1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleksandr [31]
3 years ago
14

What is the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied

Business
1 answer:
jeka57 [31]3 years ago
8 0

Answer:

$1,609,000

Explanation:

Calculation to determine the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied

First step is to calculate the Unrecorded Patents Amortization

Unrecorded Patents Amortization

=$1,400,000-[($6,400,000 - $3,000,000)×30%] /10 years

Unrecorded Patents Amortization

=$1,400,000- ($3,400,000 × 30%)/10 years

Unrecorded Patents Amortization

=$1,400,000 - $1,020,000/10 years

Unrecorded Patents Amortization = $380,000 / 10 years

Unrecorded Patents Amortization= $38,000

Now let determine the Investment

Investment=$1,400,000 + $180,000 + $225,000 - $60,000 - $60,000 - $38,000 - $38,000

Investment= $1,609,000

Therefore the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied is $1,609,000

You might be interested in
What is a national budget​
alexdok [17]

Explanation:

national budget means the budget used by the nation for the development of country.

5 0
3 years ago
How krdia you have seen/used/participate in has depicted canada and how it has shaped your understanding and knowledge of the co
Akimi4 [234]

Answer:

no idea hhahahahahahahahahahahahahaha

7 0
3 years ago
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

Net sales = $217550

Opening total asset = $94200

Closing Total assets = $ 113500

Asset ratio turnover = 217550/(94200+113500)/2

=2.09

7 0
3 years ago
Which of the following statements is true about work hour
Fittoniya [83]
I think A if not than B I’m sorry if I’m incorrect
6 0
2 years ago
A company has set a low price on a new product it introduced. It wants to maximize its market share and attract a large number o
KATRIN_1 [288]

Answer:

A. Market-penetration pricing

6 0
2 years ago
Read 2 more answers
Other questions:
  • If a government is interested in knowing the total income of its citizens (including remittances, or money earned in a foreign c
    15·2 answers
  • Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. in​ response, the demand for their ban
    14·1 answer
  • Sobota Corporation has provided the following partial listing of costs incurred during August:
    13·1 answer
  • Which of the following is true of both paying with a check and paying with a debit card?
    15·1 answer
  • While visiting a coffee shop, you see a poster advertising a concert for a music group you'd love to see. You notice there's an
    12·1 answer
  • The stock of North American Dandruff Company is currently selling at $80 per share. The firm pays a dividend of $2.50 per share.
    15·1 answer
  • The challenges of promoting a new product are considered during the screening and evaluation stage of new product development.
    9·2 answers
  • Prepare for feature benefit selling
    8·2 answers
  • You have a project that costs $750000. It has a 0.30 chance of paying off $3 million and a 0.70 chance of paying off nothing. Wh
    10·1 answer
  • What were the 3 main programs president Roosevelt established to help reconstruct the US economy?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!