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lora16 [44]
2 years ago
12

On January 2, Boulder Co. assigned its patent to Castle Co. for royalties of 10% of patent-related sales. The assignment is for

the remaining 4 years of the patent’s life. Castle guaranteed Boulder a minimum royalty of $100,000 over the life of the patent and paid Boulder $50,000 against future royalties during the year. Patent-related sales for the year were $300,000. In its income statement for the year, what amount should Boulder report as royalty revenue?
Business
1 answer:
Tema [17]2 years ago
6 0

Answer:

$30,000

Explanation:

The computation of the royalty revenue reported is shown below:

= Patent-related sales for the year ×  given percentage

= $300,000 × 10%

= $30,000

The revenue is recognized when it is earned or realized so only $30,000 is to be reported as the royalty revenue

The remaining amount i.e $20,000 would be treated as an unearned royalty revenue

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snow_lady [41]

If the congress declares that K and L sales’ equipment can no longer be exported, this means that the K and L will be dissolved immediately in which it won’t likely to run or function, not unless the company open another business or change their own business.

7 0
3 years ago
All of the following are permitted investments in individual retirement accounts except: _______
yaroslaw [1]

All of the following are permitted investments in individual retirement accounts except commodity futures.

<h3>What is commodity futures?</h3>

Contracts for the purchase or sale of commodities at a predetermined price and on a specific date in the future are known as commodity futures contracts. Along with financial instruments and currencies, commodities also include things like metals, oil, grains, and animal goods. With a few exceptions, trading in futures contracts must take place on a commodity exchange's trading floor.

The federal government agency that oversees the trading markets for commodity futures, commodity options, and commodity swaps is called the Commodity Futures Trading Commission (CFTC). The National Futures Association (NFA), the independent regulator for anyone who trades futures with the public, requires registration from anyone who advises futures traders or engages in futures trading.

To know more about commodity futures, visit:

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#SPJ4

5 0
1 year ago
What is a marketing plan and why is it a company's a most important document? What basic elements should be included in a top-do
bonufazy [111]

Answer:

Explanation:

A marketing plan refers to the comprehensive document that outlines a company's overall marketing effort. It is a blueprint that outlines how a company will implement its marketing strategy, and how the company will utilize a combination of resources in order to achieve its business objectives. It is a company's a most important document because:

  • It contains specific goals and objectives and outlines the precise strategies to be used in achieving them.
  • It rallies the company's forces and resources for the marketing battlefield and therefore, dictates the role of Integrated Marketing Communications (IMC) in the marketing mix.

A marketing plan should always have the following:

  • A situation analysis: normally this will include a market analysis, a SWOT analysis and a competitive analysis.
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  • Expense budget.

Small companies can use bottom-up marketing to become big companies by creating an ingenious tactic they can use and building a strategy around it.

The elements of an advertising plan and an IMC strategy:

  • The IMC strategy will be determined by how the marketer makes use of the creative mix.

The creative mix is composed of:

  • The target audience
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The best method of allocating funds for a real estate development is the sales percentage, market share, objective task, empirical research

The type of companies that tend to use the percentage of sales method are companies that want to use a method that will cost them nothing and will provide a greater chance of success for future sales.

4 0
2 years ago
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dalvyx [7]
Leveraged buyout/////////////////
4 0
3 years ago
Dale, a design engineer at a machinery manufacturing company, prepares a plan with a detailed estimate of the overheads and reso
Tasya [4]

Answer: Single-use plan

Explanation:

Single use plan is one of the method that helps in addressing the different types of organizational situation that helps in achieving the specific goals of the firm.

The budget, program, strategy and also the projects are the different types of single use planning process.

According to the given question, Dale is one of the design engineer in the manufacturing organization and dale is used to preparing the various types of plans with the proper resource and the overhead estimation.

Therefore, The dale is preparing the single use plan.    

6 0
2 years ago
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