FIFA Footballs acquired a patent in 2018 at a cost of $600 million and amortizes the patent on a straight-line basis. During 2021 management decided that the benefits from the patent would be received over a total period of 8 years rather than the 20-year legal life being used to amortize the cost. FIFA's 2021 financial statements should include: Multiple Choice A patent balance of $600.0 million. Patent amortization expense of $60.0 million. A patent balance of $408.0 million. Patent amortization expense of $30.0 million.

Answers

Answer 1

Answer: A patent balance of $408 million.

Explanation:

The following can be depicted from the question:

Patent Cost (2018) = $600 million

Less: Amortization for the first three years I.e 2018 - 2020. This will be:

= ($600/20) × 3 = $90 million

Balance as at 2020 = $600 - $90 = $510 million

The remaining patent life will be:

= 8 - 3 = 5 years

Then, Amortization in 2021 will be:

= $510 million / 5

= $102 million

Balance by 2021 will then be:

= $510 million - $102 million

= $408 million


Related Questions

This is for money skills. Please help

Answers

Answer:

when you divide

Explanation:

Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *

Answers

Answer: 5%

Explanation:

The market share for the company will be gotten using the formula:

= Sales generated by company / Total industry sales × 100

= 10/200 × 100.

= 5%

Therefore, the company's market share is 5%

Which is the best description of a comparative market analysis? It shows what similar homes in the are have recently sold for. It shows the list prices of similar homes in the are

Answers

Answer:

It shows what similar homes in the are have recently sold for.

Explanation:

Comparative market analysis is used by real estate agents to generate a competitive price for a property.

It is the price estimation on a property that uses recently sold and similar properties as a basis for price fixing.

Factors put into consideration include age, location, style, construction, condition, and so on.

Prospective buyers can also run a comparative analysis to ensure they are getting best price for property they want to buy.

What default information appears on an electronic business card? Check all that apply.
name address
job title
company email
address
phone number
website address

Answers

Answer: name, job title, company, email address, and phone number

Explanation: edg.

Answer:

name, job title, company, email address, and phone number

Explanation:

Do you like Mr.Beast why or why not.

Answers

Answer:

yes i do

Explanation:

what is the best job in finance course?​

Answers

Explanation:

The financial industry is easily one of the most competitive when it comes to finding a job. This is even true in regard to entry-level positions, as it’s almost entirely unheard of to jump into and build a successful career in the industry without starting near the bottom and working your way up. The desks of finance professionals around the world are littered with resumes of students and executive wannabes hoping for a break that they believe will set them on course to be young and rich “masters of Wall Street”. The highest paying jobs, and therefore the most competitive, in the financial industry – including four chief executive positions and investment professionals at hedge funds – are even harder to land.

We hope you enjoy this guide to the Five Highest Paying Jobs in the Financial Industry.

If Ik I would tell u ma brotha I’m suck at studying so ye.

Lucy is preparing to invest in a new online franchise, Notable Moments. The franchisor provides the exclusive software and training for designing invitations and cards for special occasions such as weddings, graduations, and birth announcements. In return, the franchisee is required to pay a monthly fee to the franchisor. Lucy will use the Notable Moments software to create her own special designs that she will ultimately feature on her website. Order turnaround time must be fast. She can only take on as many clients as she can make good on delivery. An advantage of Lucy's online franchise is that she

Answers

Answer:

has an unlimited territory.

Explanation:

In the given scenario Lucy is running an online business with the support of Notable Moments a franchise.

Businesses can be brick and mortar or physical buildings that requires clients to come to a particular location.

Secondly they can be via online channels like website in the case of Lucy where the clients she can reach are not in one location.

Because of the wide spread of the internet Lucy's territory is unlimited. A person on the other side of the world can patronise her business.

Does the democratic political process provide politicians with a strong incentive to spend tax funds?

Answers

Answer:

Yes

Explanation:

The democratic political process provides politicians with a strong incentive to spend tax funds and also control/monitor the rising of Government debts .

One way politicians can judiciously exercise this right is by having a review of existing plans and selecting only plans that would produce the best results to spend the tax funds on .

To control/monitor rising Government debts the government can either issue  Bonds that they can as well buy back or keep interest rate low  

explain what information is included in a director's report provide at least four points or examples​

Answers

Answer:

General corporate information.

Operating and financial highlights.

Letter to the shareholders from the CEO.

Narrative text, graphics, and photos.

Management's discussion and analysis (MD&A)

Financial statements, including the balance sheet, income statement, and cash flow statement.

More items...•

Answer:

yah

Explanation:

explain what information is included in a director's report provide at least four points or examples​

Receiving constructive criticism with and
is the professional response to the situation.
A.gratitude
B.an open mind
C.suspicion
D.reluctance

Answers

I believe the answer is B because you always gotta have an open mind to improve yourself by listening to what you need work on

Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:

Answers

Answer:

$98,000

Explanation:

Calculation to determine the revenue from the two products would be:

Revenue if processed further:

Premium Green $80,000

(10,000 bags * $8 per bag) $80,000

Add Green Deluxe (3,000 bags * $6 per bag) $18,000

Total revenue if processed further $98,000

($80,000+$18,000)

Therefore the revenue from the two products would be:$98,000

The day after you said goodbye
All I did was lay in bed and cry
But after one month, I started to move on
And after two, I felt alright
Then three months in, you were off my mind
And month four and five, I was living my life
I was better and didn't have to try
Not to think of you, 'til you reached out
And said, "Remember that night?"

finish the lyrics

Answers

We went for a drive, 2:30 in the morning
I kissed you, it was pouring
We held each other tight before the night was over
You looked over your shoulder
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"

Answer:

We went for a drive, 2:30 in the morning

I kissed you, it was pouring

We held each other tight before the night was over

You looked over your shoulder

Oh, I was doing fine

You said, "Remember that night?

Remember that night?"

Oh, I was doing fine

You said, "Remember that night?

Remember that night?"

50 points pls give good answer
What do you think you'd like best about working as a hospitality manager?

Answers

Answer:

What I would like best as working as a hospitality manager, is to make sure my establishment/place of work is running smoothly. Whether that requires me to keep up with finances, or just general peace keeping. I would ensure that my customers were 100% satisfied and felt welcome their entire stay.

Explanation:

Explanation:

I Like To Keep My Patients Healthy And Safe..

The government's too-big-to-fail policy applies to: Group of answer choices large corporate payroll accounts held by some banks where many people would lose their income. large banks whose failure would start a widespread panic in the financial system. banks that have branches in more than two states. certain highly populated states where a bank run impacts a large percent of the total population.

Answers

Answer:

large banks whose failure would start a widespread panic in the financial system.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

In order to counter the problem with bank runs, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933.

Furthermore, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

Hence, the government's too-big-to-fail policy applies to large banks whose failure would start a widespread panic in the financial system.

You have $500,000 to deposit in a bank account. What should you do with this deposit to be certain it is insured?

A.
Split it in half and deposit it in two separate savings accounts at different commercial banks.

B.
Deposit all of the money in one savings account in a commercial bank.

C.
Deposit all of the money in one checking account in a commercial bank.

D.
Split it in half and deposit it in two separate savings accounts at different brokerage firms.

Answers

The correct answer for plato users is option A

Explanation:

I just took the midterm and this was the correct option, please give brainly :)

The correct option is A.

Split it in half and deposit it in two separate savings accounts at different commercial banks.

Can direct deposit go to two different banks?

Typically, yes. In fact, many direct deposit programs allow you to split your payment between savings and checking accounts at different banks. You'll just need to add your banks' routing numbers, your account numbers and the account type for each.

How do I split up my savings?

The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings.

Why is it important that your deposit is insured?

Deposit insurance provides three important benefits to the economy:

It assures small depositors that their deposits are safe, and that their deposits will be immediately available to them if their bank fails.

It maintains public confidence in the banking system, thus fostering economic stability.

Learn more about insured deposits here https://brainly.com/question/2226371

#SPJ2

what do you prefer Aldi or Lidl? and why?​

Answers

Aldi!!! Personal preference due to the organization.

I need help please. I just need verification if these are the right answers- if not, then please correct me.

Answers

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the alternatives from the largest to the smallest initial investment.

O True

O False

Answers

Answer:

True

Explanation:

Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.

What activities can a person participate in to be considered actively looking for a job?

Answers

job postings. Sending resumes and doing interviews

Getting money to start and run a business is referred to as obtaining
OA. Collateral
OB. Business
OC. Costs
OD. Financing

Answers

Answer:

C bc process of elimination

Explanation:

is an example of structural unemployment. A construction worker who is always unemployed during the winter months A construction worker who is always unemployed during the winter months A computer programmer who leaves her job to move to Florida A computer programmer who leaves her job to move to Florida An autoworker who is replaced by a robot An autoworker who is replaced by a robot A worker who is engaged in unproductive work A worker who is engaged in unproductive work A worker who loses his job during a recession

Answers

Answer:

An autoworker who is replaced by a robot.

Explanation:

Structural unemployment is when the people who lack skills have poor education. A poor education can't find a job and it is also called a mismatch between the worker's skill the workers can offer, along with the skills in demand by the employer. These are often brought by technological changes. other included are frictional and cyclical unemployment. As this migration or structure retraining of the employees for a long term.

What’s the best answers

Answers

I think the fresh vegetables

The we love books publishing company is this a publishing company, if so then how do I get to there web site

Answers

Answer:

www.welovebooks.net

Explanation:

You can simply type "We Love Books publishing company" in a search engine and it will show up as the second link. If not then you can just type the name of the website in the browser's search bar to take you straight to their web site which is www.welovebooks.net , They design and publish different books as well as magazines, product catalogues and corporate publications. The website also has a contact option so that you can contact them directly and make requests.

You are the coding supervisor and you notice a potential discrepancy in a productivity report from one of your coders. You remind all of the coders about the importance of accuracy with these reports. One of the coders thinks she may have accidentally combined 2 days into one of her daily productivity reports and she must decide if she should admit her potential mistake or just let it go because one day’s productivity reporting really doesn’t make a difference. This is an example of ______. ​

Answers

Answer:

laziness.

Explanation:

Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number to increase demand setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it a complex approach that continually matches demand and supply to customize the price for a service estimating the price a consumer would pay for a product, and working backward with anticipated markups to set the price for wholesalers

Answers

Answer:

a complex approach that continually matches demand and supply to customize the price for a service.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

One of the importance associated with the pricing of products is that, it improves the image of a business firm.

Yield management pricing is a complex approach that continually matches demand and supply to customize the price for a service. It is commonly used by businesses that are typically involved in tourism, hospitality, and airline services.

Martine's son is five years old. He loves to swim, but every year he needs a new swimsuit because he is growing so fast. Martine doesn't have a lot of extra income to spend on bathing suits. What financial advice would you give to Martine about making this purchase?

Answers

Answer:

Buy the next year’s swimsuit at the end of the summer each year.

Explanation:

The swimsuit should be purchased at the closing of the summer of each year as it represent the perfect timing to purchase the swimwear. As at this time mostly all retailers conduct a clearance sales of the swimsuit so there is a chances to get the swim suit at very less price.

Therefore the above represent the answer

When moving to a new rental, you'll likely need to pay a security deposit.
How much is this often?

A. $500.
B. 75% of one month's rent.
C. First and last month's rent.
D. Four months of rent.

Answers

Answer:First and last months rent

Explanation:

E8-14 (book/static) Match the terms with their correct definition. Terms​: 1. Accounts receivable 2. Other receivables 3 Debtor 4. Notes receivable 5. Maturity date 6. Creditor Definitions​: a. The party to a credit transaction who takes on an​ obligation/payable. b. The party who receives a receivable and will collect cash in the future. c. A written promise to pay a specified amount of money at a particular future date. d. The date when the note receivable is due. e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. The right to receive cash in the future from customers for goods sold or for services performed. 1. Accounts receivable 2. Other receivables 3 Debtor 4. Notes receivable 5. Maturity date 6. Creditor Choose from any drop-down list and then click Check Answer. All parts showing

Answers

Answer:

1. F

2. E

3. A

4. C

5. D

6. B

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). Some of the terms used in financial accounting includes;

a. Debtor: The party to a credit transaction who takes on an​ obligation/payable.

b. Creditor: The party who receives a receivable and will collect cash in the future.

c. Notes receivable: A written promise to pay a specified amount of money at a particular future date.

d. Maturity date: The date when the note receivable is due.

e. Other receivables: A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.

f. Accounts receivable: The right to receive cash in the future from customers for goods sold or for services performed.

4. Suki will soon turn 18 and wants to move into her own apartment in a few years. But she is
worried that she won't be able to rent an apartment without any credit history. What can Suki do
to start building a good credit hitary?
a. Rent an apartment with a friend who already has signed a lease.
b. Continue to use her debit card responsibly, being careful to not overdraw on the account
C. Close her checking account to avoid bouncing a check.
d. Get and use a store credit card or major credit card and pay off amounts due each month.

Answers

Answer:

D

Explanation:

thia will help her build credit

Give 2 advantages of a corporation?

Answers

2 advantages of a business corporation include...

personal liability protectionbusiness security and perpetuity

Hope this helps!! Good luck with your work :))

Brainliest? I'm trying to rank up please UvU

Answer:

Limited Liability

In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.

Easy Availability of Capital

In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.

Explanation:

Please mark Brainliest, it really helps.

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