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3 years ago

How is "Value" assigned to assets

1 answer:

3 0

They use The Economic Analysis Method to assign an monetary value, because it is often difficult to assign a value. This approach ( The Economic Analysis Method) states that, the patents value is the replacement cost, or at least the right amount to replace the protection right on the invention.

I hope this answered your question! :^)

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Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false

diamong [38]

This is a False Statement.

Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.

Specifically, management accounting aims to

provide Information for internal Organisation managers

providing details to governmental regulating bodies

Information for shareholders, the accounts payable department, and other parties outside the company

information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.

To Learn more about Management Accounting, Click the links.

brainly.com/question/21597572

brainly.com/question/18414655

#SPJ4

3 0

2 years ago

You are selling a product on commission, at the rate of $1,000 per sale. To date, you have spent $800 promoting a particular pro

Vesnalui [34]

Answer:

Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.

Explanation:

Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.

Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.

4 0

3 years ago

Read 2 more answers

Rodriguez Company pays $385,000 for real estate plus $20,405 in closing costs. The real estate consists of land appraised at $19

MatroZZZ [7]

Answer: Please see answer in the explanation column

Explanation:

a) Allocate the total cost among the three purchased assets

Total Appraised value of the three assets = Land(193,5000 )+land improvement(86,000) + building (150,500) =$430,000

Total amount of acquisition of assets =Purchase price of assets + closing costs = $385,000 + 20,405= $405,405

1)Asset --Land

Appraised value= $193,500

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 193,500/430,000 x 100= 45%

Apportioned amount = 45% x $405405 = $182,432.25

2)Asset --Land improvements

Appraised value= $86,000

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 86,000/430,000 x 100= 20%

Apportioned amount = 20% x $405405 = $81,081

3) Asset --Building

Appraised value= $150,500

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 150,500/430,000 x 100= 35%

Apportioned amount = 35% x $405405 = $141,891.75

Total cost = Apportioned amount of ( Land + Land improvements +Building ) =

$182,432.25 + $81,081+ $141,891.75= $405,405

b)Journal entry to record purchase of the three assets

Account Debit Credit

Land $182,432.25

Land improvements $81,081

Building $141,891.75

Cash $405,405

6 0

3 years ago

Using threats and punishment is what type of theory management

AleksAgata [21]

Answer: McGregor's XY Theory of Management

Explanation:

8 0

3 years ago

Read 2 more answers

An economy can produce the following combinations of goods: 50X and 0Y, 40X and 10Y, 30X and 20Y, 20X and 30Y, 10X and 40Y, and

Assoli18 [71]

Answer:

B. The PPF is a straight line because of the opportunity cost of the two goods is constant.

Explanation:

The graphic representation of the PPF is a downward line with slope -1. The trade-off is always the same, the trade-off is always 1, in the problem statement when the economy produces 10 more of the Y product, the economy stops producing 10 of product X. The cost of opportunity of the good X is always 1 of the Y.

7 0

3 years ago