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Investors look at this to judge if the company paid a fair price. Purchased goodwill helps show the real price of a business. That extra money becomes purchased goodwill. If someone wants to buy it, they may pay more because of its brand and happy customers. Intangible assets are amortized, which means a fixed amount …
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For 2024, the shift to cost accounting will be responsible for most of an anticipated gross margin rate decline and will have inventory flat, rather than down by low single-digits, according to CFO Mitchell. This fiscal year at Macy’s, due to the conversion to cost accounting, neither gross margin nor inventory have been directly comparable …
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