1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andre45 [30]
3 years ago
6

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

0,000 immediately and then another $1,000,000 on September 30, 2020. An interest rate of 8% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) (Use appropriate factor(s) from the tables provided.) What amount of interest expense, if any, would Corso record on December 31, 2018, the company’s fiscal year end?
Business
1 answer:
Delicious77 [7]3 years ago
5 0

Answer:

$17,146

Explanation:

Given:

Acquisition cost of patent = $2,000,000. $1,000,000 is paid immediately. Remaining $1,000,000 is paid after 2 years on September 30, 2020.

We have to calculate present value of $1,000,000 @8%, 2 years. Present value factor is 0.8573.

Present value of $1,000,000 = 1,000,000×0.8573 = $857,300.

Calculation of interest expense:

Principal amount = $857,300

Rate = 0.08

Time period = \frac{3}{12}= \frac{1}{4}\

Interest expense = 857,300\times 0.08\times \frac{1}{4}

                             = $17,146

Therefore, interest expense to be recorded as on December 31, 2018 is $17,146

You might be interested in
How do consumer expectations affect the demand for a product
sesenic [268]

Answer:c

Explanation:

5 0
3 years ago
Read 2 more answers
Charlotte is trying to measure her salon's productivity during the first quarter. For this period, she should divide ________ by
IRISSAK [1]

Answer:

the total salon services and products sold

Explanation:

Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of

production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.

7 0
3 years ago
If the price of good A decreases by 10 percent and the quantity demanded of good B increases by 10 percent, this is evidence tha
Lostsunrise [7]

Answer:

b. complement goods

Explanation:

Complement goods -

These are the type of goods , that are related to each other in a certain manner , is referred to as complement goods.

These type of good are also referred to as paired goods or associated goods .

In case of complement goods , if a person buys first good , then he might require the second good too.

These goods can even alters the prices of each other .

For example ,

people buying a CD player , need to buy the corresponding CD too , and hence ,

CD player and CD are complement goods.

Hence , from the given scenario of the question,

The correct option is b. complement goods .

A complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B.

6 0
3 years ago
Which workplace trait means fulfilling your commitments in time or in advance?
Drupady [299]
I believe the answer is Time management
6 0
3 years ago
Curtis was recently laid off and was given severance pay on the condition that he agreed not to criticize the organization publi
Luda [366]

This is an example of a non-disparagement agreement.

<h3><u>What is a non-disparagement agreement?</u></h3>

A part of an agreement, such as an employment contract, separation agreement, or marital settlement agreement, stipulates that the involved parties are prohibited from making any negative statements, remarks, or representations about each other. Such clauses are in prevalent use to prevent (ex) employees from adversely affecting the business of employers with disparaging public statements either during or after the employment period has ended.

<h3><u>What Takes Place If a Non-Disparagement Clause Is Broken?</u></h3>

A non-disparagement agreement is still a contract with potential legal repercussions if you don't uphold your half of the bargain, just like any other legal instrument. A breach of a non-disparagement agreement typically has financial repercussions. You might be required to repay all or a portion of your severance pay if non-disparagement was a requirement for you to receive it, depending on the terms of the agreement.

Learn more about the non-disparagement agreement with the help of the given link:

brainly.com/question/14592097?referrer=searchResults

#SPJ4

4 0
2 years ago
Other questions:
  • Five friends​ (a, b,​ c, d, and​
    11·2 answers
  • A way of buying, in which you can purchase goods or services and pay later, is called:
    10·1 answer
  • Claxton Company purchased a van on January​ 1, 2018, for​ $820,000. The estimated life of the van was five​ years, and its estim
    15·1 answer
  • On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates
    12·1 answer
  • Different compounding periods, are used for different types of investments. In order to properly compare investments or loans wi
    12·1 answer
  • g one of your friends purchased a zero coupon corporate bond (i.e., a bond that has no interest payments) for $4,850. The bond h
    6·1 answer
  • Marketing communicators should realize that other communication methods must receive careful consideration before _____ is autom
    14·1 answer
  • Comet Company accumulated the following account information for the year:
    11·1 answer
  • Which of the following is most likely to cause structural unemployment?
    10·1 answer
  • The cost object(s) of the activity-based costing method is(are)?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!