Answer:
the patent amortization expense for the year 2021 is $231,000
Explanation:
The computation of the patent amortization is shown below:
= (Acquired value of the patent - ending value) ÷ legal life
= ($4,800,000 - $180,000) ÷ 20 years
= $231,000
We simply applied the above formula so that the correct value could come
Hence, the patent amortization expense for the year 2021 is $231,000
Answer:
Explanation:
This is an annuity question. You can solve this using a financial calculator with the following inputs;
Present value ; PV = -20,000
Duration; N = 15 payments
2 year interest rate; I = [(1.07)^2 ] -1 = 14.49%
One-time future cashflow; FV = 0
Then compute recurring payment ; CPT PMT = $3,336.28
Therefore, you'll pay $3,336.28 every 2 years
Answer:
Option (B) is correct.
Explanation:
A recessionary gap is a situation in which the equilibrium level of real GDP is less than the full employment level. In this condition, the aggregate demand is lower and there is a shortage of aggregate demand. This shortage of aggregate demand will be corrected if there is an increase in the government spending or decrease in the taxes. This would increase the aggregate demand in the economy, and therefore, increase the real GDP and achieve the full employment level.
An inflationary gap occurs when the equilibrium level of real GDP is greater than the full employment level. There is a higher level of aggregate demand in the economy, so there is a need to lower down the government spending or to raise taxes in order to reduce the aggregate demand. This lower level of aggregate demand reduces the real GDP and achieve the full employment level.
<span>politely seek additional information by saying, I'm not sure that you really want to stay late. Do you have somewhere you need to be
When Stephen slams his desk drawer following him agreeing to work late when his manager asked, the manager should politely talk to him in order to get further information. The best way would be to state that the manager is feeling that Stephen doesn't really want to stay late, is there something Stephen needs to be doing?</span>
Answer:
1
Explanation:
Income elasticity is how the quantity demanded of a product changes due to a change in the income of an individual.
The formula for calculating Income elasticity of demand is, percentage change in quantity demanded divided by the percentage change in income.
Here the income of Arista increases but the price of gizmos remains the same, that is why the 10% now will be more than what it used to be before the increase in income.
Hope this helps. Good luck.
