How do the price and quantity of goat cheese change? The price of goat cheese will likely rise because there is less being produced and able to be consumed. The quantity of goat cheese is not able to be determined by the information provided in the question.
Answer:
The straight line depreciation for the first year is $24000
Explanation:
The straight line method of depreciation charges/allocates a constant amount of depreciation through out the useful life of the asset. The straight line depreciation expense for the year is calculated as follows,
Straight line depreciation = (Cost - Salvage Value) / Estimated useful life
Straight line depreciation = (135000 - 15000) / 5 = $24000 per year
Thus, the amount of depreciation for first year under straight line method is $24000
Answer:
c. $94,400
Explanation:
Net cash provided or used by operating activities is computed as see below;
Net cash provided or used by operating activities = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable
Net cash provided or used by operating activities = $85,800 + $12,500 - $8,000 - $2,550 + $6,650
Net cash provided or used by operating activities = $94,400
Answer:
<em>2. EasyOpen's patent expired after 20 years</em>
Explanation:
<em>Patent rights last for about a limited period of time, as well as the right to file a lawsuit on other sides for infringement of the patent is centered on that time. </em>
Inventors and other patent proprietors may therefore choose to measure and evaluate their patent's expiry date.
It will mostly rely heavily on the date of filing of your patent application, and also the sort of patent they obtained.
Patents are defined as utility patents, patents on designs or patents on plants.
Patent protection for utility patents, which are the most common type of patent, and which EasyOpen Inc is part of, lasts 20 years after the patent application's filing date.
Answer: $7924. 5
Explanation:
Given the following :
Cost of new equipment and timbers - $275,000
Working capital required - $100,000
Annual net cash receipts - $120,000
Cost to construct new roads in year three - $40,000
Salvage value of equipment in four years - $65,000
Kindly check attached picture for Explanation
