Economists believe that an activity should be continued up to the point where

Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on

german

Answer:

Acquisition cost

a. Patent: $6,000

b. Trademark: $4,000

c. Computer licensing rights: $42,000

2. Amortization for current year

a. Patent: $500

Annual Amortization charge = Cost / Estimated life = $6,000 / 12 = $500

b. Trademark: $0. Since it has an indefinite life.

c. Computer licensing rights: $7,000

Annual Amortization charge = Cost / Useful life = $42,000 / 6 = $7,000

3. Balance Sheet (Partial)

Assets

Intangible Assets=$44,500

($6,000 + $4,000 + $42,000 - $500 - $7,000)

Income Statement (Partial)

Under Continuing operations

Amortization expense=$7,500

6 0

3 years ago

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh

aalyn [17]

Answer:

$1,287 unfavorable

Explanation:

According to the scenario, computation of the given data are as follow:-

But before that we need to calculate the following things

Total Budgeted Fixed Cost

= Supervision Fixed Cost + Utilities Fixed Cost + Factory Depreciation Fixed Cost

= $15,510 + $14,800 + $59,780

= $90,090

Budgeted Fixed Manufacturing Overhead Rate

= Total Budgeted Fixed Cost ÷ Original Budgeted Machine Hours

= $90,090 ÷ 7,700 hours

= $11.7

Based on the above calculation, the overall fixed manufacturing overhead volume variance is

= Budgeted Fixed Manufacturing Overhead Rate × (Original Budgeted Machine Hours - Actual Output of Month Totaled)

= $11.7 × (7,700 hours - 7,590 hours)

= $11.7 × 110

= $1,287 unfavorable

According to the analysis, the overall fixed manufacturing overhead volume variance for the month is $1,287

8 0

3 years ago

You deposit $100 in an account that pays 6 percent annual interest, compounded quarterly. What will your deposit grow to in 3 ye

Burka [1]

Answer:

$119.56

Explanation:

We will use compound interest formula to solve this problem.

The formula is:

$F=P(1+r)^t$

Where

F is the future value

P is the present amount

r is the rate of interest per period

t is the number of periods

Here,

F is the value we want, after 3 years

P is the present amount, $100

r is the rate of interest per quarter (per period)

Given r = 6% annually, so that would make:

6%/4 = 1.5% per quarter, or 1.5/100 = 0.015

Also, t is the number of quarters in 3 years, that would be 4*3 = 12

Now, substituting, we get our answer:

$F=P(1+r)^t\\F=100(1+0.015)^{12}\\F=100(1.015)^{12}\\F=119.56$

The first answer choice is right, $119.56

3 0

3 years ago

A market gap is which of the following?

nlexa [21]

Answer:

b

Explanation:

.......................................

5 0

3 years ago

Jorge has $300 for work he performed. he expects to spend the money in the next few weeks to buy a new bike. which type of accou

Ber [7]

The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.

5 0

3 years ago

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