To find the break-even point for the number of luxury boxes, we need to determine the number of boxes that need to be sold to cover the total costs.
Let x be the number of luxury boxes sold.
The total cost function can be written as:
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = $4,760,000
Variable Cost = $140,000 per box
Total Cost = $4,760,000 + $140,000x
The total revenue generated from selling x boxes can be expressed as:
Total Revenue = Price per Box × Number of Boxes
Price per Box = $280,000
Total Revenue = $280,000x
The break-even point is when Total Revenue equals Total Cost:
Total Revenue = Total Cost
280,000x = 4,760,000 + 140,000x
140,000x = 4,760,000
x = 34
Therefore, the break-even point for the number of luxury boxes in the new stadium is 34 boxes. The team will need to sell at least 34 boxes to cover their total costs. If they sell more than 34 boxes, they will make a profit, and if they sell fewer than 34 boxes, they will incur a loss.
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the adjusting factor in the creation of a common size income statement is ___.
The adjusting factor in the creation of a common size income statement is sales. A common-size income statement is one in which the percentage of total sales or revenue is expressed for each line item of a traditional income statement.
A tool for analysing a company's historical performance over a number of periods is provided by common-size income statements. Find the largest common-size between the two terms in the ratio to write it in its simplest form. The biggest number that divides two numbers equally is known as the greatest common factor. Next, multiply the ratio's two terms by its largest common factor.
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snow rides manufactures snowboards. richard may, the ceo, is trying to decide whether to adopt a lean thinking model. he expects that adopting lean production would save $102,268 in warehousing expenses and $53,341 in spoilage costs. adopting lean production will require several one-time up-front expenditures: $12,695 for an employee training program, $97,637 to streamline the plant's production process, and $8,243 to identify suppliers that will guarantee zero defects and on-time delivery. what will be the net benefit to this company by adopting lean production?
To calculate the net benefit of adopting lean production for Snow Rides, we need to compare the savings from lean production to the costs of implementing it.
The net benefit can be deducted as:
Net Benefit = Savings - Costs
Savings = $102,268 + $53,341 = $155,609
Costs = $12,695 + $97,637 + $8,243 = $118,575
Therefore, the net benefit of adopting lean production is:
Net Benefit = $155,609 - $118,575 = $37,034
So adopting the lean thinking model will result in a net benefit of $37,034 for Snow Rides. Lean thinking is a production philosophy and methodology that aims to minimize waste and maximize value for customers. It originated in the manufacturing industry, but has since been adopted by a variety of industries, including healthcare, construction, and software development. The core principle of lean thinking is to focus on creating value for customers while eliminating waste. This involves identifying and eliminating activities that do not add value to the product or service being provided. Examples of waste include overproduction, waiting, excess inventory, unnecessary transportation, over processing, defects, and unused talent. To achieve this goal, lean thinking emphasizes continuous improvement and involves the entire organization in the process. This can be achieved through the implementation of a set of tools and techniques, such as the 5S method for workplace organization, value stream mapping to identify waste, and Kaizen events to facilitate continuous improvement.
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the process of creating a profile of your ideal customer for the purposes of developing a marketing strategy is known as what?
The creation of a buyer persona is the process of constructing a profile of your ideal client for the purposes of designing a marketing plan.
A buyer persona is the research-based profile of a target consumer. Buyer personas describe the traits of your ideal customers, including their everyday activities, issues they face, and methods of decision-making. Buyer personas enhance your inbound marketing strategies. The sales procedure has been simplified. They can also improve the assistance for both goods and customers. This guide walks you through creating buyer personas and shows you exactly how to create your own personas for use in inbound marketing campaigns. The ideal client is portrayed by a buyer persona. It is a semi-fictional representation of your ideal customer that is based on market research and real information about your current customers. A marketing persona, customer persona, or audience persona are other names for it.
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harrod company paid $6,700 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $6,700, and no adjustments had been made previously. the adjusting entry required on december 31 is:
Debit Prepaid Insurance, $3350; credit Insurance Cost, $3350; $6,700 * 2/4 = $3350.
What is an insurance debit expense?An entry in a journal for insurance is Debit: Bank credit for insurance payments made to an insurance provider for business insurance. Not all insurance payments (premiums) qualify as business costs for deduction. Some insurance payments can be included in the profit and loss report, while others need to be included on the balance sheet.
Is paying for insurance a debit or credit?Because cash is deducted when you pay for the insurance coverage, you credit cash. You may automatically produce a journal entry that allocates the insurance cost to each month as time passes (dividing an annual policy cost by twelve months). The higher insurance expense is the account debit.
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true or false: recording a loss contingency and formally entering it as a liability in the financial statements is the only alternative to informing investors and creditors about its potential impact on the company. true false question.
False The only way to avoid disclosing a loss contingency's potential impact to creditors and investors is to record it and legally include it as a liability with in financial statements.
Which of these three financial statement kinds are they?The income statement, balance sheet, and cash flow statement are all important financial statements to have. Trades can evaluate a company's financial stability and underlying value quickly using these three statements. They are helpful instruments for traders to assess a company's financial stability.
What four financial statements must comply with GAAP?Statements of shareholders' equity, statement of income, cash flow statements, and balance sheets are the four primary financial statements. The four financial statements mentioned above are regarded as common accounting concepts according to GAAP.
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Which one of these best measures a firm's long-run ability to meet its obligations? A) Cash ratio. B) Total asset turnover. C) EV multiple
The best measure of a firm's long-run ability to meet its obligations is Return on Equity. (Option D)
Return on Equity (ROE) measures the amount of net income a firm generates in relation to the amount of equity invested in the firm. This ratio provides insight into how well the firm is utilizing its equity to generate profits and meet its obligations. Hence, the best measure of a firm's long-run ability to meet its obligations is Return on Equity.
It is important to note that while the other options cash ratio, total asset turnover, EV multiple, and Equity multiplier, are all useful financial ratios, they do not specifically measure a firm's long-run ability to meet its obligations. The cash ratio measures a firm's liquidity, total asset turnover measures how efficiently a firm uses its assets to generate sales, the EV multiple measures a firm's market value relative to its earnings, and the equity multiplier measures the amount of assets financed by equity.
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both the long-run and short-run aggregate supply curve will shift when
The long-run and short-run aggregate supply curve will shift when there are changes in resource prices, technological advancements, or changes in government policies.
When resource prices increase, such as the price of oil or wages, the aggregate supply curve will shift to the left, indicating a decrease in the quantity of goods and services that can be produced at any given price level. Conversely, when resource prices decrease, the aggregate supply curve will shift to the right, indicating an increase in the quantity of goods and services that can be produced at any given price level.
Technological advancements can also cause the aggregate supply curve to shift. When there are improvements in technology, the aggregate supply curve will shift to the right, indicating an increase in the quantity of goods and services that can be produced at any given price level.
Changes in government policies, such as taxes, subsidies, and regulations, can also affect the aggregate supply curve. For example, if the government increases taxes on businesses, the aggregate supply curve will shift to the left, indicating a decrease in the quantity of goods and services that can be produced at any given price level. Conversely, if the government decreases taxes on businesses, the aggregate supply curve will shift to the right, indicating an increase in the number of goods and services that can be produced at any given price level.
Overall, the long-run and short-run aggregate supply curve will shift when there are changes in resource prices, technological advancements, or changes in government policies.
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a cpa issued a standard unqualified audit report on the financial statements of a client that the cpa knew was in the process of obtaining a loan. in a suit by the bank issuing the loan, the cpa's best defense would be that the:
Prior to the audit's conclusion, the CPA was aware of the identity of the Bank.
What does audit actually mean?A physical inventory check is followed by an auditor's review or review of various accounting books to ensure that all sectors are using the same structural control of record transactions. It's done to make sure the organization's financial filings are correct.
An audit: Is it a big deal?Audits are the one thing that American taxpayers dread more than owe the IRS money. But, you must be aware that most audit were not actually a big issue. Before you image some mean, scary IRS officer coming into your home or questioning your till you do it, you should know this.
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as a philosophy for business ethics, utilitarianism focuses attention on the need to
Business ethics with a utilitarian perspective. Utilitarianism, as a theory of business ethics, emphasises the need to carefully consider all of the social benefits and costs of a business action and to pursue only those courses of action where the benefits outweigh the costs.
By defining acceptable behaviours outside of the purview of the state, business ethics strengthen the law. Businesses establish business ethics to encourage moral behaviour among their workforce and win over important constituencies like customers and investors. The moral standards that a company as a whole and specific employees within an Utilitarianism set are known as ethical principles in business.
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assume that the 2-year forward rate is usd 1.21/eur. is there an arbitrage opportunity? compute the profit if you can borrow up to usd 1,000,000 (or the equivalent in eur). please round to the nearest us cent.
The profit, if you can borrow up to USD 1,000,000 (or the equivalent in euro), is $16,549.37
What is Arbitrage profit?The profit earned from buying and selling the same security at different prices in quick succession is arbitrage profit
1. Using Interest Rate Parity Formula :
F/S = 1+Rd/1+Rf
Where,
F = Forward rate
S = Spot Rate
Rd = Interest Rate in domestic Market
Rf = Interest Rate in foreign Market
Using formula,
F/1.21 = (1+0.11% )^2 /(1-0.72%)^2 = 1.002201/0.985652
2. Strategy :
As calculated rate 1.23 is higher than the forward rate 1.21. Hence, EUR Forward must be bought now for which we need to borrow Euro and invest in Dollar, it can be shown as follows:-
1 Amount invested in Dollar = 1000000.00
2 Amount after 2 year in $ = Amount invested in $x (1+0.11%)^2 = 1002201.21
3 Amount borrowed in Euro = Amount in Dollar/1.21 = 826446.28
4 Repayment of borrowing after 2 year = Amount Borrowed in Euro x (1-0.72 % )^2 = 814588.30
5 Repayment in dollar = Amount in euro x spot rate = 985651.84
6 Arbitrage Profit in Dollar = Investment (2) - Repayment (5) =$16,549.37
Therefore, the Arbitrage profit is $16,549.37.
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suppose that an economy consists of only two individuals. angelo has $1910 available to spend on goods. he decides to purchase $690 worth of produce from michele in the current month. no other economic activity takes place during the current month. using this information, answer the questions.
For the current quarter, the economy's income will be $690 since in that current year only this particular transaction is recorded.
Economic income for a business is typically defined as the change in the company's value plus any dividends paid during the time period. Nearly all economists agree that the best way to calculate an asset's value is to discount the value of the future cash flows that can be attributed to it. Economic profit (or loss) is equal to revenue less explicit costs minus opportunity costs.
Explicit costs include all expenses that are typically taken into account, including labor costs, material costs, marketing costs, depreciation, and taxes. On an income statement for a specific time period, the revenues, expenses, and profitability of a business are shown. It may also be referred to as a profit-and-loss (PandL) or earnings statement. It shows your sales revenue for products or services.
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when lorenzo eats 1 slice of pizza for lunch, his total utility is 23, and when he eats 2 slices of pizza for lunch, his total utility is 42. assuming that lorenzo's marginal utility from eating pizza is always positive, we can infer that his total utility from eating 3 slices of pizza at lunch is
We can infer that his total utility from eating 3 slices of pizza at lunch is greater than 42 and less than 61.
Marginal utility is the additional satisfaction a consumer receives by owning another unit of goods or services. The concept of marginal utility is used by economists to determine whether consumers are willing to buy a product.
Positive marginal utility is when consuming additional items increases total utility. Negative marginal utility, on the other hand, occurs when his total utility decreases when he consumes 1 more unit.
Economists use the idea of marginal utility to estimate how satisfaction affects consumer choices. Economists have also identified a concept known as the law of diminishing marginal utility. Explain how the first unit of consumption of goods and services yields more utility than subsequent units.
Marginal utility helps explain how consumers make decisions to get the most value from their limited budgets. In general, people will continue to consume more goods as long as their marginal utility is greater than their marginal cost.
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If average labor productivity in two countries is the same, average living standards will be lower in the country with:A)the lower share of population employed.B)the higher share of population employed.
If average labor productivity in two countries is the same, average living standards will be lower in the country with the lower share of population employed.
Why it is?
This is because the number of people employed in a country directly affects the overall level of output that can be produced.
If a higher share of the population is employed, there are more workers producing goods and services, which can increase the level of output and overall economic growth.
On the other hand, if a lower share of the population is employed, there are fewer workers producing goods and services, which can lead to lower levels of output and economic growth.
This can in turn lead to lower average living standards in the country, as there are fewer resources available to be distributed among the population.
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during which step of the marketing plan do marketers make important decisions about how they will allocate their scarce resources to their various products and services? multiple choice question. evaluating performance implementing the marketing mix identifying and evaluating opportunities defining the business mission
A marketing plan is a practical document that describes the advertising approach that a business will use to generate leads and connect with its target market.
Which step of the marketing plan do markerters will allocate their scarce resources to their products?In the step of "Identifying and Evaluating Opportunities" in the marketing plan, marketers make important decisions about how they will allocate their scarce resources to their various products and services.
This step involves identifying potential market opportunities and evaluating them based on factors such as market size, growth potential, and competition. Marketers then select the most attractive opportunities and develop marketing strategies for each product or service.
As part of this process, marketers must consider how to allocate their limited resources, such as marketing budgets, personnel, and time, among the various products and services they offer. This may involve making trade-offs between different opportunities and prioritizing those that offer the greatest potential for success.
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An organization responds to the structure of its industry by choosing a strategy. A) leadership B) diversification C) growth D) competitive
An organization responds to the structure of its industry by choosing a competitive strategy.
Competitive strategy is common in many different economic regimes, including capitalism. Companies can use competitive strategies as a strategy to expand their operations and increase income. Your ability to implement specific forms of competitive strategy within your teams may improve as a result of your understanding of it. The competitive strategy of a firm is a long-term plan created to aid in its expansion and help it gain a competitive edge over its rivals in the market by using elements like cost, differentiation, focus, efficiency, etc. A competitive strategy is an action plan developed by a company to outperform competitors. This strategy was established after comparing your own opportunities, threats, strengths, and weaknesses to those of the enemy.
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the price of demand measures the responsiveness, or sensitivity, of consumers to a price change. (True or False)
The statement is True i.e., The price of demand measures the responsiveness, or sensitivity, of consumers to a price change.
What about demand quantifies how responsive or sensitive consumers are to a change in price?The Price Elasticity of Demand gauges how responsive or sensitive consumers' quantity requested is to a change in price. Price Elasticity of Demand is the ratio between a product's or resource's change in quantity sought and change in price.
What is the economics equivalent of responsiveness?Elasticity is a term used by economists to describe responsiveness. Elasticity is defined as the ratio of a dependent variable's percentage change to an independent variable's percentage change.
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which activity would be a part of the leading function of management?
a. Devising a new strategic plan to enter a new foreign market currently dominated by a competinf firm
b. Recruiting qualified workers to join the organization and assigning them to their proper position
c. Examining a financial report to see whether the firm’s profit are improvingand taking corrective action if they are not
d. Training and coaching workers to help them understand their job and perform it effectively
Those who have had coaching and training to more effectively comprehend and carry out their responsibilities
What is the main function of the management system?Leading needs articulating a vision, energizing personnel, inspiring others, and motivating yourself. It also requires mission, control, charisma, and effective communication skills.
Which activity falls under the planning management function?The management activity of planning includes both choosing a course of action to carry out goals and setting goals. Managers need to anticipate challenges but be aware of external issues affecting their business today. The four widely accepted management roles—developing, organizing, leading, and managing—include these crucial skills. These abilities were initially divided into five components by Henri Fayol.
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Stability, clear expectations, and creating order are all strengths of bureaucracies. True or False?
True. Stability, clear expectations, and creating order are all considered strengths of bureaucracies.
An organisational structure that prioritises rules, processes, and distinct lines of power is called a bureaucracy. The predictability and consistency of a bureaucracy's processes and procedures, which can give the organisation a sense of structure and order, is what gives it stability. Standardized rules and processes may reduce misunderstanding and increase efficiency by setting clear expectations. Because the system is built to handle complicated tasks and coordinate the activity of numerous individuals, bureaucracies excel at establishing order. It is important to keep in mind, though, that bureaucracies might have some flaws, such delayed decision-making and reluctance to change.
A complicated organisation with numerous systems and procedures is referred to as a bureaucracy.
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northwest hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.
Being a full-service facility, it offers patients comprehensive care and aftercare. The hospital employs a group of doctors, nurses, and support staff who are all highly qualified and experienced medical professionals.
What does "comprehending care" mean?A patient's multiple physical and psychological issues are simultaneously prevented and managed as part of continuing advanced care over time in relation to their environment, family, and other life events.
What does a thorough patient entail?Providing comprehensive care means attending to a patient's entire needs, not just their physical and medical ones. All major medical facilities that treat adolescent people with cancer follow the standard practise of comprehensive care, which involves utilising the expertise of numerous professionals working together.
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which of the following statements is false? multiple choice investing cash flows include the cash flows associated with lending money to others. financing cash flows include the cash flows associated with issuing stock and paying dividends. financing cash flows include the cash flows associated with borrowing and repaying debt excluding short-term bank loans. investing cash flows include the cash flows associated with buying and selling noncurrent assets.
Investing cash flows include the cash flows associated with buying and selling noncurrent assets statements is false.
Which of the following statement of cash flows includes?The cash made by the company from operations, investments, and financing is included in the cash flow statement. This total is known as net cash flow. Cash flow from operations, which comprises transactions from all operational business activities, is the first section of the cash flow statement.
To assess the liquidity and solvency of the company, organisations should monitor and analyse three different types of cash flow: cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities. The cash flow statement of a corporation includes all three.
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in 2011, time magazine declared who to be its annual person of the year based on news media coverage of three very different social movements?
News media coverage of three very different social movements led Time magazine to declare the Protester as its annual Person of the Year in 2011.
According to Time, the selection of "The Protester" was intended to recognize the power of collective action in shaping the course of history and the impact of social movements on political and social change. The magazine noted that these movements were characterized by their decentralized, grassroots nature, and their ability to mobilize large numbers of people around shared values and goals.
The selection of "The Protester" was widely viewed as a reflection of the growing global influence of social movements and the increasing recognition of the power of collective action in shaping the course of history. It also highlighted the role of new technologies and social media in enabling and amplifying the voices of protesters around the world.
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true or false: it is not important for the external auditor to understand the role and function of the internal audit function as part of understanding the client.
The statement is False. it is not important for the external auditor to understand the role and function of the internal audit function as part of understanding the client.
Internal auditing is an independent, objective warranty and consulting interest designed to feature cost and improve an business enterprise's operations. It facilitates an employer to accomplish its targets by bringing a scientific, disciplined technique to evaluate and enhance the effectiveness of change management, control, and governance approaches.
Internal auditing may achieve this purpose with the aid of presenting insight and pointers based totally on analyses and exams of facts and enterprise tactics. With a dedication to integrity and duty, internal auditing affords cost to governing bodies and senior management as a goal supply of independent recommendations. specialists known as inner auditors are hired via groups to carry out the internal auditing interest.
The scope of internal auditing within an employer may be vast and may involve topics along with a company's governance, threat control, and control controls over the performance/effectiveness of operations (together with safeguarding of belongings), the reliability of economic and control reporting, and compliance with laws and policies.
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oliver inc. reported fines and penalties on its income statement this year. what (if any) book-tax difference will result?
Financial Statement Recap If the agency doesn't pay for the provided property, Audit and Management Assurances owes an interest penalty.
What regulations govern bonus depreciation?For all qualifying purchases made between September 27, 2017, and January 1, 2023, the rules permit Bonus Depreciation of up to 100%. Beginning in 2023, Bonus Depreciation will gradually decrease to 80%. Bonus depreciation will gradually decrease over the next years, falling to 60% in 2024, 40% in 2025, 20% in 2026, and 0% in 2027.
Which of the following is true about depreciation?Depreciation is not a financial expense because it only results in a drop in asset value; there is no cash outflow involved.
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why would a systems analyst new to a company be a good choice to lead an important systems development effort?
A system analyst new to the organization wouldn't have any assumptions about the framework and how it could squeeze into the organization's methodology. Having a new point of view could take into consideration new experiences and another methodology that could prompt a preferable and more innovative framework would somehow result.
A systems analyst, otherwise called a business innovation expert, is a data innovation (IT) proficient who spends significant time in breaking down, planning and carrying out data frameworks. Systems analysts evaluate the appropriateness of data frameworks concerning their expected results and liaise with end clients, programming merchants and developers to accomplish these results. A systems analyst is an individual who utilizes examination and planning methods to take care of business issues utilizing data innovation. Frameworks experts might act as the need might have arisen, plan frameworks to carry out those changes, and prepare and spur others to utilize the frameworks
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the circular-flow diagram illustrates that, in markets for the factors of production, a. households are sellers, and firms are buyers. b. households are buyers, and firms are sellers. c. households and firms are both buyers. d. households and firms are both sellers.
The circular-flow diagram illustrates that, in markets for the factors of production, the households are sellers, and firms are buyers. Thus option (a) is correct.
What are the factors of production?The factors of production are the resources required to produce goods and services. The classic factors of production are traditionally categorized as:
Land: This includes natural resources like oil, timber, minerals, water, and other resources used in the production process.
Labor: This refers to the human effort involved in producing goods and services, including physical and mental work.
Capital: This includes the physical assets used in the production process, such as machinery, tools, buildings, and equipment.
Entrepreneurship: This refers to the skill and knowledge of individuals who organize and manage the other factors of production to produce goods and services.
In the circular-flow diagram , in markets for the factors of production, the households are sellers, and firms are buyers. Therefore, option (a) is correct.
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an auto dealership always maintains 100 cars of various types in its show room. the dealership sells on average 300 cars per quarter. find the inventory turnover ratio for the year (assume that each car cost is the same, and the number of cars sold is same for each quarter).
The inventory turnover ratio for the year is 1.
The pace at which inventory stock is sold, utilized, and replaced is referred to as inventory turnover. Divide the cost of products by the average inventory for the same time to get the inventory turnover ratio. A larger ratio indicates good sales, whereas a lower ratio indicates dismal sales. Inventory turnover is a measure of how many times inventory is sold or utilized in a certain time period, such as a year. It is computed to determine whether a company has an excessive inventory in proportion to its sales level.
A high turnover rate, on the other hand, may suggest insufficient inventory levels, which may result in a loss of business due to insufficient inventory. This frequently leads to stock shortages.
Inventory turnover ratio = Net sales / Average sales
= 1200/1200
= 1
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combine like terms to simplify 13q2 + 4q2
Answer:
17q^2
Explanation:
you add the like terms and 13+4 is equal to 17
martin company currently produces and sells 40,000 units of product at a selling price of $12. the product has variable costs of $6 per unit and fixed costs of $150,000. the company currently earns a total contribution margin of:
If the sales unit are 40,000 and its selling price is $12 then the company currently earns a total contribution margin of $90,000.
Total cost = fixed cost + variable cost
= $150,000 + 40,000 × 6 = 3,90,000
Total contribution margin = total sales - total cost
= 40,000× 12 - $3,90,000 = $90,000
What is total contribution margin?
The total revenue an entity has available to cover fixed costs and turn a profit is represented by the total contribution margin it has earned. Always working to raise a company's contribution margin, which enables it to make a profit even in times of dropping sales, is a solid profit planning strategy. You need to figure out your gross profit before you can figure out your contribution margin. Your total revenue is the first step in calculating gross profit.
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1. Pilihan ganda30 detik1 ptQ. Finance is the business function that involves managingPilihan jawabanInformationMoneyMarketingProduction
Option e: Business description. A Business description. describes the nature of the company, the products it offers, and the company philosophy.
A business description is a written overview of a company and its products or services.
Describe your company's purpose, goals, and target audience. This description often includes information about the nature of the company, the products or services it offers, the company's history and philosophy, and the people involved in running the company.
A company description helps you have a clear understanding of what your company does, stands for, and wants to achieve. It serves as the basis for the company's marketing and financial planning and helps define the company's overall direction.
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Complete question:
Pilihan ganda30 detik1 ptQ. Which of the following describes the business type, the products offered and the philosophy of the business?
Pilihan jawaban
Marketing plan
Executive agenda
Financial plan
Business description
on january 1, year 1, a company appropriately capitalized $40,000 of software development costs for computer software to be sold. the company estimated an economic life of two years for the software and believes that it will generate $500,000 in total software sales. it had software sales of $300,000 in year 1. what amount of software amortization expense, if any, should the company report in its financial statements for the year ended december 31, year 1?
The company should report $20,000 in software amortization expense for the year ended December 31, year 1.
We must first decide how much of the software cost should be assigned to the first year before we can compute the amortisation costs. The average yearly revenue from software sales is $500,000 / 2 = $250,000 if the projected economic life is two years and the total software sales are $500,000. The amount of software expense to be allocated to year 1 would be $300,000 / $250,000 = 1.2 times the average yearly income if the firm had software sales of $300,000 in year 1. So, the software expense that would go towards year 1 would be $40,000 x 1.2 = $48,000. In such case, $48,000 / 2 = $24,000 would be the amortisation expenditure for the year that ended on December 31, year 1. Therefore, the business must disclose a $24,000 charge for software amortisation.
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