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tresset_1 [31]
4 years ago
6

Contessa company collected $42,000 cash on its accounts receivable. the effects of this transaction as reflected in the accounti

ng equation are:
Business
1 answer:
sashaice [31]4 years ago
6 0
Having the Contessa company have collected $42,000 in cash on its account receivable, the assets, liabilities, and equity will remain unchanged. In relation to this, unpaid invoices, and waiting for customers to pay their bills are also considered as accounts receivable.
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Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the $26.10 million cost
AlladinOne [14]

Answer:

Original Cost = $26.10

Annual Amortization (Old) = $26.10 / 9 years

Annual Amortization (Old) = $2.9 million

Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million

Unamortized Value = $26.10 million - $11.6 million

Unamortized Value = $14.5 million

Remaining Life = 6 - 4

Remaining Life = 2 Years

New Amortization = Unamortized Value/Remaining Life

New Amortization =  $14.5/2

New Amortization = $7.25 million

                    Journal Entry

Amortization Expense Debit - $7.25 million

      Patent Credit -  $7.25 million

5 0
3 years ago
What value of a measurement must be available if the accuracy of a measurement is to be determined?
Agata [3.3K]
The answer is the correct value
<span>To evaluate the accuracy of a measurement, the measured value must be compared to the correct value and  you must compare the values of two or more repeated measurements
By doing this, you will have a set of standard to follow to make sure that the result of your research still placed within the scope of standards that accepted by experts in your field, which reduce the likelihood of your result to be considered as invalid.</span>
6 0
3 years ago
An economics student makes the following​ statement: ​"It's easy to understand why the aggregate demand curve is downward​ slopi
Luda [366]

Answer:

The aggregate demand curve is downward sloping because when the general level of price rise; the real wealth of consumers will decline (with a certain amount of money you end up buying less goods), the interest rates will increase (as inflation increases, interest rates also increase), and the price of exported goods increases (as the general price of goods increase, the production of goods will also become more expensive).

3 0
3 years ago
Which mastery color indicates Apprentice level?<br> Yellow<br> Gray<br> Red<br> Green
masha68 [24]

Answer:

Which mastery color indicates Apprentice level?

Yellow

Gray

Red

Green

Answer: Green

Explanation:

An apprentice level is an arrangement of preparing another age of experts of an exchange or calling with hands on preparing and frequently some going with (study hall work and perusing). Apprenticeships can likewise empower experts to increase a permit to rehearse in a directed calling. A large portion of their preparation is done while working for a business who enables the apprentices to get familiar with their exchange or calling, in return for their proceeded with work for a concurred period after they have accomplished quantifiable abilities. Apprenticeship lengths fluctuate altogether across parts, callings, jobs and societies. Individuals who effectively complete an apprenticeship at times can come to the "understudy" or expert accreditation level of fitness.

6 0
3 years ago
The production possibilities curve illustrates the basic principle that
krok68 [10]

Answer:

If all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced

Explanation:

The concept of production possibility curve shows the different commodities that can be produced in a given economy, given the prevailing level of technology, if all available resources are efficiently utilized.  The idea behind production possibility curve is that in other for in order to produce a particular commodity, the production of another commodity has to be scarified provided that i.e if all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced  

6 0
3 years ago
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