Answer:
The amount of amortization expense each year is $500,000.
Explanation:
This can be calculated as follows:
Patent original cost = $3,000,000
Salvage value after 5 years = $500,000
Number of years to use before selling it = 5 years
Therefore, we have:
Annual amortization expense = (Patent original cost - Salvage value after 5 years) / Number of years to use before selling it = ($3,000,000 - $500,000) / 5 = $500,000
Therefore, the amount of amortization expense each year is $500,000.
Answer:
sales is $2,500,000
Explanation:
The target sales for the company to achieve a net income of $450,000 in the current year equals the net income plus variable cost plus the fixed costs.
To understand this better,let us use the net income formula:
net income=sales-variable costs-fixed costs
by changing the subject of the formula,we the formula for sales:
sales=net income+variable costs+fixed costs
variable costs=sales*70%=0.7 sales
sales=$450,000+$300,000+0.7 sales
sales-0.7 sales=$750,000
0.3 sales=$750,000
sales=$750,000/0.3=$2,500,000
Based on the number of people that are employed and those who are unemployed in this town, the unemployment rate is 14.4%.
<h3>What is the unemployment rate?</h3>
The unemployment rate can be found by the formula:
= Employed people / (Unemployed + Employed people)
Solving gives:
= (11,000) / (65,400 + 11,000)
= 11,000 / 76,400
= 14.4%
In conclusion, the rate is 14.4%.
Find out more on the unemployment rate at brainly.com/question/13280244.
Answer:
Find attached question with multiple choices
The third option ,72,000 shares, is the correct answer.
Explanation:
A stock split refers to redenomination of shares by increasing the number of shares and proportionately reducing the number par value per share.
A 3-1 share split means that one prior share now commands three shares while the price of one share is apportioned between the three shares
Robinson now 3/1*24,000 shares=72,000 shares
One previous share was $1 par value but the three new shares would $1/3=$0.33 per share instead of the previous $1 par value
