The balance sheet of cattleman's steakhouse shows assets of $87,300 and liabilities of $15,000. the fair value of the assets is $90,600, and the fair value of its liabilities is $15,000. longhorn paid cattleman's $84,320 to acquire it. longhorn should record goodwill on this purchase of: $12,020 $2,980 $10,400 $8,720
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At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58
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The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
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For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?
Answers: 3
The balance sheet of cattleman's steakhouse shows assets of $87,300 and liabilities of $15,000. the...
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