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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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According to the textbook readings, gross margin results from _____________ 1) Subtracting expenses from profit 2) Subtracting e
sveticcg [70]

Answer:

The answer is 3. Subtracting cost of goods sold from net sales

Explanation:

Gross margin or Gross profit is the profit a business earn after deducting cost associated with making the goods from net sales(Net sales - Cost of goods sold or Cost of sales)

To calculate cost of goods sold - opening inventory/stock plus purchases minus closing inventory/stock.

The attached file also support this statement.

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3 years ago
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How can you improve your credit score?
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Explanation:

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6 0
2 years ago
Average and poor business writers are more likely than excellent writers to focus on the?
Maslowich

Average and poor business writers are more likely than excellent writers to focus on the drafting stage first.

This approach is used whilst your audience will be impartial or positive about your message. within the indirect technique, the evidence is provided first, leading consequently to the main concept. They spend a tremendous amount of time reviewing their work. one in every one of your primary goals as a communicator is to express.  Inaccuracy reasons readers to lose consideration of the author.

One primary motive of overly lengthy paragraphs is placing multiple main concepts or topics in a paragraph. Dale has written an offer for a brand new initiative. Writing any messages apart from the ones for the most mechanical, recurring instances calls for carefully considering the scenario, the readers, and the desires. humans will make critical choices primarily based on communication.

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6 0
1 year ago
Wilson Animal Feeds has developed the following data to calculate lower of cost or market for its products.
NeX [460]

Answer:

The total reported inventory value is $1,130.

Explanation:

Note: The data given the question are sorted and presented properly as follows:

                                    <u> Selling Price  </u>         <u>    Cost    </u>

Large animals:                  

Cattle                                     $320                    $160

Horse                                      400                      400

Small animals:

Cat                                         $360                  $320

Dog                                          120                       90

Exotic pets:

Ferret                                     $140                    $112

Iguana                                       70                      48

Based on the lower of cost and net realizable value rule, we select the lower and determine the reported inventory value as follows:

<u>Details                                        Value ($)   </u>

Large animals:

Cattle                                            160

Horse                                            400

Small animals:

Cat                                                320

Dog                                                90

Exotic pets:

Ferret                                             112

Iguana                                        <u>    48    </u>

Total value                              <u>    1,130   </u>

Therefore, the total reported inventory value is $1,130.

6 0
3 years ago
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