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docker41 [41]
3 years ago
8

The entry to record the amortization of a patent would include a debit to __________ and a credit to __________. Amortization Ex

pense; Patents Amortization Expense; Accumulated Amortization Patents; Accumulated Amortization Patents Expense; Accumulated Amortization
Business
1 answer:
Advocard [28]3 years ago
6 0

Answer: Amortization Expense; Patents

Explanation:

The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.

The journal entry will be:

Debit Amortization expenses XX

Credit Patents XX

Therefore, the correct option is A.

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MaverickMaverick Co. budgets production of 120 comma 000120,000 units in the next year. MaverickMaverick​'s CFO expects that eac
Musya8 [376]

Answer:

B. $ 3 comma 600 comma 000$3,600,000

Explanation:

The total manufacturing cost of an entity maybe divided into two broad classes. These are direct and indirect cost. The indirect cost are also known as the overheads and may be further divided into fixed and variable overheads. The variable overheads may be given as a function of direct cost such as machine hours, direct labor hours etc.

Given that

Total units to be produced = 120,000

Time required to produce a unit = 10 hours

Hence total number of hours required

= 120,000 × 10

= 1,200,000 hours

Hourly wage rate = $12

If Factory overheads is applied to direct labor hours at $3 per​ hour

Factory overheads = $3 × 1,200,000

= $3,600,000

7 0
3 years ago
2.<br>What is the effect on the market when suppliers under invest in their businesses?​
Ghella [55]

Answer:

the profit margin will decrease and supplies won't get their promotin

3 0
3 years ago
The U. S. national debt:______________.
Dafna11 [192]

Answer:

d. equals the dollar amount of outstanding U.S. Treasury bonds

Explanation:

The National debt is entirely represented by the total dollar amount of outstanding U.S. Treasury bonds, both those bonds that are held by the public (private citizens), or by other governments.

Currently, the U.S. National Debt is over 24 million, and the amount of debt that can be issued in the form of U.S. Treasury bonds is limited by the national debt ceiling.

3 0
3 years ago
On the end-of-period spreadsheet, Supplies has a balance of $2,000 in the Unadjusted Trial Balance Debit column and an adjustmen
Mademuasel [1]

Answer:

$1,500

Explanation:

On the end-of-period spreadsheet, the credit adjustment of $500 is made in the Debit balance of Supplies inventory, which will net off the values and resulted Supplies Inventory value will be $1,500 at the end of the year and it will be reported on the financial statements. $1,500 should be appeared for supplies in the adjusted Trial Balance column.

7 0
3 years ago
You are a cook at a restaurant. you are required to conduct a food inventory at the end of every week. you notice that there are
KonstantinChe [14]

Answer: 150

By inventory, we mean a complete list of items at the end of a business day. In the case of a cook who is required to <span>conduct a food inventory at the end of every week, inventory should include the 25 steaks in the front refrigerator and the 125 in the back freezer. The 18  marinated for tonight's dinner should not be included  because it will be consumed that night.  The inventory of steaks therefore is 25+125=150.</span>

8 0
3 years ago
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