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3 years ago

Match the following intangible assets to their definitions by writing the respective alphabet (A-E) on the line.

Business

1 answer:

pishuonlain [190]3 years ago

6 0

Answer:

a. Patents: 3.

b. Goodwill : 2

c. Trademarks and trade: 1

d. Franchises and licenses: 5

e. Copyrights :5

Explanation:

a. Patents: 3. A patent is a group of rights of an invention given for a period of time, normally to its inventor in order to sell, produce and use his product with exclusivity leaving aside the competitors.

b. Goodwill : 2 the goodwil in business is calculated as the adquisitoin cost of a business minus the intangible and tangibles assets and liabilities obtained in the purchases

c. Trademarks and trade: 1 A trade mark is a logo, drawion, word or phrase tahat identifies a product or a services among others.

d. Franchises and licenses: 5 Is a type of business (for example Mc Donald's) where one (the franchisor) gives the fanchisee the right to use it's trademark and business model and processes in exchange of licensing fees.

e. Copyrights :5 the copyrights protects tha author of an artistic work in order not to be reproduced without its permission

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Dahasolnce [82]

Answer:

$33,000

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However, if the taxpayer had adjusted gross income in excess of $150,000 in the prior year, 110% of the prior year's tax liability is used to compute the safe harbor for estimated payments. (Previous year's tax $30,000 x 110% = $33,000).

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3 years ago

In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following c

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Answer:

POAR= 170% of the direct material cost.

Explanation:

Explanation:

The predetermined overhead absorption rate (POAR: The overhead absorption is a rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures

The rate is computed as follows:

Predetermined overhead absorption rate

POAR

= (Budgeted overhead for the period/Budgeted direct material cost)× 100

= $680,000/400,00 × 100

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3 years ago

What does it mean to say that individuals as a group are net suppliers of funds for financial institutions? what do you think t

lana66690 [7]

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3 years ago

Foreign currencies are traded:

pychu [463]

Answer: over the counter

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Foreign currencies are traded in over the current markets as these are highly fluctuating in values and the margins are very low in trading such securities. Therefore, to pay a mediator is not feasible while dealing in foreign currencies.

Hence from the above we can conclude that the correct answer is option B.

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4 years ago

CircuitTown commenced a gift card program in January 2021 and sold $10,000 of gift cards in January, $15,000 in February, and $1

kondaur [170]

Answer and Explanation:

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Revenue = Gift card redemption + Gift card breakage

= $6,000 + $4,000

= $10,000

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To Unearned Gift Card Revenue $10,000

(Being sale of the gift card is recorded)

2 Unearned Gift Card revenue Dr, $6,000

To Revenue - Gift Cards $6,000

(Being gift card redemption is recorded)

3. Unearned Gift Card revenue Dr, $4,000

To Revenue - Gift Cards $4,000

(Being gift card breakage is recorded)

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Only $4,000 will be recognized as revenue as it is the gift card redemption.

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Liability for deferred revenue = $16,000 - $4,000

= $12,000

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4 years ago