Answer:
Original Cost = $26.10
Annual Amortization (Old) = $26.10 / 9 years
Annual Amortization (Old) = $2.9 million
Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million
Unamortized Value = $26.10 million - $11.6 million
Unamortized Value = $14.5 million
Remaining Life = 6 - 4
Remaining Life = 2 Years
New Amortization = Unamortized Value/Remaining Life
New Amortization = $14.5/2
New Amortization = $7.25 million
Journal Entry
Amortization Expense Debit - $7.25 million
Patent Credit - $7.25 million
The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.
The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.
In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.
Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.
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Our denials to divine nature and lack of appreciation of our connection to all things
Answer:
$70,000
Explanation:
The amount of direct material purchased during the year will be arrived at by working back from the amount of Direct Materials used within the year, then we <u>less</u> opening stock of Direct Material because obviously that was not purchased within the year but was carried over from previous period; and finally we add closing stock of Direct Material because that was left over from what was bought during the current period.
Direct materials used............................... $72,000
Beginning Direct materials inventory... ($9,000)
Ending Direct materials inventory..........<u> $7,000 </u>
Direct material purchased ........................<u>$70,000</u>
What obligations does the buyer have to the lender in a financing real estate transaction, aside from interest paid over the course of the loan? Pay loan-related closing charges.
Closing costs are the additional charges that buyers and sellers often pay in order to conclude a real estate transaction.
Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed recording fees, and credit report fees are a few examples of these expenses. Within three days of receiving a home loan application, the lender is obligated by law to include these fees in a loan estimate form. Closing expenses may also apply to gifts of equity, which involve selling real estate to a relative or close friend at a discount from market value.
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