Answer:
$60,000
Explanation:
We know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$50,000 = net income - $10,000
So, the net income would be
= $50,000 + $10,000
= $60,000
The ending balance of retained earning - Beginning balance of retained earnings reflects the increase balance of retained earnings
Answer:
The company will amortize the cost over 6 years.
Explanation:
Intangible assets which have a useful life that is either indefinite or identifiable.
The assets having identifiable useful lives, are amortized on the basis or method of straight-line over the legal or the economic life, which ever is short.
The assets having indefinite useful lives are assessed every year for the impairment. And the impairment losses need to evaluated by deducting the market value of the asset from the carrying value.
So, in this case, the asset has legal life of 8 years and on contract is 6 years, the company will amortize the asset over the 6 years as the intangible asset have identifiable useful lives, therefore, need to amortized over legal or economic life, which ever is shorter.
Hence, legal is 8 years and economic life is 6 years, so the short is 6 years.
Answer:
c) managerial and marketing knowledge developed at home can be used abroad with low marginal costs.
Explanation:
Low marginal cost represents low cost associated with the functioning of bank at low cost for each additional transaction of business. This basically provides for low costing.
Since the bank is able to exercise the low marginal cost in domestic market it expects to have a low marginal cost in international market also with the expertise of management.
As the bank feels confident with the management that it would be able to keep the cost low even in international domains thus, it expects low marginal cost in international domains also.
Answer:
Individual
Explanation:
In the new global environment, relativism has been given equal consideration. Everyone has their own beliefs and thought procedure and they must be respected. Theo is an individual relativist that means that he believes everyone must make their own ethical rules and they should follow those rules. If he feels that gay marriages should be legal at the same time he knows that other people might feel different this is individual relativism.