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Anna71 [15]
3 years ago
14

In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round

dice. The cumulative patent amortization prior to 2021 would have been $18 million higher had the new life been used. Barney's tax rate is 25%. Barney's retained earnings as of December 31, 2021, would be:
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer: unaffected

Explanation:

We should note that a retrospective adjustment isn't necessarily needed when there's an alternation to a accounting estimate.

With regards to this Barney's retained earnings as of December 31, 2021, would neither be understated or overstated but would be unaffected.

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If an increase occurs in the demand for the output of industry A, we would expect all of the following to happen except:A. an in
ruslelena [56]

Answer:

The correct answer is option B.

Explanation:

The total revenue and profits of the industry as the price level  increases with increase in the demand.

When there is an increase in the demand for the output of an industry, that industry will increase the production to match the increase in the demand. The increase in production will cause output level to increase.

In order to produce more output the industry will require more inputs, so the demand for inputs will increase.

An increase in the demand for inputs will be accompanied by increase in their prices.

There will not be any decline in the price of inputs.

3 0
3 years ago
An accountant increases the price he charges for his services by 2 percent. In​ response, the demand for his services decreases
Rashid [163]

Answer:

Decrease

Explanation:

The reason is that the price and demand are inversely proportional so if the price has been increased then the demand of the product will be decreased. Take the example of Bugatti Chiron, the price of the car is $19 million and total number of people that own is in tens this is because the buyers are less in quantity due to higher prices of the product. Same is the case here, if the accountant is going to charge high then his revenue will drop due to lower people are willing to buy its services.

4 0
3 years ago
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 pe
umka21 [38]

Answer:

50%

Explanation:

Given: Selling price= $120 per unit.

          Variable cost= $60 per unit.

First computing contribution margin.

Contribution margin= Selling\ price\ per\ unit - variable\ cost\ per\ unit

⇒ Contribution margin= \$120 - \$ 60

∴ Contribution margin=  \$ 60

Now, calculating the contribution margin ratio.

Contribution margin ratio= \frac{Contribution\ margin}{selling\ price\ per\ unit}

⇒ Contribution margin ratio= \frac{\$ 60}{\$ 120} \times 100

∴ Contribution margin ratio= 50\%

Hence, the product´s contribution ratio is 50%.

7 0
3 years ago
1. "If bonds of different maturities are close substitutes, their interest rates are more likely to move together." Is this stat
Alecsey [184]

Answer:True

Explanation:

A bond is a debt Security issued either by large companies or Governments in order to raise money for capital projects. A Bond usually have maturity date(the date at which the bond will yield it interest or profit).

WHEN BONDS OF DIFFERENT MATURITIES ARE CLOSE SUBSTITUTES, WHEN THE INTEREST RATE OF ONE OF THE BONDS INCREASE,THE INTEREST RATE OF ITS CLOSE SUBSTITUTES WILL INCREASE BECAUSE THE EXPECTED RETURNS OF BOTH ARE NOT EXPECTED TO BE OUT OF THE NORMAL.

5 0
3 years ago
What are the largest asset and the largest liability of a typical​ bank? A. Loans are the largest liability and deposits are the
Eddi Din [679]

Answer:

D. Loans are the largest assets and deposits are the largest liabilities

Explanation:

Banks represent financial institutions wherein customers can either save their money or borrow money. Banks ideally serve as an intermediary between borrowers and lenders.

Banks avail funds from the lenders who want to deposit and keep their money safe. Such depositors are paid an interest on the money deposited. Out of the pool of funds created through such deposits, a bank lends these funds to the borrowers who are in need at a rate higher than the rate it provides to it's depositors.

Thus, the money granted as loan to the borrowers by a bank represent it's largest assets, which it will receive in future. While deposits, which the bank has to return to the depositors upon demand, represent a bank's largest liabilities which it must meet.

5 0
4 years ago
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