krepps corporation produces a single product. last year, krepps manufactured 32,900 units and sold 27,500 units. production costs for the year were as follows: direct materials 253,330 direct labor 171,080 variable manufacturing overhead 289,520 fixed manufacturing overhead 592,200 sales totaled $1,168,750 for the year, variable selling and administrative expenses totaled $148,500, and fixed selling and administrative expenses totaled $227,010. there was no beginning inventory. assume that direct labor is a variable cost. the contribution margin per unit was:

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Answer 1

The contribution margin is $16.6 per unit. To cover the credit risk the holder poses for the broker or exchange, an investor must deposit the margin with their broker or exchange.

Sales / All Sold Units = Selling Price Per Unit

= $ 1,043,000 / 22,200 Units

= $ 47 for per unit

27 770 units' total variable cost= direct material

= $16.6 per unit.

If an investor borrows money from their broker to purchase financial assets, borrows money to sell those same instruments for a loss, or enters into a derivative transaction, credit risk is created.

An investor who purchases an asset on margin does so by taking out a broker loan for the remaining amount. When an investor purchases an asset on margin, they make a smaller initial payment to the broker and put up collateral in the form of marginable securities in their brokerage account.

The contribution margin is $16.6 per unit.

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Related Questions

he perspective that defines the capabilities needed by the organization to create long-term improvement is the a.process perspective. b.learning and growth perspective. c.financial perspective. d.customer perspective.

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The perspective that defines the capabilities needed by the organization to create long-term improvement is the learning and growth perspective.

A balanced scorecard is a performance metric used to recognize, enhance, and manage the various operations and outcomes of a business.David Norton and Robert Kaplan first proposed the idea of BSCs in 1992. They took earlier metric performance measures and modified them to include nonfinancial data.BSCs were initially created for for-profit businesses but were later modified for use by nonprofit organizations and governmental bodies.The balanced scorecard involves tracking a company's performance in four key areas: learning and development, business operations, clients, and finances.Businesses can combine information into a single report using BSCs, which also help to increase efficiency. BSCs can also provide information on service and quality in addition to financial performance.

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the main advantage of direct assessment procedures over indirect assessment procedures is that the former:

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The main advantage of direct assessment procedures over indirect assessment procedures is that the former are likely to be more accurate.

What's the mean of advantage?

noun. any state, circumstance, opportunity, or means specially favourable to success, interest, or any desired end: the advantage of a good education. benefit; gain; profit: It will be to his advantage to learn Chinese before going to China.

Does advantage mean good or bad?

If it helps you get what you want, or is generally useful, it's advantageous. The root is the Old French word avantage, which means "advantage, profit, or superiority." Anything that assists in your pursuit of these things is advantageous to you.

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a company borrowed $28,000 by signing a 180-day promissory note at 6%. the total to be paid at maturity of the note is:

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The total to be paid at maturity of the note is $282840.

We have borrowed $28,000, which we have given. The day of signing or note is 180. 360 days in a year. The interest rate is 6%.

Therefore, interest on a loan is calculated as follows: borrowed amount x interest rate x note period/number of days in a year = 28000 x 6 x 180/360 = 840.

So, note maturity value = borrowed amount + interest on note period

= $28000+$840 = $28840. Therefore, the maturity value will be $282840.

The maturity value of a financial obligation is the sum owed and required to be paid to the holder as of the obligation's maturity date. The expression usually refers to the outstanding principal sum of a loan or bond.

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how do we know that there is going to be inflation in the economy, i.s., what is the breeding-ground for inflation?

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We can know there is going to be inflation when the price of commodities rises.

The cost of living in a nation or the general increase in prices are two examples of broad measures used to describe inflation. People can understand it as the progressive loss of purchasing power brought on by price increases. The effects of inflation, which raises the cost of necessities like food, can be detrimental to society and affect everyone directly.

Most of the commodities being produced can experience inflation, including necessities like housing, food, healthcare, and utilities as well as wants like jewellery, cars or other luxury items. Once inflation is pervasive throughout an economy, both consumers and businesses share a common concern about the possibility of future inflation.

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question 4 (10 pts): the first design alternative (a) requires a $300,000 investment and will produce net annual revenue of $55,000 over the 10-year planning horizon. the second alternative (b) requires a $450,000 investment and will produce net annual revenue of $80,000 annually. both alternatives are expected to have negligible salvage values at the end of the 10-year planning horizon. based on a 10 percent marr and an irr comparison, which design (if any) should be chosen?

Answers

Since the incremental IRR for project B is greater than the MARR of 10% Project B should be chosen basis the incremental IRR method.

1) For IRRa, -300000+55000/(1+r)+55000/(1+r)^2+....55000/(1+r)^10=0

Or -300000+55000/(1+r)*((1-(1/(1+r)^10)/(1-(1/1+r)) gives r=12.9%=IRRa

For IRRb, -450000+80000/(1+r)*((1-(1/(1+r)^10)/(1-(1/1+r)) solving gives,r=12.1%=IRRb

Basis IRR, IRRa>IRRb hence Project A is a better basis IRR method

2. For the increment IRR method let's see the cash flows of project B vs Project A

Initial investment=450000-300000=150000

And annual revenues =80000-55000=25000

Now calculating Incremental IRR,

-150000+25000/(1+r)+....25000/(1+r)^10=0 gives -150000+25000/(1+r)*((1-(1/(1+r)^10)/(1-(1/(1+r))) solving for r gives r=0.105 or 10.5%

Incremental describes normal, measurable actions which can be usually small. on occasion, a basketball group may additionally make a big development, like a set that is 32-50 three hundred and sixty-five days after which 50-32 the following. more frequently, progress is small and tiny incremental.

Incremental innovation does not create new standards or products, because it specializes in marginal upgrades to what already exists. as an example, Gillette constantly improves its razors, including new capabilities, like more blades, heated razors, and a pivoting head.

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light company acquires photon company by paying $25 million in cash. the fair value of the identifiable assets acquired is $30 million. the fair value of the identifiable liabilities acquired is $8 million. what will be the amount of goodwill that light company would record as part of this acquisition?

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Three million($25 million purchase price minus $22 million fair value of net assets) is the value of goodwill.

Goodwill is created when the purchase price of the acquiree's stock is greater than the fair value of the transferred consideration, which is typically the purchase price, compared to the fair values of the acquired net assets and intangibles.

The total value of goodwill in a business sale is fairly straight forward: Simply subtract the "fair market value" of the company from the total value of the company's tangible assets (less its liabilities).

Why is kindness valued?

When a business is sold, goodwill is valued in order to accurately calculate the purchase consideration, or the amount that must be paid or received when the business is sold.

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you purchase the following bond. the bond makes interest payments on may 15 and nov. 15 of every year: a b 1 purchase date 4/7/2022 2 price (% of par) 88.15 3 face value $1,000 4 coupon rate 5.4% 5 maturity date 11/15/2032 6 payment frequency semiannual 7 day count basis 30/360 attempt 1/10 for 10 pts. part 1 what is the bond's ytm using excel's yield function?

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You purchase the following bond. the bond makes interest payments on May 15 and nov. 15 of every year purchase date 4/7/2022 .

In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.

For example, if you borrow $100 at an interest rate of 5%, you will return $105 to the lender who borrowed the money. The lender makes him $5 in profit. There are many different types of interests that you may encounter in your life. Each loan has its own interest rate, which determines how much you actually borrow.

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long-run economic growth is generally positive rather than negative because long-run changes in output are driven by changes in: multiple choice consumption, investment, and net exports. labor, capital, and technology. aggregate demand. government spending.

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Long-run economic growth is generally positive rather than negative because long-run changes in output are driven by changes in the: LRAS, including changes in labor, capital, and technology. (factors of production)

What are the factors of production?Factors of production are those assets that make up the economic system. They are what human beings use to provide items and services. The economist classifies the factors of production into four categories.land, labor, capital, and entrepreneurship.Factors of production are the inputs required to produce goods or services. A factor of production is an economic term that describes the inputs used in the production of goods or services to achieve economic profit.It contains all the resources needed to create a product or service.Factors of production are land, labor, capital, and entrepreneurship.The level of technological progress affects all factors of production and can explain efficiency independently of the four typical factors.Land as a factor of production refers to the management of agriculture and the use of natural resources.

Thus, [OPTION B] is the correct answer.

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NOTE: The given question is incomplete and here is the complete question:

QUESTION: Long-run economic growth is generally positive rather than negative because long-run changes in output are driven by changes in the:

(A) LRAS, including changes in consumption, investment and net exports.

(B) LRAS, including changes in labour, capital, and technology.

(C) aggregate demand, including changes in labour, capital, and technology.

(D) SRAS, including changes in labour, capital, and technology.

who is a consumer? who is a customer? who is a buyer? as a student, are you a consumer, customer or buyer? what a three-year old child be? what an ill person not able to go to the store be?

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Any person who consumes anything is a consumer. He has the ability to eat, ride, remain, play, etc (u name it..).

A customer is someone who plans to make a purchase at a store. He would be the shopkeeper's customer.

A buyer is a consumer who enters a store and makes a purchase there (a window shopper isn't a buyer but unquestionably a customer).

You are most likely all three of these things as a student: a consumer, customer, and buyer. You consume food, education, health, and a variety of other things. Since you must have visited a store and purchased a pen or perhaps something else from a store at some point, you are also a customer. But if you visit a store but leave empty-handed, you are just a customer, not a buyer.

A youngster under three cannot go shopping. As it must consume baby food, it is merely a consumer.

As the sick person must consume food and medication in order to recover, he is merely a consumer. He can only be a buyer and customer if he visits the store and makes a purchase.

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if interest rates increase, business investment expenditures are likely to and consumer durable expenditures are likely to . a. increase, increase b. increase, decrease c. decrease, increase d. decrease, decrease e. be unaffected, be unaffected

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if interest rates increase, business investment expenditures are likely to decrease and consumer durable expenditures are likely to decrease.

Interest rates can influence the amount of money that lenders and investors are willing to save and invest. An increase in demand for loanable funds raises interest rates, while an increase in supply lowers rates.

Capital operations are addressed by investment expenditure. It includes loan repayment, authority loans and advances, and direct investment expenditure (equipment and real estate acquisitions, new work, major repairs)

Consumer durables, also known as "durable goods," are goods that do not require frequent purchases and last at least three years. Economists pay close attention to consumer durables consumption because it is a good indicator of the economy's strength.

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which of the following is not a method of getting a project back into alignment with time and effort estimates? a.) decreasing the scope of the project b.) requiring a team member to spend more time on the project c.) increasing the scope of the project d.) requiring a team member to increase the effort on the project

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Ballpark, budgetary, and definitive estimates are the three types of estimates that can be used to communicate costs to customers.

What are the various approaches to estimating effort?

There are numerous methods, but none of them are flawless. An overview of the four most frequently mentioned approaches is provided in this article: Estimation methods include expert opinion-based, top-down, bottom-up, parametric, and algorithmic models.

Which method is used to estimate a project?

Project management best practices in estimation include Analogous estimation, Parametric estimation, the Delphi method, the 3 Point Estimate, Expert Judgment, Published Data Estimates, Vendor Bid Analysis, and Reserve Analysis. Accurate estimates are essential for effective project planning.

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Answer:

The correct answer is:

Increasing the scope of the project

Explanation:

The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.

Answers

The manager should charge a rent of $2500 to maximize the revenue from the apartment complex and increase the profit

x = $20 increases

Price = $1000+20x

Quantity = 150-x

a. The first step is to find revenue by coming up with an equation

Revenue = Price × Revenue

R(x) = (1000+20x) (150-x)

b. The second step is to maximize the revenue

R(x) = (- 20x^2 + 2000x + 150000)

c. The third step is to find the derivative and set it to zero

R(x) = (2000x - 150000)

150000 = 2000x

x = 75

d. The fourth step is to  determine the rent that the manager should  charge to maximize revenue

Price=$1000+20x

Price=$1000+20(75)

Price=$1000 + 1500

Price=$2500

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at a departmental meeting, stella's manager described an issue and asked for a volunteer to figure out a solution. stella had previously encountered similar issues and was confident she could solve the problem, so she accepted the responsibility. stella's behavior was influenced by

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At a departmental meeting, Stella's manager described an issue and asked for a volunteer to figure out a solution.Her behavior was influenced by self efficiency.

Volunteers are people who give their time, labor, and expertise for free. Volunteers frequently work for schools or non-governmental organizations (NGOs), where they are typically trained and report to designated senior staff.

Volunteering requires you to be selfless and only think about how you can make a difference. Great volunteers recognize this and are eager to do everything in their power to effect positive change. When working as a volunteer, it is critical to remain humble about your previous accomplishments and skills.

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true or false: the benefits of an environmental marketing strategy extend to virtually all of a firm's stakeholders when the strategy is effectively integrated within a firm's general marketing plan.

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When an environmental marketing strategy is successfully included into a company's overall marketing plan, benefits accrue to almost all of the stakeholders in the company. It is accurate to say this. This statement is True.

One illustration of this is the online shopping and auction website eBay. The website extends the lifespan of the products by enabling the exchange of commodities between clients. eBay's Classifieds section prevents usable things from ending up in landfills. Environmental marketing is a subset of marketing that emphasizes a good or service's impact on the environment.

A dedication to sustainable methods, inventive products or services, and a strong social media presence are some frequent environmental marketing qualities. Lack of resources, inexperience with green marketing, or unfavorable public attitudes are examples of weaknesses.

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which environmental marketing strategy is especially beneficial for a company to use when it is difficult for another company to imitate the environmental impact of a product?

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The promotion of a company's environmentally friendly business operations is known as "green marketing."

The promotion of ecologically friendly goods, services, and projects is known as green marketing or environmental marketing. A wide range of techniques and strategies that are friendly to the environment are more particularly referred to as green marketing. Examples of green marketing include: producing green products. An organization's departments are linked through a holistic business approach, which enables them to function as a single team. To achieve an overarching organizational purpose, all personnel collaborate. The shaded green strategy emphasizes greenness in product development, design, production, and pricing if cost efficiencies can be realized through greenness. It also places some secondary focus on greenness in its more overt promotional efforts.

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If the democrats maintain control of the house, what will the consequences be for the issue of the economy?.

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The democrats and Republicans agreed that the United States should continue to be the world's primary supplier of agricultural products. They supported maintaining the country's agricultural-based economy.

They held that the government should only carry out its obligations under the U.S. The constitution and supported states' rights and a rigorous reading of the document. They democrats the self-government economy and were founded on democratic ideals. Instead of emphasizing the objective of replacing the capitalist system (factor markets, private property, and the wage labour) with a qualitatively different socialist economic system, social democrats championed Keynesian economics, state interventionism, and the welfare state.

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in the context of the job analysis process, reviewing drafts of job descriptions with managers and employees is a subtask of

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Reviewing draft job descriptions is a subtask of developing job descriptions and job specifications.

Job analysis is the process of analyzing a job to determine the activities and responsibilities in the job along with the required qualifications and their relationship with other jobs. Job analysis is carried out so that work can be carried out effectively and optimally. So that the quality and productivity of employees will be qualified.

Job description describes the roles, activities, duties and responsibilities of the job while specification represents the skills required to do the job. By doing the development of the job description and specification, it will be known to what extent the roles and responsibilities of the tasks that must be carried out. It will also provide job-related specifications such as setting realistic performance measurement standards.

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when comparing the estimated effect of pollution on house prices between regr 2 and regr 3, you conclude that:

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Answer: Compare the estimated effect of pollution on house prices across the three models.

Missing: 27 ‎seconds ‎ago ‎+10 ‎points

Explanation:

Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a in the advertising process for the product.

Answers

Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Jonathan plays the role of a consultant in the advertising process for the product.

What is a consultant?

Generally, A professional who, in addition to providing advice, engages in additional activities that serve a purpose related to their area of expertise is known as a consultant. As a kind of contingent labor, consulting services are often classified as falling within the umbrella of professional services.

Consultants, who are often known as management consultants, assist businesses in dealing with change and finding solutions to issues in order to make such businesses run more effectively and, as a result, more financially.

In order to assist their client organizations in becoming more successful in their commercial endeavors, consultants provide them with guidance and knowledge.

In conclusion, Since Jonathan was brought in from outside the organization to do a particular task, I would classify him as a contract employee, sometimes known as a consultant.

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CQ

Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a ____ in the advertising process for the product.

which company has the higher receivables turnover ratio? company a company b average net accounts receivable $2,000 $5,000 average inventory $4,000 $20,000 net sales $40,000 $100,000 multiple choice question. both are the same company b is greater company a's is greater

Answers

Answer: Both Are the same

Answer:

both are the same

Explanation:

the purpose of segregating the duties of distributing payroll checks and hiring personnel is to: multiple choice

Answers

The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate (a) the authorization of transactions from the custody-related assets.

Separation of Functions (SOD) A fundamental component of effective risk management and internal corporate controls is segregation of duties (SOD). The foundation of the SOD principle is shared accountability for a crucial process, which distributes its essential tasks to multiple parties or departments.

Examples of segregating tasks include Checks shouldn't be in the hands of the person who manages and reconciles the accounting records. It is not recommended that the person who opens the mail and creates a list of the checks received also makes the deposit.

Full Question :The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the:

a. authorization of transactions from the custody of related assets.

b. operational responsibility from the recordkeeping responsibility.

c. human resources function from the controllership function.

d. administrative controls from the internal accounting controls.

kevin sells roman coins. he knows jen is a coin collector, and he sends jen a letter stating that he collector, and he sends jen a letter stating that he has a julius caesar coin he is willing to sell for has a julius caesar coin he is willing to sell for $2500. jen signs and returns the letter but adds $2500. jen signs and returns the letter but adds nothing more than her signature. kevin mails the nothing more than her signature. kevin mails the coin to jen and requests payment, but jen sends coin to jen and requests payment, but jen sends the coin back claiming they do not have a contract. the coin back claiming they do not have a contract. what standard will the court use to determine what standard will the court use to determine whether they have a contract?

Answers

Reasonable Person Standard will the court use to determine whether they have a contract.

A contract is a legally enforceable settlement that creates, defines, and governs mutual rights and responsibilities among its parties.[1] An agreement normally involves the transfer of goods, services, money, or a promise to transfer any of these at a future date. In the event of a breach of settlement, the injured birthday party may also are trying to find judicial treatments together with damages or rescission.[2] contract law, the sphere of the regulation of obligations worried to contracts, is primarily based on the precept that agreements must be honored.

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suppose you are a manager of a firm that operates in a duopoly. recently, the state attorney general fined you and your competitor for price fixing. in your market, firms only set prices, not total quantities to sell. from previous experience, you know your competitor has a marginal cost of $1.98. further, your marginal costs are $1.96. the previous cartel price was $10.00, when you and your competitor were price fixing. what price level do you now choose to maximize profits?

Answers

Anytime there is price fixing between two competitors, if one choose to do so, it should be above his marginal cost and not beyond the other competitor's marginal cost (price).

If a competitor decides to set prices in a price war between two rivals, the price shouldn't exceed the other competitor's marginal cost (price) and should be higher than the other competitor's marginal cost (price). Given that there will be a $10 charge for price fixing (previous cartel price). The best price would then be below the competitor's price and above his marginal cost in order to maximize profit.

Thus, $2.33—above his marginal cost and below competitor price—would be the best price to maximize earnings. Since, a fine will be imposed for price fixing. The best price would then be below the competitor's price and above his marginal cost in order to maximize profit.

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in 2012, nominal gdp per capita in the u.s was $49,922. in colombia, nominal gdp per capita was $7,855 the same year. calculate the ppp-adjusted gdp for colombia if the purchasing power of a given amount of dollars was 41% lower in the u.s. ppp-adjusted gdpcolombia

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Calculate Colombia's ppp-adjusted GDP if the purchasing power of a given amount of dollars was 41% lower in the US. Colombia's PPP adjusted GDP is =7855/0.59, which equals $13314.

Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced and sold by countries within a certain time period. Because of its complicated and subjective nature, this measure is frequently changed before being regarded a credible indication. GDP per capita, on the other hand, does not reflect differences in the cost of living and the inflation rates of the countries; thus, using GDP per capita at purchasing power parity may be more useful when comparing living standards between nations, whereas nominal GDP is more useful when comparing national economies on the international market. Total GDP can also be broken down into the contributions of each industry or sector of the economy.

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should unilever change its current marketing and branding strategy? for example, could unilever extend or reposition its existing cheaper brands, minerva and campeiro, or would a new brand be necessary? what would be the ideal positioning and marketing mix of a unilever brand targeted at low-income consumers?

Answers

The global strategy is the most important strategy used by Unilever to compete for market share in the industry.  The low-income consumer segment in the Northeast because they represent a large and unengaged market with a distinct customer base.

What marketing strategy does Unilever use?

The global strategy is the most important strategy used by Unilever to compete for market share in the industry. The strategy entails marketing brands in local environments as well as maintaining a supply of similar products in these areas.

We are dedicated to ethical marketing and advertising. As a prominent worldwide consumer goods company, we promote the benefits of our products through a variety of brand communication platforms. Marketing and advertising can have a significant impact on behavior change.

What is the unilever brand targeted at low income consumer?

Unilever should target the low-income consumer segment in the Northeast because they represent a large and unengaged market with a distinct customer base.

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while acme lawn mowers makes a profit on all of its products, it sells mowers to retailers at different prices, depending on whether they are independent stores or members of a national chain. it uses:

Answers

Acme Lawn Mowers uses price discrimination to make profit by selling mowers to retailers at different prices, depending on whether they are independent stores or members of a national chain.

Write a short note on price discrimination.

Price discrimination is a microeconomic pricing strategy when a single provider provides identical or very comparable goods or services in many markets at various rates. Product differentiation differs from price discrimination because of the larger difference in production costs for the variously priced products involved.

The variety in customers' willingness to pay and the elasticity of their demand are the main factors that determine price differentiation. For price discrimination to be effective, a corporation must have market power, which might take the form of a dominant market share, a unique product, exclusive pricing power, etc. All prices that are subject to price discrimination in a market with perfect competition are higher than the equilibrium price.

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kate, the manager of halpern tooling company, wants to create a stronger, more positive culture at the company. how might kate promote and encourage a stronger culture?

Answers

Give employees a lunch or a presentation about the company's goals and priorities.

The objectives you should set for your employees should be?

Relevant, measurable, attainable, and time-based. We've all heard it, but few people are aware of how to set goals that meet these requirements. Shrewd objectives for work are not difficult to set when you utilize these tips: Specific: Try focusing the goal on a single aspect of an employee's job.

What is the significance of employees setting goals?

Employees can be motivated by setting goals. Researchers have found that employees can feel a stronger connection to their company when they set goals. This not only encourages better employee performance but also contributes to increased office optimism.

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Full Question = Kate, the manager of Halpern Tooling Company, wants to create a stronger, more positive culture at the company. How might Kate promote and encourage a stronger culture?

A) Create a spreadsheet showing that employees are better paid than at other companies.

B) Treat employees to a lunch/presentation that showcases the firm's goals and priorities.

C) Analyze the macroenvironment of the company and that of its competitors.

D) Analyze the competitive environment and competitive intelligence of the company.

E) Suggest that supervisors review the company handbook with their departments.

jack works on the production line at an assembly plant. jack receives a base salary plus $1.25 per unit assembled. this is an example of a cost. multiple choice question. step-wise mixed variable fixed

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jack works on the production line at an assembly plant. jack receives a base salary plus $1.25 per unit assembled. This is an example of a mixed cost.

Mixed costs, often referred to as semi-variable costs, are created when a variable cost and a fixed cost are combined. The various production levels within a firm have an impact on the total blended cost.

When a cost has both a fixed cost and a variable cost, that cost is said to be mixed cost. It is crucial to comprehend how these components combine to create a cost in order to forecast how costs will change as activity levels change.

Production is the process of mixing several material and immaterial inputs to create something that is intended for consumption. Production is the process of creating a good or service with value that enhances people's utility.

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aqua marine corporation purchases a patent at a cost of $120,000 on june 30, 2020. the company estimates the useful life of the patent to be 10 years. the journal entry to record amortization for the 6-month period ended december 31, 2020, includes a

Answers

You debit the amortization expense account and credit the intangible asset for the amount of the annual amortization expense when recording it. A debit appears on one side of an accounting record.

A debit raises the balances of assets and expenses while lowering the balances of revenue, net worth, and liabilities.

Cost of patent = $120000

Valuable life = 10 years

Amortization cost = cost of patent/valuable life

= $120000/10 years

= $12000

Amortization cost for quite some time = $12000*6/12 = $6000

Diary passage:

Charge for amortization from Dr to Patent account Cr is $6,000$6000 (Six-month amortization expense has been recorded)

How does depreciation differ from amortization expense?

Depreciation is the asset's loss in value over time, while amortization is the method used to reduce the asset's cost over time. This knowledge aids in better comprehending the purchase's financial implications and saves time, effort, and money.

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thanks in part to globalization, coca-cola has operations in all but three nations in the world, and pepsi is now available in more than 160 countries and territories. we can conclude that the soft drink industry is an example of: global competition acculturation free trade zone localization international exchange

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Coca-cola has operations in all but three nations in the world, and Pepsi is now available in more than 160 countries and territories. we can conclude that the soft drink industry is an example of global competition.

Global competition becomes a form of transnational competition in which the position of an enterprise in one country affects its competitive position in other countries. As a result, companies are contending among themselves for transnational leadership. As a result of such a struggle, the frugality is globalizing.Global competition is when companies contend to vend goods and services on a transnational scale.

As technology, transportation, and communication systems have bettered, competition among companies in different countries has soared. The TV assiduity is a perfect illustration ofthis.Global competition made the product of some goods in developed countries less profitable due to the fairly high costs. The capability to transfer labour- ferocious product to developing countries converted profitable structure in developed countries.

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