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miss Akunina [59]
3 years ago
6

Select the financial statement on which the user would most likely find the answer to the question given. (Select all that apply

.) Did the company purchase any intangible assets during the year?
Business
1 answer:
xxTIMURxx [149]3 years ago
6 0

Answer: Balance sheet

Explanation:

Intangible assets are recorded in the balance sheet along with other assets. Specifically, they are recorded as fixed assets because they represent assets that last for more than a year.

To see if any intangible assets have been purchased in a year therefore, one needs to take a look at the balance sheet to see if the Intangible asset balance has increased from the previous year. If it has then some new intangible assets were purchased.

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Management at the Flagstaff Company currently sells its products for $250 per unit and is contemplating a 40% increase in the se
elena-s [515]

Answer:

393 units will need to be sold to breakeven

Explanation:

Break even point is the point where a Company makes neither makes a profit nor a loss.

Step 1 : Calculate new variables

New Sales = $250 x 1.40 = $350

Variable Costs = $250 x 30 % = $75

New Fixed Costs = $120,000 x 90 % = $108,000

Step 2 : Break even (units)

Break even (units) = Fixed Costs ÷ Contribution per unit

                               = $108,000 ÷ ($350 - $75)

                               = 393 units

Thus, 393 units will need to be sold to breakeven

8 0
2 years ago
A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production
umka21 [38]

Answer:

d.$18,900

Explanation:

Gross Profit is the net of Sales value and production cost in the period for the units sold. Under absorption costing all the direct and indirect costs incurred in the production of products are included in the total production cost. As the cost is available for 100 units produced we need to calculate the cost of 90 unit and deduct this cost from the sales value to determine the gross profit and then deduct the operating expenses to calculate the operating income.

Sales (90 units)                                                                  $90,000

Less: Production costs:

Direct materials ( $40,000 x 90/100 )              $36,000

Direct labor ( 20,000 x 90/100 )                       $18,000

Variable factory overhead ( 2,000 x 90/100 ) $1,800

Fixed factory overhead ( 7,000 x 90/100 )      <u>$6,300</u>

Total Production cost                                                       <u>($62,100)</u>

Gross Profit                                                                        $27,900

Less Operating expenses:

Variable operating expenses $8,000

Fixed operating expenses      $1,000

                                                                                          <u>($9,000)</u>

Operating Income                                                             <u>$18,900</u>

6 0
3 years ago
an investor buys a 10000 par 4.25 percent annual coupon tips security with three years to maturity. if inflation every sic month
mr_godi [17]

Answer:

the  final payment that investor would received is $11,843.36

Explanation:

The computation of the final payment that investor would received is shown below:

Adjusted face value is

= 10,000 × (1 + 2.5%)^(3 × 2)

= 11,596.93

Final payment = Coupon + adjusted principal

= 11596.93 × 4.25% ÷ 2 + 11,596.93

= $11,843.36

hence, the  final payment that investor would received is $11,843.36

8 0
3 years ago
In the northern colonies, cities sprang up
QveST [7]
The answer is C I hope this helps you
5 0
3 years ago
Bonds that hold two adjacent nucleotides together are called __________________ bonds.
Murrr4er [49]

Bonds that hold two adjacent nucleotides together are called "phosphodiester bond."

<h3>What is phosphodiester bond?</h3>

The phosphodiester bonds are created as a result of a condensation reaction between two sugar groups' phosphate and hydroxyl groups.

Some key features regarding the phosphodiester bond are-

  • The hydroxyl group is a like-group formed by bonding of one oxygen atom and a hydrogen atom.
  • The carbon that the hydroxyl group would be attached is represented by the "-."
  • Furthermore, phosphate groups are molecules that contain an atom of phosphorus covalently bonded to four oxygen atoms.
  • The phosphodiester bond is also known as the phosphoester bond.
  • A phosphodiester bond is a chemical bond formed when two hydroxyl groups throughout phosphoric acid react with hydroxyl groups on other molecules, resulting in the formation of ester bonds.
  • It can be found in the backbones of DNA and RNA.

To know more about the phosphodiester bond, here

brainly.com/question/23660733

#SPJ4

7 0
1 year ago
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