Which of the following choices best describes why it is difficult to start a self improvement plan?

Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so

fomenos

Answer:

"Pursuit of monopoly power" is the correct solution,

Explanation:

Through a party, the shareholders of such a monopoly have had the authority to adjust rates, eliminate rivals, thereby dominate the competition within the specific geographical region.
Antitrust laws in the United States discourage monopolies and whatever other practices which unduly restrict competitor's commerce. The form of trade restriction shown by this illustration is the acquisition of monopoly control.

Therefore the answer to the above was its right one.

7 0

2 years ago

During 2016, Monty Corporation spent $156,960 in research and development costs. As a result, a new product called the New Age P

MAXImum [283]

Answer:

The entries during 2016 are as follows:

- Intangible asset (R&D) $156960

Cash $156960

- Patent $32400

Cash $32400

- Patent amortization expense $3240

Patent $3240

Explanation:

According to IAS 38 (Intangible assets), research and development costs should only be capitalized (recorded as intangible assets) when all of the following criteria is met.

1- The entity intends to complete the development of research findings.

2- The costs of research and development can be reliably measured.

3- There are adequate resources available for the development and development has technical feasibility.

4- It's probable that future economic benefits will flow to the entity.

Given the data in the question, all of the requirements are met under IAS 38 and hence the research and development costs are capitalized (recorded as an intangible asset). Secondly, the patent is also an intangible non-current asset.

The entries during 2016 are as follows:

- Intangible asset (R&D) $156960

Cash $156960

- Patent $32400

Cash $32400

- Patent amortization expense $3240

Patent $3240

Patent amortization is calculated by dividing the cost of patent upon it's useful life (i.e $32400÷10).

4 0

2 years ago

Denton Company manufactures and sells a single product. Cost data for the product are given below:

marissa [1.9K]

Answer:

1. The unit product cost under absorption costing and variable costing.

Product Cost : Absorption Costing = $23,44

Product Cost : Variable Costing = $19.00

2. Contribution format variable costing income statements for July and August.

July August

Sales 1,196,000 1,612,000

Less Cost of Sales : (437,000) (513,000)

Opening Stock 0 76,000

Add Production 513,000 513,000

Less Closing Stock (76,000) (76,000)

Contribution 759,000 1,099,000

Less Expenses :

Selling and administrative expenses

Variable : (23,000) (21,000)

Fixed : (169,000) (169,000)

Net operating income 567,000 909,000

3. Reconcile the variable costing and absorption costing net operating income

July August

Absorption costing net operating income $584,760 $891,240

Add Fixed Costs in Opening Inventory $17,760

Less Fixed Costs in Closing Inventory ($17,760)

Variable costing net operating income $567,000 $909,000

Explanation:

Product Cost : Absorption Costing = All Manufacturing Costs (Fixed and Variable)

= $5+$11+$3+($120,000/27,000)

= $5+$11+$3+$4.44

= $23,44

Product Cost : Variable Costing = Variable Manufacturing Costs

= $5+$11+$3

= $19.00

6 0

1 year ago

You made an investment of $12,000 into an account that paid you an annual interest rate of 3.5 percent for the first 5 years and

Whitepunk [10]

Answer:

interest rate r = 6.78 %

Explanation:

given data

investment = $12,000

interest rate = 3.5 percent = 0.035

time = 5 year

interest rate = 7.9 percent = 0.079

time = next 15 year

to find out

What was your annual rate of return over the entire 20 years

solution

we get here interest rate as

interest rate r = $[(1+r)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1$ ...................1

here t1 is time period for first 5 year and t2 is time i.e next 15 year and r1 and r2 is rate

now put here value we get

interest rate r = $[(1+)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1$

interest rate r = $[(1+0.035)^{5} * (1+0.079)^{15}]^{\frac{1}{5+15}} - 1$

interest rate r = 1.0678 - 1

interest rate r = 0.0678

interest rate r = 6.78 %

4 0

1 year ago

A customer has requested that Lewelling Corporation fill a special order for 2,200 units of product S47 for $38 a unit. While th

lilavasa [31]

The answer is c did

8 0

1 year ago