How can the intellectual property be protected?

In year 1, Kris purchased a new home for $200,000 by making a down payment of $150,000 and financing the remaining $50,000 with

blondinia [14]

Answer: D. $7,500

Explanation:

Before the $150,000 mortgage at 5%, the existing $40,000 balance of the loan was paid off. Therefore, only the mortgage was payable. At 5% x %150,000 = $7500 interest.

Therefore, the amount $7500 interest expense Kris will deduct as home related interest expense would be $7,500.

4 0

3 years ago

Assume oil prices rise in the United States, generating concerns that inflation may increase. If the Fed wishes to ensure that i

miskamm [114]

If the Fed wishes to ensure that inflation does not get out of hand, the Fed could lower the target money supply growth rate.

Inflation is when the general price levels in an economy increases persistently overtime. The policy tools that the Fed can use to control general price levels in the economy is known as monetary policy.

There are two types of monetary policy :

Expansionary monetary policy : these are steps taken by the Fed to increase the supply of money in the economy. These steps include reducing the target Funds rate, decreasing the reserve requirements and carrying out open market purchase.
Contractionary monetary policy : these are steps taken to reduce the money supply in the economy. These steps include reducing the target money supply growth rate and carrying out an open market sales.

To learn more about monetary policy, please check: brainly.com/question/15566475?referrer=searchResults

7 0

2 years ago

Business applications have moved from transaction processing and monitoring to other activities. Which of the following is NOT o

laila [671]

Answer:

data monitoring

Explanation:

Data monitoring refers to the business practice where key business data are constantly monitored against quality assurance rules to ensure that it's always of good quality and complies with previously defined design and accuracy requirements.

Monitoring the data helps a company to constructively maintain high, accurate data quality standard. Through periodically reviewing the data as it is processed inside programs, enterprises may eliminate commodity-intensive information pre-processing before transferring. Software quality is tested with software management at the moment of creation, rather than during a step.

8 0

3 years ago

One of the best ways to avoid disasters at a catering event is to

evablogger [386]

Option A.

The best way to avoid disasters at a catering event is to prepare backup food.

Always we should have a backup option so that in case, any mishappening or disaster hapens, the guest can be served something and they won't have a bad experience m

8 0

3 years ago

Read 2 more answers

The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of 2019:

Rainbow [258]

Answer:

Fairport Manufacturing Company

T-accounts

Cash

Account Titles Debit Credit

Beginning balance $ 20,000

Accounts payable $10,500

Wages payable 18,000

Selling and distribution expense 1,800

Utilities and Rent for production 9,300

Sales Revenue 36,000

Ending balance $16,400

Raw materials inventory

Account Titles Debit Credit

Beginning balance $ 1,800

Accounts Payable 11,400

Work-in-Process $10,800

Ending balance $2,400

Work in process inventory

Account Titles Debit Credit

Beginning balance $ 2,400

Raw materials 10,800

Wages Payable 19,950

Overhead Applied 11,970

Finished Goods Inventory $24,000

Ending balance $21,120

Finished goods inventory

Account Titles Debit Credit

Beginning balance $ 4,200

Work-in-Process 24,000

Cost of goods sold $25,500

Ending balance $2,700

Property, plant, and equipment

Account Titles Debit Credit

Beginning balance $ 15,000

Accumulated depreciation

Account Titles Debit Credit

Beginning balance $ 6,000

Depreciation expense 3,000

Ending Balance $9,000

Accounts Payable

Account Titles Debit Credit

Raw materials $12,000

Cash $10,500

Ending balance $1,500

Wages Payable

Account Titles Debit Credit

Work-in-Process $19,950

Cash $18,000

Ending balance $1,950

Common stock

Account Titles Debit Credit

Beginning balance $ 16,800

Retained earnings

Account Titles Debit Credit

Beginning balance $ 20,600

Production Supplies

Account Titles Debit Credit

Accounts Payable $600

Overhead $422

Ending balance $178

Overhead Expenses

Account Titles Debit Credit

Work-in-Process $11,970

Cash (Utilities) 9,300

Depreciation expense 3,000

Production supplies 422

Cost of goods sold (Underapplied) 752

Sales Revenue

Account Titles Debit Credit

Cash $36,000

Income Summary $36,000

Cost of Goods Sold

Account Titles Debit Credit

Finished Goods Inventory $25,500

Overhead (underapplied) 752

Income Summary $26,252

Selling and Distribution Expense

Account Titles Debit Credit

Cash $1,800

Utilities and Rent

Account Titles Debit Credit

Cash $9,300

Overhead $9,300

Depreciation Expense - Plant & Equipment

Account Titles Debit Credit

Accumulated Depreciation $3,000

Overhead $3,000

b) Schedule of Cost of Goods Manufactured and Sold:

WIP Beginning Inventory $ 2,400

Raw materials 10,800

Direct labor 19,950

Overhead Applied 11,970

Cost of goods in production $45,120

Ending WIP Inventory 21,120

Cost of manufactured $24,000

Finished Goods Inventory $ 4,200

Cost of manufactured 24,000

Cost of goods available $28,200

Ending FG Inventory 2,700

Cost of goods sold $25,500

Income Statement for the year ended December 31, 2019:

Sales Revenue $36,000

Cost of Goods Sold 26,252

Gross profit 9,748

Selling and distribution exp. 1,800

Net income $7,948

Retained Earnings, January 1, 2019 $20,600

Net income 7,948

Retained Earnings, December 31, $28,548

Balance Sheet as of December 31, 2019:

Assets:

Cash $ 16,400

Raw materials inventory 2,400

Work in process inventory 21,120

Finished goods inventory 2,700

Production Supplies 178 $42,798

Property, plant, and equipment 15,000

Accumulated depreciation 9,000 $6,000

Total assets $48,798

Liabilities and Equity:

Accounts Payable $1,500

Wages Payable 1,950

Total liabilities $3,450

Common stock $16,800

Retained earnings 28,548 $45,348

Total liabilities and equity $48,798

Explanation:

a) Data and Calculations:

Trial Balance at January 1, 2019:

Account Titles Debit Credit

Cash $ 20,000

Raw materials inventory 1,800

Work in process inventory 2,400

Finished goods inventory 4,200

Property, plant, and equipment 15,000

Accumulated depreciation $ 6,000

Common stock 16,800

Retained earnings 20,600

Total $ 43,400 $ 43,400

Analysis of Transactions for the period:

1. Raw materials $11,400 Production Supplies $600 Accounts payable $12,000

2. Work-in-Process $10,800 Raw materials $10,800

3. Accounts payable $10,500 Cash $10,500

4. Work-in-Process $19,950 Wages Payable $19,950

5. Wages Payable $18,000 Cash $18,000

6. Work-in-Process $11,970 Overhead Applied $11,970 ($12,600 * 950/1,000)

7. Selling and Administrative expense $1,800 Cash $1,800

8. Utilities and Rent for production $9,300 Cash $9,300

9. Depreciation Expense-Plant and Equipment $3,000 Accumulated Depreciation $3,000

10. Finished Goods Inventory $24,000 Work-in-Process $24,000

11. Cost of Goods Sold $25,500 Finished Goods Inventory $25,500

12. Cash $36,000 Sales Revenue $36,000

13. Overhead $422 Production Supplies $422 ($600 - $178)

14. Cost of Goods Sold $752 Underapplied Overhead $752

Adjusted Trial Balance at December 31, 2019:

Account Titles Debit Credit

Cash $ 16,400

Raw materials inventory 2,400

Work in process inventory 21,120

Finished goods inventory 2,700

Property, plant, and equipment 15,000

Accumulated depreciation $ 9,000

Accounts Payable 1,500

Wages Payable 1,950

Common stock 16,800

Retained earnings 20,600

Production Supplies 178

Sales Revenue 36,000

Cost of Goods Sold 26,252

Selling and distribution exp. 1,800

Totals $85,850 $85,850

3 0

3 years ago