Excellence in Business Communication (12th Edition)
Excellence in Business Communication (12th Edition)
12th Edition
ISBN: 9780134319056
Author: John V. Thill, Courtland L. Bovee
Publisher: PEARSON
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Chapter 11, Problem 11.12E
Summary Introduction

To determine:

Analyzing and reporting on divisions sales for the first nine months of the year and calculating mean for each quarter and all averages for the year to date. Based on the data identifying and discussing the quarterly sales trends.

Introduction:

Business research often yields numeric data, but these numbers alone don’t facilitate good business decision making Simple arithmetic helps in extracting meaning from sets of data for e.g. mean, median and mode tells different things about a data.

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Swifty Corporation purchased Windsor Company 3 years ago and at that time recorded goodwill of $380,000. The Windsor Division's net assets, including the goodwill, have a carrying amount of $760,000. The fair value of the division is estimated to be $1,010,000. Prepare Swifty' journal entry, if necessary, to record impairment of the goodwill. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation eTextbook and Media Debit Credit
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