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prohojiy [21]
3 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]3 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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A(n) is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There a
Shalnov [3]

Answer:

Bond, Treasury and Risk are the correct words that can satisfy the statements given.

Explanation:

A(n) bond is a long-term agreement under which a borrower allows to make installments of interest as well as principal on particular dates as we know this is a definition of bound. So the word bond satisfies the statement requirement.

There are four main types reflecting who the issuers are: treasury, corporate, municipal, and foreign. Each type differs with respect to risk and expected return. All have some common characteristics even though they may have different contractual features. Here in the second statement, the word treasury satisfies the statement requirement as we know that (Treasury Securities. Bonds, notes as well as bills announced by the United Statement government are frequently known as “Treasuries” and are the maximum-quality securities accessible.)

Correct words complete the sentences and we can understand the statements easily.

8 0
3 years ago
Match the definition with the correct type of unemployment. Not all of the terms will be used. 1.Unemployment caused by recessio
ivann1987 [24]

Answer:

The answer is:

1. Cyclical Unemployment

2. Frictional Unemployment

3. Natural Unemployment

Explanation:

1. Unemployment caused by recessions - cyclical unemployment. It is caused by reduction in total spending, low activities in the economy. Coronavirus pandemic is already causing cyclical unemployment.

2. Unemployment that normally occurs due to turnover as workers switch jobs - frictional unemployment.

This happens when a worker leaves a job to search for another. The unemployment between the time gap is frictional unemployment.

3. The unemployment rate that exists when the economy is operating at potential - Natural Unemployment.

Unemployment caused by replacement of obsolete technology or lack of required skills are called natural employment.

6 0
3 years ago
In a command economy:_______
boyakko [2]

Answer:

Option d                      

Explanation:

Command economies also recognized as a planned economy have as their core tenet that national government administrators own or operate a business within a nation.

A command economy refers to the mechanism in which the government determines what products should be manufactured, how much should be manufactured and the value at which the products are offered for sale, rather than the free market.

Thus, from the above we can conclude that the correct option is D.

5 0
3 years ago
Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marke
Lapatulllka [165]

Answer:

The company's net working capital is $2123612

Explanation:

Working Capital

Current Assets:

Cash & marketable securities worth  $335,485

Inventory of                                          $1,651,599

Accounts receivables                          $1,488,121

Other current assets                            <u>$121,427</u>

Total Current Asset                                                     $3,596,632

Less:

Current Liabilities:

Accounts payable worth                       $1,159,357

Short-term notes payable worth           $313,663

Total Current Liabilities                                               <u>$1,473,020</u>

Net Working Capital                                                    <u>$2,123,612</u>

7 0
3 years ago
Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $15 per basketball and
SVETLANKA909090 [29]
I think the answer is <span>unit-elastic over this price range.  This happens  when a company earns the same revenue even with some slight changes on the prices. It means that slight increase or even decrease in price does not affect the revenue of the company.</span>
6 0
3 years ago
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