Answer:
The Journal entries are as follows:
(i) On December 31,
No entry
(ii) On December 31,
Amortization expense A/c Dr. $16,000
To Patents A/c $16,000
(To record the amortization expenses)
Workings:
Amortization expense:
= (Purchasing cost of patent ÷ Estimated useful life) × Time period
= ($144,000 ÷ 6) × (8/12)
= $24,000 × (8/12)
= $16,000
Answer:
<u>The target cost per iron= $83.25</u>
Explanation:
Profit Required = Required Investment * required rate of return
= $ 3,500,000*15%
= $ 525,000
Sales= 300000*85=$25,500,000.00
Less: profit required=$525,000.00
Cost= Sales- Profit
Cost=24,975,000.00
Per Unit Target Cost = Total Cost / Total Units
= $ 24,975,000/ 300,000
= $ 83.25
The filing of a document by a co-worker allows one to copy the document in case of an emergency, so both the person and the supervisor will be able to access it.
<h3>What is a document?</h3>
A piece of paper containing a material information, whether legally registered or not, is known as a document. However, as the times have evolved, a document can also be in an electronic form, other than paper.
Hence, option A holds true regarding the document of the co-worker.
Learn more about a document here:
brainly.com/question/27396650
#SPJ1
Answer: & Explanation:
Production Budget q2
- Q2
sales 67,000
ending policy 4,050 (5% of Q3)
Beginning 3,350 (5% of current quarter)
Production 67,700 (sales + ending - beginning)
Raw materials Budget q2
Production Needs 338,500 (Units x 5)
ending policy 81,850 (20% of production q3)
Beginning 67,700 (20% of q2 production needs)
Purchase 352,650 (needs + desired ending - beginning)