You have to submit the one that is not working properly in a timely fashion but it’s a very nice way
I believe it is a non-sufficient funds fee
Answer: $738,000
Explanation:
The amount they should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 goes thus:
The amortization for 2018 and 2019 will be:
= $1,230,000 × 2/10
= $246,000
Then, the carrying value of patent in the beginning of 2020 will be:
= $1,230,000 - $246,000
= $984,000
It should be noted that the remaining life will be:
= 6 years - 2 years
= 4 years
2020 Amortization will then be:
= $984000/4 =
$246000
Accumulated Amortization will be:
= $246,000 + $246,000
= $492,000
Therefore, the amount reported in patents will be as at December 31, 2020 will be:
= $1,230,000 - $492,000
= $738,000
The answer to this question should be True!!!!!!!!
Answer:
6.78% per year.
Explanation:
Assuming compounding occurs only once a year, the interest rate 'r' required on a $2,000 investment for 4 years to yield $2,600 is determined by:
![FV = PV*(1+r)^n\\2,600 = 2,000*(1+r)^4\\r=\sqrt[4]{\frac{2,600}{2,000}}-1\\ r=0.06779=6.78\%](https://tex.z-dn.net/?f=FV%20%3D%20PV%2A%281%2Br%29%5En%5C%5C2%2C600%20%3D%202%2C000%2A%281%2Br%29%5E4%5C%5Cr%3D%5Csqrt%5B4%5D%7B%5Cfrac%7B2%2C600%7D%7B2%2C000%7D%7D-1%5C%5C%20r%3D0.06779%3D6.78%5C%25)
The interest rate earned on those savings was 6.78% per year.
