A differentiator will always benefit when products have become commoditized. True or False

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

g n a process cost system, 108,000 units of a product are assembled in Department F with total product cost (DM, DL, and FO) $90

ivolga24 [154]

Answer:

Journal Entry

Debit Department G Work in Process $90,000

Credit Department F Work in Process $90,000

To record the transfer of product cost from Department F to Department G.

Explanation:

a) Data and Calculations:

Number of units assembled in Department F = 108,000

Total product cost (DM, DL, and FO) = $90,000

Additional inspection cost in Department H = $26,000

Total product cost = $116,000 ($90,000 + $26,000)

Transfer of product cost from Department F to Department G:

Department G Work in Process $90,000

Department F Work in Process $90,000

4 0

2 years ago

A collaborative selling environment makes the sales pitch more challenging for salespeople.

Fiesta28 [93]

Answer: True

Explanation:

Collaborative selling simply refers to a sales approach whereby both the buyer and seller collaborate that is, work together in order to get a convenient and suitable purchase.

It should be noted that a collaborative selling environment makes the sales pitch more challenging for salespeople. Therefore, the answer is true.

8 0

2 years ago

One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that

anyanavicka [17]

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

6 0

3 years ago

Hamilton company uses a periodic inventory system, at the end of the annuanl accounting period, December 31,2015, the accounting

n200080 [17]

Answer:

FIFO : Ending Inventory = $6,000, Cost of Goods Sold = $36,000

LIFO : Ending Inventory = $36,000, Cost of Goods Sold = $28,000

Weighted Average Cost Method : Ending Inventory = $10,500, Cost of Goods Sold = $31,500

Explanation:

FIFO

Assumes that the first goods received by business will be the first ones to be delivered to the final customer.

Ending Inventory

Ending Inventory = Units left × Earliest Price

= 3000 units × $2

= $6,000

Cost of goods sold

Cost of goods sold : 2000 units × $5 = $10,000

6000 units × $4 = $24,000

1000 units × $2 = $2,000

Total = $36,000

LIFO

Assumes that the last goods purchased are the first ones to be issued to the final customer.

Ending Inventory

Ending Inventory 2000 units × $5 = $10,000

6000 units × $4 = $24,000

1000 units × $2 = $2,000

Total = $36,000

Cost of goods sold

Cost of goods sold : 4000 units × $2 = $8,000

5000 units × $4 = $20,000

Total = $28,000

Weighted Average Cost Method

The average cost of goods held is recalculated each time a new delivery of goods is received Issues are then priced out at this weighted average cost.

First Calculate the Average Cost

Average Cost = Total Cost / Total Units

= (2000 × $5 + 6000 × $4 + 4000 × $2) / 12,000

= $42,000 / 12,000

= $3.50

Ending Inventory

Ending Inventory = Units left × Average Price

= 3000 units × $3.50

= $10,500

Cost of goods sold

Ending Inventory = Units Sold × Average Price

= 9,000 units × $3.50

= $31,500

3 0

3 years ago