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

When you download and print the NCAA Basketball Tournament bracket (a paper to pick who you think will win the NCAA Men's Basket

Anni [7]

Answer:

2. Unilateral contract

Explanation:

Because in a unilateral, or one-sided, contract, one party, known as the offeror, makes a promise in exchange for an act (or abstention from acting) by another party, known as the offeree.

5 0

3 years ago

Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale

Afina-wow [57]

Answer:

correct option is A. $450

Explanation:

we know that half the cost of the business meeting or the business meeting lunch or the dinner that is deductible even

and if the meal are associate with the active businessman or the sole proprietor then half the amount that is here $900 tickets to the opera with client for meeting is deducted

so that is deducted = $\frac{900}{2}$

deducted amount = $450

so correct option is A. $450

5 0

3 years ago

Frederick is a student at Central Fictional State University (CFSU), and he has a great idea for a new business invention. Frede

Delvig [45]

Answer: He should should File a suit.

Explanation:

He should should File a suit.

The new innovation was Frederick's brain child, I believe God gave him this innovative Idea he could change people's lives professionally and even personally. Frederick should only sue the Professors for the use of his innovative idea and the Patents for this innovation to be transferred back to the rightful owner of innovation (Frederick) and not to sue them for everything they have the aim here is to teach/show professors that stealing is wrong and not to punish.

We should not let evil doers prevail, suing Professors will teach them a lesson that stealing a person's idea is wrong and they should not do it again, if Frederick doesnot sue the professors would probably do it to another student. Frederick's law suit will not only help him but it will actually save a lot of students coming after him which is what Christianity is teach us to do good for other people.

6 0

3 years ago

Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p

lesya692 [45]

Answer and Explanation:

a. The preparation of the sales budget is prepared below:-

Sonic Inc.

Sales budget

Particulars Unit Sales Unit Selling price Total Sales 

Volume

Model Rumble:

East Region 12,000 $60 $720,000

West Region 14,000 $60 $840,000

Total $1,560,000

Model Thunder:

East region 3,500 $90 $315,000

West region 4,000 $90 $360,000

Total $675,000

Total revenue from sales $2,235,000

To reach the total revenue from sales we simply added the total of model rumble with a total of model thunder.

b. The Preparation of the production budget is shown below:-

Sonic Inc.

Production budget

Particulars Units Model Units Model

Rumble Thunder

Expected units to be

sold 26,000 7,500

(12,000 + 14,000) (3,500 + 4,000)

Add: Desired ending

inventory 500 250

Total units required 26,500 7,750

Less: Beginning inventory 750 300

Total units to be produced 25,750 7,450

So, to reach at total units to be produced we simply deduct the beginning inventory from total units required.

7 0

3 years ago

The city of Ann Arbor Michigan buys a police car manufactured in Germany. In the GDP accounts this transaction is included in a.

natima [27]

Answer:

A. In government expenditures and imports.

Explanation:

We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.

In the case of this transaction, it is included in GDP accounts in government expenditures and imports.

GDP which is known as Gross Domestic Product can be explained as the total market value of domestic finished goods/service that are been produced in a particular period in a country. The net export, as well as consumption and government expenditures and investment are taking into consideration in GDP. It should be noted that social security payment is not accounted with GDP

8 0

3 years ago