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Pani-rosa [81]
3 years ago
7

On January 1, 2017, Desert Company purchased a copyright for $2,500,000, having an estimated useful life of 16 years. In January

2021, Desert paid $326,927 for legal fees in a successful defense of the copyright. Copyright amortization expense for the year ended December 31, 2021, should be?
Business
1 answer:
Harlamova29_29 [7]3 years ago
3 0

Answer:

$183,493.91

Explanation:

The computation of the amortization expense is shown below:

but before that following calculations are needed

The Amortization cost per year is

= $2,500,000 ÷ 16 years

= $156,250

Now the legal fees per year

= $326,927 ÷ 12 years

= $27243.92

Now the amortization expense is

= $156,250 + $27243.92

= $183,493.91

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Weighted Average Cost Flow Method Under Perpetual Inventory System
Fudgin [204]

Answer and Explanation:

The computation of the cost od merchandised sold for each sale and the inventory balance after each sale is presented in the attachment below;

The perpetual inventory is the system which updated the inventory as on a regular basis

While on the other hand,  the weighted average cost method is the method in which the average cost is calculated after each every purchase is made

In the calculation below:

1. The weighted average cost of $30.90 come from

= (Total inventory cost) ÷ (Total quantity)

= ($180,000 + $1,674,000) ÷ (60,000 units)

= $30.90

1. The weighted average cost of $31.60 come from

= (Total inventory cost) ÷ (Total quantity)

= ($463,500 + $674,100) ÷ (36,000 units)

= $31.60

6 0
4 years ago
To differentiate its candy from that produced by other candy manufacturers, the manufacturer of Green & Black brand confecti
mestny [16]

Answer:

<em>B. Unique selling proposition</em>

Explanation:

The scenario which is been presented in the question is the example of "Unique selling proposition"

Because in "Unique selling proposition", the companies use a unique method to attract and convince the customers to buy and use the product of the particular company.

So, we can see that <em>manufacturer of Green & Black brand confections uses</em> unique method to attract and convince the customers to buy and use its product, the method is known as <em>"Unique selling proposition".</em>

8 0
3 years ago
Lauren plans to deposit $5000 into a bank account at the beginning of next month and $175/month into the same account at the end
Serhud [2]

Answer:

$12,053.86

Explanation:

The easiest way to calculate this is using an excel spreadsheet and the future value function. Using the FV function =FV(rate,nper,pmt)

  • rate = 3%/12 = 0.25%
  • nper = 36
  • pmt = 175

This function will give us the future value of the annuity =FV(0.25%,36,175) = $6,583.60

Now we must add the future value of the original $5,000:

future value = $5,000 x (1 + 0.0025)³⁶ = $5,470.26

total future value = $6,583.60 + $5,470.26 = $12,053.86

if you do not want to use an excel spreadsheet, you can use the following formula:

F = P x ([1 + r]ⁿ - 1 )/r

F = 175 x [(1 + 0.0025)³⁶ - 1] / 0.0025 = $6,583.60

the answer will be the same

3 0
3 years ago
Monetary policy could be procyclical if the Federal Reserve: a) is late recognizing that a recession has begun and conducts expa
gladu [14]

A) is late recognizing that a recession has begun and conducts expansionary monetary policy.

6 0
4 years ago
What are the different types of economic measurements used to analyze most economies
Nata [24]

Answer:

The levels of poverty.

Exchange rate.

The productivity of laborers.

National debt/The total borrowings of the government.

Inequality in Income.

Real Disposable Income

The Misery Index.

Explanation:

The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

7 0
3 years ago
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