What is MOST likely TRUE about intellectual property?

Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following

Zinaida [17]

Answer:

Jones Architects

T-accounts:

Cash

Account Titles Debit Credit

Common Stock, $30,000

Automobile $4,500

Rent expense $3,000

Supplies $1,440

Prepaid Insurance $2,000

Service Revenue $7,500

Accounts Payable $1,740

Miscellaneous expenses, $375

Salary Expense $1,600

Miscellaneous expenses, $810

Note payable, $240

Automobile expense $390

Common Stock

Account Titles Debit Credit

Cash $30,000

Note payable

Account Titles Debit Credit

Automobile $15,500

Cash $240

Automobile

Account Titles Debit Credit

Cash $4,500

Note payable $15,500

Rent expense

Account Titles Debit Credit

Cash $3,000

Supplies

Account Titles Debit Credit

Cash $1,440

Office and computer equipment

Account Titles Debit Credit

Accounts Payable $6,000

Accounts Payable

Account Titles Debit Credit

Office and computer equipment $6,000

Cash $1,740

Blueprint expense $1,000

Prepaid Insurance

Account Titles Debit Credit

Cash $2,000

Service Revenue

Account Titles Debit Credit

Cash $7,500

Accounts receivable $5,200

Miscellaneous expenses

Account Titles Debit Credit

Cash $375

Cash $810

Blueprint expense

Account Titles Debit Credit

Accounts payable $1,000

Accounts Receivable

Account Titles Debit Credit

Service Revenue $5,200

Salary Expense

Account Titles Debit Credit

Cash $1,600

Automobile expense

Account Titles Debit Credit

Cash $390

Explanation:

a) Data and Analysis:

Cash $30,000 Common Stock, $30,000

Automobile $20,000 Cash $4,500 Note payable $15,500

Rent expense $3,000 Cash $3,000

Supplies $1,440 Cash $1,440

Office and computer equipment $6,000 Accounts Payable $6,000

Prepaid Insurance $2,000 Cash $2,000

Cash $7,500 Service Revenue $7,500

Accounts Payable $1,740 Cash $1,740

Miscellaneous expenses, $375 Cash $375

Blueprint expense $1,000 Accounts payable $1,000

Accounts receivable $5,200 Service Revenue $5,200

Salary Expense $1,600 Cash $1,600

Miscellaneous expenses, $810 Cash $810

Note payable, $240 Cash $240

Automobile expense $390 Cash $390

5 0

3 years ago

Central Park Inc. is a company that sells women's clothing. It recently shut down its physical store and is operating as an app-

love history [14]

Answer:

M-commerce

Explanation:

Since in the given situation it is mentioned that Central Park Inc sells the women clothing and currently they shut down the physical store and they are operated now through app based. With this feature, anyone could access anywhere via using the mobile phones also at the same time the customer compared the prices

So this situation represent the mobile commerce or M -commerce as the people can access this from anywhere at any time, it is easy to use also it save the cost and time

7 0

3 years ago

McConnel corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a par value of 1000 and current

White raven [17]

Answer:

Coupon rate = 0.08402 or 8.402%

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = x

Total periods (n)= 16.5 * 2 = 33

r or YTM = 7.7% * 1/2 = 3.85% or 0.0385

The formula to calculate the price of the bonds today is attached.

Using the bond price formula and the available values, we calculate the coupon rate to be,

1065 = x * [( 1 - (1+0.0385)^-33) / 0.0385] + 1000 / (1+0.0385)^33

1065 = x * (18.50739407) + 287.4653284

1065 - 287.4653284 = x * 18.50739407

777.5346716 / 18.50739407 = x

x = 42.012 rounded off to $42.01

If the semi annual coupon payment is $42.01, the annual coupon payment will be 42.01 * 2 = $84.02

The coupon rate on bonds is = 84.02 / 1000

Coupon rate = 0.08402 or 8.402%

7 0

3 years ago

Piper Corporation makes aircrafts. It produces several different planes for three categories of customer: Professional, Personal

Mashcka [7]

Answer: (D) Multi-segment targeting

Explanation:

The multi-segment targeting is one of the type of marketing targeting strategy in which an organization is basically decided for providing an effective benefits and offers to each segments in the multi-segment.

The main objective of the multi-segment targeting is that it helps in increase the overall productivity by maximize the sales.

The multi-segment targeting is also known as the differentiated marketing in which the company gains some profit from the consumers.

According to given question, the piper corporation chose the three main specific type of market for targeting the different types of characteristics in an organization.

Therefore, Option (D) is correct answer.

5 0

3 years ago

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year

andrey2020 [161]

Answer:

The general journal adjusting entry needed for December 31, 20X1:

Debit Interest expense $2,600

Credit Interest Payable $2,600

Explanation:

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2.

The amount of interest expense for 1 year = $26,000 x 10% = $2,600

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The company should record interest expense for the year 20X1 by the general journal adjusting entry:

Debit Interest expense $2,600

Credit Interest Payable $2,600

7 0

3 years ago