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Artist 52 [7]
3 years ago
6

Cullumber Company incurred $800000 of research and development costs in its laboratory to develop a new product. It spent $15000

0 in legal fees for a patent granted on January 2, 2017. On July 31, 2017, Cullumber paid $62000 for legal fees in a successful defense of the patent. What is the total amount that should be debited to Patents through July 31, 2017
Business
1 answer:
cricket20 [7]3 years ago
4 0

Answer:

$212,000

Explanation:

Calculation to determine the total amount that should be debited to Patents through July 31, 2017

Using this formula

Total amount debited to Patents=Legal fees for patent+Legal fees in a successful defense of patent

Let plug in the formula

Total amount debited to Patents=$150,000+$62,000

Total amount debited to Patents=$212,000

Therefore the total amount that should be debited to Patents through July 31, 2017 is $212,000

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7 0
3 years ago
The marginal utilities associated with the first 5 units of consumption of good Y are 15, 15, 10, 7, and 3, respectively. What i
julsineya [31]

Answer:

Total utility is 50

Explanation:

Mathematically;

TU = U1+MU2+MU3+MU4+MU5

TU = Total utility

U1= utility of 1st product of good Y

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Solution:

TUy= 15+15+10+7+3

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3 years ago
Cellular Talk is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 25% a ye
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Answer:

$12.14

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D2 = (1 × 1.25) = $1.25

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Now

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7 0
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Answer:

See explanation below.

Explanation:

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3. Finance: a legal agreement to borrow money for the purchase of a home.

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4 0
3 years ago
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Komok [63]

Answer:

These are the options for the question:

a. product design excellence.

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And this is the correct answer:

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All the other options may be a indirect cause or consequence for Nordstrom's good reputation among the customers, but the direct advantage that this reputation provides is a competitive gain over its market adversaries.

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