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3 years ago

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

Business

1 answer:

adoni [48]3 years ago

8 0

Answer and Explanation:

The computation is shown below:

1) Calculation of the acquisition cost is

Patent = $4,000

Trademark = $210,000 + $8,500 = $218,500

Licensing Rights = $80,000

2) Computation the amortization expense is

Patent = $4,000 ÷ 10 = $400

Trademark = $218,500 ÷ 10 = $21,850

Here we assume the indefinite life of 10 years

Licensing Rights = $80,000 ÷ 5 = $16,000

Income statement:

Amortization expense $38,250 ($400 + $21,850 + $16,000)

Balance sheet at year end december:

Fixed assets

Intangibles

Patent $3600 ($4,000 - $400)

Trademark $196,650 ($218,500 - $21,850)

Licensing Rights $64,000 ($80,000 - $64,000)

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Let’s suppose you (USA dealer) imported a product from German on Dec 1, 2018 at € 300, payable in 60 days. You sold the product

Andrej [43]

Answer:

Combine profit of 2018 and 2019 is $200 + (-$100 loss) = $100 profit.

Explanation:

The value of imported product from Germany as on 1st Dec. 2018 = 300 Euro

The exchange rate as on 1st Dec. 2018 = 0.6 Euro/Dollars

The value of imported product in dollars = $\frac{300}{0.6} = 500 dollars.$

Since product sold in cash for $400 as on 15th Dec.

Since fiscal year end on 31st Dec. So, find the profit and loss.

Profit and loss = Sold price - Product price in dollars

Profit and loss = $400 - $500

Thus, loss for the year 2018 = $100

Now the dealer will pay on 1st Feb 2019 and on this date the exchange rate is 1.5 Euro/Dollars. The dealer have to pay the 300 Euro. So,on 1st Feb the value of 300 Euro in dollars will be: $= \frac{300}{1.5} = $200.$

Now, dealer will pay only $200 which is equal to 300 Euro. However, dealer had received $400 from sale. So. Profit is $400 - $200 = $200.

Thus, the loss of 2018 is $100 and profit of 2019 is $200.

Combine profit of 2018 and 2019 is $200 + (-$100 loss) = $100 profit.

8 0

3 years ago

What is the process of a decline in interest rates impacts the use of capital and economic growth.

Contact [7]

Answer:

Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In economics, capital references non-financial assets used in the production of ... used up immediately in the process of production, unlike intermediate goods ... As a term, it is used to define balanced growth where the goal is to improve human capital ... The interest rate directly impacts economic choices.

Explanation:

Hope this helps!!

7 0

3 years ago

Ramirez Company sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $4,850,000. Determine (

pogonyaev

Answer:

(a) 242,500 units

(b) 267,500 units

Explanation:

(a) Break-even point in sales units:

= Fixed costs ÷ (Selling price per unit - Variable cost per unit)

= $4,850,000 ÷ ($80 - $60)

= 242,500 units

(b) Break even point in sales units if the company desires a target profit of $500,000:

= (Fixed cost + Target profit) ÷ (Selling price per unit - Variable cost per unit)

= ($4,850,000 + $500,000) ÷ ($80 - $60)

= $5,350,000 ÷ $20

= 267,500 units

4 0

3 years ago

Which would be a negative externality of increased satellite usage worldwide?

Digiron [165]

<span>The correct option is A. One of the disadvantages of satellite usage is the cluttering of the earth orbital with hazardous debris. Satellite usage has some other disadvantages, these include: high cost, unreliable signal, propagation delay and repair. It is extremely difficult to repair a damaged satellite.</span>

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3 years ago

In case of an emergency, once you or someone already on the scene has contacted 9-1-1, the next thing to do is: A) Move them to

Lostsunrise [7]

D check for a heartbeat

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3 years ago