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prohojiy [21]
4 years ago
9

Geithner LLC patented a process it developed in the current year. The patent is expected to create benefits for Geithner over a

10-year period. The patent was issued on April 15th and the legal costs associated with the patent were $43,000. In addition, Geithner had unamortized research expenditures of $15,000 related to the process. What is the total amortization expense Geithner may deduct during the current year?a. $2,417b. $2,174c. $4,108d. $4,350e. None of the choices are correct.
Business
1 answer:
katen-ka-za [31]4 years ago
5 0

Answer:

The total amortization expense Geithner may deduct during the current year is d. $4,350

Explanation:

The amortisation is (43000 + 15000)/ 120 months * 9 months = $ 4,350

The amortisation period is the shorter of the patent's legal ( 20 years for utility patents) or useful life ( 10 years).

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Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18
Naddika [18.5K]

Answer:

$22,000

Explanation:

Current liabilities are debts that a company must pay within a twelve month period.

This company's current liabilities are:

  • Accounts payable  $15,000
  • Interest payable  $7,000

Total current liabilities = $15,000 + $7,000 = $22,000

Since the note payable is due in 18 months, it is not considered a current liability.  

8 0
3 years ago
What is 6 times something equals 4,000
Reil [10]

Answer:

666.666667

Explanation:

If you work it backwards by divison, you would do 4,000/6.

This will give you 666.666667.

To double check your work, you can do 666.666667 x 6 which equals 4,000.

5 0
3 years ago
a project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capt
PilotLPTM [1.2K]

A project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.

<h3>What is issue log?</h3>

This is a register that contains all happening around a project.

Negative issues that affects that project is also recorded for reviews and furthermore deliberation.

Therefore,

Aproject has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.

Learn more in project team below

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5 0
2 years ago
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 8% of par, an
Marrrta [24]

Answer:

a. 13.33%

b. 10%

c. 8%

d. 5.71%

Explanation:

The computation of nominal rate of return is given below:-

Rate of return = Dividend ÷ Current market price

For the first case

= $8 ÷ $60  

= 13.33%

For the second case

= $8 ÷ $80

= 10%

For the third case

= $8 ÷ $100

= 8%

For the fourth case

= $8 ÷ $140

= 5.71%

Note :- To get $8 you need to multiply by $100 by the 8%

8 0
3 years ago
Sam’s favorite recipe for fruit punch requires 12% apple juice. how much pure apple juice should he add to 2 gallons of punch th
natulia [17]
He needs to add %4 more apple juice because %12 - %8 = %4
6 0
3 years ago
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