Answer:
<u>Seniors </u>
Explanation:
The seniors generational cohorts refers to the generation that preceded the generation of baby boomers classified as those individuals who were born between 1946 and 1964.
The seniors generation is habitually complaining, something inherited from their witnessing times of wars and periods of uncertainties and financial distress.
This generation commands respect, special attention and at the same time are more miserly in their spending habits.
Also a common observation being, these individuals are not well familiar and adept with technological advancements such as gadgets, systems and modern day appliances in the sense they require more time to get used to them.
Answer:
channel it and make it limited
D) Account receivable and note receivable are showing in Expense
Answer:
Project 1
Explanation:
The computation of the payback period is shown below:
As we know that
Payback period = Initial investment ÷ Net cash flow
For project 1
The payback period would be
= $60,000 ÷ $20,000
= 3 years
For project 2
The payback period would be
= $80,000 ÷ $20,000
= 4 years
Based on the payback period, project 1 should be chosen as the initial amount would be recovered in 3 years instead of 4 years shown in project 2
Answer:
The Journal entries are as follows:
(i) On December 31,
No entry
(ii) On December 31,
Amortization expense A/c Dr. $16,000
To Patents A/c $16,000
(To record the amortization expenses)
Workings:
Amortization expense:
= (Purchasing cost of patent ÷ Estimated useful life) × Time period
= ($144,000 ÷ 6) × (8/12)
= $24,000 × (8/12)
= $16,000
