Northern purchased the entire business of Southern including all its assets and liabilities for $652,750. Below is information related to the two companies: Northern Southern Fair value of assets $1,057,000 $796,000 Fair value of liabilities 575,000 306,000 Reported assets 819,000 630,000 Reported liabilities 484,000 257,000 Net Income for the year 56,000 60,000 How much goodwill did Northern pay for acquiring Southern? a. $162,750 b. $279,750 c. $373,000 d. $228,150

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Which of these is not a result of regular exercise

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?