Answer: Copyright 1 - $0
Copyright 2 - $30000
Explanation:
Copyright 1 shouldn't be reported on the balance sheet. This is because the cost with regards to internally developed copyright will have to be expensed. Therefore, copyrights 1 on the balance sheet will be $0.
Copyright 2 will be reported on the balance sheet with a value of $30000. The copyright's cost of acquisition will have to be capitalized.
Answer:
C: reduce; increase
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Answer:
The cost of the batch amounts to $350
Explanation:
Cost of the batch is the expense or cost which is incurred in order to make the product or good in order to earn profit.
The cost of the batch is computed as:
Cost of batch = Direct material + Direct Labor
where
Direct material is $200
Direct Labor is computed as:
Direct labor = Hours × Rate per hour
= 10 × $15
= $150
Putting the values above:
Cost of batch = $200 + $150
Cost of batch = $350
Answer:
Profit making and survival
Explanation:
The main objectives that a business might have are: Survival – a short term objective, probably for small business just starting out, or when a new firm enters the market or at a time of crisis. Profit maximisation – try to make the most profit possible – most like to be the aim of the owners and shareholders.
Answer:
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Explanation:
