Answer:
The appropiate Journal Entry would be the following:
Amortization Expense Dr. $5.25 million
Patent Cr. $5.25 million
Explanation:
According to the given data, we have the following:
Original Cost of patent = $18.90 million
Hence, Annual Amortization (Old) = 18.90/9 = $2.1 million
Amortization till Date (2017 - 2021) = 2.1*4 = $8.4 million
Hence, Unamortized Value = 18.90 - 8.4 =$ 10.5 million
Also, Remaining Life = 6 - 4 = 2 Years
Therefore, The New Amortization = Unamortized Value/Remaining Life = 10.5/2 = $5.25 million
The appropiate Journal Entry would be the following:
Amortization Expense Dr. $5.25 million
Patent Cr. $5.25 million
Answer: Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to thrive.
Explanation:
The value of stakeholders to organizations cannot be underappreciated. Stakeholders are the individuals that are interested in ones company and gives ones business both financial and practical support.
Stakeholders include investors, employees, loyal customers etc. Based on the above question, Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to succeed.
Answer:
The correct answer is letter "A": True.
Explanation:
Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Explanation:
Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.
