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Bezzdna [24]
3 years ago
12

Curry Seasonings has a patented technology for finely grinding spices while maintaining flavor. This has allowed the company to

make some of the world’s finest spices. However, recently a competitor patented a newer technology that results in the production of more potent spices than Curry’s spices. What would you recommend they do to revalue the intangible asset?
Business
1 answer:
VLD [36.1K]3 years ago
4 0

Answer:

<em>Run a recoverability test and then a fair value test.</em>

Explanation:

Business assets with a loss of value are subject to impairment tests to assess and identify the magnitude of the loss.

<em>Measuring the magnitude of the loss requires two steps:</em>

  • Performing a recoverability check is to decide whether an impairment loss occurred by determining whether the future value of the undiscounted cash flows of the asset is less than the asset's book value. If the cash flow is less than the value of the book, the loss will be assessed.
  • Measure the cost of damage by measuring the difference between the book value and the asset's market value.
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If you bought a new truck for $40,000 for your auto parts delivery service, and you estimated that the truck would last you 200,
krok68 [10]

Answer:

First year depreciation expense is $2,250

Explanation:

Total depreciation expense is given by:

Price - Salvage Value = 40,000 - 4,000 = 36,000

That $36,000 depreciation expense would be spread out for 200,000 miles.

So for the first year in which the truck is used 12,500 miles, the depreciation expense will be

\frac{36,000}{200,000}\times{12,500}{=2,250}

Question answered.

Note:

\frac{Depreciable \,Cost}{Units \,in \,Useful \,Life}{=Per-Unit\,Depreciation}

{Per-Unit\,Depreciation \times \,Units \,During \,Year = Annual \,Depreciation \,Expense

5 0
3 years ago
Search marketing involves placing _____ on the organic results page of search engines.
Rus_ich [418]

Answer: Advertisements

Explanation:

Search engine marketing is a form of internet marketing, where website owners increase their website's views from search engine results, this can be achieved through paid or unpaid adverts.

The paid adverts may include the use paid Google adverts while the unpaid adverts would include the use of search engine optimization.

8 0
4 years ago
Suppose the GDP of Australia is 100,000 AUD and the exchange rate between AUD and USD is 1.34 AUD=$1. What is the GDP of Austral
Hitman42 [59]

Answer:

The value of GDP in dollars = $74600

Explanation:

Given the GDP (gross domestic product) of Australia = 100000 AUD

Given the exchange rate, 1.34 AUD = $1.

Since we have given the total amount of GDP for Australia and exchange rate. Now we have to calculate the value of Australian GDP in the dollars. We can find this by dividing the total GDP with 1.34 AUD.

The value of GDP in dollars = 100000 / 1.34 = $74626.86 or $74600.

4 0
4 years ago
"California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insura
leva [86]
<h3>California Inc Estimated ending inventory is $319,000 </h3>

Explanation:

Goods available for sale = Beginning inventory + Net purchases

  • California Inc Beginning inventory $310,000
  • California Inc Net purchases = $905,000
  • California Inc Goods available for sale = $1,215,000

Gross profit = Net sales *  profit %

  • California Inc Net sales = $1,280,000
  • California Inc gross profit = 30%  
  • California Inc gross profit = $384,000

Estimated cost of goods sold = Net sales - Gross profit

  • California Inc Estimated cost of goods sold = $1,280,000 - $384,000
  • California Inc Estimated cost of goods sold = $896,000

Estimated ending inventory = Goods available for sale - Cost of goods sold

  • California Inc Estimated ending inventory = $1,215,000 - $896,000
  • California Inc Estimated ending inventory = $319,000

California Inc Estimated ending inventory is $319,000

3 0
4 years ago
Hiram's lakeside is a popular restaurant located on lake washington in seattle. The owner of the restaurant has been trying to b
Masteriza [31]
<h2>Activity Cost Pool </h2>

It is the activity measure total cost of total activity assisting a gathering of guests. The number of people attended $ 14,500 for 5,800 people. Serving a customer number of guests served $ 95,160 for 12,200 diners. Serving a drink number of beverages ordered for $ 27,270  for 10,100 bottles.

  1. The above prices cover all of the expenses of the restaurant without for organization-sustaining expenses. Example rent, business taxes, and top-management payrolls. Some expenses, like the expense of cleaning the linens that cover the restaurant's furniture, change with the amount of individuals worked.
  2. Additional costs, example washing dishes and glasses, depends on the number of customers attended or the number of drinks served. Prior to the activity-based costing research, the landlord understood very little about the expenses of the restaurant. She knew that the entire cost for the month including organization-sustaining costs was $180,000 and that 12,000 customers must be served.

Accordingly, the average cost per customer was $15.

5 0
3 years ago
Read 2 more answers
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