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Bezzdna [24]
2 years ago
15

An examplepf a cost would be O profit revenue Ofire O salaries

Business
1 answer:
scoundrel [369]2 years ago
3 0
I Think it’s Profits
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On January 1, 2016, Hess Co. purchased a patent for $1,904,000. The patent is being amortized over its remaining legal life of 1
levacccp [35]

Answer:

$1,305,600

Explanation:

Date of acquisition = Jan, 1 2016

Cost of purchase = $1,904,000

Initial useful life - 15 years

Initial amortization - 1904000/14

= $126,933

Date of review of amortization policy -2019

Accumulated amortization before 2019 -126,933.33*3=380800

Remaining useful years at December 2019 7

Amortization in 2019 =1904000-380800/7 =217,600

Carrying value at December 2019 = 1904000 - (380800 +217600) =1305600 Please note that change in amortization policy can only be applied progressively and not retrospectively

3 0
3 years ago
A person buys X in one market and combines it with Y purchased in another market. The combination of X and Y gives Z, which the
Sindrei [870]

Answer:

arbitration

Explanation:

Arbitration occurs when the price of a security or a commodity varies significantly between different markets. For example, I purchase gold in the United Kingdom at a lower price than in the United States, and I bring it to the United States and make a profit. Arbitration opportunities result from market inefficiencies and a lack of a single price.

8 0
3 years ago
Sheldon and Morton formed a partnership with capital contributions of $80,000 and $40,000, respectively. Their partnership agree
Anastaziya [24]

Answer:

The answer is:

Sheldon: $39, 500;     Morton: $50, 500

Explanation:

A partnership is a binding agreement between two or more parties to carry on a business. The sole purpose of this agreement is to share skills and expertise so as to generate a profit. In a partnership, the partners have unlimited liability meaning that if the business established by the partners in unable to repay creditors, the creditors are legally allowed to seize the personal assets of the partners to cover the debts owing. However, in accounting for financial performance, the business is considered to be a separate entity (exists independent of the partners). Sheldon and Morton have established a profit-sharing arrangement that compensates Sheldon for the capital contribution (larger interest share) and Morton for his contributions to the business operations (larger salary share). The profit after these deductions is shared equally between the 2 partners. Assuming the given net income is after operations but before partner deductions, the share of the partners is calculated as follows:

                               Sheldon                           Morton

Interest                   $8,000                              $4,000

Salaries                  $10,000                             $25,000

Profit share            <u>$21, 500 </u>                           <u>$21, 500</u>

Total share            <u>$39, 500</u>                            <u>$50, 500</u>

Interest        (10% * $80, 000)                           (10% * $40, 000)

Profit share (50% * $43,000)                           (50% * $43,000)

Net Profit Share: $90, 000 - $(8,000 + 10,000 + 4,000 + 25,000)= $43,000

                     

8 0
3 years ago
A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

7 0
3 years ago
Regulatory policy is a balance between ___________________ safety and ____________________ rights.
Lana71 [14]

Answer:

protecting

constitutional

Explanation:

7 0
2 years ago
Read 2 more answers
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