to raise money in order to acquire the asset. The correct option is C, "to raise money in order to acquire the asset."Explanation:
A corporation is an organization that is created to perform a specific function and is distinct from its owners, who are known as shareholders. The corporation has its own legal identity, which is separate from that of its owners, and it is responsible for its own debts and other financial obligations.
A stock exchange where the corporation is listed is a stakeholder of a corporation. The correct option is A, "The stock exchange where the corporation is listed."This is because the stock exchange plays a crucial role in determining the price of the corporation's shares,
which is a major factor in determining the value of the corporation's assets. Competitors of the corporation, suppliers of the corporation, and the currency exchange for foreign corporations are not considered stakeholders of a corporation.A proprietorship is a type of business organization in which a single individual owns and operates the business.
The correct option is D, "ease of raising additional money for expansion." This is because proprietorships face significant difficulties in raising additional funds for expansion,
which may limit their growth potential. Limited life, ease of formation, and income treated as part of the sole proprietor's income for tax purposes are all characteristics of proprietorships.
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Question 2
(a) Examine the Kraljic Matrix and Supplier Preferencing Model
b) Imagine you are the newly appointed Procurement Manager for 5 branches of the McDonalds fast food restaurant in Singapore. For the following items to be purchased, examine which quadrant of the Kraljic’s Matrix is most suitable for each item. Put in any assumptions that you may have taken to substantiate your answers.
*Uniforms of Staff - available locally
*Lettuce used for the burgers
*Stationery (e.g. Pens, Paper, Staple)
McDonalds exclusive Chilli sauce bought from 1 specific supplier
Maintenance and Recovery of Ice Cream machines done by 1 supplier
2.Imagine you are the sole supplier of the exclusive chilli sauce used by McDonalds in Singapore. Where would you place McDonalds in your supplier Preferencing Model? In your answer, prepare a list of assumptions you would have taken to substantiate your answer.
Answers
(a) Examine the Kraljic Matrix and Supplier Preferencing Mode lKraljic Matrix: Kraljic's Matrix is a strategic tool that assists businesses in identifying how to manage their procurement needs.
The Kraljic Matrix helps managers analyze their procurement requirements in terms of impact and profit, prioritize procurement activities and suppliers, and allocate resources.See the image below:Supplier Preferencing Model: A supplier preference model is a list of rules that are used to choose suppliers based on different criteria, such as pricing, quality, delivery, and so on. This helps to assess each supplier's relative strengths and weaknesses, as well as their importance to the organization, which is critical in selecting the best supplier.Imagine you are the newly appointed Procurement Manager for 5 branches of the McDonalds fast food restaurant in Singapore. For the following items to be purchased, examine which quadrant of the Kraljic’s Matrix is most suitable for each item. Put in any assumptions that you may have taken to substantiate your answers.Uniforms of Staff - available locally: The Uniforms of staff are usually one of the most readily available materials. As a result, they can be categorized into the non-critical quadrant. Given their ready availability, they can be purchased locally, and there is no requirement to develop a long-term strategic partnership.Lettuce used for the burgers: The lettuce used for the burgers can be classified as a bottleneck product. It is critical to the restaurant's menu. There is a risk that lettuce scarcity will disrupt the menu and lead to a loss of revenue. As a result, strategic supplier partnerships and contract terms should be negotiated with the supplier to ensure a steady supply of the lettuce. The focus should be on the quadrant of the strategic product.Stationery (e.g. Pens, Paper, Staple): Stationery is non-critical and low-value materials. They do not require specialized expertise to acquire, and they can be sourced locally. As a result, they belong to the quadrant of non-critical materials.McDonald's exclusive Chili sauce bought from 1 specific supplier: McDonald's exclusive chili sauce is a specialty product that is critical to the menu. As a result, they fall under the strategic products quadrant. The restaurant must maintain a strategic partnership with the supplier to ensure a steady supply of the chili sauce.Maintenance and Recovery of Ice Cream machines done by 1 supplier: This falls under the bottleneck products quadrant because the ice cream machines are critical to the menu. It is essential to have a maintenance agreement in place with the supplier to ensure minimal downtime and a steady supply of ice cream.2. Imagine you are the sole supplier of the exclusive chili sauce used by McDonald's in Singapore. Where would you place McDonald's in your supplier Preferencing Model? In your answer, prepare a list of assumptions you would have taken to substantiate your answer.Supplier Preference Model: A supplier preference model is a list of rules that are used to choose suppliers based on different criteria, such as pricing, quality, delivery, and so on. This helps to assess each supplier's relative strengths and weaknesses, as well as their importance to the organization, which is critical in selecting the best supplier.McDonald's would be classified as a critical partner in a supplier preference model due to the unique relationship that the supplier has with the restaurant. The following are the assumptions that support the position of McDonald's as a critical partner:McDonald's chili sauce is a specialty product that is exclusive to the restaurant.The chili sauce is critical to the menu, and there is no substitute.McDonald's purchases a significant volume of chili sauce from the supplier, providing substantial business.
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A woman cut her own fabric and sewed her own dress in the
Answers
Answer:production era
Explanation: because production means like to create something
Answer:
Simple trade era
Explanation:
A woman is by herself, which is simple, so it wouldn't be nothing else. I also just got it right.
So I want to say that I want to be a police or an FBI but also want to be a business woman what do I do or what do I need to know?
Answers
Resort Hotel Company replaces Sharon, a forty-five-year-old employee, with Terry. Sharon files a suit against the employer under the Age Discrimination in Employment Act. To establish a prima facie case, she must show, among other things, that she is
Answers
As Sharon files the suit against the employer for Age Discrimination, there is need to establish a prima facie case and show that she is Qualified for the position.
What is Age discrimination?An Age discrimination is a class of discrimination that is age-based rather than on race, ethic, gender etc.
In conclusion, Sharon will have to prove that she is Qualified for the position.
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What is the GDP growth rate?
What is GDP per capita growth rate?
What is the productivity growth rate?
Help ASAP. The assignment's due tonight
Answers
The GDP growth rate, also known as economic growth rate, is measure of the change in country's gross domestic product (GDP) over a specific period of time, usually year or quarter.
What is economic growth?Economic growth refers to the increase in the production and consumption of goods and services in an economy over a specific period. This growth can be measured by changes in gross domestic product (GDP), which is the total value of all goods and services produced within a country's borders. Economic growth is generally seen as a positive development, as it creates jobs, increases income and improves living standards for people. However, it can also have negative consequences such as environmental degradation, inequality and inflation. Governments and central banks often try to promote economic growth through various policies, such as fiscal stimulus, monetary policy and investments in infrastructure and education.
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How did Ray conduct marketing-information management?
Answers
assume a linear demand curve. the demand curve intersects the price axis at $10. the price of the good is $2 and the quantity sold is 20. calculate the consumer surplus.
Answers
Answer:
80
Explanation:
You use the area of a triangle formula (1/2b*h). In this case the base would be 20 (quantity demanded) and the height would be 8 (10-2).
The consumer surplus is $80
The demand curve is a curve that shows the relationship between the quantity demanded and the price of a good. The demand curve is downward sloping because quantity demanded is negatively related to the price of the good.
Consumer surplus is the difference between the highest amount a consumer is willing to pay for the good and the price of the good. Looking at the attached image, the consumer surplus is represented by the triangle formed under the area of the demand curve.
Consumer surplus can be determined by calculating the area of the triangle.
Area of a triangle = 0.5 x base x height
Base = 20 = quantity sold
Height = $10 - $2 = $8
Consumer surplus = 0.5 x 20 x $8 = $80
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Complete the statement using the correct term.
Social networking involves using the -?-
to meet and keep in touch with people.
Answers
Determine the statement that best describes the role of the federal reserve district banks
Answers
Answer:
The district banks set the discount rate for lending between banks and oversee open market operations. The district banks direct monetary policy, influencing the policies set by the Board of Governors and the Federal Open Market Committee.
Explanation:
Hope it helps :D
Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answers
Answer:
demand is equal to 1000 and factors is equal to 5000
You are a retail investor and trading shares on Robinhood (TM). You believe that after a significant run up in the stock market over the past several months, that stocks in general are becoming over-valued. In fact, you believe the Market is headed lower over the next 12-18 months. It would be most profitable to invest in
Multiple Choice
stocks with high betas
stocks with low betas
Stocks that are not correlated
stocks that consistently plot below the SML (security market line)
stocks that do not pay a dividend
Answers
The answer is "stocks with low betas," which is correct.
The sensitivity of a stock's returns to those of the entire market is measured by its beta. Purchasing low beta equities will pay off if the market declines.
The first choice is untrue. Stocks with a high beta will decline more in a bear market than the market as a whole.
The third choice is unwise. Although doing so lowers the entire portfolio's risk, it could not be as rewarding as buying low beta stocks.
Option 4 is unsatisfactory. Avoid these stocks because they are ineffective.
Alternative 5 is untrue. In a downturn, there is no association between equities that don't pay dividends and those that perform well.
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Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $25,148 and has a margin of 8%. Based on historical averages, 89 of people buying a new vehicle at Eastern will return for service 7 times over the next 5 years. Though it varies considerably, Eastern generates approximately $96 in margin on each service visit after accounting for parts and direct labor costs.
Not including service, what is the average dollar margin for each new vehicle sold?
Answers
The total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $2,609.92
Given,
Year time horizon = 5 year
Average vehicle sells for = $25,148
Margin = 8%
So, margin on selling vehicle = Average vehicle selling price * Margin = $25,148 * 8% = $2,011.84
Margin generated by 89% of people who return for service over 5 years = Number of times * Margin generated on each service = 7 * $96 = $672
Total estimated customer lifetime value (CLV) at Eastern Motors = Margin on selling vehicle + (Margin generated by 89% of people who return for service over 5 years * 89%) +
(Margin generated by 226% of people who do not return for service over 5 years * 22%) = $2,011.84 + ($672 * 89%) + ($0 * 22%) = 2,609.92
Hence, the total estimated CLV over a 5 year time horizon for a person who purchases new vehicle at Eastern Motors is $2,609.92
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why is free car insurance an incentive for college graduates and first time buyers?
Answers
Answer:
Free car insurance is an incentive for college graduates and first time buyers sheerly because of the price. College graduates and the like usually do not have the wealth to spend too much on car insurance.
Explanation:
solstice inc. has a credit balance of $600 in its allowance for doubtful accounts before the year-end adjustment for bad debts. the amount of credit sales for the year is $80,000, and the year-end balance in accounts receivable is $15,000. assume that the bad debt estimate is 0.5% of credit sales. what is (1) bad debt expense for the year and (2) the ending balance in the allowance for doubtful accounts?
Answers
The bad debt expense for the year is $400 and the ending balance in the allowance for doubtful accounts is -$13,600.
How do you calculate the bad debt expense?Bad Debt Expense = Credit Sales * Bad Debt Estimate
Ending Balance in Allowance for Doubtful Accounts = Beginning Balance in Allowance for Doubtful Accounts + Bad Debt Expense - Write-Offs
Plugging in the given values, we get:
Bad Debt Expense = $80,000 * 0.5% = $400
Ending Balance in Allowance for Doubtful Accounts = $600 + $400 - Write-Offs
To find the value of Write-Offs, we need to use the following formula:
Write-Offs = Accounts Receivable - Estimated Uncollectible Receivables
Plugging in the given values, we get:
Write-Offs = $15,000 - (0.5% * $80,000) = $15,000 - $400 = $14,600
Substituting this value into the formula for the ending balance in the allowance for doubtful accounts, we get:
Ending Balance in Allowance for Doubtful Accounts = $600 + $400 - $14,600 = $600 - $14,200 = -$13,600
Therefore, the bad debt expense for the year is $400 and the ending balance in the allowance for doubtful accounts is -$13,600.
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What is a public good?
A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment
B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment
C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment
D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
Answers
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment
Explain the services offered by wholesalers to manufacturers
Answers
Answer:
advertising :the wholesaler helps out in carrying out product advertising and sales promotion s and by so doing creating awareness for the product
risk bearing :the wholesaler takes charge of the goods thereby accepting responsibility for losses sufferedin the course of distribution
and we have financing,warehousing and bulk breaking
How Socially Conscious Are You?
Answers
briefly describe the term factor market
Answers
Answer:
is a term economists use for all of the resources that businesses use to purchase, rent, or hire what they need in order to produce goods or services.
Explanation:
A(n) ____________ is a supplementary record created to maintain a separate account for each customer.
Answers
Answer:
Accounts Receivable Ledger
What is the name given to numbers in a bar chart?
Answers
The scale refers to the values on a horizontal bar chart's x-axis or the y-axis in a vertical bar chart.
What do you mean by bar chart?In bar charts, class intervals are often used to group together discrete, continuous, or categorical data. They consist of an axis and a set of indicated horizontal or vertical bars.
The bars display either the different values of the variable themselves or their frequency distributions. Bar charts should be used to show different parts of the data.
Vertical bar charts can be helpful for comparing multiple categories of discrete data, such as age groups, classes, and schools, if there aren't too many to compare. They are also very useful for time series data.
The x-axis is ideal for years, minutes, hours, or months despite having minimal capacity for labeling.
A tool for comparing data sets on the same locations or items is the grouped bar chart.
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What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answers
Answer:
A second mortgage loan uses real estate for security
What is a mechanism used to put a plan into action
Answers
Review your progress. Take a look at where you are to see if you're on track to meet your goals. ...
Adjust your plan if you need to. If you're not on track to meet your goals, adjust your plan.
define the meaning of a gross salary
Answers
Answer:
here
Explanation:
To calculate an employee's gross pay, start by identifying the amount owed each pay period. Hourly employees multiply the total hours worked by the hourly rate plus overtime and premiums dispersed. Salary employees divide the annual salary by the number of pay periods each year. This number is the gross pay
Answer:
gross salary is the individual's total pay from his or her employer before taxes
Explanation:
Gross income for an individual—also known as gross pay when it's on a paycheck—is the individual's total pay from his or her employer before taxes or other deductions. This includes income from all sources and is not limited to income received in cash; it also includes property or services received.
How do you think companies determine the price for their products?
Answers
Answer:
Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.
when marginal cost is less than average variable cost, (select all that apply) group of answer choices marginal cost must be rising. marginal cost must be falling. average total cost must be falling. average variable cost must be falling.
Answers
Marginal cost must be falling.
Average variable cost must be falling.
When marginal cost is less than average variable cost, it means that the cost of producing an additional unit is less than the average variable cost of producing all units. This indicates that the average variable cost is likely to be decreasing, since the cost of producing an additional unit is lower than the average cost of producing all units. Marginal cost must be falling, since it is less than the average variable cost.It is important to note that this situation is generally considered to be positive for the firm, as long as the price is greater than the marginal cost. This means that the firm is able to make a profit on each additional unit produced, and the more units produced, the greater the profit
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as explained in the lecture it’s perfectly legal to dismiss workers because of union membership. t/f
Answers
False. As explained in the lecture, it’s not legal to dismiss workers because of union membership. It is considered a violation of employees' right to join or form a union and engage in collective bargaining. The National Labor Relations Act (NLRA) of 1935 guarantees workers the right to engage in collective bargaining, form and join unions, and refrain from doing so without fear of retaliation from their employers.
In the United States, employers are prohibited from discriminating against their employees based on their union membership or their participation in union activities. Employers who violate the NLRA can face legal consequences, including fines and court orders to reinstate terminated employees.
The NLRA has been amended over the years, and it currently provides comprehensive protection to workers who engage in union activities or who express support for a union. Additionally, some states have passed their own laws that provide additional protections for workers' rights to form and join unions and engage in collective bargaining.
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27. Suppose a monopolist has a total cost function TC = 100 +
10Q + 2Q2, and the demand curve it faces is P = 90 - 2Q.
The profit-maximizing price for this firm is
a.
10
b.
70
c.
300
d.
400
Answers
The profit-maximizing price for the monopolist is (b) $70, as determined by equating marginal revenue and marginal cost.
The profit-maximizing price for the monopolist can be determined by finding the point where marginal revenue equals marginal cost. To find the profit-maximizing price for the monopolist, we need to calculate the marginal revenue (MR) and marginal cost (MC) and equate them.
The marginal revenue can be calculated by differentiating the demand function with respect to quantity (Q):
MR = d(PQ)/dQ = P + Q(dP/dQ)
In this case, the demand function is P = 90 - 2Q, so we can differentiate it to find dP/dQ:
dP/dQ = -2
Substituting the values into the marginal revenue equation:
MR = (90 - 2Q) + Q*(-2) = 90 - 2Q - 2Q = 90 - 4Q
The marginal cost (MC) is the derivative of the total cost function with respect to quantity (Q):
MC = d(TC)/dQ = 10 + 4Q
To find the profit-maximizing price, we set MR equal to MC and solve for Q:
90 - 4Q = 10 + 4Q
8Q = 80
Q = 10
Substituting Q = 10 into the demand function to find the price (P):
P = 90 - 2Q = 90 - 2(10) = 90 - 20 = 70
Hence, the profit-maximizing price for the monopolist is $70 (option b).
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Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
The use of any trademark in this text does not vest in the author or publisher any trademark ... Part 1: Management Practice 110 A Manager's Dilemma 110 Global Sense 110 ... Retaining Competent, High-Performing Employees 462 Employee ... as you can see, managers can and do have an impact—positive and negative.