Question 1. The records of Blair Co. show the ff: -Masthead, purchased from a competitor. 50,000. -Costs of marketing research. 30,000-Web site costs for external use, customers can place orders on the web site. 60,000-Web site costs, for external use, customers cannot place orders on the web site. 40,000-Excess of cost over fair value of identifiable net assets of acquired associate. 100,000-Subsequent expenditures on a recognized trademark. 20,000How much will be shown as intangible assets in Blair’s year-end statement of financial position?2. K Co. incurred the ff. expenditures on internally developed intangible assets:-Internally developed goodwill. 100,000-Brands. 230,000-Mastheads. 50,000-Publishing titles. 100,000-Customer lists. 70,000K Co. incurred 100,00 additional costs in maintaining the customer lists. K Co. treated all the intangible assets as with indefinite useful life.How much is the total carrying amount of the calitalized intangibke assets at year-end?
The Packaging Department at Vail Incorporated had 51,000 units in
Question The Packaging Department at Vail Incorporated had 51,000 units in beginning inventory. These units contained $105,000 in direct materials, $120,000 in direct labor, and $90,000 in overhead. During the period, the department incurred costs of $480,000 in direct materials, $600,000 in direct labor and $300,000 in overhead and started 240,000 units. Ending inventory consisted of 18,000 units which were 100% complete with respect to direct materials and 70% complete with respect to direct labor and overhead. How many units were transferred out?Select one:a. 291,000b. None of the answer choices is correct.c. 309,000d. 273,000e. 282,000
ONE: Chrystal Company incurred the following costs for the months of January and February:
Question ONE: Chrystal Company incurred the following costs for the months of January and February: Type of Cost January / February Insurance $7,000 $7,000Utilities 2,600 3,800 Depreciation 2,000 2,000Materials 5,000 8,000Assume that output was 1,000 units in January and 3,000 units in February, utility cost is a mixed cost, and the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?a.$0.40b.$0.60c.$0.20d.$0.30TWO:If production volume decreases from 15,000 units to 12,000 units, _____.a.mixed and variable costs will decrease by 45%b.average unit costs will decrease by 30%c.total fixed costs will increase by 25%d.total fixed costs will decrease by 25%THREE: Fixed costs are costs that in total:a.are constant within the relevant range as the level of output changes.b.increase as the miscellaneous expenses decrease.c.decrease as the per unit variable cost increases.d.All of these choices are correct.FOUR:The method of least squares:a.is a statistical way of separating a mixed cost into fixed and variable components.b.always produces the same cost formula when used on the same data set.c.is a way to find the best-fitting line through a set of data points.d.All of these choices are correct.FIVE:The high-low method:a.has the advantage of subjectivity.b.is the most accurate cost estimation method.c.is the most accurate methods.d.is not affected by the presence of outliers.
Yummy Candy Sdn Bhd (YCSB) is considering purchasing a second chocolate
Question Yummy Candy Sdn Bhd (YCSB) is considering purchasing a second chocolate dipping machine in order to expand their business. The information YCSB has accumulated regarding the new machine is: Cost of the machine RM80,000 Increased annual contribution margin RM15,000 Life of the machine 10 years Required rate of return 6% YCSB estimates to produce more candy using the second machine and thus increase their annual contribution margin. YCSB also estimates there will be a small disposal value of the machine but the cost of removal will offset that value.REQUIRED:(a) By ignoring the income tax issues and assume that all cash flows occur at year-end except for initial investment amounts, calculate the following for the new machine:(i) Net present value (ii) Payback period(iii) Discounted payback period(iv) Accounting rate of return based on the net initial investment (assume straight-line depreciation) (b) Explain TWO (2) qualitative factors should YCSB consider in deciding whether to purchase the new machine.
1. Using the IFRS 5 step, contact-based approach to revenue recognition,
Question 1. Using the IFRS 5 step, contact-based approach to revenue recognition, list the criteria and explain how the sale of a sweater to a customer meets the criteria for revenue recognition. Assume the price of a Roots sweater is $100 and the cost to Roots was $70 and that it was final sale (i.e. cannot be returned).
The company has only one fixed asset (equipment) that is purchased
Question The company has only one fixed asset (equipment) that is purchased at the start of this year. That asset had cost $54,000, had an estimated life of 7 years, and is expected to be valued at $10,600 at the end of the 7 years. Depreciation Expense Accumulated Depreciation: Equipment
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more