Amie, inc. has 100,000 shares of $2 par value stock outstanding.

prairie corporation acquired 30,000 of amie's shares on january 1, 2012, for $120,000 when amie's net assets had a total fair value of $350,000.

on july 1, 2015, prairie bought an additional 60,000 shares of amie from a single stockholder for $6 per share.

although amie's shares were selling in the $5 range around july 1, 2015, prairie forecast that obtaining control of amie would produce significant revenue synergies to justify the premium price paid.

if amie's net identifiable assets had a fair market value of $500,000 at july 1, 2015, how much goodwill should prairie report in its post-combination consolidated balance sheet?

a) $60,000

b) $90,000

c) $100,000

d) $0

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.