Answer:
The answer is: $113,000
Explanation:
By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.
The answer to the question stated above is letter A.
.The major activities of the Planning Section include: Preparing and documenting Incident Action Plans.
ADDITIONAL INFORMATION ABOUT PLANNING SECTION
>Planning section includes the following major activities:
<span> -Collect, evaluate, and display incident intelligence and information.
-Prepare and document Incident Action Plans.
-Track resources assigned to the incident.
-Maintain incident documentation.
<span> -Develop plans for demobilization.</span></span>
Answer:
Risk-free rate decreases
Explanation:
The CAPM formula for calculating cost of equity requires one to know the value of 3 pieces of information only:
1. the market rate of return,
2. the beta value
3. the risk-free rate.
Ra = Rrf + [Ba∗(Rm−Rrf)]
where:
Ra=Cost of Equity
Rrf = Risk-Free Rate
Ba = Beta
Rm=Market Rate of Return
From the formula
Ra = Rrf + [1.2∗(Rm−Rrf)]
Ra = Rrf + 1.2Rm - 1.2Rrf
From Ra = 1.2Rm -0.2Rrf
From the expression above, it can be seen that the lower the value of Rrf (Risk-Free rate), the higher the value of Ra.
Answer:
1 EUR = 120 JPY
Explanation:
As the purchasing power parity theory, the exchange rate of currency 1 to currency 2 = Cost of good in currency 1
/ cost of same valued item in currency 2
In this case, a Lexus LS400 and a Mercedes C300 are considered to be of equivalent value, then the exchange rate between the yen and the euro
= price of Lexus in Tokyo/ price of Mercedes in Stuttgart
= 6,000,000 JPY/ 50,000 EUR
= 120 JPY/EUR
Answer:
The Final Step is 'post to a trial balance so financial statements can be prepared'
Explanation:
The accounting cycle has, in most theory analysis, 8 steps that will serve to record and process all financial transactions of a company, beginning at the transactions itself and ending at resetting the balance so a new cycle can begin. The steps are:
1) The occurrence of Financial Transactions
2) The record of those transactions in the company journal
3) The summary of all journal’s transactions in the general ledger
4) The calculation of a total balance for all accounts
5) The corrections of error in balances by the bookkeeper
6) The posting of adjustments in all accounts
7) The manufacture of financial statements using the correct balances
8) The close of revenue and expense accounts to open a new cycle
