All categories

3 years ago

QUESTION 7

Business

1 answer:

kolbaska11 [484]3 years ago

6 0

Answer:

=$8,500

Explanation:

Amortization is the depreciation of intangible assets. In calculating amortization, the cost of the asset and the expected lifespan is taken into consideration.

For Snowbird, the useful life of the patent is eight years. Usually, patents are not to be resold; hence the salvage value is zero. The amount to be amortized in 2019 will be,

Asset cost $68,000

Useful life 8 years

The rate of amortization will be 1/8 x 100

=12.5%

Amortization amount = 12.5/100 x $68,000

=0.125 x $68,000

=$8,500

You might be interested in

john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c

jeka57 [31]

It is important to keep the questionnaire really short, probably just one good question or a checkbox list would suffice. Hand out the questionnaire once they buy or rent the cds/dvds at the counter. They shall answer it out while you process the receipt and give change. This should come around smoothly and won't be much of a hassle for the customer.

4 0

3 years ago

This morning, DJ’s invested $238,000 to help fund a company expansion project planned for three years from now. How much additio

rusak2 [61]

Answer:

$3,842.78

Explanation:

We must determine the future value of the money invested and then calculate the difference between both return rates. We can use the future value formula: FV = present value x (1 + return rate)ⁿ

3.5% ⇒ FV = $238,000 x (1 + 3.5%)³ = $238,000 x 1.035³ = $263,874.85

4% ⇒ FV = $238,000 x (1 + 4%)³ = $238,000 x 1.04³ = $267,717.63

difference = $267,717.63 - 263,874.85 = $3,842.78

5 0

3 years ago

Bono was kicked out of the band U2 for failing to attend rehearsals on time and constantly cutting the strings of Adam Clayton b

never [62]

Answer:

Explanation:

He was fired for constantly missing rehearsals which is a duty of his role as an employee of U2

6 0

3 years ago

Pfister Corporation has Long-term Assets of $485,000, Current Liabilities of $150,000, Long-term Liabilities of $220,000 and Own

Stels [109]

Answer:

$205,000

Explanation:

Total liabilities=current liabilities+long-term liabilities

total liabilities=$150,000+$220,000

total liabilities=$370,000

total owners'equity plus liabilities=$320,000+$370,000=$690,000

long-term assets+current assets=liabilities+owners'equity

long-term assets=$485,000

current assets are unknown

liabilities+owners'equity=$690,000

let CA represent current assets

$485,000+CA=$690,000

CA=$690,000-$485,000

CA=$205,000

3 0

3 years ago

______________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Ins

Bogdan [553]

I think its A product placement.. its when for example in a Tv show someone drinks coca cola, its so people see it and then they might buy it even though they dont know its hidden advertisement

7 0

3 years ago