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
fenix001 [56]
3 years ago
8

Sheridan Co. incurred research and development costs in 2021 as follows: Materials used in research and development projects $ 9

15000 Equipment acquired that will have alternate future uses in future research and development projects 2650000 Depreciation for 2021 on above equipment 441666 Personnel costs of persons involved in research and development projects 715000 Consulting fees paid to outsiders for research and development projects 265000 Indirect costs reasonably allocable to research and development projects 190000 $5176666 The amount of research and development costs charged to Sheridan's 2021 income statement should be a. $2071666. b. $1895000. c. $2526666. d. $4545000.
Business
1 answer:
Gekata [30.6K]3 years ago
7 0

Answer: c. $2,526,666.

Explanation:

When calculating amount of research and development costs charged to Sheridan for 2021, the concern should be for period costs i.e, costs that are incurred for 2021 alone. Therefore the Equipment cost cannot be put here because as an Asset it was purchased for future use and so cannot be just for 2021.

The costs therefore are all of the above EXCEPT cost.

= Materials + Depreciation + Personnel Costs + Consulting fees + Indirect Costs

= 915,000 + 441,666 + 715,000 + 265,000 + 190,000

= $2,526,666

Correct answer is Option C

You might be interested in
A 4.9 percent corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par va
NeTakaya

Answer:

$1,049

Explanation:

Data given in the question

Par value = $1,000

Interest rate = 4.9%

Time period = 10 years

So, by considering the above information, the price paid to the bond holder is

= Par value + Par value × rate of interest

= $1,000 + $1,000 × 4.9%

= $1,000 + $49

= $1,049

Hence. the price paid to the bond holder is $1,049

4 0
3 years ago
3. Coarse chopping is usually used for vegetables that will be
Paraphin [41]

Option D is the correct answer. Stewed.

Vegetables can be chopped coarsely when Stew has to cook. Stew is a food that is cooked slowly in liquid in a closed pan.

So when coarse vegetables are cooked on medium flame in the liquid with the lid closed, they are dissolved properly. And there is no need to chop them thin.

3 0
3 years ago
Read 2 more answers
On April​ 1, 2017, Planet Services received​ $8,000 in advance of performing the services from a customer for three months of se
mestny [16]

Answer:

The correct answer is B

Explanation:

The journal entry which is to be recorded for the service revenue at the end of May is as follows:

Unearned Revenue A/c..............Dr    $5,333​

             Service RevenueA/c...........Cr    $5,333.

Working Note:

Revenue = Total amount × Number of months / Total months

where

Amount is $8,000

Number of months means at the end of May which is a 2nd month

Total months is 3 months (April, May and June)

= $8,000 × 2 / 3

= $5,333

6 0
3 years ago
Temporary employment that can become permanent employment after a period of evaluation by the employer defines _____.
tiny-mole [99]
It is C, the guy above or below me was indeed correct! i think at least. im taking the test rn
6 0
3 years ago
Read 2 more answers
A focused low-cost strategy ...A) cannot be sustained over time unless the focuser is aggressive in entering other segments wher
alexandr1967 [171]

Answer:

The correct answer are A and E.

Explanation:

Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors. The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.

A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, rewards linked to cost concentration and extensive employee participation in attempts to control costs.

Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.

4 0
3 years ago
Other questions:
  • Step 7 of 12 If you choose to purchase the car instead, you will need to pay: A down payment of $1,299.50 Monthly payments of $3
    5·1 answer
  • For a binomial experiment with r successes out of n trials, what value do we use as a point estimate for the probability of succ
    8·1 answer
  • Ashton Construction assembles residential houses. It uses a​ job-costing system with two​ direct-cost categories​ (direct materi
    14·1 answer
  • Which of the following is an example of a price floor​? A. Safeway charges​ $1 more than Fred Meyer charges for a 5 pound bag of
    7·1 answer
  • A trial balance Entry field with incorrect answer will not balance if a correct journal entry is posted twice. proves that all t
    10·1 answer
  • The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $240,000. For the current year, the
    14·1 answer
  • 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?
    10·1 answer
  • Who develops the menu in a restaurant?<br> The ________ develops the menu in a restaurant
    7·1 answer
  • Congress votes to substantially increase the minimum wage. The determinant causing the shift in this scenario is:___________.
    9·1 answer
  • Investors can postpone or avoid income taxes by investing through individual retirement accounts.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!