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vichka [17]
3 years ago
9

If you find that the staff who work in your college's career center give you poor advise or otherwise did not provide sufficient

help in finding you employment after graduation, you may be dissatisfied with your entire college experience. This is an example of which issue associated with services?
1.incongruity

2.inseparability

3.inflexibility

4.intangibility

5.impressionability
Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

The correct answer is 2) Inseparability.

Explanation:

There is the talk of inseparability when a product is sold to a customer for use, and the customer generates the relationship between the sales and consumption processes to qualify the service or product as good or bad. Since for the customer the way they treat it while buying the product or making use of it, it is relevant to take into account the quality of the product.

For example, in the case mentioned above, the person considers that by not providing efficiently the help he needed to get a job, he relates that if this service is terrible in the same way his university experience was since there is an inseparability as for these services.

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<em>I hope this information can help you.</em>

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On January 1, 2021, Weaver Corporation purchased a patent for $210,000. The remaining legal life is 20 years, but the company es
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Answer:

Requirement 1. Journal for purchasing Patent:

Jan 01, 2021    Patent Rights (Debit)                    210,000

                                  Cash/Bank (Credit)                            210,000

Requirement 2. Journal for amortization expense for the year ended 31 Dec, 2021:

Dec 31, 2021    Amortization expense - Patent    35,000

                                   Accumulated amortization                 35,000

Requirement 3. Journal for amortization expense for the year ended 31 Dec, 2022:

Dec 31, 2022    Amortization expense - Patent    35,000

                                   Accumulated amortization                 35,000

Requirement 4. Journal for incurring legal fees

Jan 31, 2023     Legal fees                                      30,000

                                    Cash/Bank                                          30,000

Requirement 5. Journal for amortization expense for the year ended 31 Dec, 2023:

Dec 31, 2023    Amortization expense - Patent    35,000

                                   Accumulated amortization                 35,000

Explanation:

Requirement 1.

Since Weaver corporation purchases a patent, it costs the company cash or bank balance. As the patent is a non-current intangible asset, it is a debit. On the other hand, as cash decreases due to the purchase of patent, the cash is a credit. In this journal, an asset (Non-current asset) increases, and another asset (Current asset) decreases. There will be no effect on the total asset.

Requirement 2, 3 and 5. All the calculations will be the same as it is a straight-line method of amortization. Straight-line depreciation (amortization) is a method of expense on an asset over a long period. The expense is the same over the period as the expense is calculated as the total cost divided by the useful number of years. Again, as the patent is an intangible asset; therefore, the asset has to be amortized instead of depreciated.

The amortization expense of patent is = $210,000/6 = $35,000

Since, the company estimates the patent's useful life will be 6 years. Therefore, the amortization expense will be $35,000 for each year.

Requirement 4: Since legal fees is an expense, the company pays for this due to the occurrence of legal issues. The expense decreases the cash; therefore, it is a credit. On the contrary, the legal fees are a debit as it decreases net income. The legal fees, however, does not affect the amortization expense as it is not adding to the cost of the patent.

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