Answer:
Crawford Trucking
Calculation of book value for disposal of two vehicles:
a) The Truck sold on January 2 would not have depreciation expenses computed for it. The book value on January 1 would be the same on January 2. It is not practical to compute depreciation expense for 1 day.
b) The Truck sold on July 9 would have depreciation computed for the year 2018 pro rated for six months. The book value would be less than the Truck sold on January 2.
Explanation:
Depreciation expense may be pro rated depending on the prevailing circumstances. This becomes necessary because the sold unit may not be fully utilized for the period under review. Under the matching principle of generally accepted accounting principles, it is imperative to match revenue to the period they were incurred.
Answer:
See answers below
Explanation:
1 The predetermined overhead rate
= Cost of manufacturing overhead / Cost driver.
Where cost driver
= labor cost / labor rate
= $240,192 / $12.51
= 19,200 hours
Expected overhead
= depreciation + supervisor + supplies + property tax
= 56,500 + 140,000 + 46,400 + 27,750
Total overhead = 270,650
Overhead rate = 270,650 / 19,200
= 14.10 per hour
2. The amount t of applied overhead for of 18,500 actual hours were worked on
= 18,500 hours × $14.10
= $260,850
Answer:
1. Protection to trade secrets and patents:
a. Trade secrets are protected indefinitely. Generally, patents are granted for a maximum of 20 years.
b. The owner of a trade secret does not need to pay annual fee to defend the secret. A patent holder is required to pay an annual fee, in order to make the patent enforceable.
2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:
The defendant in a trade secret case will cite that the secret is still commercially valuable. But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.
Explanation:
Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property. The major differences are in the duration and the defense of the rights. Patents, unlike trade secrets, do not last forever. Patents, again unlike trade secrets, must be defended periodically through the payment of fees.
Answer:
c. One day, a dog owner was in a car accident and couldn’t pick up her dog, so Sue Ryan took that dog home with her overnight to take care of it.
Explanation:
In this case study, organizational values and company culture are best conveyed through an emotional message. Here it is shown how ethical duty comes first, even above robust working hours and approach where employees do the least what's expected of them.
This message effectively communicates how animal love is above employee duty for Camp Bow Wow employees. Also, it demonstrates a customer-centric approach.
Answer:
Cooperative Program
Explanation:
Cooperative Program is a type of program that enables people or individual that are into local businesses to join hands or team up with schools by employing or hiring the schools students in which they have teamed up with to carried out jobs or perform jobs that basically make use of the knowledge and the skills of what the students have learnt and have been taught by their teachers in the classroom reason been that this local business believes that this student have the essential knowledge and skill about the job that will enable them to excel and to do better when employed or hired.
