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Sedaia [141]
3 years ago
5

Golden Company has a binding commitment from another company to purchase its copyright at the end of the asset's useful life. Th

e agreed upon amount is $150,000. When calculating copyright amortization, Golden Company should utilize a residual value of
Business
1 answer:
Pepsi [2]3 years ago
6 0

Answer:

$150,000

Explanation:

Given an intangible asset like a copyright, it is amortized using the straight-line method, thus, to determine the amount of amortization in a given year, the formula is to divide the copyright's value by the length of its useful life.

However, in this case, since the Golden Company has a binding commitment from another company to purchase its copyright AT THE END of the asset's USEFUL LIFE, then, the value of the copyright equals zero.

What this simply means is that, when calculating copyright amortization, Golden Company should utilize a residual value of $150,000, because the value of the copyright at that moment equals zero.

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Assume you sell short 100 shares of common stock at $50 per share, with an initial margin at 50%. The stock paid no dividends du
son4ous [18]

Answer:

40%

Explanation:

Initial amount invested  = $50 × 100 × 50% = $2,500

Profit from sale and repurchase = ($50 - $40) × 100 = $1,000

Rate of return = $1,000 ÷ $2,500 = 0.40, or 40%.

Therefor, the rate of return would be 40%.

4 0
3 years ago
A tire manufacturer has recently discovered that numerous lots of tires
Ugo [173]

Answer:

A. The Manufacturer

Explanation:

A PEXXX

5 0
2 years ago
The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% yield to maturity. Holmes believes it could issue ne
Marina86 [1]

Answer: 8.45%

Explanation:

From the question, we are informed that Holmes Company's currently has an outstanding bonds and has a 8% coupon and a 13% yield to maturity.

We are further told that Holmes believes it could issue new bonds at par that would provide a similar yield to maturity and that its marginal tax rate is 35%.

Holmes's after-tax cost of debt will therefore be calculated as:

= Yield to maturity × (1 - Marginal tax rate)

= 13% × (1 - 35%)

= 13% × (65%)

= 0.13 × 0.65

= 0.0845

= 8.45%

7 0
3 years ago
Which one of the following is​ true?
Sedaia [141]

Answer:

Option A is correct

Explanation:

Customer are defined by the purchase because purchase is the attribute that makes a person or people a customer to a particular product for sale, it can also be refered to as business to customer relationship.

7 0
3 years ago
what is the term for a group of project activities that are assigned to a single organizational unit?
ElenaW [278]
Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer.
5 0
2 years ago
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