Jaynes Inc

question 91

Essay

Jaynes Inc. acquired all of Aaron Co.'s common stock on January 1, 2010, by issuing 11,000 shares of $1 par value common stock. Jaynes' shares had a $17 per share fair value. On that date, Aaron reported a net book value of $120,000. However, its equipment (with a five-year remaining life) was undervalued by $6,000 in the company's accounting records. Any excess of consideration transferred over fair value of assets and liabilities is assigned to an unrecorded patent to be amortized over ten years.

What was consolidated net income for the year ended December 31, 2011?

Understand productivity measurement methods and the productivity ratio.

Recognize scheduling methods and their application in production planning.

Understand the distinctions between service-related and manufacturing businesses in terms of productivity and capital intensity.

Grasp the concepts and practical applications of scheduling methods in different production environments.

---

Definitions:

Trademark Infringement

The illicit application of a trademark or service mark to products and/or services without permission, in a way that may lead to confusion, deceit, or error regarding the origin of those goods and/or services.

Efficient Shoppers

Refers to consumers who maximize their shopping experience by making well-informed and cost-effective choices.

Branding

The process of creating a unique image, name, and identity for a product or service in the consumer's mind through marketing strategies.

Lanham Act

United States federal legislation that governs trademarks, service marks, and unfair competition.