Answer:
$5,100
Explanation:
Intangible assets are amortized using the straight line method. Originally the amortization was $3,600 per year (= $18,000 / 5). During the first half of 2017, the company had amortized $1,800, and book value was $9,000 for the next 2.5 years.
On July 1st, the legal fees must be added to the book value = $9,000 + $7,500 = $16,500. The new amortization value is $6,600 per year (for 2018 and 2019) and $3,300 for the remaining half year of 2017.
The total amortization for 2017 = $1,800 + $3,300 = $5,100
An account which is an example of an equity is: C. common stock.
<h3>What is an
equity account?</h3>
An equity account can be defined as a financial portrayal of ownership interests in a business firm, which may come from the business's earnings or payments made by stockholders and owners such as:
- Additional paid-in capital
This ultimately implies that, common stock is an account which is an example of an equity.
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Enterprise System supports business processes end to end? group of answer choices management system accounting system enterprise system functional structure document system.
Enterprise system basically helps in taking care of all the operations as well as processes of the organisation.
What is Enterprise system?
- These are said to be known as the software packages used by the organisations which helps them in controlling as well as managing the complex processes as well as operations of the enterprise.
- This system leads to better performance, better accuracy as well improvement in coordination, planning, etc.
- It also helps in having easier access as well as coordination in the management systems and also leads to enhanced reports of the organisation.
- The three basic types of enterprise system include:
- Enterprise Resource Planning
- Customer Relationship Management
- Supply Chain Management.
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Bridget, the youngest owner of a family-owned restaurant, wants to make sure her company’s culture is embedded in their organization. In a recent trade show workshop, she learned that she can do this by having company rites and rituals, continuing to tell stories about company legends, and being a role model to her employee - True
<h3><u>
Explanation:</u></h3>
The expectations, philosophy and the values and experiences that an organisation has refers to the culture of an organisation. This is unique to each and every firm. These are considered as an important values that can be used as a guide in making the employees of an organisation to know about the expectations and the inner working of the particular organisation.
Culture of any organisation plays a major role in influencing the people who are working in it. In the given example, Bridget who is a owner of a restaurant want to make sure that the culture and values of the organisation are embedded within it. Thus, she also tells stories about the legends so that the employee can consider them as their role model.
Answer:
Economic Profit of Victor would amount to -$25,000
Explanation:
The formula to compute the economic profit is as follows:
Economic Profit (EP) = Total Revenue - (Opportunity Cost + Explicit Cost)
where,
Revenue is $150,000
Opportunity Cost is $100,000
Explicit Cost is $75,000
By putting the values in the formula
EP = $150,000 - ($100,000 + $75,000)
= $150,000 - $175,000
= -$25,000