Testbank Multiple Choice Question 97 Crane Company purchased the assets of Blossom Company at an auction for $5000000. An independent appraisal of the fair value of the assets is listed below: Land $1750000 Building 2750000 Equipment 2000000 Trucks 3000000 Assuming that specific identification costs are impracticable and that Crane allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks

Answer the following questions with true or false and provide a brief explanation (2- 3 sentences) a) economies of scale in production give rise to multi-product firms. b) ace hardware corporation is an example of economies of scale in production.

In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?