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3 years ago

Jackson Ltd is developing computer software for use in its courier delivery service business. So

Business

1 answer:

Helen [10]3 years ago

5 0

Answer:

Jackson Ltd

Software Development ($50,000) and Purchase ($100,000):

The accounting treatment consistent with the framework is to:

a. Recognise an asset of $100 000 and expense of $50 000.

Explanation:

The development cost of the Software which is abandoned cannot be capitalized. Software development cost can only be capitalized after testing for usability. Otherwise, Software development costs are expensed as they are incurred. On the other hand, the purchased Software can be recognized as a long-term asset, Plant, Property, and Equipment as it will be in use for more than 2 years.

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A student is conducting a research project that involves using a survey. the survey asks participants about their highest level

iris [78.8K]

Exempt review

<span> An exempt review is a defined as one which poses minimum amounts of risk or threat to participants of a survey. Exempt reviews are also conducted anonymously, with no identifiable information of the participants collected. In this case since the student’s questions are fairly harmless and the anonymity of the subjects is maintained, it can be classified as an exempt review</span>

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3 years ago

Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% ap

svetlana [45]

Answer:

The journal entry to record the sale :

Debit : Note Receivable $120000

Credit : Sales Revenue $120000

Explanation:

The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.

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3 years ago

Wiggins Company has 2,000 shares of $100 par preferred stock, which were issued at par. It also has 35,000 shares of common stoc

kolbaska11 [484]

Answer:

e) $17.00 shares

Explanation:

Calculation for the book value per common share

First step is to calculate for the Preferred stock claim

Using this formula

Preferred stock claim= Company shares × Par preferred stock

Let plug in the formula

Preferred stock claim= 2,000 shares x $100 par share

Preferred stock claim= $200,000

Second step is to calculate for the Book value per common share using this formula

Book value per common share=(Total stockholders' equity-Preferred stock claim)/Common stock outstanding shares

Let plug in the formula

Book value per common share=($795,000 - $200,000)/35,000 shares = $16 share

Book value per common share=$595,000/35,000 shares

Book value per common share= $17.00 shares

Therefore the book value per common share will be $17 shares

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3 years ago

____________ result(s) from factors such as manufacturing products in very large quantities, buying inputs in bulk, or making mo

Delicious77 [7]

The question is incomplete, it lacks option.

A) Brand loyalty

B) Demographic forces

C) Political forces

D) Brand positioning

E) Economies of scale

Answer:

Economies of scale

Explanation:

Economies of scale can be described as a reduction in cost, this occurs when companies increases the rate of their production.

Economies of scale can also be reffered to as a process whereby an organization becomes more efficient and therefore reduces the costs of their products.

Economies of scale can be greatly influenced by a large amount of capital which is made available to companies to improve their various operations.

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4 years ago

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Which of the following is most likely to represent a fixed rate, secured debt?

myrzilka [38]

A student loans are more professional and stiff

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3 years ago

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