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Elan Coil [88]
2 years ago
5

Axcel Software began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and was

available for release to customers at the beginning of 2022. Development costs incurred prior to June 30, 2021, were $3,370,000, and costs incurred from June 30 to the product release date were $1,570,000. The 2022 revenues from the sale of the new software were $3,102,000, and the company anticipates additional revenues of $7,238,000. The economic life of the software is estimated at four years.
Amortization of the software development costs for the year 2022 would be $_____.
Business
1 answer:
erik [133]2 years ago
8 0

Answer:

$471,000.

Explanation:

Using percentage of revenue method calculating amortization rate:

$3,102,000 / ( $3,102,000 + $7,238,000 ) = 30%

The amortization of development cost of Axcel software will be the cost after 30 June 2021 when project reached technological feasibility till product release date which is $1,570,000.

Amortization of software development costs for year 2022 :

$1,570,000 * 30% = $471,000.

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A surplus can be best defined as:
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Answer:

c) Having money left over after meeting your expenses

Explanation:

Surplus refers to having an excess of something. A surplus is when a person or a country has more of an item than they require.

From the choices provided, a surplus will be having money left over after meeting your expenses. This individual has more money than they need. The surplus amount is the remainder after meeting all the expenses. In business, excess money is saved or invested to generate more income. A country with surplus products exports to other countries.

8 0
2 years ago
Perfect competition is a market in which there are​ _____ firms, each selling​ _____ product; many​ buyers; _____ to the entry o
Yuki888 [10]

Answer:

Many

Homogenous

There are no barriers

Have perfect knowledge

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods. Because there are many sellers of homogenous goods, firms are price takers.

Because there are no barriers to entry, in the long run, firms earn zero economic profit.

Because buyers and sellers have perfect knowledge of prices, price arbitrage isn't possible.

I hope my answer helps you.

7 0
3 years ago
Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha
monitta

Answer:

Duty of Loyalty

Explanation:

  • The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. .
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3 0
2 years ago
Suppose that smoking creates a negative externality. If the government imposes a per-cigarette tax equal to the per-cigarette ex
lapo4ka [179]

The after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. The correct option is C.

<h3>What is the externality of smoking?</h3>

The externalities of smoking refers to the costs imposed by smoking on people other than smokers themselves, in particular through the health effects of passive smoking and the effects of smoking on health care costs and productivity.

Therefore, The after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. The correct option is C.

Learn more about externality of smoking:

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2 years ago
Business can handle risks through which of the following
lana [24]

Answer:

offering a wide range of products

Explanation:

5 0
3 years ago
Read 2 more answers
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