Answer:
deduction for organizational expenses = $5,000
Explanation:
Since the total startup costs are over $50,000 then the company's deduction will be lower. Generally speaking, a company can deduct up to $5,000 in organizational an startup costs ($5,000 each). But if the costs are over $50,000, then your deduction will be reduced by $1 for each dollar over that threshold.
In this case, organizational costs were $9,500, so they can deduct $5,000 during the first year and $4,500 will be amortized over the next 15 years. Startup costs are $54,500, which means that they can only deduct $5,000 - ($54,500 - $50,000) = $500 during the first year. The remaining $54,000 must be amortized over a 15 year period. Total deduction during the first year = $5,000 + $500 = $5,500
Answer:
$15,000
Explanation:
Calculation to determine what Legion should pay as cash interest for the six months ended June 30, 2021
Cash interest for the six months ended June 30, 2021 =$300,000*10%*6/12
Cash interest for the six months ended June 30, 2021=$15,000
Therefore Legion should pay cash interest for the six months ended June 30, 2021, in the amount of $15,000
Answer:
The option that is not true about licencing is E) It involves slightly more risk to the licensee than licensor.
Explanation:
Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment. Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee.
Usually, It is the licensor that that bears more risk. For instance, unscrupulous licensees have been known to manufacture licensed products and sell them under different brand names in order to tamper with the royalty payable to the licensor.
It should be Joe and ISADORA and it should be ISADORA 37 and Joe 48
Answer: 900 people.
Explanation:
If you are in the 55th percentile then that means that you scored better than or at least as good as 55% of people who took the GRE because a peecentile is a measure that states the position of a number in a data set as a percentage.
If calculating how many people had a mark at least as high as your own, that means those people who scored higher than or at least what you scored.
If you scored higher than 55% then that means that,
= 100 - 55
= 45%
45% scored at least as high as you.
2,000 took the test so 45% will be
= 2,000 * 45%
= 900 people.
900 people scored at least as high as you.