Answer:
Dr Amortization expense 5.50
Cr Accumulated Amortization - Patent 5.50
Explanation:
Preparation of Journal entries to Record the adjusting entry for patent amortization in 2016
Van Frank Telecommunications
Dr Amortization expense 5.50
Cr Accumulated Amortization - Patent 5.50
(To record amortization of patent)
Calculation for the Amortized expense
Cost of the asset $19.80
Annual amortization $2.20
($19.80 / 9 years)
Amortization till date (2012-2015) $8.80
($2.20*4)
Unamortized value ($19.80-$8.80) $11.00
Remaining life 2 years
Amortized expense ($11.00/2) $5.50
Answer:
Letter D is correct
Explanation:
d. The primary reason the annual report is important in finance is that it is used by investors when they form expectations about the firm's future earnings and dividends, and the riskiness of those cash flows
Answer:
C. $0
Explanation:
Data provided in the question
Purchase value of the bond = $30,000
And, the market value of the investment at the ending year is $29,000
So by considering the above information, the $0 would be reported in the net income as only realized gains are transferred to the income statement
While the unrealized gain or loss on available for sale securities transferred to Comprehensive income statement and accumulated amount goes to Balance Sheet as a Accumulated Other Comprehensive Income
Answer:
request for proposal; proposal
Explanation:
A request for proposal is a document that provides the details of a project and asks for bids from companies that can complete the project. This document provides information like the activities that have to be performed, how the bids should be presented and the contract terms.
A proposal is a document that has an offer that is presented to a customer for providing a product or service. A proposal includes information like how the company is planning to fulfill the needs of the customer, the budget and the time frame.
According to this, the answer is that a request for proposal is a document prepared by the sponsor/customer, which defines the project requirements, whereas the proposal is a document that includes a proposed approach, schedule, and budget for meeting the project requirements.
Answer: Cost focus strategy
Explanation:
The cost focus strategy is one of the type of business strategy in which the various types of companies or organizations are try to expand their marketing segments and also emphasizing the cost in the market.
The cost focus strategy is one of the important element and component of the generic marketing strategy in the market.
According to the given question, the ski safety selling the various types of products for the rescue purpose and it outlining the main objective and start selling on the basis of emergency at very high cost.
Therefore, Ski safety is basically pursing the cost focus strategy.