on october 1, 2021, priscilla purchased a business. of the purchase price, $60,000 is allocated to a patent and $375,000 to goodwill.If required, round your answer to the nearest dollar.
The 2021 § 197 amortization deduction is $

Answers

Answer 1

A taxpayer is entitled to an amortisation deduction with regard to any amortisable section 197 intangible, according to section 197(a).

What is a deduction for amortisation?

Amortization is a method of subtracting specified capital expenses over a predetermined time frame. Because a business's purchase price exceeds the value of its net assets, the idea also applies to intangible property like goodwill.

How long does the 197 amortisation period last?

Regardless of the asset's useful life, you must amortise all acquired intangible assets over 180 months, or 15 years, in accordance with Section 197. Assets covered by Section 197 are amortised using a straight-line method. In other words, you will subtract 1/15th of the amortised asset's acquisition cost per year for 15 years.

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Related Questions

The development of a national market for goods and services within the united states was largely a result of ________.

Answers

Answer:

Improvements in transportation

Explanation:

:)

Explain the tool of monetary policy a government could use to gain positive balance of payment

Answers

Answer:

What is the tool of monetary policy?

Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.

Explanation:

Identify whether each description most likely applies to managerial or financial accounting. 1. Information is available without the need for an audit. 2. Reporting is structured and controlled by GAA

Answers

Information is available without the need for an audit:

Financial accounting.

Reporting is structured and controlled by GAA:

Financial accounting.

Information is available without the need for an audit:

This description most likely applies to financial accounting. Financial accounting involves the preparation and reporting of financial information to external stakeholders such as investors, creditors, and regulatory authorities. The financial statements, such as the balance sheet, income statement, and cash flow statement, are prepared in accordance with generally accepted accounting principles (GAAP) to provide reliable and verifiable information to external users. While audits may be conducted to enhance the credibility and reliability of the financial information, financial accounting provides information that is generally accessible to users without the need for an audit.

Reporting is structured and controlled by GAA

: This description also most likely applies to financial accounting. The term "GAA" refers to Generally Accepted Accounting Principles, which are a set of standard accounting guidelines and practices used in the preparation of financial statements. Financial accounting follows these principles to ensure consistency, comparability, and reliability of financial information. The reporting in financial accounting is structured and governed by GAA, which provides rules and regulations for the preparation, presentation, and disclosure of financial statements. This helps ensure uniformity in financial reporting and facilitates the understanding and analysis of financial information by external users.

Therefore, the first description relates to the availability of information in financial accounting, while the second description pertains to the structure and control of reporting in financial accounting.

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Inequality of income is greater in the United States than in other capitalistic countries. Taking this fact into consideration, what moral obligation, if any, do we have individually and as a society to narrow the gap? What role should the business community play? Defend your answer with ethical argumentation.

Answers

We have a moral obligation, both individually and as a society, to narrow the income gap in order to promote fairness, social justice, and the well-being of all members of society.

The business community should play a role by embracing responsible practices that prioritize equitable distribution of wealth, fair wages, and opportunities for upward mobility.

From an ethical standpoint, the existence of significant income inequality poses challenges to principles of fairness and justice. When a small portion of the population possesses a disproportionate share of wealth and resources, it can result in social unrest, decreased social mobility, and unequal access to basic necessities and opportunities.

Individually, we have a moral obligation to promote a more equitable society through actions such as supporting policies that address income inequality, advocating for fair wages, and engaging in charitable giving to help those in need. As members of a society, we have a collective responsibility to create systems and structures that reduce disparities and ensure that everyone has a chance to thrive.

The business community, being a powerful economic force, has a particular role to play. Ethical arguments suggest that businesses should prioritize more than just profit and shareholder value. They should consider the well-being of all stakeholders, including employees, customers, and the broader community. By implementing fair labor practices, providing livable wages, and investing in community development, businesses can contribute to narrowing the income gap and promoting a more just society.

Overall, the moral obligation to address income inequality arises from considerations of fairness, justice, and human dignity. By recognizing and acting upon this obligation, both individuals and the business community can contribute to creating a more equitable and inclusive society.

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A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?

Answers

a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ

= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)

Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:

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What are the different packaging materials used in petit four?

Answers

Aluminum, plastic, cardboard, glass, and foam

The change in inventories, a component of aggregate supply, comprises roughly __________ of gdp

Answers

The change in inventories, a component of the aggregate supply, comprises roughly 0.5% of GDP. The total amount of merchandise that businesses will produce and sell is known as aggregate supply, or real GDP. The positive association between price level and real GDP in the short run is demonstrated by the upward-sloping.

The aggregate supply curve, also known as the short run aggregate supply curve. The total amount of products and services produced in a given economy is shown as the aggregate supply. If the factor prices dropped, for instance, aggregate supply would increase as a result of the determinant.

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Ics provides a standardized approach to the command control and coordination of:.

Answers

ICS provides a standardized approach to the command control and coordination of On-scene emergency personnel.

What is ICS?

ICS refers to the Incident Command System, which is a system that follows a standardized approach which provides control of emergency and common hierarchy hence, responders from the agencies could be more effective.

On- scene emergency which become vital part of the situation or activity and in this ICS offers a approach to the coordination and command of the emergency personnel.

Hence, ICS provides a standardized approach to the command control and coordination of On-scene emergency personnel.

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when you design a process to achieve the mix of friction and flow that you think will most benefit your customer, what should you do before taking that design to market?

Answers

Before taking a process design to market, there are several steps that you should take to ensure that the mix of friction and flow you have designed will indeed benefit your customer:

Test the process design: Implement the process design in a test environment to see how it performs and whether it achieves the desired mix of friction and flow. This will help you identify any flaws or issues with the design that need to be addressed before taking it to market.

Gather feedback from customers: Solicit feedback from potential customers to understand their needs and preferences. This will help you tailor the process design to better meet their needs and ensure that it is well-received in the market.

Conduct market research: Conduct market research to determine whether there is a demand for the process design and whether it will be competitive in the market. This will help you determine pricing and positioning strategies, as well as identify any potential barriers to adoption.

Develop a marketing plan: Develop a comprehensive marketing plan that outlines how you will promote and sell the process design to customers. This should include strategies for reaching target audiences, positioning the product in the market, and communicating the benefits of the design to potential customers.

Consider scalability: Consider the scalability of the process design and whether it can be adapted to meet the needs of a growing customer base. This will help ensure that the design can continue to benefit customers over the long-term and remain competitive in the market.

By taking these steps before taking a process design to market, you can ensure that you have a well-designed process that meets the needs of your customers and is well-received in the market.

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the financial statements for banana company include the following items: 20x9 20x8 cash $49,500 $42,000 short-term investments 32,000 10,000 net accounts receivable 62,000 49,000 merchandise inventory 166,000 49,000 total assets 535,000 550,000 accounts payable 125,500 125,000 salaries payable 23,000 15,000 long-term note payable 63,000 60,000 compute the current ratio for 20x8.

Answers

The value of current ratio for 20x8 is 1.91%.

In order to compute the current ratio for 20x8 based on the given financial statements for Banana Company, we need to determine the total current assets and total current liabilities for the year 20x8.

Current assets include cash, short-term investments, net accounts receivable, and merchandise inventory.

Therefore,Total current assets for 20x8 = Cash + Short-term investments + Net accounts receivable + Merchandise inventory

= $42,000 + $10,000 + $49,000 + $166,000

= $267,000

Current liabilities include accounts payable and salaries payable.

Therefore,Total current liabilities for 20x8 = Accounts payable + Salaries payable= $125,000 + $15,000

= $140,000

Hence, the current ratio for 20x8 can be computed by dividing the total current assets by the total current liabilities.

Therefore,Current ratio for 20x8 = Total current assets ÷ Total current liabilities

= $267,000 ÷ $140,000

= 1.91 (rounded to two decimal places)Therefore, the current ratio for 20x8 is 1.91.

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Effective problem statements in a business report tend to explain Multiple choice question. what other firms are doing about the problem. the specific context of the problem. numerous other difficulties the organization is facing. the best way to resolve the problem.

Answers

The effective problem statement explains the specific context of the problem and the best way to resolve the problem.

The effective problem statement is a section in a business report that spot a problem & addresses the problem and explains clearly why it is important to address such problem.

Therefore, the Option B and D is correct because the effective problem statement explains the specific context of the problem and the best way to resolve the problem.

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For strong controls over cash receipts, the checks to be deposited should be sent to the treasurer, and the remittance advices should be sent to the accounting department. true false

Answers

True - Sending the treasurer with the cheque to be deposited and the accounting department with the remittance advices will help maintain tight controls over cash receipts.

To stop money from being mishandled and to protect assets, there needs to be strong internal controls. They safeguard the staff members who handle the money as well as the university. Up until they may be deposited, keep cash and checks in a secured, secure location. The location should only be accessible to those who have been given special permission. Any keys should be retrieved or combination changes made if someone with custody responsibility quits their post. Keep in mind that you are liable for any cash or checks that are in your possession.

Make deposits on time. The likelihood of theft or money loss decreases the faster cash and checks can be deposited. Deposits must ideally be made within 24 hours. Deposits can be made weekly if the sums are small (less than $100).

On a monthly basis, confirm the deposit by agreeing Cash Operations deposit slip to the general ledger. Daily balancing of cash registers and credit card readers is required. Over/under amounts need to be watched carefully. It is recommended to keep a dated and signed record of the reconciliation.

A printed recognition of the sum of money received during a transaction involving the transfer of cash or cash equivalents is known as a cash receipt. The vendor gives the consumer the original copy of the cash receipt, keeping the other copy for accounting needs.

Cash receipts are the amounts of money (cash) that you receive from your clients. These boost the amount of cash that is recorded on a company's balance sheet. Sales or collections can be the source of their production. It can be difficult to comprehend the concept of cash receipts.

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A line of credit that allows a borrower to repeatedly use it within a certain monetary amount is considered to be — answer choicesclose-ended creditretirement accounta secured loanopen-ended credit

Answers

A sort of line of credit known as "open-ended credit" allows borrowers to draw on it again up to a certain limit.

What two sorts of currencies are there?

Both expansionary and contractionary monetary policies are used. A contractionary monetary policy is put in place to lessen the quantity of money flowing through the economy.

What exactly does monetary policy entail?

The process of controlling an economy's total amount of money as well as the means by which it is dispersed is known as monetary policy. Monetary policy strategy is influenced by economic factors such the GDP, inflation rate, and sector- and industry-specific growth rates.

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multiple choice questionnew shopping center developments are combining enclosed malls, lifestyle centers, and power centers. what term describes this retailing combination?

Answers

"Hybrid centers" describes this retailing combination.

Hybrid centers are a type of retail center that combines two or more different types of shopping center designs, such as enclosed malls, lifestyle centers, and power centers.

Hybrid centers have gained popularity among developers and retailers as a way to create a new and exciting shopping experience for customers while also maximizing the potential of the retail space.

In addition to offering a diverse shopping experience for customers, hybrid centers may also provide developers with a cost-effective way to build new retail space. By combining several types of shopping center designs into one, developers can save money on construction costs and make better use of the available land.

Hybrid centers can also be a way for retailers to reach a wider audience, as they can offer a variety of different shopping options in one location.

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A bond is actually a(n) _____. (Select all that apply.)


investment

short-term instrument

type of security

debt instrument

Answers

Investment but I’m not sure

2 A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in
quantity supplied

Answers

The price elasticity of demand with an infinite decrease in quantity supplied would be infinite.

Infinite elasticity, also known as perfect elasticity, is a scenario in which either the quantity demanded (Qd) or the quantity supplied (Qs) shifts by an infinite amount in response to any price change at all. This is an extreme example of the concept. The supply curve and the demand curve both have a line in both of these scenarios.

An extreme case would be a demand that is perfectly elastic. When we talk about perfect elastic demand, we imply that the quantity required will go all the way to infinity when the price goes down, but it will go all the way down to zero when the price goes up. You can think of perfectly elastic demand as "all or nothing" when consumers are particularly sensitive to changes in price. This is because consumers in this situation will either buy everything or nothing at all.

Your question is incomplete, but most probably your full question was:

A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in quantity demanded. Calculate the price elasticity of demand?

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what term is used to describe the market-oriented mechanism for advancing the value proposition of innovation?
a. globalization
b. crowdsourcing
c. entrepreneurship
d. financial literacy

Answers

The term used to describe the market-oriented mechanism for advancing the value proposition of innovation is entrepreneurship (Option c).

Entrepreneurship is defined as the process of establishing a new business venture by an entrepreneur in order to make a profit. Entrepreneurship is the process of creating or developing a new business that typically involves discovering or recognizing a new opportunity, marshaling resources, and developing a business model.

The entrepreneur is a risk-taker who is willing to accept the possibility of failure and who is willing to put in long hours of hard work in order to succeed. They must be creative and innovative, as well as being able to spot new opportunities and bring them to fruition. The ability to spot opportunities that others may not see is a key characteristic of successful entrepreneurs.

Entrepreneurship is a market-oriented mechanism that focuses on the value proposition of innovation. Successful entrepreneurs must have a clear understanding of their target market and the needs and desires of their customers. By providing innovative products or services that meet the needs of their customers, entrepreneurs can create a competitive advantage and generate profits.

Therefore, the correct answer is option c. entrepreneurship is the term used to describe the market-oriented mechanism for advancing the value proposition of innovation.

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Write down two or three ways you compare yourself to others.

Answers

Y’all’s daily routines and the type of work you do in a day

Emily wants to find out how to use her savings to make more money. She goes online and finds a great Web site about
doubling your money every day. This information is

reliable and relevant
unreliable and relevant
reliable but Irrelevant
unreliable and irrelevant​

Answers

Answer:

When Emily wants to find out how to use her savings to make more money. She goes online and finds a great Web site about  doubling your money every day.

Unreliable and relevant

Explanation:

The reasons behind this answer are that at the first pace is relevant because she was looking for a place to use her savings to make more money. However, this is not a very reliable source of information because it is a random website and has no way to verify the authenticity and security of the operations that she could potentially make on it.  

Unreliable and relevant

Explanation:

First off it is Very Unreliable because you cant just double your money, that money will NEED to be earned by work which takes time, This is relevant because it seems like a relevant idea to people to just double money but just because this is relevant does not make it Reliable, therefore making this Answer "Unreliable and relevant."

List all the possibilities for your product to get to the hands of consumers:

Answers

ship the product to the customer
1. Selling on Your Own E-Commerce Website (shipping/cargo)
2. Your Own Physical Storefront (people go there and buy)
3. Selling Your Product in Other Stores (people still go to buy the product)
4. Selling on Other E-Commerce Platforms (cargo/shipping)

Which are examples of copyrighted online materials? Check all that apply.

an article from an Internet magazine
lyrics for a song written in the 1800s
photos taken by a student on his blog
a video game that is free for anyone to copy
an illustration sold by an artist on her website
an excerpt from a novel published in 1913

Answers

Answer:

a and d

Explanation:

Answer:

A & E

Explanation:

edge test

Which of the following is usually true
about the demand of consumers who
make more money?
A. They demand less of lower quality products.
B. They demand more of lower quality products.
C. They demand the same amount of lower quality
products.

Answers

Answer:

A

Explanation:

Describe the major components of business conduction plan.

Helppp AHHHH

Answers

Answer:

Heya there!

Here's ya answer.

Executive summary Business description and structure Market research and strategiesManagement and personnel Financial documents Founder (team) and business leadershipCo-workers and business coordination

Explanation:

which is the smallest number that can be divided by 15 16 and 21 leaving a reminder of 3​

Answers

The smallest number will of course be seven; however, you most likely meant the smallest number other than seven.

To meet the criteria stated, n-7 must be a multiple of 15, 21, and 18. Since 0 is a multiple of all numbers, 7 works for this, but to find the second-smallest, we will have to find the smallest number (othed than 0) that is a multiple of all three, the LCM.

We start with the prime factorization of each numbers

15=3×5

21=3×7

18=2×3×3

We now multiply the prime factors together, but factors that multiple numbers have in common ard only counted once. Therefore, the LCM is 2×3×3×5×7. Not that we still multiply by 3 twice because the number 18 has three as a factor twice. However, we don't count it a third our fourth time even though it is a factor of the other numbers. 2×3×3×5×7=630, so 630 is the LCM of 15, 21, and 18. Therefore 637 will have a reminder of 7 when divided by either of them.

The smallest number is 7

If BHD 12000 is invested on June 25, 2022, at 6% interest
compounded semi-annually, find the maturity value and the compound
interest on November 19, 2022.?

Answers

The maturity value of the investment is BHD 12180.60, and the compound interest on November 19, 2022, is BHD 180.60.

Given data:

Principal amount (P) = BHD 12000

Rate of interest (r) = 6% (per annum)

Time (t) = 5 months (from June 25, 2022, to November 19, 2022)

The interest is compounded semi-annually, i.e. 2 times in a year. Therefore, the rate of interest per half-year = (6/2)% = 3%

Let us first calculate the maturity value:

Maturity Value (A) = P (1 + r/n)^(nt)

Where, n = number of times interest is compounded per year, and t = time in years

Hence, putting the values in the formula we get:

Maturity Value (A) = 12000(1 + 3/100)^(1/2)

Maturity Value (A) = 12180.60

Now let us calculate the compound interest.

Compound Interest (CI) = A - P

Compound Interest (CI) = 12180.60 - 12000

Compound Interest (CI) = 180.60

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Problems along the supply chain include which of the following? a) Poor customer service b) High inventory costs c) Loss of revenue d) Increase cycle times

Answers

Problems along the supply chain can include poor customer service, high inventory costs, loss of revenue, and increased cycle times.

In a supply chain, various problems can arise that can impact the smooth flow of goods and services. Some common problems include:

poor customer service: This can occur when there are delays in delivering products or when customer inquiries are not handled efficiently. It is important for businesses to provide timely and satisfactory customer service to maintain customer satisfaction and loyalty.high inventory costs: Overstocking or understocking of products can lead to increased storage and holding costs. Businesses need to carefully manage their inventory levels to optimize costs and ensure products are available when needed.loss of revenue: Disruptions in the supply chain, such as delays in production or delivery, can result in a loss of revenue. It is crucial for businesses to minimize disruptions and maintain a smooth flow of goods and services to maximize revenue.increased cycle times: This refers to the time it takes for a product to move through the supply chain. Longer cycle times can lead to delays and inefficiencies. Businesses should aim to streamline their supply chain processes to minimize cycle times and improve overall efficiency.Learn more:

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Suppose kittyville's full‑employment gdp is $600 billion, and the current equilibrium gdp is $400 billion. The mpc in this economy equals 0. 90.

Answers

In order to get Kittyville's GDP to the full-employment GDP, the increase in government spending should be $20 billion.

By how much should government spending increase?

The amount the government should increase its spending by is:

= GDP gap / Multiplier

Multiplier = 1 / ( 1 - MPC)
= 1 / ( 1 - 0.9)

= 10

Amount to increase spending by:

= (600 - 400) / 10

= 200 / 10

= $20 billion

In conclusion, government spending should increase by $20 billion.

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help help help help

help help help help

Answers

Based on the different types of compensation and their determination, the following are true:

Wages - Paid by the Hour - Sarah's direct deposit. Commission -  A percentage of sales - Lucinda's percentage. Salary - Calculated weekly or monthly - Frank's overtime pay.  Bonuses - For performance - Janet's Low Sales. Profit sharing - Based on Co. earnings - Robert's year end reward.

Types of compensation

Wages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.

Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.

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What mechanisms operate the chain of building relationship equity?

Answers

The mechanisms that operate the chain of building relationship equity include trust, commitment, communication, and customer satisfaction.


1. Trust: Establishing trust is essential in building relationship equity, as it creates a solid foundation for long-term relationships. Trust can be developed through transparency, honesty, and consistently delivering on promises.

2. Commitment: Demonstrating commitment to the relationship is crucial, as it shows that both parties are invested in maintaining and growing the partnership. This can be achieved by being reliable, meeting expectations, and working towards common goals.

3. Communication: Effective communication is key to building relationship equity, as it helps in addressing concerns, sharing information, and resolving conflicts. Regular and open communication ensures that all parties are on the same page and working collaboratively.

4. Customer satisfaction: Ensuring customer satisfaction is important for building relationship equity, as satisfied customers are more likely to remain loyal and recommend the business to others. By offering quality products or services and addressing customer needs, businesses can build strong relationships and enhance their equity.

By focusing on these mechanisms, businesses can successfully build relationship equity, leading to long-lasting and mutually beneficial partnerships.

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Which sentence indicates that Roger's company, Fine Jewelry, follows a subscription business model? Roger's company, Fine Jewelry, sells customized jewelry. The company designs earrings, watches, and necklaces based on customer preferences, It charges a monthly fee for this service. Customers get a new plece of Jewelry every three months.​

Answers

Answer:

Its "Customers get a new piece of jewelry every three months.

Explanation:

The first option, never tells what the customer gets in return.

 Sorry this answer is two weeks late. Happy Thanks Giving!

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