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katrin [286]
3 years ago
8

Prepare the December 31 entry for Pina Corporation to record amortization of intangibles. The trademark has an estimated useful

life of 4 years with a residual value of $3,720.
Business
1 answer:
Naily [24]3 years ago
8 0

Answer and Explanation:

The journal entry is as follows;

Amortization expense  $1,585 ($16,400 - $3,720) ÷ 4 years × 0.5

           Trademarks $1,585

(Being the amortization expense is recorded)

As we debit the amortization expense as it increased the expenses and at the same time we credited the trademarks as it decreased the assets

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Over which of the following factors affecting profits does a business have the most control:
Paul [167]

The factor that affecting profits to a business that have the most control is the expenses.

<h3>How expenses affect profit?</h3>

The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.

Therefore, option A is correct.

Learn more about the profit, refer to:

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8 0
2 years ago
Marketing strategy addresses a specific target market with a cohesive marketing mix of:
Viktor [21]

Answer:

A) Product, price, place, promotion

Explanation:

The 4 Ps of marketing are:

  1. product: what good or service is our company selling and what need will it satisfy.
  2. price: the actual amount that the company expects that final customers will pay for the product, if the price is too high, the sales volume can be small, but if the price is too low, the profits can b too low also
  3. place: how and where will the product be provided to the customer, e.g. physical stores, online
  4. promotion: include marketing strategies and techniques carried out to communicate the existence and the qualities of our product to potential customers, they include advertisement, sales promotions, public relations
5 0
3 years ago
What are the advantages to shared decision-making
Dahasolnce [82]

Answer:. When patients participate in decision making and understand what they need to do, they are more likely to follow through.

Explanation:

4 0
4 years ago
Two technicians are discussing removal of square-type oil gallery plugs. technician a says that you need to use an acetylene cut
kifflom [539]
Practically speaking, both of them are correct. Technician A who uses an oxy-acetylene torch to remove oil galley plugs would spend more time than Technician B (assuming he uses a drill with appropriate drill bit size). Technician A would induce heat via the torch to expand the hole in the engine block. Doing this would allow the stubborn oil galley plugs slip out the hole easily. Adding paraffin wax at the other end would speed up the removal. Technician B should initially use a smaller size drill bit to provide a pilot hole then proceed with square head bit to detach the plug.
3 0
3 years ago
Identify which of the following statements is true. a. A nonresident alien can be an S corporation shareholder. b. A partnership
sdas [7]

Answer:

a. A nonresident alien can be an S corporation shareholder. (However, generally, we can't see non resident aliens owning shares, but it is not illegal.)

c. An S corporation can have more than 100​ shareholders, since families are treated as a single shareholder.

Explanation:

A nonresident alien is a person who is not a U.S. citizen and does not pass the green card or substantial presence tests used to determine tax status and citizenship. Foreign Students are a good example for this.

these non residents usually do not hold ownership in corporations.

The term "S corporation" means a "small business corporation".

S corporations limit is 100 members, however, since the family members are treated as "individual one person", the number 100 could change in the practical scenario.

The option d is obviously wrong!

Option b is incorrect as well. Corporations and Partnerships can not own stake in S corporations.

4 0
3 years ago
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