Juilette Ltd is a digital marketing company that undertakes online marketing functions for its customers. In May 2018, Juilette Ltd hired an external consulting firm to review its operations. One of the recommendations made by the external consultants was that the computer software used by Juilette Ltd to produce online advertisements was outdated and should be replaced. Management of Juilette Ltd prepared a report that outlined the following options for the replacement of the computer software:
· Option 1: acquire a licence from Media Solutions Ltd to use their computer software package. The licence could be acquired immediately for $80,000 and would last five years. A condition of the licence is that Juilette Ltd is prohibited from selling, transferring, licensing, renting or exchanging the computer software even after the licence has expired.
· Option 2: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would be patented at an additional cost of $15,000.
· Option 3: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would not be patented.
Required
(a) For each of the three options, explain whether the computer software satisfies the definition of an intangible asset in accordance with AASB 138 Intangible Assets. In particular, explain whether the computer software satisfies the criterion of identifiability in the definition of an intangible asset.
(4 marks)
(b) For each option that satisfies the definition of an intangible asset, explain the recognition criteria that would be applied by Juilette Ltd. (2 marks)
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Judonna And Candice Were Shopping At The Mall Judonna Needed To Go To The Other
/in Uncategorized /by developerJudonna and Candice were shopping at the mall. Judonna needed to go to the other end of the mall to get something. She said to Candice, “Meet me at 2:00 in front of Sears.” Candice thought that ‘in front’ meant outside in front of the parking lot entrance. Judonna thought that ‘in front’ meant in front of the entrance on the inside of the mall. Judonna and Candice spent two hours waiting for each other. What language problem is reflected in this situation?
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Judy Has 2 000 For A Down Payment On A Vehicle And She Can Afford Monthly Paymen
/in Uncategorized /by developerJudy has $2,000 for a down payment on a vehicle and she can afford monthly payments of $400. She wants to finance a vehicle over no more than 4 years. If lenders are currently offering 6 percent interest on 5-year loans, what is the maximum price Judy can pay for a vehicle?
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Judy S Measured Potassium Level Varies According To The Normal Distribution With
/in Uncategorized /by developerJudy’s measured potassium level varies according to the Normal distribution with mean = 3.8 and standard deviation = .2. A patient is classified as hypokalemic if the potassium level is below 3.5.(a) If a single potassium measurement is made, what is the probability that Judy is diagnosed as hypokalemic? (b) If measurements are made instead on 4 separate days and the mean result is compared with the criterion 3.5, what is the probability that Judy is diagnosed as hypokalemic?
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Juggernaut Satellite Corporation Earned 10 Million For The Fiscal Year Ending Ye 1
/in Uncategorized /by developerJuggernaut Satellite Corporation earned $10 million for the fiscal year ending yesterday. The firm also paid out 25 percent of its earnings as dividends yesterday. The firm will continue to pay out 25 percent of its earnings as annual, end-of-year dividends. The remaining 75 percent of earnings is retained by the company for use in projects. The company has 1.25 million shares of common stock outstanding. The current stock price is $40. The historical return on equity (ROE) of 11 percent is expected to continue in the future. A.What is the required rate of return on the stock?
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Juilette Ltd Is A Digital Marketing Company That Undertakes Online Marketing Fun
/in Uncategorized /by developerJuilette Ltd is a digital marketing company that undertakes online marketing functions for its customers. In May 2018, Juilette Ltd hired an external consulting firm to review its operations. One of the recommendations made by the external consultants was that the computer software used by Juilette Ltd to produce online advertisements was outdated and should be replaced. Management of Juilette Ltd prepared a report that outlined the following options for the replacement of the computer software:
· Option 1: acquire a licence from Media Solutions Ltd to use their computer software package. The licence could be acquired immediately for $80,000 and would last five years. A condition of the licence is that Juilette Ltd is prohibited from selling, transferring, licensing, renting or exchanging the computer software even after the licence has expired.
· Option 2: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would be patented at an additional cost of $15,000.
· Option 3: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would not be patented.
Required
(a) For each of the three options, explain whether the computer software satisfies the definition of an intangible asset in accordance with AASB 138 Intangible Assets. In particular, explain whether the computer software satisfies the criterion of identifiability in the definition of an intangible asset.
(4 marks)
(b) For each option that satisfies the definition of an intangible asset, explain the recognition criteria that would be applied by Juilette Ltd. (2 marks)
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Julia Dumars Is A Ilcensed Cpa During Le Lst Mnnth Uf Dvemtlnns Nf Her Duslnxs J
/in Uncategorized /by developerPlease review the attached images and fill in the blanks.
Julia Dumars is a Ilcensed CPA. During file fllst mnnth uf Dvemtlnns nf her Duslnxs, Julia Dumars. Inl:.. the fullnwimj events and transacliuns occurred. May 1 stuckhcldere invected $22,500 cash in exchange fur mmmun etack.2 Hired a secretamecepdenlst ata salaw pf $1,700 ner month.3 Purchased $1,770 at sunnlie on accnunt from Vinnent SunDlv Cananv.7 Reid nffice rent at 57m cash for the month.11 Campleted a tax amiqnment and billed client $3,5uu lnr services performed.12 Received $3,770 advance en a management consulting engagement.17 Reneived cash nf n.02u Eur serving nerhmned fer orville Ca.31 Paid secretary-receptiunifl 51,700 salary far the month.31 Paid 51% of balance due Virluenl Sum!” camnanv. Julia uses the fullnwing chart uf accounts: No. 101 Cash, Nu. 112 Accuunls Receivable, Me. 126 Supplies, ND. 201 Accuvnte Payable, Me. 209 Unearned Servlce Revenue, Nu. 311 Cnmmun stuck, ”11.400 Service Revenue, No. 725 Salaries and Wages Expense, and Na. 72:: Rent Expense. Juumalize the tra usacllnrls. (Rnund’ ans werj tn D decim-if places, e. _ 5,275. Credit accnunt titles are automatically indented when the amount is entered. Do not indent manually. I! no entry is required, jelect "No Entry" for the account title5 and enter 0 In! the amounts.) Cred Dale Amunnt‘fiu-s and Explanahon Re Dell May 1 (Issued §iaie5 of arm for ash) May 2 May 3 (Purd’lased SWDIIE an acmunt) May 7 (Paid mfim rent) May 11 (Billed Elem fur SWEES Dmlded) May 12 (Retewed (35‘: In hmire services) May 17 (Received ash for services unwidad) May 31 (Paid saiance)
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Julia Is Buying A 30 000 Car The Dealer Offers Her Two Alternatives Choice 1 Pay
/in Uncategorized /by developerJulia is buying a $30,000 car. The dealer offers her two alternatives.
[Choice 1] Pay the full $30,000 purchase price and finance it with a loan at 5% annually over 4 years.
[Choice 2] Receive $2,000 cash back and finance the rest at a bank annual interest rate of 9%.
Both loans have monthly payments over four years. Which should Julia choose?
Choice 1
Choice 2
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Julia Is In Charge Of Buying Clothing In Bulk For A Sporting Goods Store The Tab 1
/in Uncategorized /by developerJulia is in charge of buying clothing in bulk for a sporting goods store. The table shows the unit prices of the items she intends to buy.Unit Prices of Clothing Items for a Sporting Goods StoreItemUnit PriceT-shirts$7.50Shorts$9.00Windbreakers$12.25If she will buy 35 T-shirts, 45 pairs of shorts, and 25 windbreakers, what will be her total cost?$958.75$973.75$1,021.25$1,038.75
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Julian Berta And Maria Own 400 Shares 400 Shares And 200 Shares Respectively In
/in Uncategorized /by developerJulian, Berta, and Maria own 400 shares, 400 shares, and 200 shares, respectively, in JBM Corporation with earnings and profits of $750,000. Berta is Julian’s sister, and Maria is Julian’s aunt. JBM Corporation redeems all of Julian’s stock for $420,000. Julian paid $200 a share for the stock five years ago. Julian continued to serve on JBM Corporation’s board of directors after the redemption. With respect to the redemption:Answer A.
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Julie A Chem 242 Student Performed A Grignard Synthesis Following The Procedure
/in Uncategorized /by developerJulie, a CHEM 242 student performed a Grignard synthesis following the procedureoutlined in the current laboratory manual.She used 0.2601g of magnesium metal, which was thoroughly crushed afterweighing.Isopentyl bromide was the alkyl bromide. She used 1.4907g in her experiment.Her ketone was 1,4-cyclohexanedione. She used 0.5430g in her experiment.She obtained 0.8787g of the desired product.What is the percent yield in Jane’s synthesis?
Julie, a CHEM 242 student performed a Grignard synthesis following the procedureoutlined in the currentlaboratory manual.She used 0.2601g of magnesium metal, which was thoroughly crushed…
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