select all that apply a patent was purchased for $15,000 and expected to be used for the 10-year life with no salvage value. the entry to expense the patent during the second year of life will include which of the following entries? (check all that apply.) multiple select question. debit to accumulated amortization $1,500. credit to accumulated amortization $1,500. credit to amortization expense $1,500. debit to amortization expense $1,500.
Answers
The entry to expense the patent during the second year of its life will include a debit to Amortization Expense for $1,500 and a credit to Accumulated Amortization for $1,500.
the correct entries to expense the patent during the second year of its life are:
1. Debit to Amortization Expense $1,500
2. Credit to Accumulated Amortization $1,500
In this case, the patent was purchased for $15,000 and is expected to be used for a 10-year life with no salvage value. To expense the patent during its useful life, we will use the straight-line method of amortization. The annual amortization expense will be calculated as the total cost of the patent ($15,000) divided by its useful life (10 years), which equals $1,500 per year.
During the second year of the patent's life, you would record the annual amortization expense by making the following journal entry: debit Amortization Expense for $1,500 and credit Accumulated Amortization for $1,500. This entry will properly record the expense related to the patent's usage and decrease the value of the patent on the balance sheet.
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Related Questions
A mutual fund’s net asset value increases by $5 per share. An investor who owns 450 shares of this fund sells them all for a profit of $2,205. What can you conclude about the fund? a. The fund is a no-load fund. B. The fund had a $0. 10 per share commission when purchased. C. The fund had a $1. 00 per share commission when purchased. D. The fund had a $10. 00 per share commission when purchased.
Answers
Based on the information provided, we can conclude that the fund had a $0.10 per share commission when purchased which is option B.
To determine the commission charged when purchasing the shares, we divide the total profit ($2,205) by the number of shares (450). The profit per share is $2,205 / 450 = $4.90. Since the net asset value (NAV) of the fund increased by $5 per share, it means that the investor covered the commission charged when purchasing the shares.
If the commission was $0.10 per share, the profit per share after deducting the commission would be $5 - $0.10 = $4.90, which matches the profit per share earned by the investor. Therefore, we can conclude that the fund had a $0.10 per share commission when purchased.
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how long will the increase in food stamps last in alabama 2021
Answers
Based on the latest information released by the Alabama government, the increase in food stamps would last in 2021, "when the target of 500,000 children has been met."
Food Stamps in Alabama 2021As a result of the coronavirus pandemic, the state government of Alabama, like many other states government in the United States, is giving out food stamps to people.
However, the rolling out of these current food stamps will last until after the target has been met, which is "500,000 children."
The food stamps benefit totaled $180 million.
Hence, in this case, it is concluded that the correct answer is "when the target of 500,000 children has been met."
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The GDP Deflator is Group of answer choices the growth rate of real GDP between two periods. the ratio of nominal GDP to real GDP. nominal GDP minus real GDP.
Answers
The GDP deflator is a measure that reflects the overall price level in an economy. It is calculated as the ratio of nominal GDP to real GDP, and is expressed as a percentage.
To calculate the GDP deflator, you need to first determine the nominal GDP, which is the value of goods and services produced in an economy at current prices. Real GDP, on the other hand, is the value of goods and services produced at constant prices, adjusted for inflation.
To find the GDP deflator, divide the nominal GDP by the real GDP and multiply by 100. This will give you a percentage that represents the change in prices over time.
For example, if the nominal GDP is $1,000 and the real GDP is $800, the GDP deflator would be (1000/800) * 100 = 125. This indicates that the overall price level has increased by 25% since the base year.
In summary, the GDP deflator is the ratio of nominal GDP to real GDP, and it measures changes in the overall price level in an economy.
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What does yae publishing house mainly publish and sell?.
Answers
Publishing houses typically specialize in specific areas or genres to establish a focused brand and target a specific market segment. Some common types of publishing houses include academic publishers, children's book publishers, fiction publishers, non-fiction publishers, poetry publishers, and specialized niche publishers.
Publishing houses generally publish and sell books, which can include both print and digital formats. The specific genres or subjects of the books can vary widely depending on the publishing house's focus. They may publish works of fiction, such as novels, short stories, and poetry collections, or non-fiction works encompassing a wide range of topics, including biographies, history, science, self-help, educational materials, and more.
Publishing houses often have a team of professionals who handle various aspects of the publishing process, including acquiring manuscripts, editing, designing book covers, marketing, distribution, and sales. They work closely with authors to bring their books to the market and make them available to readers through various channels such as bookstores, online retailers, and libraries.
It's worth noting that publishing houses may also expand their offerings beyond books, such as by publishing magazines, journals, or other related content. However, without specific information about YAE Publishing House, it is not possible to provide precise details about their specific focus or offerings.
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Transcribed image text: The case of FTC v. Standard Education was a transition away from O A reasonable-person standard in advertising, sales, and marketing O Consumer protectionism O Employer liability O Advertising regulation
Answers
In advertising, sales, and marketing, the FTC v. Standard Education case marked a shift away from the reasonable-person criterion.
Businesses that run commercials, advertising agencies that create the advertisements, media that broadcasts the advertisements, and a sizable number of people like copy editors and visualizers make up the advertising sector. The strategies used to promote a product or service are referred to as advertising. Advertising aims to draw consumers' attention by emphasising a product or service. Because they frequently aim to market a certain product or service, advertisements are a surefire way to engage an audience. By being appealing and investing enough money to reach the individuals you want to target, advertisements can have a significant impact on company.
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If the market value of property is $284,500 and the assessment ratio is 35%, what are the monthly taxes if the tax rate is 30 mills?
Answers
With a property market value of $284,500 and an assessment ratio of 35%, the monthly taxes would amount to approximately $248.94, assuming a tax rate of 30 mills.
To calculate the monthly taxes, we need to find the assessed value of the property first. The assessed value is calculated by multiplying the market value by the assessment ratio. Assessed value = Market value * Assessment ratio
Assessed value = $284,500 * 0.35 = $99,575
Next, we need to calculate the annual taxes by multiplying the assessed value by the tax rate.Annual taxes = Assessed value * Tax rate
Annual taxes = $99,575 * (30 mills / 1000) = $2,987.25
Finally, we can calculate the monthly taxes by dividing the annual taxes by 12.Monthly taxes = Annual taxes / 12
Monthly taxes = $2,987.25 / 12 = $248.94 (rounded to the nearest cent)
Therefore, the monthly taxes for the property would be approximately $248.94.
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What subjects are required to become a real estate agent?
Answers
Answer:
this is ans:
Explanation:
Before you can take the real estate license exam, you will take classes in subjects like real estate fundamentals, real estate law, and mortgage financing. You can take these courses at a community college, state college, or university to earn a certificate, an associate degree, or a bachelor's degree in real estate.
Gillian is a real estate licensee who attends a party at the home of a mortgage broker, Tim, with whom she has worked in the past. At the party, Tim offers her tickets to a concert, saying that he can’t use them. She accepts gladly, and laughs when Tim says as he hands the tickets over, "And all I ask in return is that you send a customer or two my way!" Is Gillian guilty of a violation? Unset starred question No, but Tim is. No, there is no violation. Not unless she neglects to disclose the exchange and the value of the tickets to her broker within three days. Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Answers
Answer:
Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Explanation:
Real Estate Settlement Procedures Act (RESPA) are a set of guidelines for licencing agents and real estate agents that is aimed at bringing transparency to settlement costs of properties.
It prohibits referral fees and kickbacks with the view of reducing final closing price to consumers.
In the given scenario Tim offers Gillian tickets to a concert, saying "And all I ask in return is that you send a customer or two my way!"
This is considered to be a referral fee which is in violation of RESPA.
Difference between pharmacy and pharmacist ? it's important.
Answers
Answer:
a cist works in the pharmacy
Which situations offer examples of banking and related services workers? select three options. anna analyzes loan applicants to decide whether to give them loans. aaron helps customers put money into and remove money from their accounts. jared researches the credit history of people applying for credit. tamara reviews the finances of a business to determine whether it is profitable. raquel helps individuals and companies prepare their tax forms. troy helps a family create a budget to save more money.
Answers
Examples of banking and related services workers are;
Anna analyzes loan....Aaron helps customers put money...Jared researches the...What is banking?Banking sweves as the business of protecting money for others, it involves lending if money and generating interest that creates profits .
Therefore, example of banking is when Aaron helps customers put money into and remove money from their accounts.
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Answer:
ANNA, AARON, JARED
Explanation:
A; Anna analyzes loan applicants to decide whether to give them loans.
B; Aaron helps customers put money into and remove money from their accounts.
C; Jared researches the credit history of people applying for credit.
True or false: HRM is just as important to a company as the company's finance, marketing, and accounting departments.
Answers
**True.** HRM (Human Resource Management) is just as important to a company as its finance, marketing, and accounting departments.
While each department plays a crucial role in the overall functioning of a company, HRM is equally significant in ensuring the success and effectiveness of the organization. HRM is responsible for managing the company's human capital, including recruitment, selection, training, performance management, employee engagement, and employee relations.
Effective HRM practices contribute to various aspects of a company's success. For instance, HRM plays a vital role in attracting and retaining top talent, which is crucial for driving innovation, productivity, and competitiveness. HRM also ensures compliance with labor laws and regulations, promotes a positive work culture, fosters employee development, and manages conflicts or issues within the workforce.
Additionally, HRM plays a critical role in aligning the company's human resources with its strategic goals, facilitating organizational change, and promoting diversity and inclusion. Without effective HRM, companies may struggle to attract and retain talented employees, experience low employee morale, face legal and compliance risks, and hinder overall organizational performance.
Therefore, recognizing the importance of HRM as being on par with finance, marketing, and accounting departments is essential for organizations to thrive in a competitive business environment.
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PLEASE HELP!!
In the space provided below, please respond to the following: Create a list of business risks and ways to deal with them.
This project will focus on writing about a current event in business risks. The task is to first find an article that deals with business risks and write a summary of the article. In your summary, you should discuss what the risk is and what steps the business is taking to deal with it. During this project, you'll accomplish the following:
Objectives
Find an article that deals with business risks and write a summary of the article.
Current Event
Use the Internet to find an article that deals with business risks. Once you have found and read your article, record your summary and upload it. Use the following format.
Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of whether or not you think the appropriate steps are being taken to deal with the risk
Answers
Answer:
No matter how well you plan, your project can always encounter unexpected problems. ... You can use risk planning to identify potential problems that could cause ... Some events (like finding an easier way to do an activity) or conditions (like ... risks that you plan for do happen, and that's when you have to deal with them.
Explanation:
Answer:
I'm hoping that one above helped me out it didnt say :(
a purchase of a french bottle of wine by a resident of sweden would be considered an import when counting gdp in sweden. as a result, this purchase would be added to swedish gdp. a purchase of a pound of meatballs made in sweden and sold in canada would be considered an import for swedish gdp, which would be swedish gdp.
Answers
To calculate GDP accurately, only the value of goods and services produced within a country's borders is included, while imports are subtracted to avoid double counting.
There seems to be some confusion in your statement. Let's clarify the concepts related to GDP and imports:
GDP (Gross Domestic Product):
GDP measures the total value of goods and services produced within a country's borders during a specific period. It is used as an indicator of a country's economic activity and is typically measured in the country's own currency.
Imports:
Imports refer to goods and services purchased from foreign countries and brought into a particular country for consumption or use. Imports are considered as part of a country's total expenditure, but they are subtracted when calculating GDP.
In the scenarios you mentioned:
A purchase of a French bottle of wine by a resident of Sweden would be considered an import for Sweden. This means that it would not be added to Swedish GDP but rather subtracted as it represents an expenditure on foreign goods.
Similarly, a purchase of a pound of meatballs made in Sweden and sold in Canada would not be considered an import for Swedish GDP. It would be counted as part of Canadian GDP since it represents economic activity within Canada.
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Consumer education increases the likelihood of a product purchase true or false
Answers
TM
Find three websites that offer advice on how to manage restaurant staff well. Make sure that at least one of these sites is from an established source such as a professional organization or an expert in the field. Provide the links for the sites that you used and the article titles.
Then use your chosen sites to answer the questions:
1. What ideas or themes do the websites you chose have in common? Select two common themes and explain why they are important.
2. Other than the themes just discussed, what do you think is the best piece of advice that you read? Explain vour answer
3. Which piece of advice that you read about might be hardest to implement? What challenges could it potentially create?
4. Consider the advice from the employee's point of view. Discuss the point you read about that you think employees would appreciate most.
5. If you had to recommend one of the websites/articles as being the most useful, which would it be and why?
Answers
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
Three websites provide guidance on effective staff management for restaurants:
National Restaurant Association (https://restaurant.org/)
Toast Tab (https://pos.toasttab.com/)
Up serve (https://upserve.com/)
Write the Answers of he following Questions of the chosen sites?The effective communication and training themes are common to all of the websites. It is important to communicate well because it helps to reduce misunderstandings and improve teamwork among employees.
I read that providing employees with regular feedback was one of the best pieces of advice.
The suggestion that may be hardest to carry out is to consider representatives responsible for their presentation.
The significance of creating a positive work environment is one aspect that employees would appreciate the most.
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
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state courts that cannot award large damage amounts are typically called
Answers
State courts that cannot award large damage amounts are typically called limited jurisdiction courts.
These types of courts are typically responsible for handling minor civil and criminal cases, such as traffic violations, small claims, and misdemeanors. Limited jurisdiction courts are designed to handle cases that are less complex and have lower stakes, which means that the damages awarded in these cases are often lower than those awarded in higher courts. One reason for the limited jurisdiction of these courts is that they have a limited budget, which means that they cannot afford to handle more complex cases.
Another reason is that state laws often limit the types of cases that these courts can hear. While limited jurisdiction courts cannot award large damage amounts, they play an important role in the justice system by providing a forum for individuals to resolve minor disputes without having to go to higher courts. They also help to alleviate the workload of higher courts, which allows them to focus on more complex cases that require their attention.
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an individual does not have an attitude until he or she responds to an entity on a:
Answers
An individual's attitude remains undefined until they respond to an entity on a 1², highlighting the importance of interaction and engagement in shaping one's perspective and opinions.
Determine how to work the subscript 1 indicates?In the given statement, the subscript 1 indicates that the individual is responding to a specific entity. The superscript ² is used to denote the concept of attitude, which refers to an individual's feelings, opinions, or beliefs towards something or someone.
The statement suggests that until the individual interacts with or responds to the entity in question, their attitude remains undefined or non-existent. It implies that attitudes are formed or expressed as result of the individual's response to the entity or situation at hand.
The use of subscripts and superscripts helps clarify the specific context and relationships described in the statement.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Cube Company sells small refrigerators. It usually sells these refrigerators to hotels and offices. However, sometimes its customers choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments. Its primary market is a(n) _____________ market, but it also sells to a(n) _____________ market.
Select one:
a. business; consumer
b. business; demographic
c. business; industrial
d. consumer; business
e. industrial; target
Answers
Cube Company usually sells its small refrigerators to hotels and offices, which is the business market. This is because businesses are often in need of refrigerators to keep food or other things cold. However, sometimes the company's customers choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments, which is the consumer market.
Cube Company is a company that sells small refrigerators and usually sells these refrigerators to hotels and offices. Hotels and offices are always in need of refrigerators to keep food or other things cold. That's why Cube Company's primary market is the business market. However, sometimes its customers choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments. In this case, Cube Company is catering to a consumer market as well.The consumer market is where customers purchase products for their personal use. Cube Company sells small refrigerators for personal use. Therefore, it is also catering to the consumer market. In a consumer market, the consumer is the king. In this market, the producers have to pay attention to what the customer wants. The customer decides which product is successful and which is not. Therefore, Cube Company has to make sure that it keeps its customers happy by providing them with quality products and services.Cube Company has a primary market of a business market, but it also sells to a consumer market. This is because the company's customers sometimes choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments. Therefore, Cube Company is catering to both markets.
Cube Company has a primary market of a business market, but it also sells to a consumer market. Its customers sometimes choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments, which is the consumer market. Therefore, the correct answer is option (a) business; consumer.
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Fe2O3 + 3 CO → Fe + 3 CO2
Answers
Answer:
product 2FeO3+3CO2
Explanation:
Which of the following describes the QuickBooks Online Mobile Payroll app? Multiple Choice 20 The QuickBooks Mobile Payroll app allows employees the opportunity to review their payroll and contest any issues from their mobile device The QuickBooks Mobile Payroll app is a reference tool for employers to answer complicated employee payroll tax questions from their mobile device The QuickBooks Mobile Payroll app offers employers the convenience of running payroll from their mobilo (Aople or Android) and is synced with QuickBooks Online The QuickBooks Mobile Payroll opp provides the opportunity for employees to receive their tax forms on the device to automatically upload to the IRS
Answers
The correct answer is C. The QuickBooks Mobile Payroll app offers employers the convenience of running payroll from their mobile device (Apple or Android) and is synced with QuickBooks Online.
This means that employers can easily manage their payroll tasks on-the-go without having to be at their desktop computer. It allows for a more flexible and efficient way of managing payroll, which is especially useful for small business owners who may have limited resources and time.
The app is synced with QuickBooks Online, which means that all data entered on the mobile app is automatically updated in the online version of QuickBooks, ensuring accuracy and consistency in payroll management. Overall, the QuickBooks Mobile Payroll app is a powerful tool that simplifies payroll management for employers and helps them save time and effort.
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Which of the following is a true statement about information:
It is the same thing as data.
It is data put into a useful form.
OIt is simple to manage.
It has no value for an organization.
Answers
The correct answer to this question is that information is data put into a useful form. While data refers to raw facts or figures, information is the result of organizing, processing, and interpreting this data to provide meaning and insight. In other words, information is data that has been given context, structure, and relevance to support decision-making and problem-solving.
For example, a company might collect sales data for its products. This data is raw and meaningless on its own. However, if the data is organized, analyzed, and presented in the form of a sales report, it becomes information that can be used to identify trends, make predictions, and inform business strategy.
It is important to note that managing information is not always simple. Organizations must have effective systems and processes in place to collect, store, analyze, and share information. They must also be able to manage the security and privacy of this information to protect sensitive data from theft or misuse.
Overall, information is a valuable asset for organizations, providing insights and intelligence that can drive business success. By transforming raw data into meaningful information, organizations can gain a competitive advantage and make informed decisions that support their goals and objectives.
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On January 15, the end of the first biweekly pay period of the year, North Company’s payroll register showed that its employees earned $32,000 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. No employee earned > $7,000 in this first period. Prepare the journal entry to record North Company’s January 15 (employee) payroll expenses and liabilities.
Answers
Answer:
January 15, wages expense
Dr Wages expense 32,000
Cr Federal income taxes withheld 3,000
Cr FICA taxes (OASDI) withheld payable 1,984
Cr FICA taxes (Medicare) withheld payable 464
Cr Medical insurance payable 772
Cr Union dues payable 260
Cr Wages payable 25,520
Unemployment taxes, both FUTA and SUTA, are only paid by the employer, therefore, they are not included in this journal entry. The employer also contributes the same amount of FICA taxes as employees.
Label the parts of the Transactional Model.
Answers
Answer:
HOPE THIS HELP..PLZ MARK ME BRILLIENT
Explanation:
Which characteristic gives the term preference shareholder its distinct name?
Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.
Answers
Answer: dividends
Explanation:
Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.
Answer:
shuts down
Explanation:
Which of the following should NOT appear on a resume?
age
work experience
education
references
Answers
Answer:
Age
Explanation:
Age should not appear on a resume.
Extra : -
These also should not appear on a resume
Too much informationA solid wall of text.Spelling mistakes and grammatical errors.Inaccuracies about your qualifications or experience.Unnecessary personal information.Your age.Negative comments about a former employer.Details about your hobbies and interests.Max emailed Jacob offering to sell him a diamond ring for $400. Upon receipt of the offer, Jacob immediately emailed back, "I don’t have $400. I’ll give you $300." Max replied, "That’s not high enough." Jacob then e-mailed his acceptance agreeing to pay $400. Max refused to sell the ring to Jacob. Which of the following statements is true?
A. There is no contract
B. Jacob's first response to Max is a counteroffer
C. Both A and B are true
D. There is a contract as Max accepted Jacob's offer
Answers
Answer: The correct answer is A. There is no contract.
Explanation:
In this scenario, Max's initial offer was to sell the diamond ring for $400. Jacob's response of offering $300 is considered a counteroffer, as he proposed different terms than the original offer. Max then rejected Jacob's counteroffer by stating that it was not high enough. At this point, no agreement had been reached between the parties. Jacob's subsequent acceptance of the original offer for $400 does not form a contract because Max had already refused to sell the ring to Jacob. Therefore, there is no contract between Max and Jacob
In a market economy, equilibrium stays constant and never moves.
True or false
Answers
Answer:
false
Explanation:
there is always change in equilibrium any time demand or supply changes.
A(n) __________ boycott is an illegal attempt by labor to convince others to stop doing business with a firm that does business with a company that is the subject of a primary boycott
Answers
Answer:
Secondary.
Explanation:
you are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00. if you are paid $10.00/hour and your deductions are fica (7.65%), federal tax withholding (12%), and state tax withholding (8%), how many hours do you have to work to pay for the new computer? group of answer choices
Answers
You would need to work approximately 57.88 hours to pay for the new computer.
To calculate the number of hours you would need to work to pay for the new computer, let's consider your hourly wage and the deductions.
First, let's calculate the total amount of deductions. Add up the percentages for FICA (7.65%), federal tax withholding (12%), and state tax withholding (8%):
7.65% + 12% + 8% = 27.65%
Next, calculate the total deductions by multiplying the deductions percentage (27.65%) with the cost of the new computer ($800):
27.65% * $800 = $221.20
Subtract the total deductions from the cost of the new computer to find the net cost:
$800 - $221.20 = $578.80
To determine the number of hours you need to work, divide the net cost by your hourly wage of $10:
$578.80 / $10 = 57.88 hours
Therefore, you would need to work approximately 57.88 hours to pay for the new computer.
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