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Anestetic [448]
3 years ago
12

Skysong Industries acquired two copyrights during 2020. One copyright related to a textbook that was developed internally at a c

ost of $17,000. This textbook is estimated to have a useful life of 5 years from September 1, 2020, the date it was published. The second copyright (a history research textbook) was purchased from University Press on December 1, 2020, for $32,000. This textbook has an indefinite useful life.
How should these two copyrights be reported on Skysong’s balance sheet as of December 31, 2020?
Business
1 answer:
Bezzdna [24]3 years ago
3 0

Answer:

Explanation:

The question is asking fro the Reporting of the two copyrights in Skysong's balance sheet as at December 31,2020

Assumption: The first copyright was developed internally while the second copyright was purchased from the University Press

<u>Based on this assumption, therefore, </u>

For Copyright one: Since it was developed internally, it will not reflect in the balance sheet, it will not be recognized as an asset because it does not have any separate legal rights different from the organisation that developed it. As such it will be recorded in the Income statement as an expense

For Copyright two: This is an intangible asset with an indefinite number of useful life. Hence, $32,000 will be reported in the balance sheet as an intangible asset but the cost will only be tested for impairment and not amortized.

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If the LRATC curve is falling, then Group of answer choices economies of scale are present. constant returns to scale are presen
Natali [406]

If the LRATC curve is falling, economies of scale are present.

<h3>What is LRATC?</h3>
  • A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
  • The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
  • Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
  • Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
  • If the LRATC curve is falling, economies of scale are present.

To learn more about LRTAC refer to:

brainly.com/question/14316066

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6 0
2 years ago
Teal Motors Inc., an automobile company, outsources the manufacturing of most of the automobile parts to several other companies
il63 [147K]

Answer:

The question is missing the below options:

A. loss of identity

B. loss of frequency

C. loss of facility

D. loss of focus

The correct option is D,loss of focus.

Explanation:

Loss of identity does not arise in this case, as Teal Motors Inc. is still responsible for coupling these parts into complete and brands it in own brand name.

Since it is not clear cut that Teal Motors Inc. has in-house facilities to produce the outsourced parts,letting the available production facilities rot away without being put to proper use does not arise.

The focus here is that the company specializes in the critical components that are most important in its automobiles and would prefer to outsource non-critical parts to others,hence a modular approach to manufacturing is favored.

6 0
3 years ago
At Bayside Financial, where you work as a project manager, you have been asked to conduct user training sessions for a new infor
Otrada [13]

Answer:

The correct total time is nineteen (19) days instead of twenty-one days.

Explanation:

Given the analysis of time for the project in parenthesis, it is feasible to merge some of the activities together by carrying them out simultaneously.

For example:

In the course of arranging and confirming the training facility to use which will last for 3 days, the development of the training material that ought to last for 5 days is brought down to a 2 days work because the initial 3 days for arrangement becomes vacant pending the reply on the final day. This brings the total days from 8 to 5.

Other days remain thus:

• Send an e-mail message to all department managers (1 day)  

• Print copies of handout (2 days)

• Develop a set of PowerPoint slides (5 days)

• Conduct a practice training session with the instructor (2 days)

• Conduct the user training sessions (4 days).

Hence, total days are as follow:

5 +1 + 2 + 5 + 2 + 4 = 19 days.

5 0
3 years ago
A disadvantage of the corporate form of business ownership is that:
Roman55 [17]

Answer:

b) most shareholders have little direct control over how the company is managed.

4 0
3 years ago
GDP per person tells us the income and expenditure of the a. richest person in the economy. b. poorest person in the economy. c.
ale4655 [162]

Answer:

The correct answer is letter "C": average person in the economy.

Explanation:

The Gross Domestic Product (GDP) measures the level of output of a country given a certain period -by quarter and year, usually. It considers <em>government expenditures, private investments, consumer spending, </em>and <em>net exports </em>(exports minus imports).  

The GDP per capita represents the GDP per person and is calculated by dividing the GDP by the population of a country. GDP per capita represents an approximate of the expenses of an individual. Smaller richer countries such as Luxembourg or Switzerland tend to have higher GDP per capita.

8 0
3 years ago
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