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Zigmanuir [339]
3 years ago
5

Which statement explains how a credit card is a form of financial exchange?

Business
1 answer:
shutvik [7]3 years ago
5 0

Answer:

A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.

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The following information relates to the intangible assets of University Testing Services (UTS): a. On January 1, 2018, UTS comp
OverLord2011 [107]

Solution:

Question #1:

Record amortisation expense for the intangible assets at December 31, 2018.  

UTS acquired a franchise on July 1, 2012, by paying an initial franchise fee of $333,000. The contractual life of the franchise is 9 years.

Dr Amortization expense - franchise 18,500 ($333,000/9 years x 6/12)

Cr Franchise 18,500

Question #2: Prepare the intangible asset section of the December 31, 2018, balance sheet.

The balance sheet contains 3 blanks: Goodwill, patents, Franchises.

Goodwill

Excess of consideration over net identifiable assets of Heinrich: $3,510,000- $3,200,000= $310,000.

Goodwill from a business combination is not amortized but tested annually for impairment.

Patents

Patents are amortized over the shorter of the legal and useful lives.

Amortization expense = $82,250/7 years = $11,750

Book value = 82,250 - 11,750 =  70,500

Franchises

Book value = $333,000- 18,500 = $314,500

intangible asset section of the December 31, 2018, balance sheet

Goodwill                $310,000

Patents                  70,500

Franchises            314,500

Total                    $695,000

4 0
4 years ago
A(n) ____________________________ exists to promote the sales of a particular manufacturer’s products.
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Captive finance company
6 0
3 years ago
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Answer the questions below regarding the heating of a house in the Midwestern United States. Assume the following.
Mandarinka [93]

a. The calculation of the requirements is as follows:

i. The cubic feet of natural gas required to heat the house for one winter is 160,000 (160,000,000/1,000).

ii. The cost of heating the house for one winter is $800 (160,000,000/1,000,000 x $5).

b. To conserve heat energy, lowering the cost of heating the house, the residents could take the following actions:

  • Turn off lights, computers, televisions, video games, and other electrical equipment when not in use.
  • Buy equipment with less energy consumption (that is, energy-saving appliances).
  • Adopt renewable energy sources.

c. i. Two pollutants resulting from burning coal are <u>Sulfur dioxide (SO2) and Nitrogen oxides (NOx)</u>.

ii. One method to reduce the impact of coal energy is carbon capture. Carbon capture separates the CO2 and recovers it for underground permanent storage or sequestration.

<h3>Data and Calculations:</h3>

Square feet of the house's living space = 2,000

Heat per square foot = 80,000 BTU

Total heat required = 160,000,000 BTU (2,000 x 80,000)

Cost of natural gas per thousand cubic feet = $5

Cubit foot of natural gas = 1,000 BTUs of heat energy

Total cost of heating = $800 (160,000,000/1,000,000 x $5)

Learn more about the cost of heating here: brainly.com/question/3858176

7 0
3 years ago
Explain one situation when you will use these two pricing strategies penetration pricing and skimming prices
Dominik [7]

Answer:

An electronic news portal that offers one complimentary month for something like a free trial service or an institution that offers a free bank account for 6 months are both instances of penetration pricing.

A pricing technique known as price skimming is establishing a premium charge when other rivals enter the market. For instance, the Playstation 3 was initially priced at $599 in the United States, but has now been lowered to around $200.

5 0
3 years ago
How are classical approaches different from contemporary approaches
earnstyle [38]

Answer:

what i don't understand the question

5 0
3 years ago
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