1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
const2013 [10]
3 years ago
12

On October 1, 2019, Priscilla purchased a business. Of the purchase price, $92,000 is allocated to a patent and $552,000 to good

will. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Priscilla’s 2019 § 197 amortization deduction. $
Business
1 answer:
Firdavs [7]3 years ago
3 0

Answer:

$10,730

Explanation:

1. Patent: $92,000/15 years = $6,133

$6,133 × 3/12 = $1,533

2.Goodwill: $552,000/15 years= $36,800

$36,800 × 3/12 = $9,200

Total: $1,533 + $9,200= $10,733

Approximately $10,730

You might be interested in
if an interest inventory reveals that you are highly interested in solitary, introverted work, what might be the best type of ca
Softa [21]
In my opinion, venturing into world of Arts could be a favorable path for a person highly interested in solitary, introverted work. Visual arts such as painting and photography (nature, macro-shoots, etc) could be better choices. Literature might interest you too. The art of words would allow you to express yourself without talking to animate objects. One could pick a pen or stare at his or her computer when indulging oneself in the ARTS. 

You do not have to impress others, your masterpiece could do the talking for you.

Hope this helps. Have a nice day!
8 0
3 years ago
Your firm has net income of $245 on total sales of $1,080. Costs are $610 and depreciation is $120. The tax rate is 30 percent.
RSB [31]

Answer:

the operating cash flow is $365

Explanation:

the computation of the operating cash flow is shown below:

operating cash flow is

= Net income + depreciation expense

=  $245 + $120

= $365

hence, the operating cash flow is $365

We simply added the net income and the depreciation expense to determine the operating cash flow  

3 0
2 years ago
When a seller advertises goods for sale on a web site, that seller is making an offer to potential buyers.
Stels [109]
I believe that the answer is true.
7 0
3 years ago
Read 2 more answers
Explain why a relative price is an opportunity cost. The money price of a pound of bananas is $0. 90 and the money price of a tu
dimaraw [331]

The opportunity cost is stated in relative pricing, that is, the price of one option in comparison to another.

When there are numerous vendors in a market but no one is significant enough to control the price of a product. Because both items must be produced, the relative price must match the opportunity cost. If the opportunity cost of one good is lower in the home country than so will be the relative price.

As bananas cost $0.90 per kg, so, if  a toothpaste is  for $2.25, we are forgoing 2.25 kgs banana (2.25/0.9). Thus, the opportunity cost is 2.5 kg bananas which is equal to the relative price of bananas.

Therefore, relative price is an opportunity cost.

To know more about relative price click here:

brainly.com/question/14187254

#SPJ4

6 0
1 year ago
Match each description 1 through 4 with the characteristic of preferred stock that it best describes in the dropdown next to eac
andreyandreev [35.5K]

Answer:

1. <em>Holders of the stock are entitled to receive current and all past dividends before common stockholders receive any dividends</em>  - Cumulative Shares

Holders of Cumulative Shares will always receive the dividends owed to them because even if they do not get it in a particular period, the dividends will accrue until the company is able to pay them.

2. <em>Holders of the stock can receive dividends exceeding the stated rate under certain conditions  - </em>Participating Shares

Participating Shareholders are eligible to receive an extra dividend provided that there is surplus profit after all the other dividends have been paid off.

<em>3. Holders of the stock are not entitled to receive dividends in excess of the stated rate.  - </em>Non- Participating Shares

Even if there are surplus profits after all other dividends have been paid off, these holders are not entitled to that profit.

<em>4. Holders of the stock lose any dividends that are not declared in the current year - </em>Non- Cumulative Shares

If their dividend is not declared in a certain period, they will forfeit that dividend for the period.

7 0
3 years ago
Other questions:
  • When a company lends cash to a customer who signs a promissory note: total assets decrease when the lending transaction occurs,
    11·1 answer
  • GMC purchased a $180,000 milling machine, which will be used for 5 years. The machine is expected to save the company $30,000 du
    12·1 answer
  • Which of the following statements about the capital asset pricing model (CAPM), which is the "father" of the security market lin
    14·1 answer
  • ____ refers to the statistical characteristics of a group or population such as age, gender, and education level.
    9·1 answer
  • What is the base of Selection Process?
    6·1 answer
  • David works in a small manufacturing firm that makes customized office furniture. He feels it is important to work directly with
    11·1 answer
  • Tamarisk Corporation purchased a truck by issuing an $118,400, 4-year, zero-interest-bearing note to Equinox Inc. The market rat
    6·1 answer
  • On June 10, Novak Corp. purchased $8,350 of merchandise on account from Sarasota Company, FOB shipping point, terms 2/10, n/30.
    14·1 answer
  • When a company creates overhead rates based on the actions it performs, it is employing an approach called.
    6·1 answer
  • why did aig get bailed out while lehman brothers did not? group of answer choices it had a stronger balance sheet lehman brother
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!