If sammy scores nearly the same every time he takes a test, it can be concluded that the test is ____

Bluestone Company had three intangible assets at the end of the current year:

adoni [48]

Answer and Explanation:

The computation is shown below:

1) Calculation of the acquisition cost is

Patent = $4,000

Trademark = $210,000 + $8,500 = $218,500

Licensing Rights = $80,000

2) Computation the amortization expense is

Patent = $4,000 ÷ 10 = $400

Trademark = $218,500 ÷ 10 = $21,850

Here we assume the indefinite life of 10 years

Licensing Rights = $80,000 ÷ 5 = $16,000

3)

Income statement:

Amortization expense $38,250 ($400 + $21,850 + $16,000)

Balance sheet at year end december:

Fixed assets

Intangibles

Patent $3600 ($4,000 - $400)

Trademark $196,650 ($218,500 - $21,850)

Licensing Rights $64,000 ($80,000 - $64,000)

8 0

2 years ago

Getthere airlines currently charges $200$ dollars per ticket and sells $40{,}000$ tickets a week. for every $10$ dollars they in

Nataly_w [17]

Suppose GetThere Airlines increases their ticket price to $200+10n = 10(20+n)$ dollars. Then the number of tickets they sell is $40,000-1000n = 1000(40-n)$ . Therefore, their total revenue is

$$10(20+n)\cdot 1000(40-n) = 10000(20+n)(40-n) = 10000(800+20n-n^2).$$

This is maximized when $n=-\left(\frac{20}{2\cdot(-1)}\right)=10$ . Therefore, they should charge $200+10\cdot 10 = \boxed{300}$ dollars per ticket.

6 0

3 years ago

You are an insurance salesman. If you make 12% on all insurance sales and sold an average $35,000 / month, how much money did yo

Zigmanuir [339]

Answer:

$50,400

Explanation:

To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.

5 0

2 years ago

MC Qu. 169 A manufacturer reports the following costs to produce... A manufacturer reports the following costs to produce 23,000

Firdavs [7]

Answer:

Unitary product cost= $54

Explanation:

Giving the following information:

Production= 23,000 units

Direct materials= $23 per unit

Direct labor= $19 per unit

Variable overhead= $276,000

Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.

First, we need to calculate the unitary variable overhead.

Unitary overhead= 276,000/23,000= $12 per unit

Unitary product cost= 23 + 19 + 12= $54

5 0

2 years ago

Accounts Receivable from sales to customers amounted to $80,000 and $70,000 at the beginning and end the year, respectively. Inc

Kipish [7]

Answer:

$332,000

Explanation:

Cash flow from operating activities

Net Income $252,000

Adjust for changes in working capital items :

Decrease in Accounts Receivable ($80,000 - $70,000 $80,000

Net Cash Provided by Operating Activities $332,000

Conclusion

the cash flows from operating activities to be reported on the statement of cash flows is $332,000

5 0

3 years ago

If sammy scores nearly the same every time he takes a test, it can be concluded that the test is _____.