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3 years ago

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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Which of the following types of insurance allows individuals to keep a former employer's group coverage for a set period of time

nordsb [41]

Answer:

group health insurance

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2 years ago

You have decided to open a pet store and have engaged in a contract with Dog N' Cat Centers, Inc. You and the company have drawn

podryga [215]

Answer:

franchisor; franchisee

Explanation:

Franchising is the system for the expanding business and distributing the goods and the services to meet the higher demand.

Franchisor is the big name and big company or business which offers small business for franchising in order to gain profits and expanding business.

Franchisee is small business owner who has purchased right to use existing business's trademarks and then uphold same standards as first business.

Hence, in the given case, Dog N' Cat is the franchisor and you are the franchisee.

5 0

3 years ago

The balance sheet of ABC reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The r

zimovet [89]

Answer:

ABC net income for the year is $42,500

Explanation:

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = Beginning total assets + Ending total assets ÷ 2

= ($400,000 + $450,000) ÷ 2

= $425,000

Return on assets = 10%

Therefore,

Net income ÷ Average total assets = Return on assets

Net income = Return on assets × Average total assets

Net income = 0.1 × Average total assets

= $425,000 × 0.1

= $42,500

7 0

3 years ago

Prescott Bank offers you a five-year loan for $55,000 at an annual interest rate of 7.25 percent. What will your annual loan pay

Studentka2010 [4]

Answer:

Annual loan payment = $13,146.78

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

The monthly equal installment is calculated as follows:

Monthly equal installment= Loan amount/Monthly annuity factor

Monthly annuity factor

=( 1-(1+r)^(-n))/r

r- Monthly interest rate (r)

= 7.25%/12= 0.604 %

n- Number of months ( n) in 5 years

= 12* 6 = 60

Annuity factor

= ( 1- (1.00604)^(-60)/0.00604= 50.2024

Monthly installment= 55,000 /50.2024 = $1,095.56

Monthly installment = $1,095.56

Annual loan payment = monthly installment × 12

Annual loan payment =$1,095.56 ×12=13,146.78

Annual loan payment = $13,146.78

6 0

3 years ago

Which type of market

lana [24]

government i think correct me if im rwong l

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2 years ago