Answer: $744,000
Explanation:
The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:
First, we have to calculate the amortization recorded up to 2019. This will be:
= (1,240,000 / 10) x 2
= 248,000
The we calculate the amortization to be recognized in 2020. This will be:
= (1,240,000 – 248,000) / 4
= 248,000
The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:
= 1240000 - 248000 - 248000
= $744,000
Answer:
erm
Explanation:
The more supply, the less demand. The less supply, the more demand.
Explanation:
The Journal entry is shown below:-
On Jan 31
Allowance for doubtful accounts $2,800
To Accounts receivable - C. Green $2,800
(Being the uncollectible amount is recorded)
Mar 09
Accounts receivable - C. Green $2,300
To Allowance for doubtful accounts $2,300
(Being the written off amount is recorded
Mar 09
Cash $2,300
To Accounts receivable - C. Green $2,300
(Being the payment is received is recorded)
Answer:
A. Investors can hedge against a price decline by buying a call option.
Explanation: Investment risk can be defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment.
Buying a call option entitles the buyer of the option the right to purchase the underlying futures contract at the strike price any time before the contract expires. Most traders buy call options because they believe a commodity market is going to move higher and they want to profit from that move.
A call option is a contract the gives an investor the right, but not the obligation, to buy a certain amount of shares of a security at a specified price at a later time.
