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zhannawk [14.2K]
3 years ago
5

Martinez Corporation owns a patent that has a carrying amount of $310,000. Martinez expects future net cash flows from this pate

nt to total $250,000. The fair value of the patent is $160,000. Prepare Martinez’s journal entry to record the loss on impairment.
Business
1 answer:
meriva3 years ago
6 0

Answer:

Please find the detailed answer as follows:

Explanation:

Step 1. Given information.

Carrying amount 310.000

Fair Value 160.000

Step 2. Formulas needed to solve the exercise.

Impairment loss = Carrying value - Fair Value

Step 3. Calculation.

Impairment loss = $310.000 - $116.000 = $194.000.

Step 4. Solution.

The carrying amount of $310.000 > fair value of $160.000. To measure the impairment loss, just do CV-FV. hence $310.000 - $116.000 = $194.000.

Loss on impairment $194.000

Patent $194.000

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D. All of the above

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Letter C is correct.<u> Social Justice Theory.</u>

Explanation:

The most suitable alternative for this issue is letter c, Theory of Social Justice.

This theory refers to an ethical and political philosophy that states that there is justice beyond those recognized by the economic law of supply and demand, civil and criminal law, and the social and moral rules and structures of society. According to this theory, social justice refers to relationships that must be fair to all groups in society, that is, all people must have equal access to health, well-being, justice, opportunities, etc., regardless of their conditions. political, economic or other.

Social justice theory can punish or favor individuals regardless of their characteristics, choices or actions.

In the above question, we can say that social justice is adequate, because in economic terms, it is able to grant opportunities, redistribution of wealth and income to groups considered oppressed by certain oppressors.

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3 years ago
Assuming P≥0, suppose that a population develops according to the logistic equation ????P/????????=0.07P−0.00014P2 where ???? is
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Answer:

A complete description of the problem and solutions to each point are given below.

Explanation:

The Logistic Growth model of a population is defined as follows:

                                   dP/dt = kP (1 - P/M) (1)

Where:

dP/dt is the population growth rate.

k is the maximal individual growth rate for a given population

P is the number of individual in the population

M= carrying capacity of the population.

In the problem this first order derivative ecuation is given by

                               dP/dt= 0,07P - 0,00014P² (2)

So, we can factorize ecuation (1) and compare it with (2) to find the carryng capacity and k value (questions 1 and 2).

                                        kP (1 - P/M) = 0,07P - 0,00014P²

                                        kP - (k/M)P² = 0,07P - 0,00014P²

Here kP = 0,07P ⇒ k = 0,07 (answer to question 2)

Then, (k/M)P² = 0,00014P²⇒ (k/M) = 0,00014 and given that k= 0,07

⇒ 0,07/M = 0,00014 ⇒ M = 0,07/0,00014 ⇒ M=500 (answer to question 1)

Finally to find for which values of P is the population increasing/decreasing, we have to find the values at which dP/dt is zero. Analyzing the equation as a quadratic function (applying Baskara´s equation) we find that the values at which dP/dt is zero are P= 0 and P = -1.

x = [-0,07 ± √(0,07²)]/ 0,14 ⇒ x=  [-0,07 ± 0,07)]/ 0,14 ⇒ x = 0 and x= -1.

Then the vertex here is P = -0,5.

Now we can state that for P greater than - 0,5 the population is decreasimg (question 4), while for values from -∞ to - 0,5 the population is increasing (question 3).

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