1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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).

You might be interested in
A machine that costs $20,000 today has annual operating costs of $1,500, $1,600, $1,700 and $1,800 in each of the next four year
const2013 [10]

Answer:

The PV of costs is ($25,192.61) and the equivalent annual annuity is ($7,947.53).

Explanation:

PV Formula = $20,000 + OC 1 / (1 + interest rate) ∧1 + OC 2 / (1 + interest rate)∧ 2 + OC 3 / (1 + interest rate)∧ 3 + OC 4 / (1 + interest rate)∧ 4

where:

PV = Present Value

OP = Opertaiing Cost

PV  = $20,000 + 1500/1.1∧1 + 1600/1.1∧2 + 1700/1.1∧3+ 1800/1.1∧2+ 1800/1.1∧4

PV  = $20,000 + 1,363.63 + 1,322.31 + 1,277.23 + 1,229.42

PV = $25,192.61

Equivalent Annual Annuity = r (NPV)/1-(1+r)∧-n

EAA = 0.1 X  $25,192.61/0.31699

EAA = $7,947.53

7 0
3 years ago
The resources owned by firms that shut down in the process of creative destruction:
patriot [66]

The answer is <u>"b. move to activities where they are more highly valued."</u>


Creative destruction depends on the possibility that as opposed to inclining toward harmony, the economy is to a great extent in flux.  

Creative destruction is the perception that a free enterprise economy is inalienably determined by developments, which are entwined with the pulverization of old parts of the economy and the making of new. That is, the development of another item triggers capital speculation, monetary extension, more noteworthy business, and improved expectations for everyday comforts, except by supplanting existing generation laborers are jobless, industrial facilities are closed down, and firms go bankrupt.

4 0
3 years ago
Blake has managed several restaurants for over 50 years and is close to retirement. With his maturity and business experience, h
liraira [26]

Answer:

E. postconventional

Explanation:

Blake is at a postconventional level of personal moral development according to Kohlberg's model.

In the postconventional level of moral development, people have established personal ethical and moral ideals, and live by those, not necessarily by what is established within a society.

For this reason, they may hold unusual views, and Blake is described in the question as being an independent thinker, which is consistent with the characteristics of this stage.

6 0
3 years ago
What is the plowback ratio for a firm that has earnings per share of $12.00 and pays out $4.00 per share as dividends?
liubo4ka [24]

Answer:

66.67%

Explanation:

A firm has an EPS of $12

The dividend paid is $4

The first step is to calculate the payout

= 4/12

= 0.3333×100

= 33.33

Therefore the Plowback ratio can be calculated as follows

= 1-33.33%

= 0.667×100

= 66.67%

Hence the Plowback ratio is 66.67%

8 0
3 years ago
Please help if you know..
padilas [110]
B. People with the same job title may perform different duties
4 0
3 years ago
Read 2 more answers
Other questions:
  • ​________ is used to describe how changes in price affect a​ consumer's purchasing​ power, and​ ________ is used to describe how
    13·2 answers
  • Which type of electronic meeting held between people at two or more locations combines audio and video transmission?
    5·1 answer
  • Pizzicletta Pizza Shop purchased a stone pizza oven on January 1, 2018. The oven cost $50,000 and has an estimated salvage value
    6·1 answer
  • True or False
    10·1 answer
  • In a(n) ________, two or more firms work together to create a new business entity that is legally separate and distinct from eit
    11·1 answer
  • Marketing is essential to help businesses distinguish themselves from competitors in the market.
    10·1 answer
  • In the month of November, Oriole Company Inc. wrote checks in the amount of $10,410. In December, checks in the amount of $11,07
    15·1 answer
  • People who are part of the project team need to understand project management because they Multiple Choice Need to understand th
    7·1 answer
  • During the year, Rajeev makes the following transfers. $6,625 to his mayor's reelection campaign. $24,500 to his aunt, Ava, to r
    6·1 answer
  • What will be the statement of financial position of this?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!