Answer:
$818,935
Explanation:
Percentage of-revenue method:
$4,000,000
($4,000,000 + 6,500,000) = $10,500,000
Hence;
$4,000,000/$10,500,000
= 38.09 %
Amortization = 38.09% ×$2,150,000
= $818,935
Therefore the amortization of the software development costs would be $818,935
Answer:
under activity-based costing the sum of all product costs does not equal the total costs of the company.
Explanation:
The method of an activity-based costing system can be used use to find the total cost of all the activities that are required to make a product. This system also helps to find out which overhead costs can be avoided.
An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting principles because under activity-based costing the sum of all product costs does not equal the total costs of the company.
Answer:
The net worth (owners' equity) for this business is $2.2 million
Explanation:
Net worth: It is also known as owner's equity which is a difference between total assets and total assets.
In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.
So, the accounting equation is
Total Assets = Total Liabilities + Owner's Equity
where,
Company assets are $3.5 million
And, liabilities is $1.3 million
Now, apply the above equation to find out the value of the owner's equity
So, owner equity would be equals to
= $3.5 million - $1.3 million
= $2.2 million
Hence, the net worth (owners' equity) for this business is $2.2 million
Answer:
Accounting profit= $55,000
Explanation:
Giving the following information:
Last year, he earned $70000 in revenue. He had explicit costs of $15000.
<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>
Accounting profit= 70,000 - 15,000= $55,000
Answer:
Option "D" is the correct answer to the following question.
Explanation:
Power distance is a type of inter-boundary that is found in different individuals within the same society. Power distance is not found to be appropriately distributed in the society, it is usually the thinking of lower ranks.
The more complexities in a culture, the more the difference between individuals will increase.
But in the modern era, people from different cultures are working together, due to which people of lower rank are also encouraged to move forward.
