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Anika [276]
3 years ago
11

Martha Beyerlein Company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on Ja

nuary 2nd, 2017. On July 31st, 2017, Beyerlein paid $35,000 for legal fees in a successful defense of the patent. The total amount debited to Patents through July 31st, 2017, should be
Business
1 answer:
Wittaler [7]3 years ago
8 0

Answer:

The total amount that will be debited to the patents account on July 31, 2017 will be $35,000.

Explanation:

The amount of $150,000 will not be included in the patents account because this patent was developed by the Martha beyerlein company not purchased from any other firm , so the cost incurred here will be debited to the research and development account. And only the $35,000 that was paid for legal fees will be debited to the patents account.

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How much would $100, growing at 5% per year, be worth after 75 years? a. $4,077.43 b. $4,281.30 c. $3,883.27 d. $3,689.11 e. $4,
Zielflug [23.3K]

Answer:

The answer is c. $3,883.27

Explanation:

For the problem, we will be using the formula for calculating the Future Value of money, which is:

F= P(1+r)^{n}

Where:

F - future value

P - Principal amount = ($100)

r - rate of growth in percent = (5% or 0.05)

n - number of years = (75)

We calculate thus:

F = 100(1 + 0.05)^{75}

F = 100(1.05)^{75}

F = 100  X  38.8327

F = 3,883.27

therefore the amount after 75 years will be $3,883.27

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Shown below are selected data from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the
hram777 [196]

Answer:

c. 21%.

Explanation:

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equity   540,000,000

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