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mezya [45]
2 years ago
6

Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2014, when

it was acquired at a cost of $36 million at the beginning of that year. Due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost. The decision was made at the end of 2018 (before adjusting and closing entries). What is the appropriate patent amortization expense in 2018?
Business
1 answer:
raketka [301]2 years ago
7 0

Answer:

Appropriate patent amortization expense = $10 million

Explanation:

As per the data given in the question,

Annual amortization expense = Cost ÷ Time

= $36 ÷ 9

= $4 million

Year 2018 Amortization Expense 4 Years = $4 million × 4

= $16 million

Unamortized cost = $36 million - $16 million

= $20 million

Year 2018 Amortization expense 4 years = $20 million ÷ 2

= $10 million

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Maybepay Life Insurance Co. is selling a perpetual contract that pays $4,990/year. The contract currently sells for $143,012. Wh
Pie

Answer:

3.49%

Explanation:

Calculation to determine the rate of return on this investment

Using this formula

Rate of return=Monthly payment/Current value*100

Let plug in the formula

Rate of return = $4,990/$143,012 *100

Rate of return= 3.49%

Therefore the the rate of return on this investment is 3.49%

4 0
2 years ago
Television is different from film in that
Dmitry_Shevchenko [17]

Answer: The correct answer is "all answers correct".

Explanation: The television contains images of lower quality than the films since the films are made individually with the aim of creating an experience of cinematographic entertainment totally different from that offered by television.

6 0
3 years ago
Bratton corporation had 8200 units of work in process on April 1. During April , 22300 units were completed and as of April 30 6
yanalaym [24]

Answer:

20,140 units

Explanation:

The number of units started will be the units completed in April plus the ending inventory minus the opening work in progress.

Units started =  completed unit + ending inventory - beginning inventory.

Units started = 22,300 + 6,040 -8,200

units started = 28,340 - 8200

units started =20,140

6 0
2 years ago
You are the president of Henry Motor Corp., and you see the great potential markets in Eastern Europe for personal transportatio
lina2011 [118]

Answer: A direct investment

Explanation:

A direct investment is one of the type of investment process that helps in providing the various types capital funding and purchasing the factories, machines and the organizational related tools or the equipment from the outside.

It is also known as the physical investment and it helps in exchange the various types equities without purchasing any type of company based stocks in the market.

According to the question, the Russian government basically welcome the given plan process and this is refers an example of the direct investment process. Therefore, Direct investment is the correct answer.

3 0
2 years ago
Small businesses can often provide more personalized customer service than bigger rivals.A. trueB. False
AnnZ [28]

Answer: True.

Explanation:

Personalized services are services that are flexible in delivery and can change with individual preferences.

Smaller businesses find it easier to render customised services to their customers, because their customers are fewer and they are eager to get more, which makes them to put in extra effort, in satisfying each customer.

Bigger businesses have a larger customers population and has a difficulty most times in totally satisfying their every needs.

4 0
3 years ago
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