Indicate what the intangible asset account balances should be on December 31, 2022. Goodwill $ 36000 Patent $ 56000 Franchise s $ 30000 eTextbook and Media List of Accounts
Answers
The intangible asset account balances on December 31, 2022, should be Goodwill: $36000, Patent: $56000, Franchise: $30000.
The intangible asset account balances refer to the financial statement item that describes the value of intangible assets owned by a business. Intangible assets are assets that are not physical in nature, such as patents, trademarks, copyrights, and goodwill.As for the given question, the intangible asset account balances on December 31, 2022 should be $36000 for Goodwill, $56000 for Patent, and $30000 for Franchise. Therefore, the total intangible asset account balances on December 31, 2022 would be $122000.On December 31, 2022, the intangible asset account balances should be as follows:
1. Goodwill: $36,000
2. Patent: $56,000
3. Franchise: $30,000These balances are based on the information provided in the eTextbook and Media List of Accounts.
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Related Questions
the role of an art director is to multiple choice create the words and concepts for ads and commercials. determine the design and look and feel of the ad. take ultimate responsibility for the creative product and final ad. develop the verbal message and the copy within a print ad. act as the head of a creative team of agency copywriters and artists.
Answers
Take ultimate responsibility for the creative product and final ad is the role of an art director. Hence, option C is correct.
What is art director?
Art directors choose which photographs, pieces of art, or other design elements to employ. Art directors provide the visual style and images that are utilized in periodicals, newspapers, commercial packaging, and film and television productions. They create the overall plan and provide guidance to others who create the artwork or layouts.
A "art director" is a professional who makes up a creative team in an advertising agency, similar to a "copywriter." However, in the context of design, it alludes to a hierarchical level and the leader of a team of designers.
Thus, option C is correct.
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hoops incorporated sells basketballs. each basketball requires direct materials of $20.00, direct labor of $13.50, variable overhead of $14.50, and variable selling, general, and administrative costs of $12.00. the company has fixed overhead of $76,500 and fixed selling, general, and administrative costs of $83,500. the company has a target profit of $80,000. it expects to produce and sell 20,000 basketballs. the selling price per unit under the variable cost method is:
Answers
The selling price per unit under the variable cost method is $80.00.
To calculate the selling price per unit, we need to consider both the variable costs and the fixed costs. Variable cost per unit = Direct materials + Direct labor + Variable overhead + Variable selling, general, and administrative costs
Variable cost per unit = $20.00 + $13.50 + $14.50 + $12.00
Variable cost per unit = $60.00
Total fixed cost = Fixed overhead + Fixed selling, general, and administrative costs
Total fixed cost = $76,500 + $83,500
Total fixed cost = $160,000
Total cost per unit = Variable cost per unit + (Total fixed cost ÷ Number of units)
Total cost per unit = $60.00 + ($160,000 ÷ 20,000)
Total cost per unit = $68.00
Target profit per unit = Target profit ÷ Number of units
Target profit per unit = $80,000 ÷ 20,000
Target profit per unit = $4.00
Selling price per unit = Total cost per unit + Target profit per unit
Selling price per unit = $68.00 + $4.00
Selling price per unit = $72.00
Therefore, the selling price per unit under the variable cost method is $80.00.
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What quality might be important for someone who works in the Performing Arts pathway of the Arts, A/V Technology, and Communication career cluster? List three specific careers in that pathway and explain how the quality you chose would be important to have in order to succeed in each career.
Answers
Answer:A quality that may be important for someone who works in the performing arts pathway would be to express themselves in whatever way they chose.
Audio and video technology and film - They can express their thinking or feelings through film, movies, videos, pictures etc.
Broadcasting and journalism - If people express their feelings or thoughts in Broadcasting or journalism, it would be through writing or talking.
Visual Arts - Visual arts is exactly what it sounds like, you express yourself through painting, drawing, sculptures, designing, and crafts.
Answer:
One quality that could greatly help one advance in the Performing Arts pathway is creativity.
Explanation:
With creativity one can come up with ideas on their own and make it unique by putting effort into it. Creativeness is a way for someone to express their ideas, views, and methods. Then they can share with others their masterpieces.
Abc company recently held a company picnic. _________ theory would suggest that this kind of event is good because it increases employeesâ ________.
Answers
The Social Exchange Theory would suggest that this kind of event is good because it increases employees' satisfaction and commitment to the company.
According to the Social Exchange Theory, individuals engage in social interactions based on a cost-benefit analysis. In the context of a company picnic, employees perceive the event as a benefit provided by the company.
They receive enjoyment, relaxation, and an opportunity to socialize with colleagues outside the work environment. In return, employees may feel a sense of gratitude and reciprocate by increasing their satisfaction and commitment to the company.
Increased satisfaction and commitment are intangible outcomes that can be challenging to quantify. However, we can gauge the impact by considering indicators such as employee engagement surveys, turnover rates, and employee feedback.
Based on the Social Exchange Theory, holding a company picnic can be beneficial as it promotes employees' satisfaction and commitment. By providing enjoyable experiences and fostering social connections, the company can strengthen its relationship with employees, potentially leading to increased productivity, loyalty, and a positive work environment.
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Float is defined as the:Multiple Choiceamount of cash a company can immediately withdraw from its bank account.difference between book cash and bank cash.change in the cash balance from one accounting period to the next.
Answers
Software that can help business owners and individuals manage their finances, track expenses for taxes, and highlight potential errors in bank and investment accounts falls under the general category of _____ programs.
A)addition
B)IRS
C)accounting
D)inventory
Answers
**20 POINTS
What is one major drawback of globalization?
a) inflation rates have declined significantly because of increased global trade
b) businesses have access to fewer markets when selling their products
c) environmental regulations have gotten in the way of economic growth
d) increased competition can harm businesses in developing countries
Answers
Answer:
d) increased competition can harm businesses in developing countries
Explanation:
Globalization has increased interconnection and interdependence among world economies. International trade has increased due to the relaxation of border restrictions. Due to globalization, many countries, including the developing ones, have liberalized their economies.
For a developing economy, international trade can cause unfair competition to their young industries. Countries with developed economies can produced goods and services in large quantities and with more efficiency. When such goods get to the developing countries, they will be of a higher quality and a lower price. Producers in developing countries will not be able to compete with such imports, which impedes their growth.
if the minimum wage is set above the equilibrium market wage, it group of answer choices does not affect the market equilibrium. is lower than firms are willing to pay for labor. is effective and reduces unemployment. increases unemployment.
Answers
When the minimum wage is set above the equilibrium market wage then it increases unemployment.
How can the minimum wage increase unemployment?When the minimum wage is set at such a point that it is above the equilibrium market wage, then there is a good chance that this can lead to increased unemployment in an industry, market, or nation.
The reason for this is simply that employers would not be willing to pay such a high minimum wage that it above the equilibrium market wage. They will therefore hire less workers than before, thereby meaning more people out of a job.
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why all choices are economic choices?
Answers
Answer:
All choices are economic choices because with every choice we make, we are (sometimes subconsciously) analyzing the costs and benefits of our options. Our choices are guided by self-interest and every choice we make involves some kind of cost, whether it be time or money or something else.
Which of the following is true of the periodic inventory method but not the
perpetual method?
A. A physical inventory count is only done to address an error.
B. The Inventory account is adjusted at the end of the accounting
period.
C. The Inventory account balance changes constantly due to debits
and credits.
D. The Inventory account is credited for the cost of the items sold.
Answers
The Inventory account balance changes constantly due to debits and credits the following is true of the periodic inventory method but not the perpetual method. The correct option is C.
Who uses a perpetual inventory system?The perpetual inventory accounting method, for example, is commonly used in grocery stores. This method is not required for a field service company that sells very few items of stockpile on a monthly basis and generates the majority of its revenue from services.
The periodic inventory system measures inventory levels and the cost of goods sold with an occasional physical count. The perpetual system continuously monitors inventory balances, with updates occurring automatically whenever an order is shipped or sold.
Thus, the ideal selection is option C.
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Trenton is working with a group in his organization that is trying to plan a big event. However, this group is making very little progress. Their meetings are chaotic and unproductive. In addition to adding ground rules like Nala did in the previous scenario, what are three other ways Trenton can improve communication with his team to help them move closer to accomplishing their goals?
Answers
1. Set Clear Goals: Before the team can plan an event, they need to know what the desired outcome is. Trenton should provide the group with a clear set of objectives they need to achieve in order to plan the event successfully.
What is an event?2. Assign Roles: To ensure everyone is on the same page and working towards the same goal, Trenton should assign roles to each member of the group. This will help keep everyone organized and focused on their tasks.
3. Establish Deadlines: Establishing deadlines for tasks will help ensure the team is making progress and staying on track. These deadlines should be realistic but also set a challenge for the team to meet.
4. Foster Open Communication: Open communication is essential for any team to succeed. Trenton should encourage the team to ask questions and provide feedback to ensure everyone is on the same page. He should also create a safe space for members to share ideas without fear of criticism.
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can
someone help with this related to dentistry?
what methods that can be used for filing patient
information?
what is the role of an inventory manager?
what is the purpose for managing accounts re
Answers
Methods that can be used for filing patient information in dentistry include electronic health records (EHRs), paper-based files, and dental practice management software. Each method has its advantages and considerations regarding confidentiality, accessibility, and ease of use.
The role of an inventory manager in dentistry is to oversee the procurement, storage, and distribution of dental supplies, equipment, and materials. They are responsible for maintaining optimal inventory levels, tracking usage, managing vendor relationships, and ensuring cost-effective inventory management practices. The purpose of managing accounts receivable in dentistry is to ensure timely and accurate billing and collection of payments from patients and insurance providers. This involves verifying insurance coverage, submitting claims, following up on outstanding payments, and implementing strategies to minimize accounts receivable aging and improve cash flow for the dental practice.
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PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answers
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
prepare a double entry ledger entries January 3 took out of the cash till$50 and put into the business by cheque Jan 4 the proprietor put a further$5000 in to business by cheque .please I need it quick
Answers
Explanation:
In the first entry, $50 is taken out of the cash till and put into the business as drawings. The effect is a decrease in the cash balance and an increase in the drawings account.
In the second entry, the proprietor puts a further $5000 into the business by cheque. The effect is an increase in the capital account and an increase in the bank balance.
It's important to note that "Drawings" and "Capital" are the accounts used to record the personal transactions of the business owner in this case, it is assumed that the business is a proprietorship. Other forms of business may have different accounts to record the personal transactions of the owne
FILL IN THE BLANK if you are selling your new food product in a grocery store, the ____will be an important tool for helping shoppers notice your product when they are shopping. mandatory nutrition label trademark designation brand associations package design social media feed
Answers
Answer: Slogan
Explanation:
The Central Bank has raised its reserve requirements from 10% to 12%. If Southern Bank finds that it is not holding enough in reserves to meet the higher requirements, then it will likely:Question 22 options: a) keep track of whether money is flowing in or out of the bank. b) borrow overnight from other commercial banks. c) buy bonds to increase the size of its reserve assets. d) reduce the quantity of money and loans on the balance sheet.
Answers
The Central Bank has raised its reserve requirements from 10% to 12%. If Southern Bank finds that it is not holding enough in reserves to meet the higher requirements, then it will likely:
b ) borrow overnight from other commercial banks .
If Southern bank finds that it is not holding enough in reserves to meet higher requirements, then it will likely borrow overnight from other commercial banks.
A commercial bank is a type of financial organization that offers loans, CDs, savings accounts, overdraft protection, and other services to its clients. These organizations profit from the loans they make to people and the interest they charge.
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It was reported that in a country the poorest households spent 30% of their income on their food while the richest households spent 13% on food.
Do these figures mean that the actual amount that the richest households spent on food is lower than that of the poorest household?
Explain your answer
Answers
These figures do not mean that the actual amount that the richest household spent on food is lower than the amount spent by the poorest household because according to Angel's law, the percentage of income allocated for food purchases decreases as a household's income rises, while the percentage spent on other things increases.
What is the theory about income and expenditure?Income and expenditure theory explain fluctuations in the production of goods and services and spending.
Despite the fact that the poorest households are more susceptible to income and food price shocks, they also appear to spend more on non-essential food items, which is counterintuitive. Typically, being the poorest brings up notions of needing more food rather than more food options.
Therefore, These figures do not mean that the actual amount that the richest household spent on food is lower than the amount spent by the poorest household.
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Describe the template of Design document before
training of Sheraton Hotel in detail.
Answers
The design document serves as a blueprint for the Sheraton Hotel training program, providing a comprehensive overview of its objectives, content, methods, logistics, and evaluation.
Design Document Template for Sheraton Hotel Training:
Introduction:
Overview of the training program and its objectives. Background information about Sheraton Hotel and its training needs.
Training Goals and Objectives:
Clearly defined goals and specific learning objectives for the training program. Align the objectives with the needs and challenges of Sheraton Hotel.
Target Audience:
Identify the employees or departments who will participate in the training. Provide a brief profile of the target audience, including their roles and current skill levels.
Training Content and Modules:
Break down the training program into modules or topics. Specify the content to be covered in each module, including key concepts, skills, and knowledge areas. Outline the sequence and duration of each module.
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an engineer in 1950 was earning $6,000 a year. in 2020, she earned $80,000 a year. however, on average, prices in 2020 were higher than in 1950. what was her real income in 2020 in terms of constant 1950 dollars? use the data in table 5.8.
Answers
According to the data, the real income in 2020 is $ 7633.59. As inflation increases prices also, the prices also increase.
What do you mean by real income?Real income, also known as real pay when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account.
To have the best knowledge of their purchasing power, people frequently closely monitor the difference between their nominal and actual income.
Real income is an economic metric that estimates a person's actual purchasing power in the free market after taking inflation into account.
Here,
Calculation of real income:
RI = Income in the current year × (Income in 1950 / Income in 2020)
RI = 80,000 × ( 25 / 262)
RI = $ 7,633.59
Increase in income = Real income in 2020 - Income in 1950
Increase in income = 7,633.59 - 6000
Increase in income = $ 1,633.59
Therefore, according to the data, the real income in 2020 is $ 7633.59. As inflation increases prices also, the prices also increase.
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The complete question is attached with it.
Suppose 2 athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal instalments. In the other case, we're told that the $80 million will be paid in 10 instalments, but the instalments will increase by 5% per year. Who got a better deal and why?
Answers
Answer:
player 2 is signing a better contract
Explanation:
the present value of an annuity (player 1) = annual payment x annuity factor
assuming that the interest rate is 10%
present value = $10 million x 6.1446 (PV annuity factor, 10%, 10 periods) = $61.446 million
player 2's contract
the present value of a growing annuity = [payment / (i - g)] x {1 - [(1 + g) / (1 + i)]ⁿ} = [$10 / (10% - 5%)] x {1 - [(1 + 5%) / (1 + 10%)]¹⁰} = $200 x 0.372 = $74.398 million
You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?
Answers
Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for mealstotal costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
Pls help this is timed
Answers
Answer:
It's the first one Co-signer or gardien to make sure someone will repay
Answer:
The first one: Co-signer or Guaranteer to ensure someone else will repay.
Explanation:
This person is usually a parent of guardian but it's not required that they are. The bank just wants to make sure they'll get their money.
If you could replace all of the grass in the world with something else, what would it be and why?
Answers
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
On average, for every $1.00 that is collected by the credit card companies in principal, how much is collected in interest and fees?
Answers
Answer:
On average for every $1.00, the credit companies collectection in total is 1.50.
Explanation:
On average for every $1.00, the credit companies collectection in total is 1.50.
Choosing the higher education institution with the cheapest sticker price
might be a bad idea because
A.)sticker prices always have hidden costs which may increase the overall costs
B.)cheaper schools usually charge more for housing which is not a part of a
sticker price
C.)cheaper schools usually will not allow you to apply for financial aid
D.)more expensive schools may be cheaper once the net cost has been
determined
Answers
Answer: D. more expensive schools may be cheaper once the net cost has been determined
Explanation:
Choosing the higher education institution with the cheapest sticker price might be a bad idea because more expensive schools may be cheaper once the net cost has been determined.
It should be noted that sticker prices with regards to higher education scan sometimes give false information about the fees which will be eventually be paid. This is because one ma eventually find out that the total fees that were paid in the assumed cheaper school may be more than the expensive school once the net cost has been calculated and determined.
In order for one to be able to make a thorough decision on one's choice of school, higher institutions should provide better and more detailed information regarding the amount that students will pay in their schools net of grants or maybe scholarships.
The higher education institution and the sticker price are directly related to each other higher the education system higher will be the sticker price that is the total cost of the yearly tuition, books, room rents, and other fees that are charged within the institutions.
Choosing the higher education and the cheaper sticker price is a bad idea because:
Option D. more expensive schools may be cheaper once the net cost has been determined.
The higher education and cheaper sticker price are bad because the sticker prices quoted about the fees sometimes gives false information that will be eventually paid in the future once the net cost has been calculated and determined.
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a firm finds that as it adds workers, each worker is adding less and less output to the production process. what must be true about average cost?
Answers
Average cost is increasing must be true about average cost .
What does "average cost" mean?
In economics, average cost or unit cost is determined by dividing the total cost (TC) by the quantity of a good produced (the output Q). The choice of how much to charge for commodities by businesses is strongly influenced by average cost.What is an example of typical cost?
The weighted-average cost is calculated by dividing the total inventory purchased during the quarter ($113,300) by the total inventory count from that quarter (100), yielding an average cost per unit of $1,133.
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A celebrity tells the paparazzi where to be so they can be photographed with their newest date: the son of a
politician who opposes the type of media the celebrity appears in. What marketing concept MOST closely describes
the celebrity's actions?
push marketing
pull marketing
O
buzz
O
hype
Answers
In case whereby A celebrity tells the paparazzi where to be so they can be photographed with their newest date and the son of a politician who opposes the type of media the celebrity appears the marketing concept that describes celebrity's actions is Push marketing.
What is Push marketing?Push marketing can be described as the type of marketing which is been considered as the traditional avenues of advertising and marketing, which can make use of the series of television ads so tat they can promotion about the products for more sales in the company.
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A firm’s period between paying suppliers for products and collecting funds from customers who purchase these products is referred to as the?
Answers
The period between paying suppliers for products and collecting funds from customers who purchase these products is referred to as the "cash conversion cycle" or simply the "operating cycle" of a firm.
It measures the time it takes for a company to convert its investments in inventory and other resources into cash inflows from sales. The cash conversion cycle includes the time taken to acquire raw materials, convert them into finished goods, sell the products to customers, and collect payment from customers. Managing and minimizing the cash conversion cycle is crucial for maintaining liquidity and optimizing cash flow within a business.
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Candace just accepted her first job paying a $48,000 salary and is planning to take a $5,000 vacation cruise throughout Europe for 2 weeks. She is debating whether to take the trip now and finance it with a promotion from the travel company offering no payments for a year at a monthly periodic rate of 1%, or wait the year and save to pay for the trip. If she takes the trip now she will start her career 2 weeks late. Approximately how much would she save by waiting a year and not taking her unpaid time from work to travel?
a. $2,480.
b. $634.
c. $1,557.
d. $600.
Answers
Candace would save $1557 by waiting year and not taking her unpaid time from work.
What is unpaid time?Unpaid time is time that an employee takes off from work but is not compensated for. This can include vacation days, personal days, or time off for reasons including work illness or family issues. Employees who take unpaid time may be entitled for other benefits such as paid time off (PTO) or sick leave, but they are not compensated for the time they are gone from work. Employers may mandate employees to take unpaid time off for a variety of reasons, such as financial restrictions, or they may provide it as an alternative for employees who have exhausted their paid time off. Employees' financial situations might suffer as a result of unpaid time since they lose money.
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Should businesses & corporations make political statements?
Answers
Answer:
yes for reaching facts evaluation