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andriy [413]
3 years ago
11

Stannum Records obtains two intangible assets in a business acquisition: legal rights to reproduce songs, valued at $5 million,

and a trademark valued at $1 million. The trademark expires in 10 years and can be renewed at a minimal cost. Stannum estimates a 5-year useful life for the song rights. Because much of the songs' economic value is realized in their early years, Stannum uses double-declining balance amortization. Amortization expense in the first year after the acquisition is closest to: $2.1 million. $2.2 million. $2.0 million.
Business
1 answer:
borishaifa [10]3 years ago
8 0

Answer:

$2 million

Explanation:

Calculation to determine what Amortization expense in the first year after the acquisition is closest to:

First year Amortization expense after acquisition = 2/5 × $5 million

First year Amortization expense after acquisition = $2 million

Therefore Amortization expense in the first year after the acquisition is closest to: $2 million

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Using the following information, determine the location quotient for Motor City: employment in motor vehicle manufacturing withi
ValentinkaMS [17]

Answer:

15.7

Explanation:

In this question we have the following information

Employment in Motor Vehicle manufacturing within city = 12643

Total employment in motor city = 560379

Total individual employment = 152750

Total employment = 106201232

We get the location quotient as

(12643/560379)/152750/106201232

0.02256/0.001438

= 15.69

This is approximately

15.7

Therefore the location quotient = 15.7

7 0
3 years ago
Watchdog over spending of funds
Minchanka [31]
<span>General Accounting Office (GAO) </span>
5 0
4 years ago
The internet service provider industry in the country of Megalopolis is an industry characterized bythe presence of strong netwo
soldier1979 [14.2K]

Answer:

The correct answer is letter "B": threat of new entrants is most likely low.

Explanation:

According to American Harvard professor Michael Porter (born in 1947), the Five Forces determine the competition in a market: <em>competition in the industry, the threat of new entrants into the market, bargaining power of suppliers, bargaining power of customers, </em>and <em>the threat of substitutes</em>.  

The threat of new entrants is stronger if the product of a given market is undifferentiated and does not offer any competitive advantage for consumers. Besides, the less established a company is, the more likely new entrants will appear with the intention of taking over the market.

Therefore,<em> if the internet service provider of Megalopolis has high brand loyalty, economies of scale, and proprietary technology it implies the firm offers differential advantages to its clients and that the firm is well-established. New entrants' threat is low under these circumstances.</em>

5 0
4 years ago
You decide to open a savings account, and you notice a sign in your bank that indicates deposits are fdic insured. what protecti
GalinKa [24]
The reason for the FDIC, then, is to protect investment accounts against future bank disappointments. At present, reserve funds stores are guaranteed against such disappointments up to a furthest reaches of $250,000, in this way guaranteeing the larger part of individual bank accounts are secured.
4 0
4 years ago
Read 2 more answers
The Miller Company earned $111,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl
Molodets [167]

Answer:

$31,670

Explanation:

Given that,

Revenue earned on account during Year 2 = $111,000

Cash collected from its receivables accounts during Year 2 = $76,000

Uncollectibles:

= 3% of its sales on account

= 0.03 × $111,000

= $3,330

Net realizable value of Miller's receivables at the end of Year 1:

= Revenue earned on account - Cash collected from its receivables accounts - Uncollectibles

= $111,000 - $76,000 - $3,330

= $31,670

5 0
3 years ago
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