Organizational Behavior
Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Chapter 10.3, Problem 1CC

Discuss the paradox(es) of a team.

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In 2015, Kingston Technologies' research and development department developed a new software algorithm. The research and development costs totaled $95,000. The software was patented on July 1, 2015. Legal costs to acquire the patent were $13,500. Kingston decided to amortize the patent over a 15-year period. Kingstons fiscal year ends on June 30. On July 1, 2020, a competitor released a new software that rendered Kingston's patent obsolete. 1. How much amortization expense should Kingston report in each year through the year ended June 30, 2020? 2. What amount of loss should Kingston report in the year ended June 30, 2021?
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Anderson Enterprises has a profit margin of 5.8% on total sales of $30,200,000. The company's total assets amount to $18,500,000, and its total debt is $9,200,000. What is the firm's Return on Assets (ROA)?

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