Answer:
$23,400
Explanation:
Amortization expense = Cost of the patent/ useful life
$23,400 / 10 = $23,400
The amortization expense each year is $23,400.
I hope my answer helps you
Answer:
The amount of inventory destroyed in the tornado is $105,700
Explanation:
We know that,
Beginning inventory + purchase of inventory + Gross profit = Sales + ending inventory
$228,350 + $199,400 + $322,050 = $644,100 + ending inventory
$749,800 = $644,100 + ending inventory
So, the ending inventory equals to
= $749,800 - $644,100
= $105,700
The gross profit equals to
= Gross profit percentage × sales
= 50% × $644,100
= $322,050
The inventory is destroyed so we assume the ending inventory is destroyed which equal to $105,700
Answer:
ERP
Explanation:
Based on the scenario being described within the question it can be said that for this situation you should probably select an ERP system. This is a centralized system that provides the company with complete integration of all of the different functions or divisions of the company, allowing everything to be analyzed easily and in unison.
Answer:
$168
Explanation:
The expense ratio calculates Vanguard 500 index fund expenses as a percentage of total funds invested in a mutual fund.
In this case, it measures the percentage of Jill Thomson's investment in the fund that goes to paying management fees, by comparing the mutual fund management fees with his total assets in the fund.
However, all costs are shared amongst the investors.
Expense ratio = operating expenses/average value of fund asset
Expense ratio = 0.14%,
Amount to be paid = expense ratio x amount invested (0.14% * 120,000= 168)
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