Initially the man bought the goat at $60 the sold it at $70, thus making a profit of $ 10 (extra), then later on bought the goat at $ 80 and sold it at $90, making another profit of $ 10 (extra). So by the end of the day the man gained $ 20.
Consider it this way, the man made a profit of 10 and decide to invest it back by adding to $60 to raise $70 then made a profit of another $10, totaling to a profit of $20. Thus, the answer is $20.
<span>The answer is the firm will go on to the plan of Global standardization
strategy when growth of the profit is reaping the cost reduction that they get
from the economies and location economies. This strategy makes most when there
are stronger pressures for cost reductions and demands for local response is
minimal. </span>
Answer:
$329,000
Explanation:
The prudence concept states that assets are not overstated while liabilities are also not understated in order to have a fair and non- misleading view of the financial statement.
In this regard, the cost of the land should be included at the market value as at the date of recording the transaction.
Market value is value that an asset can be exchanged for at an arm's length transaction to an independent buyer in an open market.
Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.
- A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.
- There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.
- The government uses taxes to fund a variety of welfare programs, including job initiatives.
Thus this is the answer.
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Answer:
$240,000
Explanation:
Calculation to determine what should be reported as total intangible assets
Using this formula
Total intangible assets=Copyrights+Excess of cost over fair value of identifiable net assets of acquired+Trademarks+Patents
Let Plug in the formula
Total intangible assets=$50,000 + $80,000 + $90,000 +$20,000
Total intangible assets=$240,000
Therefore The Amount that should be reported as total intangible assets is $240,000