Answer: $744,000
Explanation:
The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:
First, we have to calculate the amortization recorded up to 2019. This will be:
= (1,240,000 / 10) x 2
= 248,000
The we calculate the amortization to be recognized in 2020. This will be:
= (1,240,000 – 248,000) / 4
= 248,000
The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:
= 1240000 - 248000 - 248000
= $744,000
Answer:
The correct answer is b. capital investment projects.
Explanation:
The purpose of an investment project is to generate profitability, wealth and value, to a large extent the success or failure of a project depends on its evaluation, that is, the valuation of human, technological, material and financial resources; That is why the importance of a well structured and evaluated project that indicates the correct allocation of resources, comparing the purchasing value of the future currency and determining the breakeven point to know its profitability.
Answer:
d. 5,175 units.
Explanation:
The computation of the budgeted production units for July is shown below:
= Sale units + ending inventory units - beginning inventory units
where,
Sale units is 5,000 units
Ending finished inventory units = 5,700 units × 25% = 1,425 units
Beginning finished inventory units = 1,250 units
Now put these units to the above formula
So, the units would equal to
= 5,000 units + 1,425 units - 1,250 units
= 5,175 units
Answer: Conservative approach; Short term debt
Explanation:
Conservative approach is used by a company to maintain a level of current assets that is high which invariably leads to higher working capital. This is used by a firm that occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance current assets.
Short term debts typically costs less than the long term debts as it's for a shorter duration.
They result in bias answers.
