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Aleksandr-060686 [28]
4 years ago
7

On January 2, 2019, Adelphi Company purchased a patent for $235,000 plus

Business
1 answer:
Ymorist [56]4 years ago
4 0

Answer:

The annual amortization expense for 2019 will be $35000.

Explanation:

The amortization expense for the patent calculated based on the useful life of patent. The purchase of value of $235000 plus $10000 gives the total value of $245000 while use the patent of 7 years.

The formula for amortization expense = (Cost of patent - Residual value ) / Useful life of patent)

amortization expense = ($245000-0)/7 = $35000

The legal life would not count due patent in business use for limited life compare to legal life of patent.

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solniwko [45]

"Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles" is FALSE.

<u>Option:</u> B

<u>Explanation:</u>

Specialization refers to countries' propensity to focus in certain items they exchange for other commodities, rather than to manufacture all the consumer goods on their own. As the PPF production possibilities frontier displays that production is impractical, Freedonia and Lamponia had to engage in international trade.

Both countries are able to consume the goods they produce.When a country is skilled in manufacturing a good, it can manufacture this good at a lower cost of opportunity than its trading nation. For this comparative advantage, both countries benefit from competing and trading with one another.

7 0
3 years ago
The Whole Foods chain of supermarkets has stated, "With great courage, integrity, and love, we embrace our responsibility to co-
damaskus [11]

Answer:

Values Statement.

Explanation:

Value Statement: It shows that what an organization believes in, what are their values, where does the company stands in terms of morality. Moreover, value statement reflects the priority of the company and tells if it is inclined towards profit or collective goods more.

<em>As</em> the whole foods communicated that they don't want any harm towards the planet and claim themselves as responsible ones to care for this planet, it suggests that this is their value statement.

3 0
3 years ago
For each cost pool, identify an appropriate cost driver.
nikklg [1K]

Answer:

accounts receivable processing

or

order department

8 0
3 years ago
The case suggests that by gradually increasing the price of its overengineered razors, Gillette may have reached the limit of it
Svetllana [295]

Answer:

Economic value creation

Explanation:

economic value creation within a a workplace entails tbecreation and sustainable competitive advantage that generate economic value are revenue drivers, cost drivers, and risk drivers.

5 0
3 years ago
Classify this form of business:
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Answer:

Limited Liability Partnership / Limited Liability Company.

Explanation:

  • Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.
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