Answer:
Date Particular DR CR
a. Patent $214,500
Cash 214,500
<em>Being total payment for the exclusive right </em>
<em>to produce X-core machine </em>
b. Brand name 260,000
Exercise Equipment 403,000
cash 663,000
<em>Being the payment for the brand name of Silver Gym </em>
<em>and exercise equipment </em>
<em>c. </em>Copyright 22,000
Cash 22,000
<em>Being the payment for the exclusive right to sell Healthy book</em>
Explanation:
there is no journal enrty for the amount to be paid to Silver Gym on a monthly basis when the sales begin because the money has not been paid.
Answer:
A) The price of a donut is $2.00 in 2012.B) Rina's wage is $14.00 per hour in 2012
Explanation:
Nominal value means face value or stated value.
Real value means nominal value adjusted for inflation. Real value of money can refer to the purchasing power of money. Rina's wage is 2 paperback novels per hour in 2012 is an example of real value.
I hope my answer helps you
C business mileage during the year to claim the standard mileage rate for the business
Answer:
The correct answer is:
(1) $15,054
(2) $12,990
Explanation:
The required table is not given in the question. Please find below the attachment of the table.
Given:
Future value,
= $30,000
If discounting rate is 9%, the present value will be:
= 
= 
= 
= 
($)
If discounting rate is 11%, the present value will be:
= 
= 
= 
= 
($)
