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Minchanka [31]
2 years ago
5

Riser Corporation was granted a patent on a product on January 1, 1998. To protect its patent, the corporation purchased on Janu

ary 1, 2007 a patent on a competing product which was originally issued on January 10, 2003. Because of its unique plant, Riser Corporation does not feel the competing patent can be used in producing a product. The cost of the competing patent should be
Business
1 answer:
creativ13 [48]2 years ago
5 0

Answer:

c. amortized over a maximum period of 11 years.

Explanation:

The patent is an intangible assets which is to be reported on the current asset side of the balance sheet

Like other intangible asset i.e goodwill, trademarks, and other intellectual properties are also shown on the asset side of the balance sheet

These assets should be amortized, not it is depreciated

In the given case, the patent should be amortized over a maximum period of 11 years

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What is the difference between a direct distribution channel and an indirect
AveGali [126]

The use of intermediaries is the primary difference between the two.

Explanation:

Direct distribution channel is one in which the consumer is directly connected to the manufacturer and there is no use of a distribution system that is separate from them and there are no intermediaries.

The contact between the two is direct.

To the contrary in an indirect  distribution channel there is no direct connection between the manufacturer and the person who is actually buying the product and the business is being mediated by the middlemen.

8 0
3 years ago
The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

Next, Depreciation expense= \frac{57800-5400}{72} = \$ 727.77

∴ Monthly depreciation expense= $ 727.77

Depreciation expense for last six months of year 3= 727.77 \times 6= \$ 4366.67

∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
3 years ago
Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi
Y_Kistochka [10]

Answer:

It will affect Wendy's fast- food sales negatively.

Explanation:

Especially if the competitors have larger market share than Wendy's Fast-food.  There will be a switch in consumers from Wendy's Fast-food to it's competitor, therefore reducing its sales and invariably reducing it's profit.

Therefore, Wendy's fast-food should be in tune with price fluctuation of it's competitors especially if it is a price decrease.

7 0
3 years ago
Fiat borrowed $80,000 on October 1, 2019. Fiat will not make any payments until October 1, 2021, and at that time, Fiat will pay
natita [175]

Answer:

The answer is d. Interest payable of $2,500; interest expense of $2,000

Explanation:

Interest component over 2 years = $84,000- $80,000 = $4000

interest expense for a year = 4000/2 = $2000

Interest payable = 1.25 years   * 2000 = $2500

8 0
3 years ago
I like work at a besiness
Evgen [1.6K]

Answer:

OK??

Explanation: Up at answer

5 0
2 years ago
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