Answer:
The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
Explanation:
Amortisation Expenses for 2017
So Amortisation on Original Cost: ($18000/5) = $ 3600
Amorisation on legal expenses = $ 1500
(7500 x 6months/ Remaining life(i.e. 30 months)
Total Amortisation Expenses for 2017 = $ 5100
Therefore, The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
Answer:
Explanation:
To find the shipping fee in dollars, we can set up an equation using the total amount Steve paid, which was $120.
Let S be the cost of the game, T be the sales tax, and F be the shipping fee. We know that:
S + T + F = $120
Now, you mentioned that the sales tax was $20, so we can substitute T with 20:
S + 20 + F = $120
Now, we want to isolate F, the shipping fee. To do that, we'll first subtract 20 from both sides of the equation:
S + F = $120 - 20
S + F = $100
Now, we have the equation in terms of S and F. Since we don't know the cost of the game (S), we can't find F directly. You'll need to provide the cost of the game (S) to find the exact shipping fee (F). If you have the cost of the game (S), you can plug it into the equation to calculate the shipping fee (F).
Answer:
D) Buy XYZZ stock and sell an XYZZ call
Explanation:
If the buyer is convinced that XYZZ stock has bottomed its price he should buy that stock since it's the cheapest it will get.
If he believes that XYZZ's price will soon rebound, then he should not sell a call option for XYZZ. f he sells a call option then his earnings will be very limited, since the price set at the call option will not be very high.
He should keep XYZZ stock for a while and wait for its price to rebound.
Explanation:
To calculate Suchta's gain percentage from selling her motorcycle, you can use the following formula:
Gain Percentage
=
Selling Price
−
Total Cost
Total Cost
×
100
Gain Percentage=
Total Cost
Selling Price−Total Cost
×100
Where:
Selling Price is the price at which she sold the motorcycle.
Total Cost is the sum of the purchase price and repair cost.
Let's plug in the values:
Selling Price = $10,505
Total Cost = $7,810 (purchase price) + $1,095 (repair cost) = $8,905
Now, calculate the gain percentage:
Gain Percentage
=
10
,
505
−
8
,
905
8
,
905
×
100
=
1
,
600
8
,
905
×
100
≈
17.98
%
Gain Percentage=
8,905
10,505−8,905
×100=
8,905
1,600
×100≈17.98%
Suchta's gain percentage from selling her motorcycle is approximately 17.98%.