Broadcast rights are an example of which general category of intangible asset that should be recognized separately according to current generally accepted accounting principles?
a. Contract-based
b. Customer-related
c. Artistic-related
d. Marketing-related
A
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On March 1, Bartholomew Company purchased a new stamping machine with a list price of $85,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $2800; sales tax paid, $6120; installation costs, $1750; routine maintenance during the first month of operation, $2700. What is the cost of the machine?
A. $94,120 B. $91,420 C. $80,750 D. $89,670
Ressen Company finds that typically 30% of a month's sales are for cash. Payments on accounts receivable are 60% in the month of sale and 38% in the month following sale. Budgeted sales for June are $100,000, for July $140,000, and for August $120,000. What are the total cash receipts budgeted for July?
A) $127,400 B) $85,400 C) $122,000 D) $262,000 E) $140,000
FreshFoods, Inc. sells American gourmet foods to merchandisers in Singapore. Prepare the journal entries for FreshFoods, to record the following transactions. Include any year-end adjustments.Dec 20Sold items to Tan, Inc., for 60,000 Singapore dollars. The exchange rate was $0.476 per Singapore dollar. The purchase terms were n/30.Dec 31The exchange rate was $0.480 per Singapore dollar.Jan 17Received payment from Tan for the December 20 sale. The exchange rate was $0.495 per Singapore dollar.
What will be an ideal response?
The Internet backbone is a foundation network linked with _____ that can support very high bandwidth
A) fiber-optic cables B) coaxial cables C) heliax cables D) twisted pair cables