Answer:
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Answer:
1st copyright will not be reported on balance sheet.
2nd copyright will be reported on balance sheet.
Dr Copyright (Intangible Asset) $34,000
Cr Cash $34,000
Explanation:
<u>1st Copyright</u>
If an intangible asset is internally generated, none of its costs are capitalized.
<u>2nd Copyright</u>
Acquired copyright is reported on balance sheet as an intangible asset. Company may include only outright purchase costs in the acquisition cost of an intangible asset; the acquisition cost does not include cost of internal development.
Only recognized intangible assets with finite useful lives are amortized. Recognized intangible assets having indefinite useful lives are not amortized.
Answer:
$3,799
Explanation:
The total bill amount is
Before that The computation of the fixed cost and the variable cost per minute by using high low method is computed
Variable cost per minute = (High bill cost - low bill cost) ÷ (High minutes - low minutes)
= ($4,500 - $2,630) ÷ (480 - 160)
= $1,870 ÷ 320
= $5.84
Now the fixed cost equal to
= High bill cost - (High minutes × Variable cost per minute)
= $4,500 - (480 × $5.84)
= $4,500 - $2,803
= $1,697
Now the total bill would be
= Fixed cost + expected minutes × variable cost per minutes
= $1,697 + 360 × $5.84
= $1,697 + $2,102
= $3,799
Answer 43 cents a can is a better buy
Explanation:
It's still cheaper then 10 cents off a 58 cents can.
An extended warranty, known as a service contract, is a type of insurance contract for the product you buy. It's usually provided by the merchant at the time of purchase.
<h3>What is the idea of an extended warranty?</h3>
Extended warranties are plans that extend the manufacturer's warranty duration on consumer durable items beyond the manufacturer's offer. It pays for the cost of replacing or repairing the product if it is damaged as a result of a manufacturing flaw or shoddy workmanship.
- The explicit warranty,
- implicit warranty,
- extended warranty, and
special warranty deeds are the four most frequent forms of warranties.
As a result, in the preceding scenario, the vendor is attempting to add value to the product by insuring it under an extended warranty coverage.
Learn more about extended warranty:
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