Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The ripple effect means that the economic benefits generated by the construction of the project and the hiring of construction workers will expand to other industries and areas of the local and regional economy (it also affects positively the national economy but in a very small way). For example, construction workers use their salaries to purchase goods and those goods are provided by other industries.
Answer:
May incorporate in any state it chooses.
Explanation:
Incorporation can be defined as the creation of a new business which will have equal rights as that of an individual.
The different steps for incorporation include:
- Proper documentation of the reports of incorporation.
- Choosing a suitable name for the business.
- Documenting the various operational agreements.
- Appointing managers to supervise the daily activities.
- Getting a federal employment identification number.
- Opening accounts for keeping the revenues that will be generated by the company.
- Employing diffetents workers to carry out various activities in the company.
Answer:
$350,000
Explanation:
total intangible assets:
Copyrights $2,000,000 (amortizable)
Goodwill $4,500,000 (not amortizable)
Patents $1,500,000 (amortizable)
Trademarks $1,000,000 (not amortizable)
since you can only amortize copyrights and patents, total amortization expense for the year = ($2,000,000 + $1,500,000) x 10% = $350,000
both trademarks and goodwill can be impaired though (impairment costs are evaluated on a yearly basis).
Answer:
D. Consistency among a firm’s activities.
Explanation:
Conceptualisation is the process by which an enterpreneur writes out concepts that will later make up the basis of the business model.
These concepts ensures uniformity in the activities of the business.
For example he can decide to break down business activities into 3 departments.