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2 years ago

Bluestone Company had three intangible assets at the end of the current year:

Business

1 answer:

ra1l [238]2 years ago

8 0

Answer:

Bluestone Company

a. The acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. The amortization of each intangible asset for the current year ended December 31:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

c. Balance Sheet as of December 31, of the current year:

Intangible Asset:

a. Patent $3,600

b. Trademark 8,000

c. Licensing Rights 90,000

Total Intangible $101,600

less amortization 15,300

Net book value $86,300

Income Statement for the year ended December 31 of the current year.

Amortization Expenses:

a. Patent $300

c. Licensing Rights $15,000

Explanation:

a) Data and Analysis:

a. Patent $3,600 Cash $3,600

b. Trademark $8,000 Cash $8,000

c. Licensing Rights $90,000 Cash $90,000

a. Acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. Amortization of each intangible asset:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

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Sedbober [7]

Answer:

tractor 35,127,42 debit

note payable 32,172.42 credit

cash 3,000 credit

--to record issuance--

Note payale end of 2018

39,584.19

note payables at Dec 31th

Note payable at the end of 2019

39,584.19

note payables at Dec 31th

Explanation:

As the note has zero.interest we discount the note to get the present value:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $44,000.0000

time 3.00

rate 0.11

$\frac{44000}{(1 + 0.11)^{3} } = PV$

PV 32,172.42

The difference will be a discount that will acrrue interest overtime.

the truck will enter the accounting net of interest charges thus:

3,000 downpayment + 32,127.42 = 35,127.42‬

interest will be: 32,127.42 x 1.11 = 32,127.41

Then, do the same for 2019

(32,127.41 + 3,532.0162) x 1.11 = 39,584.19

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3 years ago

A consultant predicts that there is a 25 percent chance of earning $500,000 and a 75 percent chance of earning $100,000. The exp

antiseptic1488 [7]

Answer:

$173,205

Explanation:

According to the scenario, computation of the given data are as follows:

Given data:

Earning (X1) = $500,000

Chances of X1 (Y1) = 25%

Earning (X2) = $100,000

Chances of X2 (Y2) = 75%

Expected Profit (Z) = $200,000

Formula for solving the problem are as follows:

Standard deviation = [ (X1 - Z)^2 × Y1 + (X2 - Z)^2 × Y2 ]^1/2

By putting the value in the formula, we get

Standard deviation = [ ($500,000 - $200000)^2 × 0.25 + ($100,000 - $200,000)^2 × 0.75 ]^1/2

= [ $22,500,000,000 + $7,500,000,000 ]^1/2

= ($30,000,000,000)^1/2

= $173,205.08 or $173,205

Hence, $173,205 is the correct answer.

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3 years ago

For each of the following products, indicate whether you believe demand will be relatively price elastic or relatively price ine

insens350 [35]

Answer:

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3 years ago

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Setler79 [48]

Answer:

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How did the captains of industry like j. p. morgan respond to signs that the stock market was about to collapse?

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