P10-4 The Horstmeyer Corporation commenced operations early in 2021. A number of expenditures were made during 2021 that were de
bited to one account called intangible asset. A recap of the $144,000 balance in this account at the end of 2021 is as follows: Date Transaction Amount February 3 State incorporation fees and legal costs related to organizing the corporation $ 7,000 March 1 Fire insurance premium for three-year period 6,000 March 15 Purchased a copyright 20,000 April 30 Research and development costs 40,000 June 15 Legal fees for filing a patent on a new product resulting from an R&D project 3,000 September 30 Legal fee for successful defense of patent developed above 12,000 October 13 Entered into a 10-year franchise agreement with franchisor 40,000 Various Advertising costs 16,000 Total $144,000 Required: Prepare the necessary journal entry to clear the intangible asset account and to set up account
<span>Planning teams are most effective when (C) the group finds common ground on which to build consensus for action. In a team there are different people with different points of view. To bring these people together in an attempt to find what they all like or have in common will help to focus the group's purpose on their goal for planning.</span>
The answer is decreases<span> lead time variability. Safety stock refers to the amount of stocks that set aside by the company in order to prepare for stockouts. If the company decrease lead time variability, it will give more time for company to prepare between orders and delivery, which will reduce the probability of safety stock usage.</span>
B. No. In normal times banks will not choose to pay more than the face value of a discount bond, since that implies negative yields to maturity.
Explanation:
There is no bank that would like to pay more for treasury bills or bonds. Banks are profit-maximizing organizations and as a result are always investing in profitable ventures and transactions and not in loss-making transactions as in this example. Banks would have preferred to buy the instruments for $5,900 or less so that they could earn some interest when the instrument is repaid with the face value of $6,000.