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alisha [4.7K]
3 years ago
6

Alta Co. spent $400,000 during the current year developing a new idea for a product that was patented during the year. The legal

cost of applying for a patent license was $40,000. Also, $50,000 was spent to successfully defend the rights of the patent against a competitor. The patent has a life of 20 years. What amount should Alta capitalize related to the patent?
Business
1 answer:
Lina20 [59]3 years ago
5 0

Answer:

amount of capitalize related to the patent is $90000

Explanation:

given data

spent = $400,000

patent license = $40,000

defend rights of the patent =  $50,000

patent life = 20 years

solution

as we know that development cost of  new product idea is an direct expense

so here Legal fee will be incurred for apply patent and successfully defend the patent right is the capitalized asset

so capitalize related to the patent is = $50,000 + $40,000

amount of capitalize related to the patent is $90000

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Population of the city of Atlantis on March 30, 2003 = 193,000 No. of new active cases of TB occurring between January 1 and Jun
zubka84 [21]

Answer:

4.77 × 10^-4

Explanation:

Given that

Population of the city of Atlantis on March 30, 2003 = 193,000

No. of new active cases of TB occurring between January 1 and June 30, 2003 = 92

No. of active TB cases according to the city register on June 30, 2003 = 338

So, the incident rate of active cases is shown below:

= (No. of new active cases of TB occurring between January 1 and June 30, 2003) ÷ (Population of the city of Atlantis on March 30, 2003  - No. of active TB cases according to the city register on June 30, 2003)

= (92) ÷ (193,000 - 338)

= (92) ÷ (192,662)

= 4.77 × 10^-4

5 0
3 years ago
Ramona owns a small coffee shop, where she works full-time. Her total revenue last year was $100,000, and her rent was $3,000 pe
Radda [10]

Answer:

Implicit Costs = $35,000

correct option is b. $35,000

Explanation:

given data

total revenue = $100,000

rent = $3,000

overhead averages = $500 per month

Ramona earn = $35,000 per year

to find out

total implicit costs

solution

we know that here Total Rent paid is

Total Rent paid = 3000 × 12

Total Rent paid = $36000

and

Total employee payment = 2000 ×  12

Total employee payment  = $24000

and

Total ingredient and overhead = 500×  12

Total ingredient and overhead = $6000

and

Explicit Costs = 36000 + 24000 + 6000 = $66000

so here

Implicit Costs = The opportunity cost of not working as a manager

Implicit Costs = $35,000

correct option is b. $35,000

5 0
3 years ago
The most common definition that monetary policymakers use for price stability is
jeka57 [31]

Answer:

A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal

Explanation:

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8 0
2 years ago
Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa
lisabon 2012 [21]

Answer:

Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.

Explanation:

When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.

On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.

She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.

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3 years ago
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a celebrity appearing in a commercial for a soft drink while wearing a certain brand of clothing and holding a certain brand of
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