A) The journal entries to record the purchase of the patent and its 2020 amortization for Taylor Swift are as follows:
January 1, 2020 Debit Patent $54,000
Credit Cash $54,000
To record the purchase of the patent.December 31, 2020
Debit Patent Amortization Expense $5,400
Credit Accumulated Amortization $5,400 ($54,000/10)
To record the amortization expense for the year.B) The journal entries to record the $24,000 expenditure and 2019 amortization for Taylor Swift are as follows:
January 1, 2020 Debit Patent $24,000
Debit Cash $24,000
December 31, 2020 Debit Patent Amortization Expense $6,720
Debit Accumulated Amortization $6,720
Data and Calculations:A) Cost of patent = $54,000
Estimated useful life = 10 years
B) Carrying value of patent = $43,200
Cost of defending patent = $24,000
Transaction Analysis:A) January 1, 2020 Patent $54,000 Cash $54,000
December 31, 2020 Patent Amortization Expense $5,400 Accumulated Amortization $5,400 ($54,000/10)
B) January 1, 2020 Patent $24,000 Cash $24,000
December 31, 2020 Patent Amortization Expense $6,720 Accumulated Amortization $6,720 ($43,200 + $24,000/10)
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Answer:
Her journal entries in 2020 would be Folklore & Evermore Lyrics
Explanation:
yes
A product _____ is a group of products that are closely related to each other, in terms of either how they work or the customers they serve.
A group of products related to each other, in terms of operation or target audience, corresponds to a product line.
What is a product line?Also known as product mix, are the products sold by a company under different brands, with different benefits to reach a larger group of consumers.
Therefore, commercializing a product line can be a strategic advantage that generates value for consumers, competitiveness and market positioning.
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As a part of a human resource planning process, managers reviewed data regarding the knowledge and skills of all current employees as well as a profile of characteristics available in the external market. The managers are engaging in
The managers are engaging in C) supply forecasting.
What is employee supply forecasting?Supply forecasting in human resource management refers to the estimation of the supply of human resources.
Supply forecasting takes into consideration the analysis of current human resources inventory and future availability in the external market.
Answer Options:A) demand forecasting.
B) insourcing.
C) supply forecasting.
D) simulations.
E) recruitment.
Thus, the managers, who reviewed data about the knowledge and skills of all current employees and a profile of characteristics in the external market, are engaging in C) supply forecasting.
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Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?.
If a person withdraws $500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________. Group of answer choices
When a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
What is a checking account?It should be noted that a checking account simply means a deposit account that allows one to make withdrawals and deposit.
In this case, when a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
Here, M1 is the money supply which is composed of currency, demand deposit and savings deposit. M2 is the measure of money supply that has to do with cash, checking deposit and near money.
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Explain how the federal reserve regulates the money supply.
The Federal Reserve regulates the money supply by raising the requirements of the reserve.
What is Federal Reserve?The Federal Reserve System is the U.S. of America's central banking system.
After just a series of financial turmoil, a need for centralized control of the financial system to mitigate credit crisis led to the enactment of the Federal Reserve Act on December 23, 1913.
The Federal can regulate the money supply by increasing reserve requirements, which reference to the sum of money institutions must maintain against bank deposits.
Banks will be able to loan more money when reserve requirements are lowered, increasing the total supply of money in the economy.
Therefore, by raising the reserve, the Federal Reserve regulated the money supply.
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Ahmir agrees to purchase a shipment of oriental rugs from oriental rug company for the price of $50,000, to be delivered on august 15. on july 15, ahmir notifies oriental that he no longer wants to purchase the rugs. oriental spends $1,000 to advertise the rugs and obtains a new purchaser who buys the rugs for $40,000. oriental then sues ahmir for breach of contract. if oriental is successful in its breach of contract suit against ahmir, oriental may receive:
Assuming a new purchaser who buys the rugs for $40,000. if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.
Breach of contractUsing this formula
Amount to received from Ahmir=Initial price+Cost of advertisement -new selling price
Where:
Initial price=$50,000
Cost of advertisement=$1,000
New selling price=$40,000
Let plug in the formula
Amount to received from Ahmir=$50,000+$1,000-$40,000
Amount to received from Ahmir=$11,000
Inconclusion if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.
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Lcpl azimi's base pay is $1800 per month. he also receives partial bah of $10. 00 and bas of $290. his total withholdings are $300. he pays $250 per month for his car payment, $20 per month for a navy marine corps relief quick assist loan and the minimum payment on his credit card is $30 per month. what is azimi's debt to income ratio?
The debt to income ratio of azimi equals 16.67% because his gross income is $1,800 and total debt is $300.
What is a debt to income ratio?Its means the percentage of one' sgross monthly income that goes to paying your monthly debt payments.
Given data
Gross income = $1,800
Total Debt = $300 (250+20+30)
What is the debt to income ratio?= $300 / $1,800
= 0.16667
= 16.67%
Therefore, the debt to income ratio of azimi equals 16.67% because his gross income is $1,800 and total debt is $300.
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George has been assigned to be the new project manager for our project. He is eager to get off to a good start and wants to identify what activities he should first engage in. How would you advise him to start
To be an effective manager, George must first perform the work breakdown structure (WBS) in addition to clearly defining the project scope and statement of work.
How to be an effective project manager?It is essential to plan the project actions that will structure its progress, such as defining the schedule and using resources effectively.
Therefore, the project manager must also implement internal and external risk management to maximize opportunities and prevent negative eventualities.
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Under target costing, costs can be reduced in a variety of ways including all of the following EXCEPT a.simplifying the design. by.eliminating waste. c.changing the sales level. d.reducing the direct labor costs.
Under the target costing, the change in the sales level cannot be considered as the way to make a reduction in the costs.
Option C is the correct answer.
What do you mean by a target cost?Target cost is the maximum cost that can be levied on a manufactured product. It is determined by deducting the profit margin from the selling price.
According to the target costing, the simplification of designs, minimization the wastage, and the reduction of the direct cost of labor are considered the methods to reduce the costs. But the increasing or decreasing of sales level will not be used as a way to minimize the cost.
Therefore, the sales level changes will not affect the cost reduction apart from the other provided methods.
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Why do consumer advocates advise against using alternative financial services?.
Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
What is a financial service?It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.
In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
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Observation can be used to help determine ______. Multiple select question. proper inventory authorizations proper recording and allocation of labor and material costs physical controls over inventory separation of duties in the inventory area
Observation can be used to help determine proper inventory authorizations so as to meet the goals of the company.
What is observation ?Observation serves as the the action or process which involves closely monitoring of something or someone.
Therefore, with proper observation, as an expert you can determine proper inventory authorization so as to achieve organizational goals.
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what are the factors pricing up a product? Please mark me the brainiest. Thank you
Answer:
1) Product has more demand.
2) Competition.
3) Buying pattern of the consumer.
4) Economic Enviroment
5) The Governments Policy
Explanation:
Some main factors of pricing up a product.
The two methods of accounting for uncollectible receivables are the allowance method and the.
Answer:
1) the Direct Write-off Method and (2) the Allowance Method.
Explanation:
Janet wants to line a block of text on the right what up come in and allow her to do this
a. indet
b. window control
c. justification
d. line and page breaks
Answer:
I believe the answer would be C. Justification
Explanation:
She would be allowed to do this.
Expansionary fiscal policy causes the aggregate demand curve to shift to the _______ and is used to close a(n) _______ gap.
The expansionary fiscal policy causes the aggregate demand curve to shift to the right and is used to close a recessionary gap.
What is an expansionary fiscal policy?This is a fiscal policy that seeks to stimulate demand through the use of government income and increased spending.
Most time, this fiscal policy increases the level of aggregate demand through an increases in government spending.
Therefore, the word "right" and "recessionary gap" is correct.
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Which form do you use to inventory the unexpended ammunition and residue you receive from the training field
The form that can be used to inventory the unexpended ammunition and residue you receive from the training field is DA Form 5203.
What is ammunition?It should be noted that ammunition simply means the material fired, dropped or detonated from any weapon.
In this case, the form that can be used to inventory the unexpended ammunition and residue you receive from the training field is DA Form 5203.
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Years ago, American Express created the Gold Card for affluent customers. In response to recent declines, AmEx has decided to enhance the benefits of having a Gold Card by increasing the rewards and offering personalized services. This is an example of:
Based on the given scenario with Amex enhancing the benefits of having a Gold Card, this is an example of invention.
What is Invention?This refers to the creation of new things with the aim of making a process easier that has not been done before.
Hence, we can see that based on the changes made by American Express in their Gold Card for their affluent customers and the increased benefits, this is an example of an invention.
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The four utilities offered to consumers through retailing are:.
Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the united states is 8 million barrels per day. also suppose that when the price of gas decreases to $2.25 per gallon, the total amount of gasoline purchased is 12 million barrels per day. based on these numbers and using the midpoint formula, the percentage change in the quantity demanded is:
Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.
Percentage change in the quantity demanded
Using this formula
Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100
Let plug in the formula
Percentage change in quantity demanded=(12 - 8) / 8
Percentage change in quantity demanded =4/8×100
Percentage change in quantity demanded=50%
Inconclusion the percentage change in the quantity demanded is: 50%.
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Imagine that you are reading one of your favorite magazines. If you see a logo and recognize the brand as it is being presented to you, this is an example of Blank______.
When reading a magazine, seeing a logo and recognizing a particular brand, corresponds to an example of assisted recall.
What is assisted recall?It is an aided brand recognition technique, that is, it can also be performed as a market research technique where consumers are encouraged to respond about their knowledge of a brand.
Therefore, assisted recall can demonstrate the ability of a brand to be easily recognized and identified through its characteristics, such as colors, logo and design.
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Answer: It is aided recall.
Scott, the chief operating officer of Barcelona Restaurant Group, does not take long interviews because he:
Looking at the case study, COO Scott doesn't take long interviews because he thinks candidates don't speak the truth in interviews.
How to conduct an effective interview?The interview is a useful tool in the recruitment process, and its purpose is to get to know the candidate's personality better and understand their experiences and qualifications. For this, it is essential that the questions are structured and organized according to the needs of the company.
Therefore, the interview is an effective method for a more direct and dynamic conversation between the recruiter and the candidate, and when done well, it can be decisive in the hiring process.
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Merilee is a seamstress in a garment factory, and she is paid $10 for each skirt she produces. What compensation plan does this describe?
Assuming she is paid $10 for each skirt she produces. This compensation plan describe what is called piece rate.
What is piece rate?Piece rate can be defined as the process in which employee are being paid based on the number of product produced by the employee.
Some companies or employer tend to make use of piece rate pay by paying their employee based on the quantity of goods the company manufacture on a daily basis.
Inconclusion this compensation plan describe what is called piece rate.
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The _____ is the sum of past _____ less surpluses. national debt; budget deficits budget deficit; national debts budget deficit; public debts public debt; national debts
How might a customer react to a salesperson's
weak handshake?
Answer:
I think the customer will get upset.
The customer will think the salesperson is not ready to attend to him.
Your client, bruno, is an investor. he is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he'll be subject to. what should you tell him
I will tell him to consider a 1031 tax-deferred exchange as he hates the idea of the capital gains tax that will be imposed on his sales of his fourplex.
What is a capital gains tax?These is a type of tax that is owed on profits made from the sale of most investments if they are held for at least one year.
In conclusion, because bruno dislikes the idea of the capital gains tax that will be imposed on his sales of his fourplex, then, i will tell him to consider a 1031 tax-deferred exchange.
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i make 100,000 a day but i need more how can i get more without customers getting mad??
Answer:
Just work hard and be fast
Explanation:
Just work and be fast! People at the back wont get mad because you are a hardworking/fastworking man/woman!
Answer:
be nice and work hard
Explanation:
Since 2007, FedEx has contributed millions to the PGA Tour, and as its most lucrative donor, an event is named after the company. This is an example of
An example of a sponsorship is illustrated when FedEx contributed millions to the PGA Tour which makes its the most lucrative donor for the tour.
What is a sponsorship?This is a act of committing resources to a nonprofit event in exchange for specific promotional benefits.
Most time, they are often in financial support from businesses who wants to sponsor events, trade shows, groups, charity etc.
Therefore, the example of a sponsorship is illustrated when FedEx contributed millions to the PGA Tour.
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How many dollars would it cost to buy an edinburgh woolen mill sweater costing 50 british pounds if the exchange rate is 1.50 dollars per one british pound
The amount of dollars that it would cost to buy an edinburgh sweaters if the exchange rate is 1.50 dollars per one british pound is: $75.
Dollar amount to buy an buy an edinburgh woolen millUsing this formula
Dollar amount=Cost of woolen mill sweater×Exchange rate
Where:
Cost of woolen mill sweater=50 pounds
Exchange rate=1.50 dollars
Let plug in the formula
Dollar amount=50×$1.50
Dollar amount=$75
Inconclusion the amount of dollars that it would cost to buy an edinburgh woolen mill sweater is $75.
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How does information technology impact the economic sector?
Answer:
~ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ᴘʀᴏɢʀᴇꜱꜱ ᴀʟʟᴏᴡꜱ ꜰᴏʀ ᴛʜᴇ ᴍᴏʀᴇ ᴇꜰꜰɪᴄɪᴇɴᴛ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏꜰ ᴍᴏʀᴇ ᴀɴᴅ ʙᴇᴛᴛᴇʀ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ, ᴡʜɪᴄʜ ɪꜱ ᴡʜᴀᴛ ᴘʀᴏꜱᴘᴇʀɪᴛʏ ᴅᴇᴘᴇɴᴅꜱ ᴏɴ.
Explanation:
ᴍᴀɢᴀɴᴅᴀɴɢ ᴛᴀɴɢʜᴀʟɪ ꜱᴀ ᴀᴛɪɴɢ ʟᴀʜᴀᴛ!!!
Please heart my Answer←_←Tysm
Please heart my Answer←_←Tysm #Studying is important
what is financial statement?
Answer:
Financial statements are a collection of summary-level reports about an organization's financial results, financial position, and cash flows. They include the income statement, balance sheet, and statement of cash flows.
