Joni hyde inc. has the following amounts reported in its general ledger at the end of the current year. organization costs $24,000 trademarks 15,000 discount on bonds payable 35,000 deposits with advertising agency for ads to promote goodwill of company 10,000 excess of cost over fair value of net identifiable assets of acquired subsidiary 75,000 cost of equipment acquired for research and development projects; the equipment has an alternative future use 90,000 costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 80,000
instructions on the basis of the information above, compute the total amount to be reported by hyde for intangible assets on its balance sheet at december 31, 2007. equipment has alternative future use

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Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times