Answer:
Dr amortization expense $14,500
Cr Copyright asset $14,500
Dr amortization expense $6,250
Cr Patent asset $6,250
Explanation:
First of all,a goodwill with an indefinite life is not depreciable,hence no adjusting journal entries would be prepared in respect of the goodwill.
However,the copyright would be amortized using the lower of useful life of 6 years and legal life of 30 years,the amortization expense for the year is shown below:
amortization charge=$87,000/6 years=$14,500
The patent is to amortized in the way as the as the copyright the lower of useful life and legal life.
amortization charge=$30,000/4 years*10/12=$6250
The patent was only used for 10 months in the year
Answer:
The answer is Option B.
$48000
Explanation:
Guaranteed payment $30,000.00
Balance distribution [($210000-$90000)*40%] $48,000.00
Stephanie's adjusted gross income $78,000.00
Less : Guaranteed Payment every year $30,000.00
Increase in Stephanie's adjusted gross income $48,000.00
Answer:
E. None, i.e., all of the above are true.
Explanation:
A. Services tend to have higher customer interaction than goods.
B. Most goods are common to many customers; services are often unique to the final customer. C. Services tend to have a more inconsistent product definition than goods.
D. Tangible goods are generally produced and consumed simultaneously; services are not.
E. None, i.e., all of the above are true.
All of the above are true
<h3>Hello there!</h3>
Your question asks when does a student need to file the FAFSA.
<h3>Answer: Every year of college attendance </h3>
The reason why "every year of college attendance" would be the correct answer is because the FAFSA is required to be filled out yearly by the students.
The FAFSA stands for Free Application for Federal Student Aid, meaning that this aid will give students the chance to receive financial aid. The reason why they ask for students to file every year because there could be one year where a student doesn't need the financial aid, and there are other years where the student needs the financial aid badly, and this is just to ensure that they're giving money to the right people. This is because financial aid could change for every year. They also have people file the FAFSA yearly to see if they have any other family members that got into college.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3><h3 />
Answer:
c. 600
Explanation:
One pack of diapers requires two pounds of raw material and one hour of direct labor for manufacture. Since Raw material costs $3 per pound and direct production labor is paid $4 per hour.
Therefore the cost of producing one pack of diaper = 2 pounds($3 per pound) + 1 hr($4 per hour) = $6 + $4 = $10
Since Fixed supervisory costs are $2,000 per month and EB rents its factory for $4,000 per month, the total expense for x diapers per month is given as:
Expense = $2000 + $4000 + $10x = $10x + $6000
The revenue generated by selling x diapers per month since one pack is sold at $20 is given as:
Revenue = $20x
At break even, Revenue = Expense
Therefore: $10x + $6000 = $20x
20x - 10x = 6000
10x = 6000
x = 6000/10 = 600
EB would need to sell 600 diapers to break even
