a collection agency spent $50,000 in staff payroll costs investigating the feasibility of developing its own software program for tracking customer contacts. after committing to funding the project, software developers were paid $200,000 to write the code, and the company incurred $70,000 in general and administrative costs related to training and software maintenance. what amount should be capitalized?

Answers

Answer 1

The amount that should be capitalized is $200,000.

In accounting, capitalization is the process of recognizing the expense as a long-term asset on the balance sheet rather than as an expense on the income statement. It is used to record a cost as an asset rather than an expense when the cost is anticipated to offer future benefits.

The only amount that should be capitalized in the question's scenario is the $200,000 that was paid to software developers to write the code since it is a cost associated with the development of an intangible asset.

The $50,000 that was spent investigating the feasibility of developing the software and the $70,000 in general and administrative costs related to training and software maintenance are both expenses and should be recognized as such on the income statement.

To learn more about asset, here:

https://brainly.com/question/14826727

#SPJ11


Related Questions

uppose that in 2019, Mexico's total government outlays were 667667 billion pesos and total government revenue was 690690 billion pesos. Calculate Mexico's budget surplus or deficit. Be sure to include a negative sign if appropriate.

Answers

Suppose that in 2019, Mexico's total government outlays were 667667 billion pesos and total government revenue was 690690 billion pesos. The Budget surplus is 23023 billion pesos.

To calculate Mexico's budget surplus or deficit, we need to subtract the total government revenue from the total government outlays.

Budget surplus = Total government revenue - Total government outlays

Budget surplus = 690690 billion pesos - 667667 billion pesos

Budget surplus = 23,023 billion pesos

Since the result is positive, we can say that Mexico had a budget surplus of 23,023 billion pesos in 2019. This means that Mexico's government earned more money than it spent in that year. This is a good sign for the country's economy, as a surplus allows for more flexibility in terms of investing and paying off debt. However, it's important to note that this surplus could have been achieved through a number of different factors, such as cutting spending, increasing revenue through taxation, or a combination of both.

For more about Budget surplus:

https://brainly.com/question/31464023


#SPJ11

As long as the demand curve lies above the marginal revenue curve for a monopolist, at its profit-maximizing output level, it will charge a price for its product that is O above total cost. below marginal cost. O above marginal cost. O above average total cost.

Answers

As long as the demand curve lies above the marginal revenue curve for a monopolist, it will charge a price for its product that is above marginal cost. This allows the monopolist to maximize its profits by selling its product at a price higher than the cost of producing an additional unit.

For a monopolist, the marginal revenue curve lies below the demand curve. In order to maximize profits, the monopolist produces the quantity where marginal revenue equals marginal cost. This output level ensures that the additional revenue gained from selling one more unit (marginal revenue) is equal to the additional cost of producing that unit (marginal cost). However, the price charged by the monopolist will be higher than the marginal cost.

Since the monopolist has market power and faces a downward-sloping demand curve, it can charge a price that is above the marginal cost of production. By doing so, the monopolist can capture additional surplus from consumers and maximize its profits. Charging a price above marginal cost allows the monopolist to earn a positive economic profit. If the monopolist were to set the price below marginal cost, it would incur losses and fail to maximize its profits. Therefore, the correct statement is that the monopolist will charge a price for its product that is above marginal cost.

To learn more about marginal cost, click here:

brainly.com/question/14923834

#SPJ11

In which quadrant or quadrants of the strategic grid, throughout the timeline of the case, would
you place Bharti Airtel’s Information Technology? Motivate your answer

Answers

The factory, strategic, support, and turnaround quadrants make up the strategic impact grid. The IT Strategic Grid is a structure comprised of four quadrants, each of which refers to one of four possible functions for information systems and IT inside an organisation.

One of the four divisions on a Cartesian plane is a graph quadrant. There is a certain set of negative and positive values for x and y in each of the four sections. An ordered pair is plotted on graph quadrants. Ordered pairs have values for x and y. In an ordered pair, X is the first value and y is the second. The strategic grid enables analysis of the placement of the IT department within the organisational structure and of IT management.

To learn more about Strategic, click here.

https://brainly.com/question/26960576

#SPJ4

assume+a+bank+offers+an+effective+annual+rate+of+7.26%.+if+compounding+is+monthly+what+is+the+apr?

Answers

The APR (Annual Percentage Rate) can be calculated based on the given effective annual rate of 7.26% with monthly compounding. The APR is approximately 6.98%.

The APR represents the annualized interest rate charged by a financial institution. It is used to compare different loan or investment options. In this case, we are given the effective annual rate of 7.26%, which takes into account the compounding frequency of monthly. To calculate the APR, we need to find the nominal interest rate that would result in the same effective annual rate when compounded monthly. We can use the following formula APR = (1 + i)^n - 1 Where i is the nominal interest rate and n is the number of compounding periods in a year. By substituting the values into the formula, we can solve for i: (1 + i)^12 - 1 = 0.0726 Simplifying the equation: (1 + i)^12 = 1.0726 Taking the twelfth root of both sides: 1 + i = (1.0726)^(1/12) 1 + i = 1.005992 Subtracting 1 from both sides: i = 0.005992 Converting the decimal to a percentage, the APR is approximately 0.5992%, which is rounded to 6.98%.

learn more about Percentage here :

https://brainly.com/question/32197511

#SPJ11

what were capital resources in the kingdom of mocha

Answers

Answer:

Bartering and the use of natural resources

Explanation:

It is correct

REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over their clients' interests. d. A and B only.

Answers

Considering the available options, Realtors are known to have various functions, including options A and B only.

Functions of a Realtor

Generally, Realtors are known to perform many responsibilities, including the following:

Protect and promote the interests of their clients. Treat all parties honestly.Create a real estate contract.Rent, sell or buy properties for clients, etc.

Hence, in this case, it is concluded that the correct answer is option D. "A and B only."

Learn more about Real Estate here: https://brainly.com/question/26011083

analyse the impact of an enterprise using break even analysis to make business decisions

Answers

Answer:

Using break-even analysis in your feed and grain business can help you understand and examine the profit drivers of your business. It is a very useful tool that can help you understand how much you need to sell to cover your costs and how pricing, cost, and volume changes impact these needed sales.


Distinguish between medium and higher level education with
illustration.​

Answers

medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end.

A producer makes cute and funny gift items with themes such as golf,
football, and sports cars. How could a catalog retailer best help this producer
make the products available to more consumers with these interests?

Answers

Answer:

The catalog retailer can make these products more available by showing that they have access to everything, and promoting them more and making big steps by advertising them places.

Explanation:

i put it in the wrong spot lol

Answer:

By featuring them in catalogues with products that are selected to appeal to consumers with these interests

Explanation:

In which tab can you find features like New Slide, Slide Layout, and Reset Slide?

Answers

Answer:

in a techniol up coming

Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.

Answers

Answer:

It occurs when outside activities interfere with one's responsibilities to an employer

Explanation:

Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.

This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.

It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.

Which type of account (real, personal, or nominal) includes the following expenses of a business?
Expenses like rent, transportation, and advertising are part of a business’ ______
account, because they are fictitious.

Answers

Answer: Nominal account

Explanation:

Expenses like rent, transportation, and advertising are part of a business (Nominal) account, because they are fictitious.

Personal accounts are the accounts that have to do with individuals, or businesses. A real account is an account that isn't closed when the accounting period ends. The bqlnaces in the real account are carried to the following period. An example of this is cash.

Nominal account is an account that has a zero beginning balance at the start of the year. This is because when an accounting year ends, the nominal account will be closed.

Which of the following could be a trade secret?

Answers

where are the questions there are not questions

how am i supposed to help you if there is no questions

Which part of effective leadership deals with maintaining equity?

Answers

Answer:

the part where you have to lead

Explanation:

Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?

Answers

The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.

What is training?

Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.

To learn more about training, visit:

https://brainly.com/question/13556730

#SPJ1

Multiple Choice Question 137 Which one of the following budgets would be prepared for a manufacturer but not for a merchandiser? O Sales budget O Budgeted income statement O Direct labor budget O Cash budget

Answers

The budget that would be prepared for a manufacturer but not for a merchandiser is the direct labor budget.

Direct labor budget is a detailed plan of the amount of direct labor hours and the corresponding cost that will be required to meet the production needs of a manufacturer. It is an essential component of the manufacturing budget, which includes budgets for direct materials, manufacturing overhead, and other costs.

In contrast, a merchandiser does not typically have direct labor costs as they do not manufacture their products but instead purchase finished goods for resale. Therefore, a direct labor budget is not applicable to a merchandiser.

The other budgets mentioned in the options, such as sales budget, budgeted income statement, and cash budget, are prepared by both manufacturers and merchandisers as they are important components of the overall budgeting process.

Learn more about budget here:

https://brainly.com/question/14188925

#SPJ11

Hi can you please answer this question for me?
___________________________ is the interest that the bank pays you on the principal plus on the interest that you earned the preceding year

simple intrest
compound interest
complex interest

Answers

Answer:

compound interest

Explanation:

Compounding interest refers to the action of adding the interest earned in a period to the principal amount. This action increases the principal amount invested. In compound interest, both the principal amount and the interest earned increases every financial year.

Compound interest contrasts with simple interest, which is the interest earned on the principal amount only. Whereas compound interest amount increases every year, simple interest remains constant throughout the life of the investment.

Answer:

Compound Interest

Explanation:

What evidence best supports the theme that leadership requires integrity? Choose five options. ""noblest Roman of them all"" ""All the conspirators save only he"" ""Did that they did in envy of great Caesar"" ""in a general honest thought"" ""common good to all"" ""His life was gentle"" ""This was a man!"".

Answers

Answer:

The answer is "“noblest Roman of them all”  , “in a general honest thought” , “common good to all” , “His life was gentle” , and “This was a man!”

Explanation:

I got it right on Edge

The five options that the leadership requires integrity are (a). Noblest Roman of them all, (d). In a general honest thought, (e). Common good to all, (f). His life was gentle and (g) This was a man!.

What is leadership integrity?

Integrity in leaders refers to being genuine or honest, responsible, and reliable.

Leaders with integrity act in harmony with their terms and words. In simple words, they rehearse as they preach.

This concept of leadership makes the leader more trustful to the other person in the organization.

It includes that the leader must be The Noblest Roman of them all,  In a general honest thought, he takes the decision for the Common good of all, and His life was gentle.

Therefore, options (a), (d), (e), (f), (g) are correct.

To learn more about integrity, refer to:

https://brainly.com/question/26834296

During the stage, managers fail to recognize the internal or external changes that will harm their companies.

Answers

Skeebledobbleflibbleflobbleneedlenoodlepeedlepoodle so like basically what is the question jit?

What is a sales lead? A. An employee on the customer service team who deals with existing customers B. A sales person who works on a residual commission structure C. An expert in Maslow's hierarchy of needs D. A potential customer who has shown interest in the company's product.

Answers

A sales lead is the company's product potential customer who has an interest in the product. Thus, option D is correct.

A sales lead is defined as the prospect with the ability to turn into a customer. The leads expressed their interest in the product by sorting, clicking links, searching the web, etc.

What are the features of sales leads?

The sales leads are the consumer with the potential to become customers of the company's product. The leads express their interest in the product and increase the sales.

The market analysis and study of sales lead by the company helps in the formulation of the strategy for the increased market revenue.

Thus, sales leads are the potential customer that shows interest in buying the company's product. Thus, option D is correct.

Learn more about sales lead, here:

https://brainly.com/question/4392072

Calculate the operational cost xyz : Installed data 7) N/. Capital r/ Rate (U) Ranning (u) اره cost electricity generation, and plant use Sactor power plant having following 300 MW capacity of plant 91000 Crove) tion cost = 12 % 6 load factor interes T and 6 cont (juelt taxation) = 60%

Answers

The operational cost of a power plant is a critical factor to consider when deciding whether to invest in the power plant or not. The operational cost of a power plant comprises of installation, running, and electricity generation costs. The following is a calculation of the operational cost of the XYZ power plant.

Maintenance cost is the cost of maintaining the power plant, and repair cost is the cost of repairing the power plant. Assuming that the running cost of the XYZ power plant is 0.25 crore per MW, then:

Running cost = (Fuel cost + Labor cost + Maintenance cost + Repair cost) * (300 * 0.6)

Electricity Generation Cost The electricity generation cost refers to the cost of generating one unit of electricity. The formula for calculating the electricity generation cost of a power plant is as follows:

Electricity generation cost = (Running cost + Interest + Depreciation + Taxation) / (Capacity of the plant * Load factor * 365 * 24)

A Total operational cost = Capital cost + (Electricity generation cost * Units generated)

Units generated = Capacity of the plant * Load factor * 365 * 24 * Power factor

Assuming that the power factor of the XYZ power plant is 0.9, then: Units generated = 300 * 0.6 * 365 * 24 * 0.9

Units generated = 1,576,640,000 units

Total operational cost = 1050 + (1.63 * 1,576,640,000)

Total operational cost = 2571.88 crore

Therefore, the operational cost of the XYZ power plant is 2571.88 crore.

To know more about power factor visit :

https://brainly.com/question/31423556

#SPJ11

What is the difference between head of household and married filing jointly?.

Answers

A head of household filer cannot be considered married so this filing status is the polar opposite of married filing jointly. If you do happen to have a spouse, she cannot have lived with you after June 30 – the last six months of the tax year. “Temporary” absences from your home don't count as living apart

what are two resources within you that are important when choosing a career you would like

Answers

Answer:

Your happiness


education and training


social environment

Explanation:

30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them​

Answers

I’d probably ignore them.. it is kinda creepy,
Ask them why they want to know. Sorry if its wrong

four reasons why Corona virus could be harmful to economic growth??​

Answers

Answer:

Employees have to be let go because social distancing is a thing

Businesses are not getting enough customers because of quarantine, which leads to them shutting down

Factories that supply stores are shut down to prevent spread in factory lines

For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability

A coating machine costs $125,000. The coating solution costs $.15 per piece. You expect the coating machine to coat 50,000 parts over its useful life. What is the machine cost per part?

Answers

Answer:

$17.50

Explanation:

Cost of 50,000 times coating solution:

15 * 50,000 = 750,000 ($)

So 750,000 + 125,000 = 875,000 ($) ← Total cost

Single cost is 875000 ÷  50,000 = 17.5 ($)

Mark Adler earned $1,963. 71 salary per month as an assistant technician at a recording studio. His new job pays $9. 80 per hour with time and a half for all hours over 40 hours per week. How many hours of overtime per week will he have to work to earn the same amount per week at his current job?

Answers

To earn the same amount per week at his current job, Mark Adler needs to make $1,963.71 / 4 = $490.93 per week.

Let's first calculate Mark's regular hourly rate at his new job:

$9.80 per hour x 40 hours = $392.00 per week

To earn the remaining amount he needs, Mark must work overtime at a rate of time and a half:

$490.93 - $392.00 = $98.93 per week

$98.93 / 1.5 = $65.95 per week

Mark needs to earn an additional $65.95 per week through overtime.

Since Mark's regular hourly rate is $9.80 per hour, his overtime rate would be $9.80 x 1.5 = $14.70 per hour.

Thus, Mark needs to work overtime for $65.95 / $14.70 per hour = 4.49 hours per week, which we can round up to 5 hours per week. Therefore, he needs to work 5 hours of overtime per week to earn the same amount at his new job as he did at his old job

To know more about   amount click this link -

brainly.com/question/31538664

#SPJ11

Which of the following would be the best place to discuss your interests or extracurricular activities?

A. Internship
B. Cover letter
C. Résumé
D. Thank you letter

Answers

Answer:

B. A cover letter

Explanation:

An internship is a student working in an organization, a cover letter (which is the right answer) can state your interests or extracurricular activities to show your interest in taking the job, a resume is for your past job experiences and a thank you letter is... a thank you letter-

the amount of money you may earn over time is called

Answers

The amount of money you may earn over time is called Future Earnings Potential. Amount that you might make in your lifetime. Demographics. Individual traits like age, gender, race, income, and so forth.

What is Future Earnings Potential?

Earning potential is the anticipated increase in total return that an investor might anticipate from holding an investment (capital gains plus dividends and cash flows). Ratio analysis is a tool used by fundamental analysts to estimate a company's earning potential for investors.

Total future values of your contracts less your compensation, the payroll of the company, and other fixed costs. Your projected future business income is represented by the resulting number.

Let's start with the definition of your earning potential (income potential): this is the sum of money you should be able to accumulate over the course of a certain period of time. In other words, this is a reference to your potential for financial gain. Earning potentials are often determined by the highest wage in a given industry or profession.

To learn more about Future Earnings Potential visit:https://brainly.com/question/25671575

#SPJ9

Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause:

Answers

Assuming cars are standard items, an increase in consumer income will, other things being equal, result in an increase in demand for cars.

Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause an increase in the demand for automobiles.

What is the Law of Demand?

The law of demand is an economic principle that states that consumers will buy more of a good when its price is lower and less of it when its price is higher. Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause an increase in the demand for automobiles.

What are normal goods?

Normal goods are goods for which the demand rises as income rises and decreases as income decreases. Luxury goods, such as expensive cars, are examples of normal goods. The demand for a normal product will decrease as income falls, and it will increase as income rises, other things being equal. The other things that need to be equal are prices of the good, prices of other goods, and consumer tastes, among other factors.

To know more about Demand, visit:

https://brainly.com/question/30703626

#SPJ11

Other Questions
give two reasons why men and women become victims of violence Determine whether or not the given value is a solution for the equation. Answer Yes or Noy/12=2;y=24 Which word most clearly describes the tone of a letter?O A. OrganizedB. InconsistentC. AngryO D. Wordy Can yall help me ASAP A. Interpret f(1400)=60B. What might have caused the graph to begin increasing at 800 text messages Rank the following radicals in order of decreasing stability. Evaluate the expression, given functions f , and g :f(x) =7x4 g(x) =11x2 3f(1)4g(2)= Number it is important to use a small filter paper disk on top of the glass frit filter because Measurements show that the enthalpy of a mixture of gaseous reactants increases by 319kJ during a certain chemical reaction, which is carried out at a constant pressure. Furthermore, by carefully monitoring the volume change it is determined that 92kJ of work is done on the mixture during the reaction. Calculate the change of energy of the gas mixture during the reaction in kJ. The minimum amount of detail permitted by GAAP for governmental fund expenditure classifications in the basic financial statements is byA. fundB. function (or program)C. Fund and function (or program)D. fund, function (or program), organizational unit, and activity. What three parts do both the U.S. Constitution and the Florida Constitution include?A)Beginning, Middle, and EndB)Preamble, Amendments, and RevisionsoPreamble, Articles, and AmendmentsD)Introduction, Structures, and Changes Olfactory receptors most closely resemble which protein in structure and mechanism of action? after analyzing the image, why might this portrayal have appealed to some whites, north and south? how would whittlesey and other bureau supporters have responded? How did the Aryan caste system influence Indian culture?A.The caste created a religious order that formed the Hindu religion.B. The caste allowed Aryans and ancient indians to communicate.C. The caste kept ancient indians from living in cities controlled by aryans.D. The caste enforced a class structure based on family heritage and money.100 points and brainliest if you get it right..... (e) Network topologies refers to fundamental layout of a network and describes paths between the nodes. Elaborate what happens when a node is faulty in the following network topologies: (i) (ii) (iii) Mesh topology Star Topology Ring Topology the depiction in italian renaissance paintings of costume is generally quite detailed and accurate, except for those of ordinary people. true false PLS ANWSER ASAP!!!! How has industrialization affected the environment? Choose three correct answers.The burning of fossil fuels has caused pollution.High demand for natural resources has led to overuse and scarcity.Industrialization has resulted in less air pollution.The loss of habitat has led to increased biodiversity.The release of greenhouse gases has contributed to climate change. This city was built in the interior region in the mid-1950s. ?? Buines lawThe categorical imperative is the essential base component of:1- the Protestant Ethic.2- Rawl's social contract.3- consequentialism.4- Kant's duty ethics.5- Utiliarianism. So that AM:MB = 3:2 and N is the midpoint of CM If the area of CNB is 35 in2, find the area of CMB, AMC, and ABC