Answer: $8000
Explanation:
Amortization refers to the practice whereby the cost of an intangible asset is spread over the useful life of the asset. Amortization is used to lower the book value of an intangible asset or loan over a particular period of time.
Based on the information given in the question, the amortization of the right-to-use asset for year 1 should be:
= Installment - Interest
= $14000 - $6000
= $8000
Answer:
A) (20-(x-10)) (x-6) = -x^2 +36x-180
B)In order to maximize the weekly profit the feeder price should be $80 and the weekly profit will be $144
Explanation
A)Let's consider they priced each feeder dollar x then the gain (price minus cost) of each feeder is (x-6). With the price of Dollar 10 they can sell 20 per week.
For every dollar increase in price they will lose two sales so total sale is
(10-(x-10)) .By multiplying the number of sales of feeder with profit of each feeder sold we get total revenue y i.e.
Y=(x-6)(20-(x-10))
=(x-6) (30-x)
= -x^2+36x-180
B) compare above equation with quadratic equation we get;
a=-1 , b=36 , c= -180
A quadratic function has minimum or maximum at point -b/2a ,so revenue is increased for feeder price.
x= b/2a = 36/2(-1) = $18
AND
Maximum weekly profit is
Y(18) = (18-6) (30-18)
=$144
Answer:
B.
Explanation:
Based on the information provided it can be said that the investment adviser should recognize that the customer's request is not within the scope of the adviser's expertise and retain an outside investment counsel. A "passive" investment manager believes in results generated by a diversified portfolio over one of individually selected stocks. Since the individual wants the adviser to choose the stocks, then the adviser has the responsibility to step back due to his lack of expertise selecting an individual stock portfolio and advise the individual to retain another investment advisor.
Answer: c. Account balances after adjustments
Explanation: An adjusted trial balance contains all the ending balances in all accounts after adjusting entries (journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts) have been prepared. The purpose of adding these entries is to correct errors in the first draft of the trial balance and to bring the entity's financial statements into compliance with an accounting framework. Such accounting framework may be Generally Accepted Accounting Principles (GAPS) or International Financial Reporting standards (IFRS)
The answer is A. "lack" is a negative word and it is the only drawback.
