If losses on a particular line of medical malpractice insurance were $650 million and premiums earned were $575 million, the loss ratio would be
Answers
The loss ratio in this case would be 113%, which indicates that the losses on this line of medical malpractice insurance were greater than the premiums earned.
The loss ratio in this case would be calculated by dividing losses by premiums earned, and then multiplying by 100 to get a percentage. So:
Loss Ratio = (Losses / Premiums Earned) x 100
Loss Ratio = ($650 million / $575 million) x 100
Loss Ratio = 113%
Therefore, the loss ratio in this case would be 113%, which indicates that the losses on this line of medical malpractice insurance were greater than the premiums earned. This suggests that the insurance company may have to increase its premiums or adjust its underwriting practices in order to maintain profitability. It is worth noting that loss ratios can vary widely depending on the type of insurance and the specific market conditions, so it is important to analyze them in context and over time.
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Related Questions
boi, why am i alive.-
Answers
Answer: so you can grow older
Explanation:
Your social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly
target 250,000 users with an estimated click rate of 1%. Which will get more clicks?
Answers
Answer:
Narrow targeting
Explanation:
1% of 250,000 is 2,500
10% of 50,000 is 5,000
A social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly target 250,000 users with an estimated click rate of 1%. The narrowly target is the best way.
What is social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
The social media promotion is the part of the marketing. The narrowly target is the specific niche of consumers is the target market on the right time to the right audience. The broadly target to the cover the large level of the audience. The narrowly target is the best option in the social media promotion.
The calculation are:
1% of 250,000 is 2,50010% of 50,000 is 5,000As a result, the significance of the social media are the aforementioned.
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bennie razor company has decided to sell one of its old manufacturing machines on june 30, 2017. the machine was purchased for $80,000 on january 1, 2013, and was depreciated on a straight-line basis over a 10-year life assuming no salvage value. if the machine was sold for $26,000, how much is the gain or loss to be recorded at the time of the sale?
Answers
Bennie Razor Company should recognize a loss of $10,000 at the time of the sale.
Data and Calculations:
Cost of machine = $80,000
Estimated useful life = 10 years
Date of purchase = June 30, 2007
Date of sale = Jan. 1, 2013
Period of use = 5.5 years (from June 30, 2007 to Jan. 1, 2013)
Annual depreciation on straight-line basis = $8,000 ($80,000/10)
Accumulated depreciation for 5.5 years = $44,00 ($8,000 x 5.5)
Net book value at sale date = $36,000 ($80,000 - $44,000)
Sales proceeds = $26,000
Loss recognized on sale = $10,000 ($36,000 - $26,000)
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Identify the parts of the database table.
(primary key
field
record
table)
Answers
A database is a collection of information that is organized in a structured way to allow for efficient storage and retrieval of data. One of the most important components of a database is the table, which is a collection of related data organized into rows and columns.
The primary key is a unique identifier for each record in the table. It is a field or a combination of fields that uniquely identifies each record in the table. This is important for data integrity and ensures that there are no duplicate records. The primary key field can be a text field, number field, or any other data type.
A field is a specific piece of information in a table, such as a name, address, or date. Each field is given a specific name, and the data in the field must be of a specific data type.
A record is a complete set of information in a table. It is made up of all the fields in the table, and each record represents a single entity, such as a person, a product, or an order.
The table is the collection of records and fields. It is where all the data is stored and organized. Each table has a specific name and is made up of a specific set of fields.
In summary, a database table consists of fields, records, a primary key, and the table itself. Each of these components is essential for organizing and managing data efficiently. By understanding these components, you can create and maintain effective databases that meet your needs.
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Which of the following is an example of a foreign direct investment (FDI)?
1. A company in the United States sells payroll software to companies in Western Europe.
2. Continental Wire Company buys real estate in New Zealand to build a new factory.
3. An appliance manufacturer hires a new regional sales manager to serve countries in Latin America.
4. A US medical supply company and a hospital in Greece join forces to create a new business.
Answers
An example of a foreign direct investment is when Continental Wire Company buys real estate in New Zealand to build a new factory. Option 2.
What is foreign direct investment about?Companies or governments considering foreign direct investment (FDI) generally look for target firms or projects in open economies with a skilled workforce and above-average growth prospects. Fairer government regulation is also valued. FDI is frequently more than just capital investment.
Management, technology, and equipment may also be provided as part of the investment. Foreign direct investment has the important feature of establishing effective control of the foreign business or at least significant influence over its decision making.
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what is one common type of investment that often goes over-looked?
Answers
One common type of investment that often goes overlooked is investing in yourself.
This can involve spending money on education, training, or developing skills that can improve your earning potential, job prospects, or overall quality of life.
Many people tend to focus on traditional forms of investments, such as stocks, bonds, and real estate, while neglecting to invest in their own personal and professional development. However, investing in yourself can be just as important, if not more so, than investing in financial assets.
By improving your skills and knowledge, you can enhance your career prospects, increase your earning potential, and even start your own business. Additionally, investing in your physical and mental health can improve your overall well-being and quality of life. So, it's important not to overlook the value of investing in yourself.
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A man has his property listed with a broker. On June 23, a fire causes considerable damage to the property. On June 25, the owner revokes the listing. On June 29, the broker is deemed incompetent. Two days later, on July 1, the listing expires. On what date was the listing terminated
Answers
On June 29, the broker is deemed incompetent. Two days later, on July 1, the listing expires. On June 23 listing will be terminated.
How does this occur?
A listing agreement may be amended, but only with the written consent of all parties. A different broker is chosen by the seller to handle the listing.When the listing broker is still eligible to get a commission after the listing has expired.The Fifth Amendment of the United States Constitution states that "nor shall private property be seized for public use, without just compensation." We both believe that it is useful to remember the justifications behind the provision in order to comprehend it.To know more about listing here
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lowa Soy Products (ISP) buys soybeans and processes them into other soy products. Each ton of soybeans that ISP purchases for $250 can be converted for an additional $200 into 650 lbs of soy meal and 160 gallons of soy oil. A pound of soy meal can be sold at splitoff for $1.24 and soy oil can be sold in bulk for $4.75 per gallon. ISP can process the 650 pounds of soy meal into 800 pounds of soy cookies at an additional cost of $340. Each pound of soy cookies can be sold for $2.24 per pound. The 160 gallons of soy oil can be packaged at a cost of $210 and made into 640 quarts of Soyola. Each quart of Soyola can be sold for $1.15. 1. Allocate the joint cost to the cookies and the Soyola using the following: a. Sales value at splitoff method b. NRV method 2. Should ISP have processed each of the products further? What effect does the allocation method have on this decision?
Answers
Joint cost refers to the cost of a single production process that results in two or more products that can be marketed separately. Joint costs for the soy meal, soy oil, soy cookies, and Soyola are calculated separately, and the cost allocation percentage is calculated using the sales value at the splitoff point.
Joint costs are a significant expense that must be allocated among all of the items generated. Joint costs are allocated using either the sales value at splitoff point method or the net realizable value method. a) Sales value at splitoff method:The splitoff point is when the separate products of a joint production process are first identified and can be marketed individually. Joint costs are allocated to the goods at the splitoff point under the sales value at splitoff point method. Joint costs are divided between the products in proportion to their individual sales value at the splitoff point. Calculation of joint cost allocation for Soy Oil:Calculation of joint cost allocation for Soy Cookies:Calculation of joint cost allocation for Soyola:b) NRV method:Net Realizable Value (NRV) refers to the expected revenue from the sale of joint products minus the expected cost of completing and selling the products. Joint costs are allocated to each item based on their proportion of the total NRV of all joint products under the net realizable value method. It considers the selling cost, further processing cost, and final sales price of the goods.Joint cost allocation for Soy Meal:Joint cost allocation for Soy Oil:Joint cost allocation for Soy Cookies:Joint cost allocation for Soyola:2. Should ISP have processed each of the products further? What effect does the allocation method have on this decision?The decision to further process the joint products is based on whether or not additional processing and selling will provide a profit. For this purpose, we will calculate incremental profit for further processing products.Calculation of incremental profit for Soy Meal:Calculation of incremental profit for Soy Cookies:Calculation of incremental profit for Soyola:As shown in the calculations, only Soyola has a positive incremental profit of $342.20. Soy meal and Soy cookies have a negative incremental profit, and the joint cost allocation method has no effect on this conclusion because both the NRV and sales value at splitoff methods have negative incremental profits. Therefore, Soyola is the only product that ISP should process further.
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"Paid as agreed" on your credit report is:
A. Good. You made an agreement to not pay the full balance.
B. Good. It means your loan is paid off.
C. Bad. It shows you just did the bare minimum.
D. Bad. It happens when you get sued.
Answers
Answer:
B. Good. It means your loan is paid off.
Explanation:
When the account says "Pay as agreed," it means all the payments have been made in full and within the time agreed with the creditors. On the credit report, the ''pay as agreed'' is a status that shows all payments were made as per the terms of the creditor.
The "pay as agreed'' status shows the customer as a low-risk borrower. A lender will be willing to advance credit to such customers.
a nonlinear cost related to order size is the cost of question 74 options: interest. insurance. taxes. ordering. space.
Answers
A nonlinear cost related to the order size is the cost of the ordering.
What is nonlinear cost?Nonlinear cost refers to a cost structure that does not change proportionally with changes in output or volume. In other words, the cost per unit of production does not remain constant but rather increases or decreases at different rates as the volume of production increases. Nonlinear costs are often seen in industries where production processes are complex or where inputs are required in different quantities to produce different outputs. This type of cost structure can make it difficult to determine the optimal production level, as the cost per unit changes with changes in production levels. Nonlinear costs can also impact profit margins and make it difficult to accurately predict production costs, making it important for companies to accurately identify and understand their nonlinear costs in order to make informed decisions about the production and pricing.
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When determining the human resources needs for a well-known engineering firm, the HR director realized that the company lacked engineers under the age of 30. The company could not afford to get caught short in this competitive business climate. An important recruitment strategy for the HR director's department was to start attending college fairs as well as considering hiring interns. We define his recruitment efforts as developing relationships with ________ sources. Multiple Choice external internal median civilian
Answers
Answer:
External
Explanation:
Human resources management
This is simply set up and control of formal systems for employee management within an organization.
Recruiting
This is refered to as the ways or process of getting a list of qualified candidates. The aim is to make the organization attractive to qualified applicants.
External Factors Affecting Recruitment
1. Supply and demand- labor market, unemployment rate
2. Social and legal environment
3.Competitors practices
Types of external source of labor
1. Direct recruitment where Informations are displayed on notice board. They are usually low cost.
2. Casual callers: this is simply known as a list of job seekers that is prepared and as the need arises they are called for an interview.
3. Advertisement through Newspaper, advertising etc.
which part of our body is affected by plogue pose?
Answers
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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what is used as a set of standard in measurement?
Answers
Explanation:
A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity. ... Now there is a global standard, the International System of Units (SI), the modern form of the metric system.
Zion Manufacturing had always made its components in-house. However, Bryce Component Works had recently offered to supply one component, K2, at a price of $12 each. Zion uses 4,900 units of Component K2 each year. The cost per unit of this component is as follows:
Direct materials $7.54
Direct labor 2.64
Variable overhead 1.11
Fixed overhead 3.00
Total $14.29
The fixed overhead is an allocated expense; none of it would be eliminated if production of Component K2 stopped.
Required:
a. What are the alternatives facing Zion Manufacturing with respect to production of Component K2?
b. List the relevant costs for each alternative.
b.
Answers
a) The alternatives that Zion Manufacturing has regarding the production of Component K2 are that it can continue making it in-house or it can purchase it from Bryce Component Works at $12 each. By continuing to manufacture Component K2 in-house, Zion Manufacturing can maintain control of the quality and production schedule. By purchasing from Bryce Component Works, they can save $2.29 ($14.29 - $12) per unit.
b) The relevant costs for each alternative are as follows:
In-house production:
Direct materials = $7.54
Direct labor = $2.64
Variable overhead = $1.11
Fixed overhead = $3.00
Total = $14.29
Purchase from Bryce Component Works:
Purchase cost per unit = $12
Therefore, the relevant costs for each alternative are as follows:
In-house production:
Total cost per unit = $14.29
Purchase from Bryce Component Works:
Total cost per unit = $12
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Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,500 and $5,800, respectively. During the year, the company wrote off $4,640 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule:
Number of Days Past Due - Receivables Amount - % Likely to be Uncollectible
Current - $ 104,000 - 1%
0-30 - 45,000 - 5%
31-60 - 9,920 - 10%
61-90 - 4,440 - 25%
Over 90 - 3,800 - 50%
Total - $ - 167,160
What will Domino record as Uncollectible Accounts Expense for 2016?
a. $6,132
b. $1,512
c. $7,292
d. $4,640
Answers
The uncollectible accounts expense for 2016 is $$6,132. Option a is Correct.
Theories can be divided into two categories:
In order for a theory to be considered scientific, it must meet certain criteria, such as: It must be testable and falsifiable. It must be supported by a large amount of empirical evidence. It must be able to make accurate predictions about future observations
It must be able to be refined or modified in light of new evidence.
Here Beginning balance in Allowance for Doubtful Accounts = $5,800
Amount written off during the year = $4,640
Additional allowance needed for uncollectible accounts = 4,640−5,800 = $260
Percentage of accounts likely to be uncollectible = 50%
Amount of allowance for doubtful accounts = 260x50130
Ending balance in Allowance for Doubtful Accounts = 5,800+130 = $$6,132
Therefore, the uncollectible accounts expense for 2016 is $$6,132.
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Maddox Auto Parts, Inc., contracted with Billy's Mufflers Co. to purchase 35 mufflers from their warehouse supplies. All the mufflers Maddox Auto Parts ordered were already made and packaged and merely required transportation to Maddox Auto Parts. Billy's Mufflers wrote out an order form designating which 35 mufflers were to go to Maddox Auto Parts. If a question as to when Maddox Auto Parts acquired an insurable interest in the mufflers were to arise, a court would likely hold that
Maddox Auto Parts gained an insurable interest in the mufflers:
A. at the time of contracting.
B. at the time the mufflers were
C. given to the carrier.
D. at the time of delivery.
E. 24 hours before delivery.
Answers
Answer: A. at the time of contracting.
Explanation:
Insurable interest is the reasonable concern to obtain insurance against unforeseen events such like losses or death. Insurable interest is when the loss of an object or damage would result in a financial loss.
Based on the information given, Maddox Auto Parts gained an insurable interest in the mufflers at the time of contracting. An individual will gain an insurable interest immediately s contract takes place.
Therefore, the correct option is A.
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? Use
Answers
The cost of interest is only calculated once a year with annual compounding. This is a unique situation because the claimed yearly percentage rate and the actual annual rate are the same.
What is future value?A financial concept known as future value (FV) assigns a value to an asset based on anticipated factors like future interest rates or cashflows.
We can use the following formula to compute the future value of an annuity with periodic payment M for T periods, given periodic return r :
= M((1+r)^{T} −1) / r
Applying the formula, the future value after 10 years is:
= 500(1+3 % )^{10} - 1 / 3%
= 5,731.94
Therefore, The future value is 5,731.94.
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Rick has a great idea about a new product to sell. He needs
money to get started building his brand. What type of loan does
he need?
A. Mortgage
B. Business
C. Home equity
D. Auto
Answers
You work for REV and check your work email on your mobile phone. You have decided to resign
your job and take a position with a different company. Regarding RDM on your mobile phone,
what should you do?
A. Turn your phone to IT Services
B. Take your phone to IT Services, and they will wipe it clean
C. Download RDM to your personal computer
D. Call IT Services for support, and they will assist
E. Nothing. IT Services will automatically remove all data
Answers
If you checked your work email on your mobile and you are leaving REV to work elsewhere, you should B. Take your phone to IT Services, and they will wipe it clean.
What should you do when leaving a company?You are to return all devices that the company gave you unless specified otherwise.
All personal devices that you used for work, should be given to the IT department so that they can wipe it clean of company information. This includes personal mobile phones.
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the articles of incorporation govern how a partnership operates, such as procedures to follow should a partner wish to leave. group of answer choices true false
Answers
The articles of incorporation govern how a partnership operates, such as procedures to follow should a partner wish to leave. This statement is false.
The articles of association are a document that outlines the rules for a business's activities and describes the purpose of the firm. The document outlines how tasks inside the organization are to be completed, such as the process for appointing directors and maintaining financial data.
Articles of incorporation frequently specify how a company will issue shares, pay dividends, examine financial records, and grant voting rights. This set of guidelines can be thought of as the company's user manual because it specifies the process for completing the day-to-day tasks that must be accomplished.
While the substance and the wording used vary by jurisdiction, the document is very similar around the world and normally comprises provisions on the company name, the company's purpose, the share capital, the company's organization, and provisions on shareholder meetings.
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unfortunately, lyssa doesn't have enough money in her account right now. she needs to make additional contributions at the end of each of the next four years to be able to pay for the repairs. her account currently has $5,000, which, along with her additional contributions, is expected to continue earning 9% annual interest. if she makes equal contributions each year, how large must each contribution be for lyssa to have $9,000 after four years?
Answers
Lyssa needs to make equal contributions each year, and each contribution should be $1,000 in order for her to have $9,000 after four years.
Lyssa currently has $5,000 in her account. Over the next four years, her account is expected to earn 9% annual interest. To reach a total of $9,000, she needs an additional $4,000. Since she wants to make equal contributions each year, dividing $4,000 by 4 gives us $1,000, which is the amount of each contribution she needs to make.
To calculate the amount Lyssa needs to contribute each year, we can break down the problem into two components: her current account balance and the additional contributions. lyssa's current account balance is $5,000. Over the next four years, her account is expected to earn 9% annual interest. This means her current balance will grow each year by 9% of its value.
The additional contributions she needs to make are the difference between her desired final balance ($9,000) and her current account balance ($5,000). In this case, the additional contributions amount to $4,000.
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how can we build up strong analytical skill discuss
Answers
Answer:
hope help you
Explanation:
Here are several ways you can improve your analytical skills:
Read more. An important part of being analytical involves being alert and remaining stimulated. ...
Build your mathematical skills. ...
Play brain games. ...
Learn something new. ...
Be more observant. ...
Join a debate club. ...
Take an exercise class. ...
Keep a journal.
Question 1 (2 points)
You can own a business that will allow you to compete with others to make a profit.
True or
False
Answers
Answer:
True
Explanation:
The principal purpose of building a business is to make profits. A business must provide solutions to particular needs and wants in the community to attract customers. Different entrepreneurs will offer alternative or similar solutions to a specific situation.
Anyone starting a business will target a particular set of customers. He or she must be ready to complete for those customers with other like-minded entrepreneurs. Competition is good in business as it makes entrepreneurs innovate on the best ways to serve their customers. It also gives customers alternatives.
Hey yall can yall cheer me up for a seek i miss my mommy in she said we was leaving my granny house today in look im still here
Answers
Answer:
Stay Strong!
Explanation:
You got ittt! Cry A Bit , then come back harder! LOVE KEN!!!
Solve the simultaneous equation
y+x=4
2y-x=5
Answers
Answer:
Value of X = 1Value of y = 3Solution,
Using substitution method,
y + x = 4
Move 'x' to the left hand side and change its sign:
y = 4 - x --------> equation (i)
Now,
2y - X = 5
putting the value of y from equation (i)
2( 4 - x ) - X = 5
8 - 2x - x = 5
8 - 3x = 5
- 3x = 5 - 8
- 3x = - 3
The difference sign (-) will be cancelled in both sides
3x = 3
3x/3 = 3/3
X = 1
Value of X is 1
Now, replacing the value of X in equation (i)
y = 4 - x
= 4 - 1
= 3
Value of y is 3
Hope this helps...
Good luck on your assignment...
What account title is used to journalize the Federal Income Tax column of the payroll register?
Answers
Employee income tax payable is used to journalize the federal income tax column of the payroll register.
Exactly what is regarded as a federal income tax?The federal income tax is levied against the yearly profits of people, companies, and other legal entities. All forms of compensation, including salaries, gifts of money from employers, business earnings, tips, and Federal income taxes are due on gaming profits, bonuses, and unemployment payments.
How do I know if I am subject to federal income tax?You don't owe any income tax if the total tax on your Form 1040 is less than your refundable credits. Your income must be so minimal that you won't owe income tax in order to qualify for no tax responsibility.
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What accounts are affected. issued check $644 to pay for an advertisement
Answers
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular customers. It rewards these customers by giving them gift coupons and cash prizes. This practice is an example of _______. a. total quality management b. customer relationship management c. profit maximization d. organizational optimization
Answers
Customer is termed as the individual that consumes or uses the goods and services that are availed to them for their satisfaction or need fulfillment. The customers are known as the king of the market that decides the production of the goods and the services.
The correct answer for the blank is b. customer relationship management.
Customer Relationship Management is termed as the process or the activities that manage the company's relationship and communications of the customers with the firm and manage to explore the potential customers or the new customers.
The main aim of CRM is to build and construct good relationships between the customer and the firm. It connects the corporate sector with the customers in order to let them know about their services.
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SUN acquired 100% of the voting shares of MOON. In exchange, SUN issued 60,000 common shares, with a market value of $22 per share, to the common shareholders of MOON. Both companies have a June 30 year-end, and this transaction occurred on June 30, 2020.
The following are the statements of financial position of the two companies at June 30, 2020 before the transaction took place.
Statements of Financial Position June 30, 2020
SUN
Moon
Carrying Value
Fair Values
Carrying Value
Fair Values
Current assets
$ 450,000
$ 400,000
$ 200,000
$ 225,000
Capital assets (net)
14,000,000
12,000,000
1,000,000
950,000
Goodwill
200,000
-
Total
14,650,000
1,200,000
Current liabilities
$ 200,000
$ 100,000
$ 145,000
$ 150,000
Long-term liabilities
600,000
625,000
200,000
180,000
Preferred shares
-
200,000
200,000
Common shares
250,000
250,000
Retained earnings
13,600,000
405,000
14,650,000
1,200,000
Instructions: Enter all numbers without dollar signs. Round numbers to the nearest whole dollar do not enter any decimals in your number. Use commas properly. If the amount is zero, enter 0, do not leave any answers blank. For example, a properly formatted number is 125,250. Numbers incorrectly formatted with not result in any marks.
Required
Using the consolidated statement of financial position for the date of acquisition determine the following
Current assets
Capital assets (net)
Goodwill
Current liabilities
Long-term liabilities
Preferred shares
Common shares
Retained earnings
Answers
The current assets of SUN and MOON as of June 30, 2020 were $650,000 ($450,000 + $200,000) and $225,000, respectively. As per the consolidated statement of financial position, the total current assets are $875,000 ($650,000 + $225,000).
The capital assets (net) of SUN and MOON as of June 30, 2020 were $15,000,000 ($14,000,000 + $1,000,000) and $950,000, respectively. The total capital assets (net) as per the consolidated statement of financial position would be $15,950,000 ($15,000,000 + $950,000).
SUN had a goodwill of $200,000, but MOON had none. Therefore, the consolidated statement of financial position would include a goodwill of $200,000.Current liabilities of SUN and MOON were $200,000 and $145,000, respectively.
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