CB
Carolyn Bentley
Answers (6)
CB
Answered
A normative economic statement:
A) is a hypothesis used to test economic theory.
B) is a statement of fact.
C) is a statement of what ought to be,not what is.
D) indicates what will occur if certain assumptions are true.
E) enables economists to test hypotheses.
A) is a hypothesis used to test economic theory.
B) is a statement of fact.
C) is a statement of what ought to be,not what is.
D) indicates what will occur if certain assumptions are true.
E) enables economists to test hypotheses.
On Jul 23, 2024
C
CB
Answered
If a consumer derives more utility by spending an additional $1 on good X,rather than on good Y:
A) MUx/Px > MUy/Py.
B) MUx/Px = MUy/Py.
C) MUx/Px < MUy/Py.
D) Px/MUx > Py/MUy.
A) MUx/Px > MUy/Py.
B) MUx/Px = MUy/Py.
C) MUx/Px < MUy/Py.
D) Px/MUx > Py/MUy.
On Jul 21, 2024
A
CB
Answered
Autonomy support is positively related the satisfaction of all three basic psychological needs.
On Jun 23, 2024
True
CB
Answered
Parent Inc. and Sub Inc. had the following balance sheets on July 31, 2019: Parent Inc Sub Inc Sub Inc (caryying value) (carrying value) (fair value) Cash $180,000$36,000$36,000 Accounts Receivable $100,000$40,000$40,000 Inventory $60,000$24,000$27,000 Plant and Equipment (net) $200,000$80,000$93,000 Goodwill $−$8,000 Trademark $−$12,000$15,000 Total Assets $540,000$200,000 Current Liabilities $80,000$50,000$50,000 Bonds Payable $320,000$20,000$24,000 Common Shares $90,000$80,000 Retained Earnings $50,000$50,000 Total Liabilities and Equity $540,000$200,000\begin{array}{|l|r|r|r|}\hline & \text { Parent Inc } & \text { Sub Inc } & \text { Sub Inc } \\\hline & \text { (caryying value) } & \begin{array}{r}\text { (carrying } \\\text { value) }\end{array} & \text { (fair value) } \\\hline \text { Cash } & \$ 180,000 & \$ 36,000 & \$ 36,000 \\\hline \text { Accounts Receivable } & \$ 100,000 & \$ 40,000 & \$ 40,000 \\\hline \text { Inventory } & \$ 60,000 & \$ 24,000 & \$ 27,000 \\\hline \text { Plant and Equipment (net) } & \$ 200,000 & \$ 80,000 & \$ 93,000 \\\hline \text { Goodwill } & \$- & \$ 8,000 & \\\hline \text { Trademark } & \$- & \$ 12,000 & \$ 15,000 \\\hline \text { Total Assets } & \$ \mathbf{5 4 0 , 0 0 0} & \$ 200,000 & \\\hline \text { Current Liabilities } & \$ 80,000 & \$ 50,000 & \$ 50,000 \\\hline \text { Bonds Payable } & \$ 320,000 & \$ 20,000 & \$ 24,000 \\\hline \text { Common Shares } & \$ 90,000 & \$ 80,000 \\\hline \text { Retained Earnings } & \$ 50,000 & \$ 50,000 \\\hline \text { Total Liabilities and Equity } & \$ 540,000 & \$ 200,000 \\\hline\end{array} Cash Accounts Receivable Inventory Plant and Equipment (net) Goodwill Trademark Total Assets Current Liabilities Bonds Payable Common Shares Retained Earnings Total Liabilities and Equity Parent Inc (caryying value) $180,000$100,000$60,000$200,000$−$−$540,000$80,000$320,000$90,000$50,000$540,000 Sub Inc (carrying value) $36,000$40,000$24,000$80,000$8,000$12,000$200,000$50,000$20,000$80,000$50,000$200,000 Sub Inc (fair value) $36,000$40,000$27,000$93,000$15,000$50,000$24,000 Assuming that Parent Inc acquires 80% of Sub Inc on August 1, 2019 for cash of $180,000, what would be the amount of goodwill appearing on the Consolidated Balance Sheet on the date of acquisition if the identifiable net assets (INA) method were used?
A) $72,000
B) $88,000
C) $70,400
D) Nil
A) $72,000
B) $88,000
C) $70,400
D) Nil
On Jun 21, 2024
C
CB
Answered
Which of the following are usually included in traditional cost systems?
i. Direct material is traced to products.
ii. Non-manufacturing costs are assigned to products.
iii. Manufacturing overhead is allocated using a production-volume-based cost driver.
A) i
B) ii
C) iii
D) i and iii
i. Direct material is traced to products.
ii. Non-manufacturing costs are assigned to products.
iii. Manufacturing overhead is allocated using a production-volume-based cost driver.
A) i
B) ii
C) iii
D) i and iii
On May 23, 2024
D
CB
Answered
The only firm to show substantial diffusion in Richard Walton's research on diffusion of eight major process innovations was General Foods.
On May 22, 2024
False