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kolbaska11 [484]
3 years ago
7

Intangible assets that have an indefinite useful life:

Business
1 answer:
saw5 [17]3 years ago
8 0

Answer:

d. All of these answer choices are correct.

Explanation:

Intangible assets with an indefinite life are not amortized over the years although they are checked impairment loss that may have occurred during the year.

Intangible assets which have indefinite life provide cash flow for endless years. An example would be goodwill.

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Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $20 per pound and costs $15.75
Vedmedyk [2.9K]

Answer:

a. Differential revenue = $18 per pound

Explanation:

Differential revenue refers to additional revenue per unit.

Current revenue per unit = $20 - $15.75 = $4.25 per unit on Product J

When it will be further processed to form Product D

Net proceeds to be realized from each unit of product D = $38

Net revenue = $38 - $24.30 = $13.7

Additional or differential revenue = $38 - $20 = $18 per unit

As for $20 selling price the revenue was recognized earlier now additional revenue = $38 - $20 = $18 per pound

Note: Revenue is the proceeds from sale and not the net profit.

Differential revenue = $18 per pound

6 0
3 years ago
You are making omelets. How should you handle the eggs to keep omelets safe?
bixtya [17]

I believe the answer is: 4).Take out only the number of eggs you expect to use in a short period of time and crack them as needed

If we leave the eggs out of the refrigerator a long period of time, we would risk the egg becoming spoiled and can no longer be usable.   Because of this we shall not take more than we need and we must used the egg as soon as it is taken our and cracked.  (so the bacteria have no time to spoil the egg)

4 0
3 years ago
Read 2 more answers
The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:
Natalija [7]

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

6 0
3 years ago
A company's assets include patents, copyrights, and technology that are superior to those of the competition.
ankoles [38]

Answer: False

Explanation: Patents, copyrights ans technology are intangible assets, that is, those assets that do not have any physical existence, and these assets must be included in the balance sheet of the company whether they are superior to those of the competition or not.

Hence, from the above explanation we can conclude that the given statement is incorrect.

4 0
3 years ago
The largest type of municipal bonds outstanding is ________. Group of answer choices revenue bonds industrial development bonds
Ierofanga [76]

Answer:

revenue bonds

Explanation:

A revenue bond is a Municipal bond used to fund projects that yield income and are secured through a particular source of revenue.

Characteristics of revenue bond.

1. It takes long time to maturity.

2. It yields more returns than the general obligation bond.

The purpose of a revenue bond is so that government can finance projects that generates income such as toll roads, airports, seaports, electricity projects, water projects etc.

6 0
3 years ago
Read 2 more answers
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