Answer:
Dr Patent 348,800
Dr Goodwill 346,000
Dr Franchise 426,000
Dr Copyright 151,200
Dr Research and development 216,000
Cr Intangible assets 1,488,000
Explanation:
We are only given the sates when the intangibles are recorded, since we are not given an specific date for separating the accounts, recoding any amortization is not possible.
Answer:
$4,900
Explanation:
Cost of refrigerator = $64,000
Estimated residual value = $5,200
Useful life = 12 years
Using the straight line method,
Annual depreciation = ($64,000 - $5,200)/12
= $58,800/12
= $4,900
The difference between the cost and estimated residual value of the asset is the depreciation base of the asset over its useful life.
Answer:
In order to get maximum returns from this investment, Howard Schultz should do the following-
a) Design the product of La Boulange so that they are included in the menu of starbucks so that people preferring to have La Boulange products can also be included in the customer base of starbucks.
b) La Boulange itself has a brand identity and was quite popular among people, hence instead of dissolving its identity, individual outlets must be run under the brand starbucks to maximize the annual turnover.
Explanation:
In order to get maximum returns from this investment, Howard Schultz should do the following-
a) Design the product of La Boulange so that they are included in the menu of starbucks so that people preferring to have La Boulange products can also be included in the customer base of starbucks.
b) La Boulange itself has a brand identity and was quite popular among people, hence instead of dissolving its identity, individual outlets must be run under the brand starbucks to maximize the annual turnover.
Answer:
The correct answer is option b.
Explanation:
An increase in the output prices will increase the profits of the health care providers. It will motivate them to increase the supply of health care. To increase supply they will need more healthcare workers. This will cause the labor demand to increase.
As a result, the labor demand curve will move to the right. This rightward shift in the labor demand curve will cause the equilibrium quantity of labor and equilibrium wages to increase.
Answer:
The answer is: B) purchase records are not maintained.
Explanation:
There are two methods for estimating inventory costs:
- Gross Profit Method
: uses the information from the income statement. If operating conditions remain similar, the proportion between total sales, profits and COGS should be similar (lets say profit is 30% and COGS is 70% of total sales). You can estimate your inventory costs by using the information on total sales.
- Retail Method: It is used mostly by merchandising firms (retailers) that have consistent mark-ups. You have to determine the proportion between cost and retail price (lets say the COGS is 80% of the retail price). Then if you are given the retail inventory, you can determine the COGS using the proportion determined previously.