Answer:
The Journal entries are as follows:
(i) On December 31,
No entry
(ii) On December 31,
Amortization expense A/c Dr. $16,000
To Patents A/c $16,000
(To record the amortization expenses)
Workings:
Amortization expense:
= (Purchasing cost of patent ÷ Estimated useful life) × Time period
= ($144,000 ÷ 6) × (8/12)
= $24,000 × (8/12)
= $16,000
Answer:
b. $ 952,500
Explanation:
The computation of the amount of the net income for earning to meet out the requirement is shown below:
Dividend = Net income - Target Equity ratio × Total capital budget
$400,000 = Net income - 0.65 × $850,000
$400,000 = Net income - $552,500
So, the net income is
= $400,000 + $552,500
= $952,500
Hence the Net income is $952,500
Therefore the correct option is b. $952,500
Answer:
leading
Explanation:
According to my research on different organizational roles and responsibilities, I can say that based on the information provided within the question John exhibits characteristics of the leading function of management. This is a characteristic that is needed for a CEO because he/she needs to be able to lead their team correctly in order to be able to make the organization succeed.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
The correct answer is letter "D": an external source.
Explanation:
External resources are considered all those sources from where a researcher can gather information outside his or her own scope. External resources can be useful to compare data from different points of view so after contrasting them, the researcher can have an individual opinion of the subject being studied.
