Answer:
Based on the calculations, the amount is $135,000.
Explanation:
Book value of the acquiring company's inventory before the merger = $90,000
Fair value of the acquired inventory = $45,000
Total inventory value post-business combination = $90,000 + $45,000 = $135,000
Thus, the total amount is $135,000
Solution and Explanation:
1. MC = Cost of raw materials + Labor cost
MC = 5 plus (10 divide by 2)
MC = $10
2. TFC = $300
Q = 300, AFC = TFC/Q = 300 divide by 300 = $1
3. Nicholas's optimum output is likely to be greater
Rationale: P = MR = $15, MC = $10
With MR exceeding MC, increasing output is advisable until MR equals MC to maximize profits.
4. His profit-maximizing output would likely increase
Reason: P = MR = $15, MC = $4 + $5 = $9
Since MR > MC, Nicholas should amplify his output until they are equated at the profit-maximizing point.
Coca-Cola and General Motors exemplify the use of sponsorship as a strategic tool to communicate cultural messages through their promotional endeavors by supporting various small, local sports teams and cultural events globally, particularly in schools. This goes beyond merely displaying logos in exchange for investment; it reflects a commitment to foster community spirit through sports and promote athlete support, thereby engaging with youth in a dynamic and enjoyable manner, using their brand power to encourage sports participation.
S/N Account Titles & Explanation Debit Credit
1) Taxes Receivable—Current $3,300,000
Estimated Uncollectible Current Taxes $66,000
Revenues $3,234,000
2) Cash $2,987,500
Tax Receivable-current $2,987,500
3) Cash $28,900
Tax Receivable- Delinquent $26,500
Interest and Penalties Receivable On Taxes $2,400
4) Penalties and Interest Receivable $3,750
Estimated Uncollectible Interest $650
and Penalties Revenues $3,100
5) Taxes Receivable- Delinquent $312,500
(From $3,300,000-$2,987,500)
Estimated Uncollectible Current Taxes $66,000
Taxes Receivable- Current $312,500
Estimated Uncollectible Delinquent Taxes $66,000
