Presented below is information related to copyrights owned by Ivanhoe Company at December 31, 2020.
Cost $8,620,000
Carrying amount 4,300,000
Expected future net cash flows 4,180,000
Fair value 3,440,000
Assume that Ivanhoe Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is estimated to have a remaining useful life of 10 years.
Required:
(a) Prepare the journal entry to record the impairment of the asset at December 31, 2020. The company does not use accumulated amortization accounts.(b) Prepare the journal entry to record amortization expense for 2021 related to the copyrights

Answer:

four

Explanation:

The answer is four because the dictionary definition is "in order to gain a strategic advantage and increase one's payoff." If you have an advantage than it doesn't matter what your opponent does. So there for the answer is #4.

a. The  threshold of profitability is the break-even point which is the level of production at which the total revenue equals the total costs which in this case is 5,500 units.

Break-even point is a business term that refers to the point at which a company's revenue from sales equals its total expenses, resulting in zero profit or loss. At the break-even point, the company is not making a profit, but it is also not incurring a loss.

It can also be used to analyze the profitability of different pricing strategies and help with decision-making on investments, expansion plans, and other financial decisions.

In the above case of company ABC, the break-even point is  5,500 units.

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The invisible hand and the national competitive advantage showed how traders compete in the market and how an economy gains an advantage over others.

According to Adam Smith, the forces of demand and supply are vital for an economy to achieve equilibrium. He stated that the government had a minimal role to play in the economy.

According to Michael Porter, he stated that the competitiveness of a nation has to do with the capacity of the industries regarding innovation and upgrade.

Despite the advantages of free trade such as more factor earnings comparative cost advantage, enlarged market, etc. Some of its disadvantages include an unfavorable balance of payment, unhealthy competition, reduction in self-sufficiency, etc.

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Answer:

would it be sales representative since they were only able to replace the device and apologize

Answer:

customer service

Explanation:

I'm smart and got it right on my test

Answer:

Arithmetic average return = 7.23%

Geometric average return=6.44%

Explanation:

Calculation for the Arithmetic average return

First step is to calculate the return for each year

Using this formula

Return=(Current year price amount-Previous price amount + Current year dividend)/ Previous year price amount ×100

Let plug in the formula

Year 1 Return= ($71.60-$64.73 + $.68) / $64.73

Year 1 Return=$7.55/$64.73

Year 1 Return= 11.66%

Year 2 Return= ($77.40-$71.60 + $.73) / $71.60

Year 2 Return=$6.53=$71.60

Year 2 Return = 9.12%

Year 3 Return= ($63.67-$77.40 +$ .79) / $77.40 Year 3 Return=$-12.94/$77.40

Year 3 Return=-16.72%

Year 4 Return= ($73.91-$63.67 +$ .88) / $63.67

Year 4 Return=$11.12/$63.67

Year 4 Return = 17.47%

Year 5 Return= ($83.75-$73.91 + $.95) / $73.91 Year 5 Return=$10.79/$73.91

Year 5 Return= 14.60%

The second step is to calculate the arithmetic average return

Using the formula

Arithmetic average return = (Addition of the each year return percentage /Numbers of years)

Let plug in the formula

Arithmetic average return (.1166 + .0912-.1672 + .1747 + .1460) / 5

Arithmetic average return =0.3613/5

Arithmetic average return = .0723 ×100

Arithmetic average return = 7.23%

Calculation for the geometric average return

Using this formula

Geometric average return=(1+Each year return percentage)^1/Numbers of years-1)

Let plug in the formula

Geometric average return== [(1 + .1166)×(1 + .0912)×(1-.1672)×(1 + .1747)×(1 + .1460)]^1/5-1

Geometric average return=[(1.1166)×(1.0912)(0.8328)×(1.1747)×(1.146)]^1/5-1

Geometric average return=(1.366011)^1/5-1

Geometric average return=1.0644

Geometric average return=1.0644-1

Geometric average return=0.0644

Geometric average return=0.0644 ×100

Geometric average return=6.44%

Therefore the Arithmetic average return is 7.23% while Geometric average return is 6.44%.

Here is an example of a three-day activity log:

Day 1:

Time Sleep Personal Travel Work School Fitness Recreation Volunteer

12:01-1:00 1

1:00-2:00 1

2:00-3:00 1

3:00-4:00 1

4:00-5:00 1

5:00-6:00 1 1

6:00-7:00 1 1

7:00-8:00 1 1

8:00-9:00 1 1

9:00-10:00 1 1

10:00-11:00 1 1

11:00-12:00 1 1

12:00-1:00 1

1:00-2:00 1

2:00-3:00 1

Day 2:

Time Sleep Personal Travel Work School Fitness Recreation Volunteer

12:01-1:00 1

1:00-2:00 1

2:00-3:00 1

3:00-4:00 1

4:00-5:00 1

5:00-6:00 1 1

6:00-7:00 1 1

7:00-8:00 1 1

8:00-9:00 1 1

9:00-10:00 1 1

10:00-11:00 1 1

11:00-12:00 1 1

12:00-1:00 1

1:00-2:00 1

2:00-3:00 1

Day 3:

Time Sleep Personal Travel Work School Fitness Recreation Volunteer

12:01-1:00 1

1:00-2:00 1

2:00-3:00 1

3:00-4:00 1

4:00-5:00 1

5:00-6:00 1 1

6:00-7:00 1 1

7:00-8:00 1 1

8:00-9:00 1 1

9:00-10:00 1 1

10:00-11:00 1 1

11:00-12:00 1 1

12:00-1:00 1

1:00-2:00 1

2:00-3:00 1

Note: The actual activities and time allocation would depend on the individual's personal and work life. This is just an example to illustrate how the log can be filled out.

It's important to be honest and accurate while filling out the log to get the most benefit from it.

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One of the most beneficial number formats is the proportion (%) format. It shows values as percentages, such as 20% or 55%. This is specially useful when calculating matters like the value of income tax or a tip.

A income tax ID is a range supplied to you through your country tax authority after you register with them to gather taxes. This number is issued by using states to permit you to cost taxes there. You want a sales tax ID variety solely if you determine that you want to cost taxes in a unique state.

GSTIN is the Goods and Services Tax Identification Number. It is a tax registration range that comes under the Goods and Services Tax (GST). This is a 15-digit number that is assigned state-wise to every taxpayer.

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Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.

Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.

In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.

Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.

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Answer:

e. Profits will be shared in the proportion specified in the partnership agreement.

Explanation:

Partnership agreement is the governing document of an partnership. The agreement consist of how profit will be shared and has been agreed right before the partnership contract become become binding. Thus, the fact that Juan does 70% of the work and Carl does 30% of work does not specifies nor idicate profit sharing. Also, the fact that Carl invested 60% of the money required to start the business does not specify profit sharing as well. The profit sharing agreement is in the partnership agreement.

Answer:

True

Explanation:

snce rita times 4 to the power of rodriquez is 24 then this is proven to be true

Answer:

There 401k or other retirement accounts

Explanation:

most people are provided these through there jobs and are provided so they do not have to do any research themselves

According to the author, a bad yelling boss is one who yells for no reason or who yells in a way that is abusive or demeaning.

Yelling can be a form of bullying, and it can create a hostile work environment. It can also lead to decreased productivity, increased stress, and decreased morale.

Some signs of a bad yelling boss according to the author include:

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The source is from an excerpt on Toxic Working Environments.

Answer:

Opening Capital = closing capital + drawings - additional capital - profit + loss.

Explanation:

The opening capital is the balanced equalization exhibited around the beginning of an accounting period.

The type of payment plan would be given to the customer is installment method where accounting is easier to record transaction.

To split payments there are various methods that are approached in the accounting process and are very helpful but the most helpful method is the installment method which make both debtor and creditor in a profitable relationship.

Installment method helps to record transactions with ease and remember the payment amount with each approached premium to be paid in the form of cash or credit.

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Answer:

B

Explanation:

I PUT IT ON BABY

When using ladders, employees must be properly outfitted. As a result, choice (C) is the best way to respond.

Any article of clothing worn on the head is referred to as headgear, headwear, or headdress. Examples include hats, helmets, turbans, and many other styles. Headgear is worn for a variety of reasons, such as social customs, ornamentation, protection from the elements, or for religious or cultural reasons.

Helmets are made to prevent injuries to the head and occasionally the neck. They often provide protection from blows and are stiff. In combat, on construction sites, and in many contact sports, helmets are a common sight (most commonly being associated with American football).

They are required by law in the majority of the United States for anyone operating a variety of vehicles, including motorcycles, and occasionally extend to bicycles and skateboards.

Hence, option (C) is accurate.

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Answer:

Here's a few

Explanation:

Use unique passwords for every account. You probably know that having a strong password is important.

Leverage two-factor authentication.

Be cautious of public Wi-Fi.

Update and patch your software regularly.

Install ad blockers.

Utilize features and tools provided by your bank.

a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).

ii) The break-even number of cakes is approximately 21.42 cakes.

b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.

a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.

Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.

We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.

After performing the calculations, we obtain the following results:

a = 4.07 (fixed cost)

b = 0.81 (unit cost)

Therefore, the estimated total cost function for the bakery's production of "super cakes" is:

Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)

ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).

Setting the total cost function equal to the revenue function, we have:

4.07 + 0.81 * Number of cakes = 10 * Number of cakes

Simplifying the equation, we find:

0.19 * Number of cakes = 4.07

Dividing both sides by 0.19, we get:

Number of cakes = 21.42

Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.

b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.

Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33

Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71

From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.

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The answer is "PI is less than 1" so, the project should not be accepted.

The computation of the Pi is shown below:

As we know that,

Profitability index = Present value of cash inflows ÷ Initial investment

The Present value of cash inflows:

PVA = Periodic amount ×  (1 - (1 + interest rate) - time period ÷ interest rate)

= $67,000 ×  (1 - (1 + 13%) - 7 ÷ 13%)

= $67,000 × (1 - ( 1+ 0.13) - 7 ÷ 0.13)

= $67,000 × (1 - ( 1.13) -7 ÷ 0.13)

= $67,000 × (1 - 0.42506064374) ÷ 0.13)

= $67,000 × (0.57493935626 ÷ 0.13)

= $67000 × 4.422610432

= $296,314.90

Now the Profitability index is

= $296,314.90 ÷ $325,000

= 0.9117

As, the PI < 1 so the project should not be accepted.

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Farmers' markets: The typical farmers' market may be the closest thing to ideal competition that exists in the real world. Small customers  producers charge relatively similar pricing for products that are almost equivalent.

Considering that there are so many small producers in the agricultural sector and that they have so little. This industry perhaps displays the closest thing to ideal competition because of its control over the selling pricing of their products. Monopolistic Competition Despite the fact that numerous businesses use customers marketing techniques and recipes, McDonald's is nonetheless distinct. Because the products are not uniform, the market cannot be completely competitive.

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It is true that study of the business law does not involve an ethical dimension.

All the laws that specify how to establish and operate a business are included in the category of "business law." This covers every law that controls how to launch, acquire, run, close, or sell any kind of business. All firms must abide by the laws governing business. A competent businessperson will have a general understanding of business regulations and know when to see a licenced attorney. State, federal, and administrative regulations are all included in business law. Company law spends a lot of time discussing various business groups. Each type must be formed and operated in accordance with specific legislation. Laws governing organisations like corporations, partnerships, and limited liability firms are included in this.

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Inventory control is a process of maintaining the right amount of parts and products in stock to avoid shortages, overstocks, and other expensive problems that might arise in the future.

The purpose of inventory control is to reduce the number of slow-selling products that a company purchases and to increase the number of high-selling products that are purchased. As a result, businesses are able to save time and money. This is because they don't have to spend a lot of time and effort reordering goods that they don't really need, or receiving goods they don't actually need. As an additional benefit, these products are not stored in warehouses at all, which means that transportation costs are reduced and space is freed up for fast-moving finished goods, which is a further benefit.

It is critical to understand that using inventory control can help you avoid making rash decisions, as well as avoiding the pain and expense associated with overstocking your shelves. As its name suggests, inventory control helps you maintain control over your inventory level. This helps you make the best use of your resources and avoid product spoilage and obsolescence.

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Before deciding upon whether to purchase or lease drilling equipment, a helpful analysis entails cogitating the respective net present values (NPV) of both options while minding the business's cost of capital at 12%.

• Initial expenditure: $55,000

• Yearly loan payment approximating $5,936.98 (at 6% interest over 14 years).

• Annual maintenance expenditure: $550.

• Tax savings from Capital Cost Allowance (CCA): Highest in Year 1 with approximately $8,250, relenting afterwards.

• Salvage value - $5,500.

• Yearly lease installment: $4,250.

• Tax savings from lease repayment amounting to around $1,062.50.

• Net annual leasing payment tallying – $3,187.50.

Calculate and analyze each course of action’s NPV.

Choose whichever offers the elevated NPV accounting for any stipulated information and suppositions; still, it is fundamental for one to take stock of other boundaries such as market moods, interest levels, and fisc regulations, in order to obtain an informed judgment on the matter.

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Answer:

$138,000

Explanation:

Based on the information given the value at which the land should be recorded is 138,000 reason been that we were told that the repairer which is Obermayer Repair Service accepted the seller's counteroffer of the amount of $138,000 and based on accounting principle of COST CONCEPT the land should be recorded at the value or amount of $138,000 which is the seller's counteroffer amount that was accepted by Gallatin Repair Service.

Its goal is to reduce monetary uncertainty and make accidental loss manageable. It does this substituting charge of a small, regarded fee—an insurance premium—to a expert insurer in trade for the assumption of the risk a large loss, and a promise to pay in the tournament of such a loss

It involves taking steps to decrease the likelihood of things going wrong, a thought acknowledged as loss control. It also entails the purchasing of insurance to reduce the economic influence of unfavorable occasions on a business enterprise when, in spite of your first-class efforts, bad matters happen.

Pay for urgent clinical expenses to save the existence of an insured individual if that is needed. Meet an insured person's debts and different financial commitments in the match of death.

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Answer:

During the times of opening, the business can offer lucrative and attractive discounts and deals such as buy one get one free deals or opening offers or different deals and discounts to gain competitive business advantage.

Explanation:

Answer:

False

Explanation:

It is FALSE that Month-end and Year-end process helps to write-off bad debts.

This is because both month-end and year-end processes are processes specifically carried out to adjust all account balances to make and depict the actual financial activities of the firm. This assists the firm's management team to make a further decision, but not to just write-off bad debts.

Bad debt is written off only when a customer invoice is deemed to be uncollectible.

Skill-based training can be incredibly helpful in preparing you for future unemployment community service by equipping you with the tools and abilities necessary to succeed in the job market.

Skill-based training can provide you with the specific skills and knowledge required for your desired job or industry. By gaining these skills, you will be more marketable and valuable to potential employers.

Skill-based training can help you become more flexible and adaptable in the face of changing job requirements or industries. You may be able to take on new tasks or roles more easily and be better equipped to pivot your career path.

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The one options that is evident in the scenario regarding the costs of planning is: d. Planning may create rigidity.​

According to Mr. Swart's planning methodology, once objectives have been stated, managers are not permitted to stray from them.

This suggests that rigidity may have been a result of the planning process since it prevents flexibility or adaptability in response to a changing environment. While planning is crucial for providing direction and organizing efforts, if it is applied too strictly, it may also breed inflexibility.

Therefore the correct option is D.

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Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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