The reason why the fund uses the budgetary accounts because
it is most likely needed that the funding budget to be approved legally by the
city council in order for the budget funds to be used by the members or people
responsible of handling the budgets.
Answer:
The amount of amortization expense each year is $500,000.
Explanation:
This can be calculated as follows:
Patent original cost = $3,000,000
Salvage value after 5 years = $500,000
Number of years to use before selling it = 5 years
Therefore, we have:
Annual amortization expense = (Patent original cost - Salvage value after 5 years) / Number of years to use before selling it = ($3,000,000 - $500,000) / 5 = $500,000
Therefore, the amount of amortization expense each year is $500,000.
A federal agency that regulates the stock market
Mainly because your giving you co-workers an opurtunity to *shine* lol.
Anyway its just respect i mean its the golden rule we all learned in kindergarten...treat ppl how u wanna be treated right? ;p
The more respect a person gives at work the more he will be repected AND a lower chance of getting fired and a higher one of getting promoted.
And check your email!!!!!!
Hope this helped!!!
~Mia
Answer:
The year-end inventory in units = 27,400
Explanation:
total units in warehouse = 24,000
damaged units = 3,400
Purchased units = 2,400
consigned units = 4,400
The year-end inventory is calculated as follows:
Year-end inventory = total units in warehouse - damaged units + purchase units + consigned units
= 24,000 - 3,400 + 2,400 + 4,400 = 27,400 units.
<em>Please note </em>
<em>1. using Free on Board (FOB) shipping point agreement, the buyer claims ownership of the goods the moment it is shipped from the seller's shipping point, and is recorded as inventory even before it arrives at the buyer's receiving point.</em>
<em>2. consigned goods are goods that are part of inventory, but is located with a different distributor other than the owner of the goods.</em>
