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Pachacha [2.7K]
3 years ago
6

Johnson Industries acquired a patent on January 2nd, 2015, for $18,000. The patent was estimated to have a useful life of five y

ears. On July 1st, 2017, the company incurred legal fees of $7,500 to successfully defend the patent in an infringement suit. How much amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017
Business
1 answer:
Burka [1]3 years ago
8 0

Answer:

The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.

Explanation:

Amortisation Expenses for 2017

So Amortisation on Original Cost: ($18000/5)    =   $ 3600

Amorisation on legal expenses                            =   $ 1500

(7500 x 6months/ Remaining life(i.e. 30 months)  

          Total Amortisation Expenses for 2017        = $ 5100

Therefore, The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.

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The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $310 million. It has liabilities of $3
defon

Answer: 8.79%

Explanation:

The premium or discount as a percent of NAV will be calculated thus:

NAV will be calculated as:

= (Market value of portfolio - liabilities ) / shares outstanding

= ($310 million - $3million) ÷ 10 million

= $30.7 per share.

Then, the calculation for the discount percent will be:

= (selling price - NAV) / NAV

= ($28 - $30.7) / $30.7

= ($-2.7) / $30.7

= (0.0879)

= 8.79%

Therefore, NAV is trading at discount of 8.79%

8 0
3 years ago
At a business meeting, mr. smith is asked his opinion about a company proposal to give bonuses to workers who go above and beyon
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At a business meeting, mr. smith is asked his opinion about a company proposal to give bonuses to workers who go above and beyond. mr. smith will be using what form of delivery?
8 0
3 years ago
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Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some
Olin [163]

The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

<h3>What is a low-balling technique?</h3>

This is a tactics used when the persuader gets a person to commit to a low offer that they have no intention of keeping and then, the price is suddenly increased.

Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

Read more about low-balling technique

<em>brainly.com/question/14565653</em>

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6 0
2 years ago
Robin Brothers works for a winery that sells to restaurants through distributors. She knows the types of wine her company sells
qaws [65]

Answer:

A missioniairy salesperson

Explanation:

Missionary selling is a form of personal sales in which the salesperson provides information to an individual who will influence the purchase decision. This is an indirect sales technique; the goal is not to close a sale, but merely to get information into the hands of a key decision-maker. Robin is providing information to restaurants in order to "Help Them" to buy her company's wine.

3 0
4 years ago
For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,750. a. How much loss can Sherri deduct in 2021?
lakkis [162]

Based on the information given the amount of loss that  Sherri deduct in 2021 is $3,000.

<h3>Short-term loss and long-term loss</h3>

Since he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).

Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.

Inconclusion the amount of loss that  Sherri deduct in 2021 is $3,000.

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7 0
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