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Illusion [34]
3 years ago
15

the initial valuation of purchased intangible assets requires that the intangible asset is recorded at

Business
1 answer:
bixtya [17]3 years ago
7 0

Answer: original cost

Explanation:

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Suppose that the market equilibrium price for a good is $3.00. A nonbinding price ceiling in this market will result in a price
Nina [5.8K]

Answer:

above $3.00

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. A price ceiling is non binding if it set above equilibrium price. So price above $3 is non binding. A non binding price ceiling has no effect on the market price.

Price ceiling is binding if it is set below equilibrium price.

Equilibrium price is where the demand and supply curve intersects.

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
Alec just received his Florida broker license. Assuming the Real Estate Recovery Fund balance is at $400,000, how much of his li
Ratling [72]

The amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is <u>$3.50.</u>

<h3>
What is the real estate license fee?</h3>

The real estate license fee in Florida costs $83.75.  This amount is paid to the Florida Real Estate Commission (FREC).

FREC is the government office regulating real estate education and licensure in Florida.  FREC is under the supervision of the Florida Department of Business and Professional Regulation (DBPR).

License fees of $3.50 are imposed as soon as the Real Estate Recovery Fund drops below $500,000.

Thus, the amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is <u>$3.50.</u>

Learn more about real estate license fees at brainly.com/question/26067240

8 0
2 years ago
Northern Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,
dedylja [7]

Answer:

Borrowed amount of $2,500

Explanation:

The computation is shown below;

The Total available balance is

= Beginning balance + Receipts - Disbursements

= $12,000 + $30,000 - $34,500

= $7,500

As the cash should be maintained of $10,000

So,  

The amount to be borrowed is

= $10,000 - $7500

= $2,500

3 0
2 years ago
The Dougherty Furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4
Bezzdna [24]

Answer:

a. Manufacturing overhead rate - Department 100 = $57,500 / 4,000 hours = $14.375 per machine hours

Manufacturing overhead rate - Department 200 = $62,500/8,000 hours = $7.8125 per machine hours

b.  Journal Entries

S/N    Account Titles                         Debit           Credit

1       Inventory - Raw material          $110,000

             Account Payable                                     $110,000

2    Work in process                            $32,500

     Manufacturing overhead              $7,500

             Inventory - Raw materials                         $40,000

3    Work in process                            $52,500

     Manufacturing overhead              $11,000

              Materials control                                       $63,500

4      Manufacturing overhead            $17,250

               Leasehold payable                                    $16,250

               Utilities payable                                          $1,000

5.     WIP Control (14,375*800)            $11,500

                Manufacturing overhead allocation         $11,500

c. Particulars                               Dep 100     Dep 200   Total

Direct materials                           $32,500     $13,500   $46,000

Direct labour                                $52,500     $13,500   $106,000

Manufacturing overhead             $35,750     $18,750   $54,500    

(11,000+7,500+16,250+1,000

+9,000+4,750+3,750+1,250)

Total Cost of Job A                     $120,750   $85,750    $206,500

7 0
3 years ago
When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units
Sedaia [141]

Answer:

<u>A) $4.67</u>

Explanation:

In a perfectly competitive market, marginal revenue always is equal to price.  Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

8 0
3 years ago
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