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2 years ago

The sale of an intangible asset for cash is classified in the statement of cash flows as a(n):________

Business

1 answer:

Cloud [144]2 years ago

3 0

The sale of an intangible asset for cash is classified in the statement of cash flows as a(n) Investing activity.

An asset that is not physical in nature is said to be intangible. Intangible assets include goodwill, brand awareness, and intellectual property like patents, trademarks, and copyrights. Contrasting with tangible assets like real estate, automobiles, machinery, and stock are intangible assets.

Furthermore, financial assets that get their value from contractual claims, such as stocks and bonds, are regarded as tangible assets.

An asset that is not physical in nature, such as a patent, brand, trademark, or copyright, is referred to as an intangible asset.

Intangible assets can be produced or purchased by businesses.

An intangible asset may be seen as definite or indefinite, such as a contract or legal arrangement (for example, a brand name).

A company's intangible assets do not appear on the balance sheet and do not have a documented book value.

Learn more about intangible asset here:

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A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools

marishachu [46]

Answer:

Break-even point in dollars= $36,364

Explanation:

Giving the following information:

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.

To calculate the break-even point in dollars for the firm, we need to use the following formula:

Break-even point (dollars)= Total fixed costs / [(weighted average selling price - weighted average variable expense)/ weighted average selling price]

weighted average selling price= (selling price* weighted sales participation)= $50

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (25*0.5 + 20*0.50)= $22.5

Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364

4 0

3 years ago

The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8

Soloha48 [4]

Answer:

The amount of the last annual dividend paid is $4.3.

Explanation:

Given:

The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8 percent annually.

Now, to find the amount of last annual dividend paid.

Let the amount of last annual dividend paid be $l.$

Price of per share ( $p$ ) = $\$42.$

Rate of return ( $r$ ) = $12.2\%.$

Rate of dividend growth ( $g$ ) = $1.8\%.$

Now, to get the amount of last dividend paid we put formula:

$p=\frac{l(1+g)}{r-g}$

$42=\frac{l(1+1.8\%)}{12.2\%-1.8\%}$

$42=\frac{l(1+0.018)}{0.122-0.018}$

$42=\frac{l\times 1.018}{0.104}$

Multiplying both sides by 0.104 we get:

$4.368=1.018l$

Dividing both sides by 1.018 we get:

$4.3=l$

$l=\$4.3.$

Therefore, the amount of the last annual dividend paid is $4.3.

6 0

3 years ago

Policy analysts can estimate the value of a human life through ____.

nikklg [1K]

Policy analysts can estimate the value of a human life through contingent valuation methods. It is a method use to estimate the value of a good that is placed by a person. It involves asking people to report their willingness to pay or accept in order to have or give up a certain good. It is used to evaluate the economic values of all goods.

3 0

3 years ago

EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $800 budgeted pric

Harlamova29_29 [7]

Answer:

EZ-Tax

Partner Staff Total

a. Sales price variance $104,000 ($110,000) ($6,000) U

b. Activity variance $160,000 $420,000 $580,000 F

c. Mix variance $85,000 $180,000 $265,000 F

d. Quantity variance $189,000 $70,000 $259,000 F

Explanation:

a) Data and Calculations:

Partner Staff

Budgeted billable rate per hour $800 $210

Budgeted variable cost per hour 375 120

Budgeted billable hours 5,000 20,000

Budgeted revenue $4,000,000 $4,200,000

Budgeted variable cost 1,875,000 2,400,000

Actual revenue $4,264,000 $4,510,000

Actual billable hours 5,200 22,000

Actual billable rate per hour $820 $205

Budgeted billable rate per hour $800 $210

Variance in price $20 ($5)

Sales price variance $104,000 ($110,000) ($6,000)

Sales price variance = (Standard price - Actual price) * Actual billable hours

= ($800 - $820) * 5,200 + ($210 - $205) * 22,000

= $20 * 5,200 + ($5) * 22,000

= $104,000 - 110,000

= $6,000 U

Activity variance = (Actual billable hours - Standard billable hours) * Standard rate

= (5,200 - 5,000) * $800 + (22,000 - 20,000) * $210

= (200 * $800) + (2,000 * 210)

= $160,000 + 420,000

= $580,000 F

Partner Staff Total

Budgeted revenue $4,000,000 $4,200,000 $8,200,000

Budgeted variable cost 1,875,000 2,400,000 4,275,000

Budgeted contribution $2,125,000 $1,800,000 $3,925,000

Actual revenue $4,264,000 $4,510,000 $8,774,000

Actual variable cost 1,950,000 2,640,000 4,590,000

Actual contribution $2,314,000 $1,870,000 $4,184,000

Quantity variance $189,000 $70,000 $259,000

Quantity variance = Budgeted contribution - Actual contribution

= $3,925,000 - $4,184,000

= $259,000 F

Mix Variance:

Standard contribution margin $425 $90

Volume variance 200 2,000

Mix variance = $85,000 $180,000

3 0

2 years ago

In year 2, Sammi Corp. changes its inventory method from FIFO to the weighted-average method. Under the weighted-average method,

Dima020 [189]

Answer:

Two adjustments must be made to year 1's financial statements:

The income statement must be adjusted since net income increased because cost of goods sold decreased.
The balance sheet must be adjusted since retained earnings will increase because net income increased.

Explanation:

The retrospective approach hides any changes with the accounting methods, and shows the financial statements as if the new accounting method was used all along and there was no error or change.

6 0

3 years ago