Answer:
A. Patent = 28000 / 7 years = 4000
B. Goodwill = Indefinite life, so amortization is zero
C. Leasehold improvements = Construction is done on 31 December hence no depreciation for the current year
D. Ordinary repairs and maintenance = Revenue expenditure, so no depreciation
E. Machine A = Already recorded depreciation So no additional depredation as it is sold
F. Machine B (31000 - 7000) / 15 year = 1600
Answer:
This method encourages the selling division to operate efficiently.
Explanation:
Absorption cost transfer pricing is very essential to determine the right amount in which goods and services will be sold in the market. It involves setting a price for a particular product with inclusion of all its variable costs.
Absorption cost transfer pricing enables an organization to maximise profit this is because all the different cost incurred during production are added to the price of the product.
I believe the answer to this is Pierce.
Answer:
$207000 is the sales revenue for the year.
Explanation:
The given situation is:
Sales Revenue 100%
Cost Of Goods sold <u> 60% </u>
Profit Margin 40%
Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:
Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory
By putting values we have:
Cost Of Goods Sold = $54,000 + $109,800 - $39,600
Cost Of Goods Sold = $124,200
Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).
Sales revenue = Cost of goods sold * 100% / 60%
Sales revenue = $124200 * 100% / 60% = $207,000
I would say the correct answer is cell protection. It is when you prevent others to edit or change the contents of certain cells in a sheet. In doing this, you first unlock all cells. Then, select the cells you want to lock then select the option to lock them. Hope this helped.