A union has negotiated a contract that states the following: work up to 40 hours per week will
be paid at a base rate of $10 per hour.
All work in excess of 40 hours, but less than 48 hours will
be paid at a rate equal to 1 1
2
times the base rate. Any work in excess of 48 hours will be paid at
double time. This pay scale agrees with
A) ceteris paribus.
B) the law of demand.
C) the law of supply.
D) the law of supply and demand.
E) can't tell with the information provided.
C
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Retailers usually sell to final customers, whereas wholesalers sell to manufacturers
Indicate whether the statement is true or false
Which of the following is a model used to evaluate a location?
a. Pareto analysis b. center-of-gravity method c. clustering technique d. cause-and-effect diagram
A scatterplot depicting a circular cloud of data could be described as…
a. a negative relationship b. a positive relationship c. a perfect relationship d. no relationship
On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows: Moody OsorioCash$180 $40 Receivables 810 180 Inventories 1,080 280 Land 600 360 Buildings (net) 1,260 440 Equipment (net) 480 100 Accounts payable (450) (80)Long-term
liabilities (1,290) (400)Common stock ($1 par) (330) Common stock ($20 par) (240)Additional paid-in capital (1,080) (340)Retained earnings (1,260) (340)??Note: Parentheses indicate a credit balance.??In Moody's appraisal of Osorio, three assets were deemed to be undervalued on the subsidiary's books: Inventory by $10, Land by $40, and Buildings by $60.?What is the amount of goodwill arising from this acquisition? A. $520. B. $120. C. $230. D. None. There is a gain on bargain purchase of $230. E. None. There is a gain on bargain purchase of $265.