Answer:
Date Particular DR CR
a. Patent $214,500
Cash 214,500
<em>Being total payment for the exclusive right </em>
<em>to produce X-core machine </em>
b. Brand name 260,000
Exercise Equipment 403,000
cash 663,000
<em>Being the payment for the brand name of Silver Gym </em>
<em>and exercise equipment </em>
<em>c. </em>Copyright 22,000
Cash 22,000
<em>Being the payment for the exclusive right to sell Healthy book</em>
Explanation:
there is no journal enrty for the amount to be paid to Silver Gym on a monthly basis when the sales begin because the money has not been paid.
Answer:
<em>An electronic record</em>
Explanation:
An electronic record is data <em>that is or is being generated by a desktop. It is obtained when an agency or individual activity is initiated, conducted or completed.</em>
Instances of digital records include: email messages, handwritten documentation, electronic spreadsheets, digital photos, and databases.
Answer:
Best estimate for inventory =$70,764.85
Explanation:
The closing inventory value at retail
= (Opening inventory + Purchases - sales) all in retail prices
= $123,000 + $483,000 - 493,000.
= 113000
Closing inventory value at cost
=113,000 × (64,500 + 315,000)/(123,000 + $483,000)
=70,764.85
Best estimate for inventory =$70,764.85
<span>"C. Strategies facilitate objectives" This is true because there's a series of objectives that must be completed within any strategy, and the other options can be true however not for every strategy.</span>
