Jung Inc. owns a patent for which it paid $85 million. At the end of 2021, it had accumulated amortization on the patent of $13 million. Due to adverse economic conditions, Jung's management determined that it should assess whether an impairment loss should be recognized for the patent. The estimated undiscounted future cash flows to be provided by the patent total $42 million, and the patent's fair value at that point is $33 million. Under these circumstances, Jung: a. Would record no impairment loss on the patent. b. Would record a $9 million impairment loss on the patent. c. Would record a $39 million impairment loss on the patent. d. Would record a $52 million impairment loss on the patent.

Answers

Answer 1

Jung Inc. would record a $9 million impairment loss on the patent.

An impairment loss on a patent is recognized when the carrying amount of the asset exceeds its recoverable amount. The recoverable amount is the higher of the asset's fair value less costs to sell or its value in use, which is determined by the present value of expected future cash flows. In this case, the estimated undiscounted future cash flows from the patent amount to $42 million, while its fair value is $33 million. Since the fair value is lower than the carrying amount, an impairment loss needs to be recognized.

To calculate the impairment loss, Jung Inc. would compare the carrying amount of the patent to its recoverable amount. The carrying amount is the original cost of $85 million minus the accumulated amortization of $13 million, which equals $72 million. The recoverable amount is the lower of the patent's fair value ($33 million) and its value in use ($42 million). Since the fair value is lower, the recoverable amount is $33 million. The impairment loss is calculated as the carrying amount minus the recoverable amount, which is $72 million minus $33 million, resulting in a $39 million impairment loss. However, the impairment loss recognized should not exceed the carrying amount of the asset. Therefore, the impairment loss would be limited to the carrying amount of $72 million. Thus, Jung Inc. would record a $9 million impairment loss on the patent.

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Related Questions

which of the five common reasons why new businesses fail did morgan mention as a significant hurdle for acre landscaping that craig and amy haven't solutions? multiple choice difficulty hiring and keeping good employees government paperwork inadequate management skills aggressive competition lack of financial support

Answers

Difficulty hiring and keeping good employees

They talk about it in the video

outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

hellp! WILL GIVE 30 POINTS!!

Alexis and Damian are both taking a course on picking a career. They go to the same art club so they both know what they enjoy doing. Surprisingly, Alexis and Damian might find careers in the Architecture and Construction Career Cluster that allow them to express themselves through art. Create a list of possible jobs in this cluster that could use an artistic person and explain a task that each job does that the two students might particularly enjoy.

*Dont answer for points, cuz I've gotten scames so many times :/

Answers

Answer:

A few jobs that express how you feel through art are house remodeling because you can decorate with things that make you happy or that show how you feel, professional painter because you can paint how you feel, and a gardener because you make the garden look like something that expresses how you feel.

Explanation:

Hope this helps! Just make sure to edit it a little so that you don't get in trouble! :)

True or False
A Person who works full time for a power company in the energy cluster is considered a consultant.

Answers

Answer:

True

Explanation:

Answer:

False, i took the quiz and got 100% percent- k-12 7th grade career final exam

Explanation:

an object is placed at a distance of 20cm from convex lens of focal length 15cm find the image distance​

Answers

Answer:

Image distance = 60 cm

Explanation:

Object distance from a convex lens = 20 cm

Focal length of convex lens = 15 cm

Use the following relation between the object distance, focal length and image distance.

\(\frac{1}{object\,\,distance}+\frac{1}{image\,\,distance} =\frac{1}{focal\,\,length}\)

\(\frac{1}{20}+\frac{1}{image\,\,distance}=\frac{1}{15}\\\\ \frac{1}{image\,\,distance}= \frac{1}{15}-\frac{1}{20}\\\\ \frac{1}{image\,\,distance}= \frac{4-3}{60} \\\\ \frac{1}{image\,\,distance}=\frac{1}{60}\)

Therefore,

Image distance = 60 cm

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%

Answers

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= \(\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}\)

On substituting the given values, we get

= \(\frac{800}{50,000}\)

= \(0.016\)

i.e.,

= \(1.60 \ percent\)

which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. increasing taxes on income from savings providing tax breaks and patents for firms that pu

Answers

The policies consistent with the goal of increasing productivity and growth in developing countries are:

- providing tax breaks and patents for firms that innovate

Providing tax breaks and patents for firms that innovate encourages investment in research and development, which can lead to technological advancements and increased productivity. This policy promotes innovation-driven growth and incentivizes firms to invest in improving their processes, products, and services.

On the other hand, increasing taxes on income from savings can have a negative impact on productivity and growth. Higher taxes on savings reduce the incentive for individuals and businesses to save and invest, which can limit capital accumulation and hinder economic growth.

Therefore, out of the two options provided, only providing tax breaks and patents for firms that innovate is consistent with the goal of increasing productivity and growth in developing countries.

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Describe the types of procedures that constitute risk assessment procedures

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Risk assessment procedures are an essential part of the audit process, designed to identify and evaluate risks that may affect an organization's financial statements. By identifying and evaluating risks, the auditor can plan the audit accordingly and design appropriate audit procedures to mitigate these risks.

There are various types of procedures that constitute risk assessment procedures, including:

1. Inquiry - the auditor communicates with the management to gain an understanding of the entity's business operations and identify any risks associated with them.

2. Observation - the auditor observes the client's activities to understand the nature of the entity's operations and identify any potential risks.

3. Inspection - the auditor inspects the client's documents and records to identify any potential risks, such as errors or fraud.

4. Analytical Procedures - the auditor uses analytical procedures to identify potential risks by comparing financial information to industry averages, prior period information, and expectations.

5. Walkthroughs - the auditor follows a transaction from the start to finish to identify any potential risks in the process.

These procedures are designed to ensure that the auditor has a thorough understanding of the client's business and the risks associated with it.

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what is pupil reflex?​

Answers

Answer:

constriction of the pupil that is elicited by an increase in illumination of the retina

Explanation:

Presence of the contamination Fusarium results in what unpleasant consequence?

Answers

The presence of the contamination Fusarium in food can result in several unpleasant consequences, depending on the type of food and the strain of the fungus.

Fusarium is a type of mold that can produce mycotoxins, which are toxic compounds that can cause health problems if ingested in large amounts. Some strains of Fusarium can produce mycotoxins that are harmful to humans and animals, including fumonisins, trichothecenes, and zearalenone.

Fumonisins, for example, can cause cancer and other health problems in humans and animals, while trichothecenes can cause vomiting, diarrhea, and other digestive problems. Zearalenone can cause reproductive problems in animals and has estrogenic effects, which can lead to infertility, miscarriage, and other health problems.

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question content area part 1 scarcity part 2 a. can be overcome by discovering new resources. b. stems from the incompatibility between limited resources and unlimited wants. c. is a bigger problem in market economies than in socialist economies. d. can be eliminated by rationing products.

Answers

Scarcity stems from the incompatibility between limited resources and unlimited wants

Because the desires of economic agents, such as people, businesses, or the government, are limitless, scarcity is a fundamental economic problem that affects every civilization. The incompatibility of finite resources and countless wants is the root of the world's economic problems.

Resources are constrained in that there is only a certain amount of them, and they cannot be expanded to satisfy everyone's unending needs or those of society as a whole. People and society must therefore decide how to divide up these finite resources in order to best satisfy their needs and wants. All economic activity is fueled by scarcity, which is the reason people have to make decisions and trade-offs.

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which part of the marketing mix gets the most attention from producers and manufacturers

Answers

The marketing mix is composed of four Ps: product, price, place, and promotion. While all four are important, producers and manufacturers tend to focus most on the product aspect. This is because a successful product is the foundation of any marketing strategy.

Producers and manufacturers invest a great deal of time, effort, and money into researching and developing new products, improving existing ones, and ensuring that they meet the needs and wants of their target market. Once the product is in place, the other Ps can be adjusted accordingly to create a well-rounded marketing plan. However, without a strong product, the other elements of the marketing mix may not be as effective.


Manufacturers focus on aspects such as design, features, performance, and packaging to ensure their product stands out in the market. While the other components of the marketing mix are important, the product is the foundation upon which pricing, promotion, and distribution strategies are built.

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are the costs related to the product that have to be paid regardless of the amount you sell.

A) Fixed cost

B) Opportunity costs

C) Variable costs

D) none of the above

Answers

Answer:

C) Variable costs

Explanation:

please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.

Answers

a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:

Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.

b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.

To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.

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which of the following is not likely to be an assurance engagement objective related to auditing governance activities? determine customer satisfaction with shareholder communications. assess compliance with ethics policies. evaluate the design adequacy of board education and training. determine the operating effectiveness of the whistleblower process.

Answers

Determine customer satisfaction with shareholder communications. assess compliance with ethics policies. evaluate the design adequacy of board education and training.

The goal of shareholder communications is to increase company visibility within the investment community, ensure consistent delivery of key messages, and ultimately keep costs and capital available.

Effectively communicating business strategy and results helps investors and shareholders understand the value of their investment in the company. If you don't communicate (or perform poorly), the shareholder may feel that her ROI is not commensurate with the perceived risk.

The majority of communication with shareholders should be conducted by appropriate individuals, such as management, general counsel, corporate secretary, and investor relations, with appropriate assistance from human resources, compensation officers, and other professionals.

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what do you understand by 'business'?Explain it's characteristics.​

Answers

Answer:

Business is an economic activity that involves the exchange, purchase, sale, or production of goods and services with a motive to earn profits and satisfy the needs of customers.

Explanation:

Businesses can be profit or non-profit organizations that function to gain profits or achieve a social cause.

Characteristics:

Economic activity: Business is an economic activity of producing and distributing goods and services.Buying and Selling.Profit MotiveCustomer satisfactionCreative and Dynamic

the positive view of advertising suggests that it contributes to economic efficiency in the economy.A. TrueB. False

Answers

The statement "the positive view of advertising suggests that it contributes to economic efficiency in the economy" is true.

Advertising is considered to have a positive impact on the economy because it helps to promote products and services, leading to increased sales and revenue for businesses. This, in turn, leads to job creation and economic growth.

Advertising also helps to increase competition in the market, which drives down prices and increases efficiency in the economy. Companies are forced to innovate and improve their products and services to remain competitive, which benefits consumers.

Additionally, advertising helps to inform consumers about new products and services, which can lead to improved consumer choices and satisfaction. This is because advertising helps to provide consumers with information about the features, benefits, and prices of different products and services, allowing them to make more informed purchasing decisions.

Overall, advertising is considered to be an important contributor to economic efficiency in the economy. It helps to promote competition, innovation, and consumer choice, which ultimately leads to increased economic growth and prosperity.

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Define general banking services offered by financial institutions

Answers

The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.

Why are children in low-income families at a higher risk for asthma than those in wealthier families?

Answers

Because their houses and schools are frequently situated close to busy roads or factories, children from low-income families are more likely to develop asthma than children from wealthy families.

Asthma: What Is It?

A chronic (long-lasting) disease that affects the lungs' airways is asthma. The tubes that let air into and out of your lungs are called airways. The airways may occasionally swell and restrict if you have asthma. As a result, it is more difficult for air to leave your airways when you exhale.

According to the Centers for Disease Control and Prevention external link, asthma affects around 1 in 13 Americans. It begins frequently in childhood and affects people of all ages. Pollen, exercise, viral infections, and cold air are a few examples of things that can trigger or exacerbate asthma symptoms. We refer to these as asthma triggers.

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Give the point on each budget constraint, B, that gives the maximum production. Round your answers to the nearest 0.5. On B = 2000:( 5 = i 1 1 On B = 4000:( i 12 i 5 OnB = 6000:( i = 12.5 10 On B = 8000:( i i On B = 10,000:( i i 2 (b) Complete the table, where the budget, B, is in dollars and the maximum production is the number of pairs of skis to be produced each week. Round your answers to the nearest integer. B 2000 4000 6000 8000 10,000 M i (c) Estimate the Lagrange multiplier i = dM at a budget of $4000. dB Round your answer to three decimal places. 2 = i

Answers

The points on the budget constraint that give maximum production are  (200, 1000). The maximum production values for different budgets are 5, 12, 12, 11, and 10. The estimated Lagrange multiplier at a budget of $4000 is approximately -0.0035.

(a) To find the points on each budget constraint that give maximum production

For B = 2000

We have the constraint 5x + y = 2000.

Solving for y, we get y = 2000 - 5x.

Substituting y back into the production function, we have M = x(2000 - 5x).

To find the maximum, we can take the derivative and set it equal to zero:

dM/dx = 2000 - 10x = 0.

Solving for x, we get x = 200.

Substituting x back into the constraint equation, we get y = 1000.

So, the point on the budget constraint B = 2000 that gives maximum production is (200, 1000).

Following the same process for other budget constraints

For B = 4000: The point is (400, 2000).

For B = 6000: The point is (500, 3000).

For B = 8000: The point is (566.67, 3400).

For B = 10,000: The point is (600, 3600).

(b) Completing the table

To calculate the maximum production values for each budget constraint, we need to substitute the given budget values into the production function and find the corresponding values of the decision variable (x).

Given the production function M = x(2000 - 5x), we can calculate the maximum production for each budget constraint as follows:

For B = 2000

Substitute B = 2000 into the production function

M = x(2000 - 5x)

M = 2000x - 5x²

To find the maximum, we can take the derivative and set it equal to zero:

dM/dx = 2000 - 10x = 0

Solving for x:

2000 - 10x = 0

10x = 2000

x = 200

Substituting x back into the production function

M = 2000(200) - 5(200)²

M = 400,000 - 200,000

M = 200,000

So, for B = 2000, the maximum production (M) is 200,000.

Similarly, we can repeat this process for other budget values

For B = 4000:

dM/dx = 2000 - 10x = 0

10x = 2000

x = 200

M = 2000(400) - 5(400)²

M = 800,000 - 800,000

M = 0

For B = 6000:

dM/dx = 2000 - 10x = 0

10x = 2000

x = 200

M = 2000(500) - 5(500)²

M = 1,000,000 - 1,250,000

M = -250,000

For B = 8000:

dM/dx = 2000 - 10x = 0

10x = 2000

x = 200

M = 2000(566.67) - 5(566.67)²

M = 1,133,340 - 1,611,112.23

M = -477,772.23

For B = 10,000:

dM/dx = 2000 - 10x = 0

10x = 2000

x = 200

M = 2000(600) - 5(600)²

M = 1,200,000 - 1,800,000

M = -600,000

The calculated maximum production values for each budget constraint are as follows

B = 2000: M = 200,000

B = 4000: M = 0

B = 6000: M = -250,000

B = 8000: M = -477,772.23

B = 10,000: M = -600,000

(c) To estimate the Lagrange multiplier i = dM/dB at a budget of $4000

We already have the maximum production point for B = 4000 as (400, 2000).

To find i, we can take the derivative of the production function with respect to B:

i = dM/dB = dM/dx * dx/dB

Since dx/dB is the same as the slope of the budget constraint, which is -1/5, we can calculate it as:

i = (dM/dx) * (-1/5)

Substituting the values, we get:

i = (2000 - 10x) * (-1/5)

At x = 400 (from the point (400, 2000)), we can estimate the value of i as:

i = (2000 - 10(400)) * (-1/5)

i ≈ -0.0035 (rounded to three decimal places).

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What economic concept is applied in this statement?

By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.

A.
equilibrium
B.
law of demand
C.
law of supply
D.
negative externality
E.
positive externality
Reset Next

Answers

By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.

What are skills?

Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.

When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.

Therefore, option E positive externality is the correct option for the given statement.

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For each risk identify the kind of risk (Pure risk, Speculative Risk, Diversifiable risk, Non- 10) diversifiable risk, Systemic Risk)

Answers

To identify the kind of risk associated with each type, here are the classifications:

Non-diversifiable risk - Also known as systematic risk or market risk, this type of risk affects the entire market or a specific segment of it. It cannot be eliminated through diversification because it is inherent to the overall market conditions. Examples of non-diversifiable risk include economic downturns, political instability, natural disasters, and changes in interest rates.

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It is possible to possess elements of more than one learning style.

Answers

Yes it is possible to posses elements of more than 1.

Duties performed by warehouse case study class 11

Answers

The duties performed by a warehouse include receiving, storing, and distributing goods and materials efficiently and safely.

What are the primary responsibilities of a warehouse?

A warehouse plays a crucial role in the supply chain management of businesses. Its main responsibilities revolve around receiving, storing, and distributing goods and materials.

Upon receiving shipments, warehouse staff inspect the contents for quality and accuracy verifying that the delivered items match the corresponding documentation. They then organize and store the goods in designated locations within the warehouse ensuring efficient use of space

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Under what conditions is industry analysis not as powerful?.

Answers

Answer:

Explanation:

 a) in times of stagnation. b) in fast-changing industries.

The conditions are industry analysis not as powerful are in fast changing. The technologies are the changes, the process was the not change.

What is industry?

The term industry refers to the factory are the manufacturing of the product. The production of the goods making. The process of the raw material are the converted into the finished goods. The labour are the performing the work. The industry are the important part of the economy.

The industry are the significant part of the economy because it's they generate the employment. The industry  are the not powerful as the in fast changing. The main causes are the in fast-changing industries. The industries are the not adopted to the all the technology because its the increases the expenses.

As a result, the conditions are industry analysis not as powerful are in fast changing.

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basic assumptions represent the core values of an organization and are

Answers

The basic assumptions represent the core values of an organization and are those taken for granted and highly resistant to change.

Basic assumptions are basically the source of values and what causes actions within the organization

Basic assumptions of an organization are usually not discussed, been written or easily found, but they are known.

Sometimes, the basic assumptions are sometimes taken for granted by employees but they hardly changed because they are underlying.

The basic assumptions comprises of the unconscious thoughts, beliefs, perceptions, feelings etc.

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Answer: difficult to change

Explanation:

International trade organizations promote free trade by encouraging countries to:__.
a. maintain their tariffs. b. establish their trade quotas. c. limit their protectionism policies. d. develop their products.

Answers

Answer:

a

Explanation:

edge 2023

International trade organizations promote free trade by encouraging countries to maintain their tariffs. Thus the correct option is A.

What is trade?

Trade refers to the exchange of goods and services with money to perform an economic exchange. When this trade takes place across borders it is called international trade.

To lower or remove tariffs and other trade obstacles, International trade organizations encourage nations  which may make it simpler for nations to export and import products and services. This is how they promote free trade.

Additionally, these organizations offer technical support and other forms of aid to help countries take part in international trade more successfully.

Therefore, option A maintaining their tariffs is appropriate.

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Which is a good rule to follow when sending business emails? (1 point)

Answers

Answer:

Avoid forwarding spam and unnecessary messages such as chain letters.

Explanation: did the test

The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.

What is email?

An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.

It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.

When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.

Therefore, the use of formal languages and proper formats made the emails more accurate.

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What should customer service representatives use to achieve a win-win outcome between customers and their employer?

both hard and soft skills
sales strategies
persuasion
goals and objectives

Answers

Answer:

i think it is the 3rd one I'm not sure but I need help on one of mine and it would be really good if you can help me I will appreciateit

Use the data from the GDP graph to complete each sentence.

Between 2007 and 2008, market growth ________.
Between 2008 and 2009, the GDP _______.
In 2008, GDP nearly reached_______.

Answers

Answer:

increased

decreased

50,000

Explanation:

Answer:

increased

decreased

50,000

Explanation:

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