Business, 27.11.2019 20:31 soreese02

Cheyenne laboratories holds a valuable patent (no. 758-6002-1a) on a precipitator that prevents certain types of air pollution. cheyenne does not manufacture or sell the products and processes it develops. instead, it conducts research and develops products and processes which it patents, and then assigns the patents to manufacturers on a royalty basis. occasionally it sells a patent. the history of cheyenne patent number 758-6002-1a is as follows. dateactivitycost2008–2009 research conducted to develop precipitator $366,000jan. 2010 design and construction of a prototype 88,200march 2010 testing of models 21,000jan. 2011 fees paid engineers and lawyers to prepare patent application; patent granted june 30, 2011 76,500nov. 2012 engineering activity necessary to advance the design of the precipitator to the manufacturing stage 83,000dec. 2013 legal fees paid to successfully defend precipitator patent 21,000april 2014 research aimed at modifying the design of the patented precipitator 22,000july 2018 legal fees paid in unsuccessful patent infringement suit against a competitor 32,000fields assumed a useful life of 17 years when it received the initial precipitator patent. on january 1, 2016, it revised its useful life estimate downward to 5 remaining years. amortization is computed for a full year if the cost is incurred prior to july 1, and no amortization for the year if the cost is incurred after june 30. the company’s year ends december 31.compute the carrying value of patent no. 758-6002-1a on each of the following dates: (a) december 31, 2011 $(b) december 31, 2015 $(c) december 31, 2018

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 00:30

Aprice ceiling is â€śbindingâ€ť if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a â€śnon-bindingâ€ť price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is â€śbindingâ€ť because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Answers: 1

Answer

Business, 22.06.2019 18:10

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?

Answers: 3

Answer

Business, 23.06.2019 01:00

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate?

Answers: 3

Answer

Business, 23.06.2019 10:00

Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives

Answers: 1

Answer

You know the right answer?

Cheyenne laboratories holds a valuable patent (no. 758-6002-1a) on a precipitator that prevents cert...

Questions