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Ymorist [56]
3 years ago
13

On January 2, 2019, Adelphi Company purchased a patent for $175,000 plus $5,000 in legal fees. On that date, the patent had a re

maining legal life of 13 years. Adelphi Company expects to use the patent for 8 years after which time it will be worthless. How much is the annual amortization expense for 2019? Round to nearest whole dollar.
Business
1 answer:
Vikentia [17]3 years ago
7 0

Answer:

$22,500

Explanation:

Data given in the question

Purchase value of the patent = $175,000

Legal fees = $5,000

The Remaining life of the patent = 13 years

Expected using life of the patent = 8 years

So by considering the above information, the annual amortization expense for 2019 is

= (Purchase value of the patent + Legal fees incurred) ÷ (Expected using life of the patent)

= ($175,000 + $5,000) ÷ (8 years)

= $22,500

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Economists argue that:_______.
lawyer [7]

Answer:

d. ​every decision has an opportunity cost.

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

Accounting cost only includes explicit cost.

Economic cost includes both implicit and explicit Cost.

economic decisions dont include sunk costs. 

I hope my answer helps you

4 0
3 years ago
What is the spirit behind the Federal Sentencing Guidelines for Organizations?
nikitadnepr [17]

Answer:

The spirit behind Federal Sentencing Guidelines for organizations is that:  Legal violations can be prevented through organizational values and a commitment to ethical conduct.

Explanation:

In 1991, under Sentencing Reform Act, there was an extension. According to this, Sentencing Commission  of the United States submitted 'Federal Sentencing Guidelines for Organizations' (FSGO) to the Congress. These are a set of standards that govern what would be the sentences federal judges could impose on the organizations in case there are any federal crimes committed.

The main purpose of these guidelines is that it streamlines sentencing and punishment in case there are organizational crimes. It holds companies and employees responsible for any misconduct in the organization. So, the spirit of these guidelines is that it would prevent any legal violations in the organization and prevent any violation to ethical conduct.

5 0
3 years ago
Cassandra is a 21-year-old who is still in college. She wants a credit card so she can order items online.
ycow [4]
The most logical answer to me would be A, however I recommend you don’t go with my answer JUST YET because this is an educational guess. Take time to think about my answer. Sorry if it’s wrong
4 0
3 years ago
Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see t
juin [17]

Answer: BRIDGE LOAN

Explanation: As the name says the bridge loan are the type of loans that bridge the difference between the new home of the buyer and the new mortgage in case the buyers existing home hasn't been sold yet. It is a type of short term loan, the usual time period for such kinds of loan is 2 weeks to 3 years.

In this case Karen and Jay have purchased the new house but sale of their old house is still pending thus from the above explanation we can conclude that bridge loan would be appropriate for them.

6 0
3 years ago
How does consumer response to advertising vary on different days of the week and at different times of the day
Romashka-Z-Leto [24]

Answer:

The theme is very complex, however a short explanation of that type of distribution is given below with and example.

Explanation:

To begin with, that distribution of variables will totally depend on the type of product that is being under study. Having that in mind, the distribution to the advertising will be more or less strong on the consumer's attention depending on the day. Therefore that, for example, if the case is about an alcoholic drink or something related to the weekends like clothes for going out or something like that, then the advertising will cause more impact in the consumer on fridays and saturdays and that will be like that because the consumer will now be exposed to the possible situation of going out that exact night so he or she might want to consumer an alcoholic drink.

It will be the same with the hours of every day, if the advertising is shown late at night but before party time, then the consumers will be exposed to that commercial and will the necessity of buying, psychologically speaking.

3 0
2 years ago
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