Nieland industries had one patent recorded on its books as of january 1, 2020. this patent had a book value of $288,000 and a remaining useful life of 8 years. during 2020, nieland incurred research and development costs of $96,000 and brought a patent infringement suit against a competitor. on december 1, 2020, nieland received the good news that its patent was valid and that its competitor could not use the process nieland had patented. the company incurred $85,000 to defend this patent. at what amount should patent(s) be reported on the december 31, 2020, balance sheet, assuming monthly amortization of patents?

The de mesa family will soon be occupying their newly renovated house. however, the bathroom measuring 10ft. by 16 ft. still needs to be covered by tiles. if the tile that they desire measures 2/5 ft by 2/5 ft., how many tiles will they need to cover the bathroom floor?

In each of the cases below, assume division x has a product that can be sold either to outside customers or to division y of the same company for use in its production process. the managers of the divisions are evaluated based on their divisional profits. case a b division x: capacity in units 200,000 200,000 number of units being sold to outside customers 200,000 160,000 selling price per unit to outside customers $ 90 $ 75 variable costs per unit $ 70 $ 60 fixed costs per unit (based on capacity) $ 13 $ 8 division y: number of units needed for production 40,000 40,000 purchase price per unit now being paid to an outside supplier $ 86 $ 74 required: 1. refer to the data in case a above. assume in this case that $3 per unit in variable selling costs can be avoided on intracompany sales. a. what is the lowest acceptable transfer price from the perspective of the selling division? b. what is the highest acceptable transfer price from the perspective of the buying division? c. what is the range of acceptable transfer prices (if any) between the two divisions? if the managers are free to negotiate and make decisions on their own, will a transfer probably take place?

It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items