Question

Pick any company you can think of, It can be a car company, clothing company, bank...

Pick any company you can think of, It can be a car company, clothing company, bank (your choice). what are some intangible assets of that company that endear you to it?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

An intangible asset doesn't have any physical existence but carries some value which is mentioned in the balance sheet. Some examples of this could be - Patents, Copyrights, Trademarks, Goodwills, Intellectual Properties, Softwares, etc. This is present in the balance sheet of a company and gets amortized every year.

An Indian bank named State Bank OF India is chosen for this question and we can get the data from the balance sheet of it, in the asset section as Goodwill which is an intangible asset for the bank.

It amounts to be 1549.99 crores for the financial year 2020 which was around 1734.07 crore in financial year 2019.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Pick a cost that you think should be shared by all divisions or a cost that...
Pick a cost that you think should be shared by all divisions or a cost that you think should not be shared by all divisions and list the pros and cons of your choice. If you would allocate the cost what base would you use, and pros and cons of that choice.
Pick any two variables that you feel may be related and estimate what you think the...
Pick any two variables that you feel may be related and estimate what you think the strength of the correlation coefficient would be for those two variables. In your response, estimate the value of r. For example, specify a strong (.7 to .9), medium (.4 to .6), or low (0 to .3) value for r. The value of the coefficient can be positive or negative. For example, consider an increase in police patrols in a neighborhood and the number of...
Pick any two variables that you feel may be related and estimate what you think the...
Pick any two variables that you feel may be related and estimate what you think the strength of the correlation coefficient would be for those two variables. In your response, estimate the value of r. For example, specify a strong (.7 to .9), medium (.4 to .6), or low (0 to .3) value for r. The value of the coefficient can be positive or negative. For example, consider an increase in police patrols in a neighborhood and the number of...
Pick any two variables that you feel may be related and estimate what you think the...
Pick any two variables that you feel may be related and estimate what you think the strength of the correlation coefficient would be for those two variables. In your response, estimate the value of r. For example, specify a strong (.7 to .9), medium (.4 to .6), or low (0 to .3) value for r. The value of the coefficient can be positive or negative. For example, consider an increase in police patrols in a neighborhood and the number of...
Pick any two variables that you feel may be related and estimate what you think the...
Pick any two variables that you feel may be related and estimate what you think the strength of the correlation coefficient would be for those two variables. In your response, estimate the value of r. For example, specify a strong (.7 to .9), medium (.4 to .6), or low (0 to .3) value for r. The value of the coefficient can be positive or negative. For example, consider an increase in police patrols in a neighborhood and the number of...
Pick any two variables that you feel may be related and estimate what you think the...
Pick any two variables that you feel may be related and estimate what you think the strength of the correlation coefficient would be for those two variables. In your response, estimate the value of r. For example, specify a strong (.7 to .9), medium (.4 to .6), or low (0 to .3) value for r. The value of the coefficient can be positive or negative. For example, consider an increase in police patrols in a neighborhood and the number of...
Imagine visiting overseas, where you win the local lottery and can buy any foreign car you...
Imagine visiting overseas, where you win the local lottery and can buy any foreign car you wish and will pay full retail price using the local currency, payable in three months. You have determined that you have enough cash at your bank in New York City, which pays 0.35 percent interest per month, compounding monthly, to pay for the car. There are two ways to pay for your car: Keep the funds at your bank in the United States and...
You've been saving up for a new car that you think costs $25,000. You already have...
You've been saving up for a new car that you think costs $25,000. You already have $10,000 and you think that, with interest and additional savings, the $10,000 will grow to $20,000 in three years. Suddenly, the phone rings and a voice at the other end of the line tells you that you've won $5,000. You have the choice of collecting the $5,000 immediately, or collecting it in three years which will give you enough money to buy the car....
Assume you are the financial controller of a new established company. The CEO has asked your...
Assume you are the financial controller of a new established company. The CEO has asked your choice of accounting policy regarding the measurement of intangible assets at the time of recognition and after the acquisition. Required: State your choice of accounting policy regarding the measurement of intangible assets at the time of recognition and after the initial acquisition. Explain the reason (s) of your choice (s). You should provide comments regarding the choice of accounting method.
6. Suppose you walk into a bank to borrow money for a new car. The loan...
6. Suppose you walk into a bank to borrow money for a new car. The loan officer tells you that they will loan you $10,000 for the car at a simple interest rate of 5.3 percent per year. You must repay the loan at the end of the year. a) How much interest will you have to pay? b) The bank expects that the inflation rate will be 2.2 percent over the year. What does the bank think that the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT