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sleet_krkn [62]
3 years ago
11

Skysong Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $432,000 and a re

maining useful life of 8 years. During 2020, Skysong incurred research and development costs of $93,000 and brought a patent infringement suit against a competitor. On December 1, 2020, Skysong received the good news that its patent was valid and that its competitor could not use the process Skysong had patented. The company incurred $110,500 to defend this patent. At what amount should patent(s) be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents?
Business
1 answer:
skelet666 [1.2K]3 years ago
3 0

Answer:

487200

Explanation:

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The following are data concerning cash received or paid from various transactions for Orange Peels corporation:
Vaselesa [24]

Answer:

$150,000

Explanation:

Investing activities are those activities which are related to investment column, that is any kind of purchase or sale of fixed asset, securities which are not categorized as short term.

Provided information,

Sale of land = $100,000 Cash inflow

Sale of equipment = $50,000 Cash inflow

Issuance of common stock = $70,000 Not considered as cash outflow of financing activity.

Payment of dividends = $60,000 Not considered as part of financing activity.

Thus net cash inflow of investing activities = $100,000 + $50,000 = $150,000

8 0
3 years ago
What is protectionism and why would a country base trade policy on it? Explain at least two reasons.
Anton [14]
Protectionism is a government or economic policy that does not allow foreign or international trade through methods and variety of government regulations outlined to promote fair competition with the goods and services made domestically. Business and workers were protected within a country through regulating or obstructing trade with different countries.

<span>A country should base trade policy for two reasons. 1.) It protects local businesses and jobs.  2.) It promotes fair competition on the local goods and services.</span>


3 0
3 years ago
The owner of a produce store found that when the price of a head of lettuce was raised from 50 cents to $1, the quantity sold pe
yaroslaw [1]

Answer:

-1.15

Explanation:

the arc elasticity of demand is calculated by dividing % change in quantity demanded by % change in price:

midpoint Q = (8 + 18) / 2 = 13

midpoint P = (0.50 + 1) / 2 = 0.75

% change in quantity demanded = (Q2 – Q1) / midpoint Q = (8 – 18) / 13 = -0.77

% change in price = (P2 – P1) / midpoint P = (1 – 0.5) / 0.75 = 0.67

PED = -0.77 / 0.67 = -1.15

8 0
3 years ago
Given the following information, calculate the total amount of annual operating expenses for this income-producing property. Law
chubhunter [2.5K]

Answer:

B. $126,000 Expenses, but not debt service

Explanation:

The computation of the total amount of the operating expenses is shown below:

= Lawn care + property taxes + maintenance + Janitorial + Security Patrol

= $10,000 + $24,000 + $35,000 + $25,000 + $32,000

= $126,000

Basically we added the items that are to be included in the total amount of annual operating expenses

3 0
3 years ago
While reviewing a Web site that seems to have lots of great information about the topic you are researching, you decide to check
lisabon 2012 [21]
It is A, although all of these are characteristics of a good web site, the prompt is talking about the author being trusted or reputable. 
8 0
3 years ago
Read 2 more answers
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