Answer:
The amount which is to be debited to the account of Patents is $35,000
Explanation:
Patent is the right which is given to an investor to stop other people or an individual using or making their invention.
So, company incurred $150,000 for the research and development costs in order to develop the patent and $35,000 is paid for legal fees.
Therefore, the amount of $35,000, is the aggregate amount of patent as it is paid in obtaining the patent.
Answer:
c. −$80.
Explanation:
The computation of the economic profit is shown below:
Economic profit = Total revenue - Cost of seeds - Earning foregone
where,
Total sales revenue is $300
Cost of seeds is $130
And, the earning foregone is
= 10 hours × $25
= $250
So, the economic profit is
= $300 - $130 - $250
= -$80
We simply applied the above formula to determine the economic profit
Answer:
The total medical expenses deductible before the 10% limitation is 2090
Explanation:
Solution
Recall that:
The Total expenses included is stated as follows:
Th Hotel room is = $150 * two rooms * three nights
Mileage of = $900,
Miles = 1000
Doctor's bill ins an Francisco = 1,600
Now,
To next step is to find the total medical expenses deductible before the 10% limitation is given as follows:
Doctor's bill = 1,600
The total expenses i hotel room is calculated as :150 * 1 *3 = 450
So,
The total = 1600 + 450 = 2050
It is also important to know that only 10% of the expense stay for the accompanied person is permitted
Therefore,
450*10% =45
Total 2050+45 = 2090
Answer:
The answer is $99700
Explanation:
Net cash from operating activity= Net income + Depreciation - increase in net working capital.
Net cash from operating activity= $96,200 + $6,300 - $2,800= $99700
Answer:The product margin for product M5 is $7,385
Explanation:
To calculate the product margin for product M5,
Processing 3,870 ÷ 9,000
= 0.43 per MH
Supervising 25,000 ÷ 1,000
= $25 per batch
To calculate the overhead cost for product M5
Processing 0.43 per MH × 500
= $215
Supervising $25 per batch × 500 batches
= $12,500
Total = $12,500 + $215
= $12,715
To calculate the product margin for product M5 under activity based costing
$
Sales. 95,400
Less:
Direct materials 32,500
Direct Labour 42,800
----------------
Prime Cost. 75,300
Add: Overhead 12,715
----------------
Total Cost of production. 88,015
-----------------
Product Margin. 7,385
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