Answer:
The reported book value of the franchise will be $200000
Explanation:
An intangible asset is an asset that lacks a physical substance. The value of an intangible asset is amortized just as the value of a tangible/physical asset is depreciated.
The straight line amortization charges a constant amortization expense through out the expected useful life of the intangible asset.
The formula to calculate the straight line amortization per year is,
Amortization expense per year = Cost / Expected Useful life
Amortization expense per year = 300000 / 6 = $50000 per year
The book value of an asset is the value after deducting the accumulated depreciation/amortization from the cost.
Book value = cost - accumulated depreciation or amortization
Book value = 300000 - (50000 * 2) = $200000
The zero-based budget is the the most effective type of budget because its keeps the firm aware of how much money is flowing in and out.
<h3>What is a zero-based budget?</h3>
A zero-based budget means a method of budgeting where all the expenses must be explained for each new period.
The zero-based budget is very important because its process ensure that that is a justification for all operating expenses and areas that company are generating revenue.
In conclusion, the zero-based budget is the the most effective type of budget because its keeps the firm aware of how much money is flowing in and out.
Read more about zero-based budget
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Answer:
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
Explanation:
Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.
The formula is:
SandA COST= 47900+52*Q
For April they planned to sell 6000 units.
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
If the formula is accurate the real cost of selling and administration is:
47900+52*5960=$357,820
Answer:
$8
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Consumer surplus = willingness to pay - price
The consumer surplus of the 10th scarf :
Willingness to pay for the 10th scarf - price of the scarf
Willingness to pay for the 10th scarf = $200 / 10 = $20
Consumer surplus = $20 - $12 = $8
I hope my answer helps you
It was called the “ Lewis and Clark Expedition” or “ The Crops Of Discovery”. Hopefully this helped!!
