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hichkok12 [17]
2 years ago
12

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

Business
1 answer:
Dimas [21]2 years ago
7 0

Answer:

Bluestone Company

1. Acquisition cost of each intangible asset:

Patent $3,200

Trademark = $0

Licensing Rights = $70,000

2. Amortization for the current year ended December 31:

Amortization Expenses:

Patent = $200 ($3,200/16)

Trademark = $7,500 (expensed in full)

Licensing Rights = $14,000 ($70,000/5)

3. BLUESTONE COMPANY

Income Statement (partial)

For the year ending December 31

Amortization Expenses:

Patent $200

Licensing Rights $14,000

Trademark expense $7,500

BLUESTONE COMPANY

Balance sheet (partial)

At December 31

Intangibles:

Patent                       $3,200

Acc. Amortization         200    $3,000

Licensing Rights  $70,000

Acc. Amortization   14,000   $56,000

Explanation:

a) Data and Calculations:

a. Purchased patent on January 1 for $3,200 Estimated life 16 years

b. Internally developed trademark is expensed: $7,500

c. Purchasing Licensing Rights on January 1 for $70,000 for 5 years

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jenyasd209 [6]

Answer:

5,100 Consumers

Explanation:

The 17% of the total consumer recognize Flatfeet brand which means:

Consumers who recognize Flatfeet = Total Consumers * percentage of people that recognize the brand

Here

Total consumers are 30,000

And

Percentage of people that recognize the brand is 17%

By putting values, we have:

Consumers who recognize Flatfeet Brand = 30,000 * 17%

Consumers who recognize Flatfeet Brand = 5,100 Consumers

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3 years ago
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Answer:

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7 0
3 years ago
Power Inc. has two divisions, Windsor and Ridge. Following is the income statement for the past month: Windsor Ridge Total Sales
Morgarella [4.7K]

Answer:

- $ 80,000

Explanation:

The existing Power's profit margin is $0 ($41,700 - $41,700 + $0).

<u>Dropping Windsor division has the following effect :</u>

Increase in cost - opportunity cost of $ 80,000

<em>The opportunity is due to lost contribution </em>

Fixed costs are unavoidable thus, they are irrelevant when doing this calculation.

thus,

Power's profit margin will be - $ 80,000 if the Windsor division was dropped.

8 0
3 years ago
Your employer has asked you to start working overtime and has offered to pay $18 per hour for every hour you work beyond forty h
Aloiza [94]

Answer:

The marginal benefit of working each hour of overtime is $18.

Explanation:

<em>Marginal Benefit</em> refers to the maximum price I would pay for a second (or more) product or service.

In this case, the employer is willing to pay for each extra hour the amount of $18, which means that the <em>Marginal Benefit</em> increases.

It is considered, that the perceived value by the employer for each extra hour is $18.

7 0
3 years ago
Scope describes the full length of time required to complete a project. Group of answer choices True False
Margaret [11]

Answer:

False

Explanation:

Project scope can be regarded as part of project planning which involves determining as well as documenting listed particular project , tasks, deadlines as well as goals and the cost and deliverables. The documentation of scope of a project is is called a scope statement, this elaborate the boundaries of the project as well as establishment of responsibilities that is required by each team member, then

sets up procedures for verification and approval of of completed work. The scope shed light clearly on project goals which are measurable

realistic and obtainable, it it gives a clear vision and specifies about what is expected as well as when it is expected, and the exoected cost, it also specifies the deliverables as well as milestones and needed resources.

4 0
3 years ago
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