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Elza [17]
3 years ago
7

Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $4.1 million. The patent will b

e used for five years, even though its legal life is 20 years. Rocky Corporation has made a commitment to purchase the patent from Granite for $180,000 at the end of five years. Compute Granite's patent amortization for 2021, assuming the straight-line method is used.
Business
1 answer:
Artemon [7]3 years ago
7 0

Answer:

the patent amortization expense for the year 2021 is $231,000

Explanation:

The computation of the patent amortization is shown below:

= (Acquired value of the patent - ending value) ÷ legal life

= ($4,800,000 - $180,000) ÷ 20 years

= $231,000

We simply applied the above formula so that the correct value could come

Hence, the patent amortization expense for the year 2021 is $231,000

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Answer:

C. Matrix Organisation.

Explanation:

This is an organisation or work pattern where one/employee reports to more than one boss. It is used mainly in the management of large projects or product development processes, drawing employees from different functional disciplines for assignment to a team without removing them from their respective positions.

Employees in a matrix organization report on day-to-day performance to the project or product manager whose authority flows sideways (horizontally) across departmental boundaries.

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4 years ago
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To comply with the "Jim Crow" laws, Milton, the owner of a chain of restaurants, reserves the restaurants on Wiley Street for wh
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Answer:

separate-but-equal doctrine

Explanation:

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3 years ago
Mr. Thompson is a professor of marketing at the local university. In the student orientation program, he addressed the freshmen
vazorg [7]

Answer:

Persuasive Advertising is the correct answer.

Explanation:

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4 years ago
Elc inc. is an electronic appliances manufacturer that has many strategic business units (sbus), among which, television and com
Sedbober [7]

Answer:

The answer is multi-divisional structure.

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A company employing multi-divisional structure would usually function as a parent company that has many business units under it operating different business sectors. This is clearly the case of Elc Inc., since it both manufactures televisions and computers. The fact that both businesses share the same budget shows that the two business units are still operating in the same company.

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4 years ago
According to Census Bureau and Federal Reserve surveys, about 50 percent of all new businesses begin with less than ____ in tota
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Answer:

$30,000

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According to Census Bureau and Federal Reserve surveys, about 50% of all new businesses begin with less than $30,000 in total capital to start small businesses though the average capital to start small businesses is $80,000. The reason is not far fetched and one of it is that small businesses have limited opportunities to get capital to start a business. Small business capital is usually from the owner's personal savings or from family members or friends as little help is rendered by the lending institutions. Small businesses majorly need financing to expand their businesses. The inability of small businesses to get good capital for their businesses causing difficulties in growing small businesses.

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