1. Determine the amount of the impairment loss, if any. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Answers

Answer 1

The imparment value on the asset given the book value and the fair value of the asset is $-2.8 million.

What is the impairment loss?

An asset is impaired when its book value is greater than the total future cash flows. When an asset is impaired, in order to determine the impairment loss, subtract the fair value of the asset from the book value of the asset.

Impairment loss =  6.9 million - $9. 7 million = $-2.8 million

Here is the information that would be used to solve the question: Book Book value                                                  $9. 7 million

Estimated total future cash flows                    8.1 million

Fair value                                             6.9 million

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Related Questions

Please check my answer. :P
What type of person would enjoy a career in education?

A. someone who enjoys working by himself
B. someone who enjoys working short hours and having summers off
C. someone who loves to work with others and help them learn new things
D. someone who is interested in advancing in his career field and becoming rich

The answer I chose is C. "Someone who loves to work with others and help them learn new things." Please correct me if I'm wrong.

Answers

The correct answer is C you are correct

Explanation: someone who would like to become an educator is someone who loves working with other and help them learn new things

In an ideal situation, the waste of one firm becomes the resource of another, and such synergies can create eco-industrial parks. This principle is often referred to as

Answers

The principle where one firm's waste becomes the resource used by another firm is known as biomimicry.

What is biomimicry?

Biomimicry is when the waste products of one firm becomes the resource that is used by another firm for production processes.

An example of biomimicry is when the scrap metals that is used to produce a machine is used by another firm to make a product.

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You discover that your smartphone’s software has been updated.
A. form utility
B. time utility
C. place utility
D. possession utility

Answers

I think is D, I’m not sure

After 10 years of working in her organization, Cassandra is moving into her fourth role, this time as a manager in the accounting department. What issue is likely to show up during an account review if her organization does not have strong account maintenance practices

Answers

Privilege creep are a problem of design or implementation, and changing roles is often not what makes them happen.  

What is Privilege Creep?

Privilege creep is a common problem when employees change roles over time and their rights and permits can be changed to reflect their new roles.

 

Privilege creep is not a common industry name, and termination of an account may mean that someone has removed his or her account instead of switching him or her to new groups or new roles.

Thus, the issue that Cassandra will face is Privilege creep.

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4. How can businesses try to ensure that their senior managers (both buyers and new business development managers) do not dismiss exciting technology and with it potentially profitable business

Answers

Senior executives in charge of new business development have the capacity to spot emerging technology and are continually thinking about new business prospects.

What is business?

An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business.

Senior executives in charge of new business development have the capacity to spot emerging technology and the existing products, brainstorming, individuals, consumers, unexploited patents, vendors, and technology are all sources of opportunity identification.

Managers can utilize competitive information to help them plan for the long and short term. Senior executives also gather knowledge about new technology via the media and the patent office.

Therefore, they can make informed decisions on innovative technology by using the New product development process to analyze data.

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A company has current liabilities of $176,000, total liabilities of $1,065,000, current assets of $220,000, and total assets of $1,500,000. The current ratio is ______.

Answers

Answer:

1.25 to 1

Explanation:

$220,000/$176,000 = 1.25 to 1

When Coca-Cola creates a website within its website called MyCoke where consumers can create a profile, and exchange thoughts, ideas, and more among themselves, it has developed what is called a __________.

Answers

The answer will be virtual community.

Which four of the following are examples of peripheral devices?

Select 4 correct answer(s)
A. Integrated speakers
B. Keyboard (cordless or bluetooth)
C. Headset
D. Printer
E. Integrated camera
F. Joystick

Answers

Answer:

Keyboard

Headset

Printer

Joystick

Yw :))

Teri's Photography has total assets of $50,800, fixed assets of $47,400, long-term debt of $36,300, and total debt of $42,900. What is the current ratio

Answers

The current ratio given the current assets and the current liabilitites for Teri's Photography is 0.52.

What is the current ratio?

Current ratio is a liquidity ratio. Liquidity ratios measure a firm's ability to meet its short terms obligations.

Current ratio = current asset /current liability

Current ratio = (total assets  - fixed assets) / (total liabilities - long term debt)

= (50,800 - 47400) / (42900 - 36300) =

3400 / 6600 = 0.52

In order to determine the current ratio, divide the current assets by the current liabilities.

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Wright Company uses the report form of the balance sheet. Which is the correct order for the assets section?

Answers

The correct order for the assets section are: Current assets, long -term investments. property, plant and equipment.

What is Balance sheet?

Balance sheet is a sheet that help to summarize and show a company or an organization financial statement.

The asset section of a balance sheet contains the following:

Current assetsLong -term investmentsPropertyPlant and equipment

Therefore the correct order for the assets section are: Current assets, long -term investments. property, plant and equipment.

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From the three-year period of 2012 to 2015, new renewables jumped from 1.9% to 2.4% of U.S. energy consumption. If this rate of change were to continue, in approximately what year would the use of renewables exceed 10% of total energy consumed?

Answers

If the rate of energy consumption change were to continue, then in 2061 the use of renewable energies would exceed 10% of the total energy consumed.

How do you calculate energy consumption change?

In this case, it is possible to calculate the energy consumption change as 1.9% to 2.4% (0.5%) in three years >> 0.1666 per year.

And therefore 2060 - 2015 = 45 years >> 0.16666 x 45 = 7.5% energy consumption change and therefore 7.5 %  = 2.5% = 10% (2060).

If this rate of energy consumption change were to continue, then in 2061 the use of renewable energies would exceed 10% of the total energy consumed.

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Why is Netflix's stocks going down?

Answers

Answer:

Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.

Explanation:

Hope this helpes.

Upper Echelon Inc., an American high-tech company, wants to set up operations in a foreign country. The company needs to select an entry mode that offers protection of its proprietary technology. Which entry mode is most suitable for Upper Echelon

Answers

Upper Echelon inc. wants to set up operations in a foreign country that offers protection of its proprietary technology and the most suitable entry mode is a wholly-owned subsidiary.

What do you mean by technology?

Technology refers to the greater application of scientific knowledge for practical purposes.

A wholly-owned subsidiary can be established in a foreign market by acquiring an established firm in the host nation.

Wholly owned subsidiaries best serve high tech protection in a foreign market because it reduces the risk of losing that competence.

Therefore, the wholly-owned subsidiary is the best entry mode for Upper Echelon.

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You should always arrive to an interview _____.
a.
late, to create an impression
b.
on time
c.
with friends for support
d.
none of the above

Answers

The answer :
B on time

Product market comparisons that focus on labor costs are likely to deserve greater weight when:.

Answers

Product market comparisons that focus on labor costs are likely to deserve greater weight when product demand is inelastic.

What is the product market?

The product market is defined as the marketplace where final items or services are sold to firms and the government.

It does not concern trading in raw or another intermediate substances because it concentrates on the selling of finished goods. Business enterprise market and labor market are two speeches that are related to but not interchangeable.

When product demand is inelastic, product market comparisons that focus on labor costs are more likely to be valuable.

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What is the main reason why you need a financial reserve?

Answers

Answer:

Often, people who are in the habit of saving money can be seen as being overly concerned, but the purpose of having a reserve is precisely to avoid greater worries in the face of unforeseen events.

Each week Pablo buys exactly 14 bottles of Bai Infusion drink regardless of its price. Pablo's own price elasticity of demand for the drink is Group of answer choices 0 -1 less than -1 more than -1

Answers

Based on the purchase, Pablo's own price elasticity of demand for the drink is: A. zero (0).

What is a price elasticity of demand?

A price elasticity of demand can be defined as a terminology that is used to measure the responsiveness of the quantity of a product demanded by a consumer with respect to a specific change in price of the product, all things being equal (ceteris paribus).

In this scenario, Pablo's own price elasticity of demand for the drink purchased is zero (0) because the quantity of drinks he buys is constant or remained the same i.e there is no change in the quantity demanded.

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Nakeya and other foreign citizens allege environmental destruction committed overseas by Global Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can Group of answer choices

Answers

In order for Nakeya and the citizens to seek a redress in the court, they can:  c. bring civil suits under the Alien Tort Claims Act.

What is the alien torts claim?

This is a jurisdiction that allows people that are non Americans to bring cases to court for a redress.

The act is one of the laws that has to do with the violation of international human laws.

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Trumbrella Corp. is a pharmaceutical company. One of its employees reports that he has suffered an on-the-job injury caused by the slippery factory floor that resulted in severe damage to his backbone. When Trumbrella initiates its claims processing, it should first:

Answers

In pharmaceutical organization, one of its employees, claims that he was injured on the job due to the slick factory floor, and his backbone damage. When Trumbrella begins processing claims, it must first determine whether the accident occurred.

What is pharmaceutical organization?

The pharmaceutical industry develops, manufactures, and distributes pharmaceuticals drugs for use as medications to be provided to patients in order to vaccinate, cure, or relieve symptoms.

Pharmaceutical companies may sell generic and brand-name drugs, as well as medical gadgets.

Pharmaceutical company Trumbrella Corporation. One of its employees alleges he was wounded on the job and suffered backbone injury as a result of the slick factory floor.

Therefore, trumbrella must first determine whether an accident occurred before it can begin processing claims.

Therefore, option A is correct.

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According to Marx and Engels, the economic mode of production forms the _____. Other institutions form the _______.

Answers

Answer:

infrastructure; superstructure

Explanation:

quizlet

Which of the following government agencies regulates financial markets? a. osha b. the irs c. the faa d. the ots

Answers

OTS is an agreement in which a defaulting borrower agrees to pay a portion of their debt, it regulates Financial markets.

What exactly is this OTS?

OTS is an agreement in which a defaulting borrower agrees to pay a portion of their debt in order to prevent banks from pursuing legal action against them.

Financial markets are regulated by OTS government agencies.

Therefore, option d. explains the OTS.

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Answer:

D

Explanation:

Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-powered vehicle, and how does it arise

Answers

The type of externality that is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-powered vehicle is postive externality.

What is postive externality?

A good has positive externality if the benefits to third parties not involved in production is greater than the cost.

When a person purchases a solar-powered vehicle instead of a gas-powered vehicle, the level of pollution would reduce. This would reduce the health hazards and dangers of pollution.

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What is the purpose of a lien when you get a secured loan?.

Answers

Answer:

If you have trouble paying the loan, the lender can put a lien on the collateral (a lien is the legal term for the lender's claim to the borrower's collateral.) The lender can keep the lien active until the loan is fully paid. At that point, the lien is lifted, and the collateral ownership reverts back to the borrower.

Explanation:

The largest network in the world is which of the following types?
WAN
ΜΑΝ
LAN

Answers

Wan is the worlds largest network

2. What assumption is this calculator making?

Answers

Answer: DO UR OWN HOMEWORK

Explanation

What steps will add slicers to a pivottable? use the drop-down menu to complete the steps. select the pivottable. click the pivottable tools tab. in the group, click . in the insert slicer dialog box, select the fields to create slicers for. click ok.

Answers

A step that will add slicers to a PivotTable is to select the PivotTable and click the PivotTable Tools options tab.

The use of a PivotTable.

In Microsoft Excel, users can make use of various database tools to input and display a complete row of information within a specific range or table without scroll having to horizontally. Some examples of these database tools are:

Excel TablesPivotTables

The steps which can be used by end users to add slicers to a PivotTable include the following:

Select the PivotTable.Click the PivotTable Tools options tab.In the filter group, click insert slicer in the dialog box, select the fields to create slicers for.Click OK.

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Answer: The Correct Answer is B Click the Filter button in the Sort & Filter group.

Explanation: EDG2023

The section of the annual report that is of interest to investors and gives information on how a company is planning to spend its cash during the next year for​ property, plant, and equipment is the​ ____________________ section. A. ​Management's Discussion and Analysis of Financial Condition and Results of Operations B. Business Overview C. Financial Statements D. Notes to Financial Statements

Answers

The section of the annual report that is of interest to investors and gives information on how a company is planning to spend its cash is the Management's Discussion and Analysis of Financial Condition and Results of Operations.

What do you mean by an investor?

An investor refers to any person or entity that invests capital with the expectation of receiving financial returns in the future.

Management Discussion and Analysis refers to a section of a company's annual report where the company's performance has been analyzed with qualitative and quantitative measures.

Management discussion and analysis is an important source of information for analysts and investors who want to check the company's financial performance.

Therefore, A is the correct option.

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Which of the following is happening when a lending institution gains money from an individual's paycheck to cover outstanding debts?
A. Principal
B. Garnishment
C. APR
D. Harassment

Answers

When a lending institution receives an amount from the individual on his/her monthly paycheck for covering his/her due debts is called Garnishment.

Option B is the correct answer.

What is a paycheck?

A paycheck is a check provided to the employee for the work done by him/her. It defines the amount of remuneration and other incentives earned by the employee on a monthly basis.

A legal technique that allows a third party to reduce a certain amount from the salary or wages of an individual against the payment of any dues, then this technique is called Garnishment. The third party can be the bank of the debtor and the receiver is the lending institution to whom an individual has to pay back the due amount.

Therefore, Garnishment is the process where the lender receives a certain amount from the salary of the debtor against his/her dues.

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If finance charges are not assessed on new credit card transactions during the period between the posting date and the due date, this period is called the ____ period.

Answers

The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.

What is grace period?

A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.

A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.

Thus, grace period is the period between the posting date and due date.

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A company needs to package 7,560 beads. A wooden container shaped like a rectangular prism can hold 180 beads. A plastic cylindrical container can hold 126 beads. The wooden container costs the company $0. 70, while the plastic container costs $0. 40. Which container should the company use to minimize cost? explain. The wooden containers should be used because it will cost $5. 40 more to use the plastic containers. The plastic containers should be used because it will cost $5. 40 more to use the wooden containers. The wooden containers should be used because it will cost $16. 20 more to use the plastic containers. The plastic containers should be used because it will cost $16. 20 more to use the wooden containers.

Answers

According to the information, it can be inferred that the best option for the company is to use plastic containers because it is $5.40 cheaper than wooden containers.

How to calculate the total value of each container?

To calculate the total value of each type of container we must do the following mathematical operations.

Calculate how many containers we need of each type. For this we divide the total number of beads in the capacity of each container:

7560 ÷ 180 = 427560 ÷ 126 = 60

Then we multiply the number of containers of each type by the value of each:

42 × $0.70 = $29.460 × $0.40 = $24

Finally we take the difference between both values ​​to know which is cheaper and what is the difference with the other type of container.

$29.4 - $24 = $5.4

According to the above, the best option for this company is to transport the beads in the plastic container because it has a greater capacity and is $5.4 cheaper than the wooden container.

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