Answer: $400,000
Explanation:
When calculating the amortization of a patent, we either use the legal life or the useful life depending on which is shorter which in this case is the useful life.
Annual Amortization;
= (Cost - Salvage value) / 5 years
= (8,000,000 - 0) / 5
= $1,600,000
Patent was purchased October 1. October to December is 3 months.
Depreciation for the year is therefore;
= 1,600,000 * 3/12
= $400,000
Answer:
The North American Free Trade Agreements
Explanation:
The reason is that the free trade agreements eliminates the price escalation which is imposed by the other countries on importing these goods. So as a result the market becomes less attractive to the company because its product are not able to compete in that environment. The FTA helps organizations to use the resources of other countries with which the country has free trade agreements to lower its costs to compete competitors. The vital resource in Mexico is cheap labor cost and America has one of the best technologies in the world.
Answer:
The correct answer is A
Explanation:
Interest expense is the expense, which is defined as the non- operating expense and it is represented on the income statement. It states the interest payable on the borrowings like lines of credit, loans, convertible debts or bonds.
The interest expense is computed as the interest rates multiply the outstanding principle amount of debt.
So, the interest expense is defined as the interest rate which is effective times the amount of debt outstanding during the interest period or starting of period.
Competition between producers is essential to capitalism.
Answer:
The answer is "Option b".
Explanation:
A lump-sum payment is always a big amount, payable in one transaction rather than in installments. They usually relate to pensions as well as other pension systems, such as 401 K accounts, for which seniors accept a smaller payment in front instead of a greater amount given throughout time.
The ordinary rent is also an equitable payment season made for a specified duration after time steps. Payment is usually made monthly, quarterly, semi-annéely, or yearly, even if in ordinary annuities as frequent just like every week.
In his perspective, Richard invests financial organization or anything in his investment consultant. Their consultant promised him a fresh AAA-rated bond offering. Richard opted to purchase from this offering a total of 100 bonds. Every six months the issuing corporation pays for a coupon of $1000. The original cost and future receipt of accrued interest might be called lump sum and ordinary annuities.
