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Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What

sweet-ann [11.9K]

I would say c. i hope this helps

4 0

3 years ago

Read 2 more answers

Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on

german

Answer:

Acquisition cost

a. Patent: $6,000

b. Trademark: $4,000

c. Computer licensing rights: $42,000

2. Amortization for current year

a. Patent: $500

Annual Amortization charge = Cost / Estimated life = $6,000 / 12 = $500

b. Trademark: $0. Since it has an indefinite life.

c. Computer licensing rights: $7,000

Annual Amortization charge = Cost / Useful life = $42,000 / 6 = $7,000

3. Balance Sheet (Partial)

Assets

Intangible Assets=$44,500

($6,000 + $4,000 + $42,000 - $500 - $7,000)

Income Statement (Partial)

Under Continuing operations

Amortization expense=$7,500

6 0

3 years ago

A firm currently produces 3,500 units of output per week. After an additional worker is hired, output rises to 3,750 units per w

MrRissso [65]

Answer:

C. $2

Explanation:

The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:

3,750-3500= 250

With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:

250 units ⇒ $500

1 unit ⇒ x

x=( 1*500)/250= 2

The firm's short-run marginal cost is $2.

4 0

3 years ago

Upon a second and third offense, a driver can be charged $25 dollars for not maintaining adequate insurance coverage, $160 for r

xz_007 [3.2K]

If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

<h3>What is Road traffic offense?</h3>

A road traffic offense refers to any act that violated the Road traffic rule.

Some road traffic offense apportioned for a typical road traffic offense includes:

suspension of driver license
fines etc

In conclusion, If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

Read more about road traffic offense

<em>brainly.com/question/1138029</em>

8 0

2 years ago

llini Inc. incurred a material loss that was unusual in character. This loss should be reported as: a. a line item between incom

Savatey [412]

Answer:

The correct answer is letter "B": a line item within income from continuing operations.

Explanation:

Unusual items are those not inherent in the operations of a business. Examples of unusual in character items are plant shutdown costs, costs from acquiring other businesses, or losses due to ti natural disasters. Unusual items according to the Generally Accepted Accounting Principles (GAAP) must appear in the income statement. Though, they appear in separate lines like items to give a better idea of the transactions a company incurs given a period.

Thus, <em>losses incurred as an unusual character will have to be registered in the income statement in the operating income section.</em>

8 0

3 years ago