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m_a_m_a [10]
3 years ago
8

Smith & Sons obtained a patent for a new optical scanning device. The fees incurred to file for the patent and to defend the

patent in court against several companies which challenged the patent amounted to $45,000. Smith & Sons concluded that the expected economic life of the patent was 12 years.Calculate the amortization expense that should be recorded in the second year, and record the journal entry for the amortization expense on the books of Smith & Sons. $
Business
1 answer:
Tatiana [17]3 years ago
4 0

Answer:

$3,750                            

Explanation:

Cost of patent             $45,000

Useful Life                       12

Amortization Expense for 2nd year =$3,750 (45,000/12)

Amortization Expense-Patent  Dr.$3,750

Accumulated Amortization-Patent  Cr.$3,750

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Serjik [45]

Answer: The best answer is C

Explanation:

C. In towns with healthy central shopping districts, what proportion of the stores in those districts suffer bankruptcy during a typical five-year period?

Supposing that roughly a quarter of stores in a HEALTHY central shopping district is being found out to have suffered bankruptcy during a typical five-year period. This would be an evidence to say that losing a quarter of the stores to bankruptcy is NOT a sign that a shopping district is "unhealthy". In that regards, the records from the other towns would simply show that, DESPITE having a SaveAll, the shopping districts maintained healthy bankruptcy rates.

So, the fact that a quarter of stores in Morganville's central shopping district will likely experience bankruptcy is no cause for alarm. This is what we would expect in ANY healthy central shopping district. Therefore, based on the evidence, there is no reason to expect that opening a Save All will negatively affect the health of the central shopping district.

6 0
3 years ago
Which one of the following is not true when the economy is in macroeconomic​ equilibrium? A. When the economy is at​ long-run eq
uranmaximum [27]

Answer:

The correct answer to the following question will be Option C.

Explanation:

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  • Consequently, whenever the economy seems to be in macroeconomic equilibrium, the argument which is not accurate would be that the businesses would have excess power.

So that Option C is the right answer.

6 0
3 years ago
If jj camera does not accommodate meg's needs, and she is otherwise qualified for the job, jj camera must demonstrate that the a
Crank
 If JJ camera does not accommodate Meg's needs, and she is otherwise qualified for the job, JJ camera must demonstrate that the accommodations would create (a) UNDUE HARDSHIP for the company.

Undue hardship refers to an action that will lead to increase in expense or difficulty on company or the employer. It is an accommodating action.  It is not necessary for an employer to accommodate an undue hardship. If the company needs to accommodate an undue hardship, it should look for some other accommodation that does not impose such hardship on the company.
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4 years ago
This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want qu
Eddi Din [679]

Explanation:

The four main managerial functions are:

  1. Staffing,
  2. Planning,
  3. Directing,
  4. Organization.

Analyzing each of the functions from the company scenario described in the question, it is possible to notice several flaws:

1- Staffing:

With the increase in workload, management is unable to establish an effective planning of workers needed to carry out the tasks, therefore having an ideal serial investment in training and development so that the work becomes more qualified, it would also be ideal to recruit more workers to supply the work load.

2- Planning:

With the increase in demand, it is necessary for management to develop strategies and establish organizational goals and objectives.

3- Direction:

The creation of adequate communication channels will be essential so that there is a greater targeting of employees in order to achieve the company's objectives, it is necessary to have guidance and direction as to the efficiency and productivity that the company expects from employees.

4- Organization:

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6 0
3 years ago
Olympia Autos Inc. merged with its competitor Vaca Autos Inc. This allowed Olympia Autos to use its technological competencies a
zlopas [31]

Answer:

Olympia Autos Inc. and Vaca Autos Inc.

This merger scenario illustrates the power of synergy.

Explanation:

Synergy is achieved with Olympia Autos Inc that has technological competencies, merging with Vaca Autos' marketing capacities.  This enable the two entities to achieve more as one than they could have achieved individually.   By capturing a larger market share, the two entities have shown that the combination of resources in pursuit of some common objectives is more beneficial than separate efforts.

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3 years ago
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