1.) Briefly describe each type of intangible asset: goodwill, patents, trademarks, franchises, copyrights, and research...
Homework Answers
1) GOODWILL is the difference between the actual cost and the cost someone is ready to pay for the business means business tangible and intangible assets and taking over it's liabilities.
PATENTS is a legal right or surety provided by law which makes a thing exclusively reserved for a person and others cannot make it or copy it in any manner.
TRADEMARK is a form of identification mark protected by law which differentiate someone's brand with another
FRANCHISES is a form of system in which the franchisor or owner allows the another one to use the franchisor name for their business.
COPYRIGHTS is a protection given to someone's published or unpublished work or idea to be copied by someone.
RESEARCH AND DEVELOPMENT is an important department of the company which is responsible for innovation and creation of new products and services.
2) Goodwill is the difference between acquisition price and net assets
Parents is a exclusive right given to inventor, creator or founder
Trademarks can be a word, phrase or symbol
Franchise is the form of using the brand name of other famous brands
Copyright is the right to publish certain materials
Research and development is innovation in products and services
3) write off means amortization of such expense over it's useful life
Like goodwill is amortized for certain time period.
Parents are amortized till the time it needs to renew again
Trademark are also amortized till the time again fees needs to pay to government
Franchise also amortized till the time of contract
Copyright is amortized till the time royalty is paid
Research and development is not amortized rather charged from product cost
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1.) Briefly describe each type of intangible asset: goodwill, patents, trademarks, franchises, copyrights, and research...
Option #2: Accounting for Intangible Assets and Natural Resources Part 1 a. Assume you are the...
Option #2: Accounting for Intangible Assets and Natural Resources Part 1 a. Assume you are the chief accountant of Exxon Mobil. Describe to the Board of Directors the accounting for natural resources, including their acquisition, and cost allocation (depletion). Use a real-world example to explain your answers. b. Assume you are the chief accountant of Microsoft Corporation, Describe to the Board of Directors the accounting for intangible assets, including their acquisition and cost allocation (amortization). Use an example in your...
Option #2: Accounting for Intangible Assets and Natural Resources Part 1 Assume you are the chief...
Option #2: Accounting for Intangible Assets and Natural Resources Part 1 Assume you are the chief accountant of Exxon Mobil. Describe to the Board of Directors the accounting for natural resources, including their acquisition, and cost allocation (depletion). Use a real-world example to explain your answers. Assume you are the chief accountant of Microsoft Corporation. Describe to the Board of Directors the accounting for intangible assets, including their acquisition and cost allocation (amortization). Use an example in your explanations. On...
Option #2: Accounting for Intangible Assets and Natural Resources Part 1 Assume you are the chief...
Option #2: Accounting for Intangible Assets and Natural
Resources
Part 1
Assume you are the chief accountant of Exxon Mobil. Describe to
the Board of Directors the accounting for natural resources,
including their acquisition, and cost allocation (depletion). Use a
real-world example to explain your answers.
Assume you are the chief accountant of Microsoft Corporation.
Describe to the Board of Directors the accounting for intangible
assets, including their acquisition and cost allocation
(amortization). Use an example in your explanations.
On...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
Required: 1. What is the amount of Apple’s accounts receivable as of September 30, 2017? 2....
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
What an Executive Summary Is An executive summary is a specific type of document that does...
What an Executive Summary Is
An executive summary is a specific type of document that does
two things: it summarizes a research article, and it offers
recommendations as to how information from the article can be
used.
Some long reports can contain an executive summary section, as
indicated in the Pearson handbook.
Write a 2 pahe Executive Summary
In business contexts, an executive summary is always written
for a specific purpose: to explain the information in the article
to a...
Option #2: Accounting for Intangible Assets and Natural Resources Part 1 a. Assume you are the chief accountant of Exxon Mobil. Describe to the Board of Directors the accounting for natural resources, including their acquisition, and cost allocation (depletion). Use a real-world example to explain your answers. b. Assume you are the chief accountant of Microsoft Corporation, Describe to the Board of Directors the accounting for intangible assets, including their acquisition and cost allocation (amortization). Use an example in your...
Option #2: Accounting for Intangible Assets and Natural
Resources
Part 1
Assume you are the chief accountant of Exxon Mobil. Describe to
the Board of Directors the accounting for natural resources,
including their acquisition, and cost allocation (depletion). Use a
real-world example to explain your answers.
Assume you are the chief accountant of Microsoft Corporation.
Describe to the Board of Directors the accounting for intangible
assets, including their acquisition and cost allocation
(amortization). Use an example in your explanations.
On...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
What an Executive Summary Is
An executive summary is a specific type of document that does
two things: it summarizes a research article, and it offers
recommendations as to how information from the article can be
used.
Some long reports can contain an executive summary section, as
indicated in the Pearson handbook.
Write a 2 pahe Executive Summary
In business contexts, an executive summary is always written
for a specific purpose: to explain the information in the article
to a...
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