Answer:
1. 10s
2. Slower than normal
Explanation:
1. To calculate the normal time, we first take the average of Charlene's observed times:
Average of Charlene's observed time = 
= 8.5s
Her normal time is therefore: 
= 
= 10s
2. Since no of Charlene's observed time is higher than normal time of 10s, we can therefore conclude that her work perfomance should be rated as slower than normal.
c pay the miminum balance each month
Answer: $744,000
Explanation:
The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:
First, we have to calculate the amortization recorded up to 2019. This will be:
= (1,240,000 / 10) x 2
= 248,000
The we calculate the amortization to be recognized in 2020. This will be:
= (1,240,000 – 248,000) / 4
= 248,000
The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:
= 1240000 - 248000 - 248000
= $744,000
Answer:
True
Explanation:
The matching principle states that only those payments and receipts which actually are paid or received. the interest accrued is not included unless it is paid
