1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksana_A [137]
2 years ago
14

In 2020, Sunland Corporation incurred research and development costs as follows: Materials and equipment $116000 Personnel 13600

0 Indirect costs 176000 $428000 These costs relate to a product that will be marketed in 2021. It is estimated that these costs will be recouped by December 31, 2023. The equipment has no alternative future use. What is the amount of research and development costs that should be expensed in 2020
Business
1 answer:
wariber [46]2 years ago
4 0

Answer:

$428,000

Explanation:

The amount of research and development costs that should be expensed in 2020  is as calculated below

The amount of research and development costs = Materials and equipment cost + Personnel cost + Indirect costs

The amount of research and development costs = $116,000 + $136,000 + $176,000

The amount of research and development costs = $428,000

You might be interested in
Explain how each of the following was key to industrialization: (a) coal, (be) iron, (c) better methods of transportation.
Ronch [10]
Coal was key to industrialization because it was used as fuel to run the factories. Iron was crucial for developing a wide array of tools and machinery. It was also important for the creation of railroads.The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances.There were three main types of transportation that increased during the Industrial Revolution: waterways, roads, and railroads.Transportation was important because people were starting to live in the West. During this time period, transportation via water was the cheapest way to move
4 0
3 years ago
1. The pre-emptive right of a common stockholder is the right toa. share proportionately in corporate assets upon liquidation.b.
FromTheMoon [43]

Answer:

<em>The pre-emptive right of a common stockkolder is the reight to share proportionately in any new issues of stock of the same class. Letter B</em>

Explanation:

The pre-emptive right is a right belonging to existing shareholders of a corporation to avoid a involuntary dilution of their ownership stake by giving them the chance to buy a proportional interest of any future issuance of common stock.

4 0
3 years ago
Piscataway National Bank pays compound interest on savings accounts, but at different rates depending on the amount of the accou
Natasha2012 [34]

Answer:

It will take 4.2 years

Explanation:

The amount due in the future when a sum of money is invested at a particular interest rate for certain number of years is called Future or compound value.

To calculate the compound value, we use the formula below:

FV = PV * (1+r)^n

FV- future value, PV - Present value, r - interest rate, n - number of years

In this question,

FV - 15,000, PV- 5000, r -3%, n- ?

Substituting this value we have:

15,000 = 5000 × (1+0.03)^n

15000 = 5000 ×  1.03^n

1.03^n = 15,000/5000

1.03^n = 3

log 1.03^n = Log 3

n = Log 3/log 1.03

n = 4.18735

It will take about 4.2 years for the account to reach $15,000

3 0
3 years ago
Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include
Katena32 [7]

Answer: $672,000

Explanation:

Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.

The Consolidated balance for land in 2020 will therefore be calculated as,

= (Porter land value - Sales price) + (Simi land value + Sales price)

= (416,000 - 65,000) + (256,000 + 65,000)

= 351,000 + 321,000

= $672,000

The book value of the Consolidated land will be $672,000 in 2020.

3 0
3 years ago
The value of an investment increases by 0.05 % each day. by what percent does it increase in a year?
iVinArrow [24]
18.25%

0.05% x 365 (days in a year) 

5 0
3 years ago
Other questions:
  • Overall levels of income, employment, and prices are determined by the spending and production decisions of all of the following
    11·1 answer
  • Scholastic Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alter
    13·1 answer
  • All vehicles must yield the_______of way to avoid collision.
    5·2 answers
  • 1.Will expansionary monetary policy cause crowding out of investment in a large country in a global economy with flexible exchan
    8·1 answer
  • Stacy is in her first year of high school. She wants to be starting on the varsity basketball team by her third year in high sch
    13·2 answers
  • Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Raw Materials Invent
    7·1 answer
  • Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $305,000, vari
    11·1 answer
  • What is the title of the Access form shown above? frmBasic tblRetailer 0001 Spice World
    9·1 answer
  • Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information for its year end
    11·1 answer
  • ECONOMICS-NEED THIS DONE BY TODAY-100PTS
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!