Answer:
$600,000
Explanation:
Patent is an intangible non current asset that may be amortized over the estimated useful life.
Given that Alatorre purchased a patent from Vania Co. for $1,000,000 on January 1, 2018 and the patent had a remaining legal life of 10 years, expiring on January 1, 2028
Annual amortization expense = $1,000,000/10 = $100,000
During 2020 ( the patent would have been amortized for 2 years), the accumulated amortization
= 2 × $100,000
= $200,000
The net book value then
= $1,000,000 - $200,000
= $800,000
If the economic benefits of the patent would not last longer than 6 years from the date of acquisition, it means it has a remaining useful life of 4 year from 2020.
Amortization for 2020 = $800,000/4 = $200,000
The amount of the patent net of net of accumulated amortization, at December 31, 2020
= $800,000 - $200,000
= $600,000
Answer:
Present value = $62311.05
Explanation:
to calculate the Pv using a financial calculator
pmt = $5000, interest 5%, n= 20, FV=0
PV= $62311.05
OR USING FORMULA
PV = C *[1-1/(1+r)^t]/1
<u>Answer: </u>Option A
<u>Explanation:</u>
Here there is a price drop of 10% in the tickets while there is 8% increase in attendance which means there is inelastic situation. It denotes that the quantity demanded of the product is less than the price change.
When the demand increases in equal quantity to price then it is unit elastic. Perfectly elastic means when there is just 1% decrease in price of tickets then the demand quantity is infinity. Elastic means there is huge percentage change in quantity demanded than the price change.
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Every company strives to keep their brand positive.</span>
Answer:
People is against outsourcing because they think this business tactic is based on the idea of avoiding the employer's responsibilities. On the other hand, others believe it is a practice that allows companies to focus resources on the core activities delegating not critical functions to others with higher expertise or efficient execution levels.
Explanation:
Take as an example China and the USA. Technology companies as Apple have interest in outsourcing manufacture functions to these countries because labor cost is cheaper (labor arbitrage). By outsourcing the manufacture functions, Apple has to import to the USA the parts, and a rise in trade barriers that could increase the tariff of Chinese manufacture products could hinder this practice. If we think a world where labor rights are respected everywhere, I think outsourcing could be a good business practice because allow companies to optimize the use of resources, promoting specialization and higher levels of efficiency, increasing the production of goods and therefore, the economic well-being of the population. In that sense, I think outsourcing could promote a healthy American economy