Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
Answer:
$400,000
Explanation:
Data provided in the question:
Development cost incurred = $2,000,000
Amount incurred after the technological feasibility was achieved = $400,000
Now,
The Software development costs that would be capitalized in 20X1
= Cost incurred after achievement of technological feasibility
= $400,000
Answer: $20.44
Explanation:
From the question given, we are informed that Best Ever Toys just paid its annual dividend of $1.78 per share and that the required return is 10.6% and the dividend growth rate is 1.23%, then the expected value of this stock five years from now will be:
= [$1.78 × (1 + 1.23%)^6] / (10.6% - 1.23%)
= (1.78 × 1.0123^6)/(10.6% - 1.23%)
= 20.44
The expected value of the stock is $20.44
The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D.
