Answer:
$304,000
Explanation:
Calculation to determine How much was DJ's net income
Net cash inflow from operating activities ($262,000)
Less Account spayable decrease ($26,000)
Less Prepaid asset increase ($20,000)
Add Depreciation expense $32,000
Add Accounts receivable decrease $26,000
Add Loss on sale of depreciable asset $21,000
Add Wages payable increase $15,000
Less Unearned revenue decrease $21,000
Add Patent amortization expense $15,000
Net income $304,000
Therefore DJ's net income is $304,000
A. Use digital payments methods
Product market comparisons that focus on labor costs are likely to deserve greater weight when product demand is inelastic.
<h3>What is the product market?</h3>
The product market is defined as the marketplace where final items or services are sold to firms and the government.
It does not concern trading in raw or another intermediate substances because it concentrates on the selling of finished goods. Business enterprise market and labor market are two speeches that are related to but not interchangeable.
When product demand is inelastic, product market comparisons that focus on labor costs are more likely to be valuable.
Learn more about the product market, refer to:
brainly.com/question/3964664
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Answer:
Dr amortization expense $14,500
Cr Copyright asset $14,500
Dr amortization expense $6,250
Cr Patent asset $6,250
Explanation:
First of all,a goodwill with an indefinite life is not depreciable,hence no adjusting journal entries would be prepared in respect of the goodwill.
However,the copyright would be amortized using the lower of useful life of 6 years and legal life of 30 years,the amortization expense for the year is shown below:
amortization charge=$87,000/6 years=$14,500
The patent is to amortized in the way as the as the copyright the lower of useful life and legal life.
amortization charge=$30,000/4 years*10/12=$6250
The patent was only used for 10 months in the year
Answer:
78% of 2.
Explanation:
Get a calculator. Press ON, then press 78 WITH PERCENT IF APPLICABLE. Times 2. Enter, thats your answer is what you get.
