A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.
<span>In which form of business is a single individual responsible for the repayment of any debts? Proprietorship. In a </span>proprietorship, a sole person owns a business. Because they are the sole owner they are responsible for paying income taxes on profits earned from the business and also repayment of debt. A proprietorship is the simplest business a person can own and operate under.
Answer:
Original Cost = $26.10
Annual Amortization (Old) = $26.10 / 9 years
Annual Amortization (Old) = $2.9 million
Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million
Unamortized Value = $26.10 million - $11.6 million
Unamortized Value = $14.5 million
Remaining Life = 6 - 4
Remaining Life = 2 Years
New Amortization = Unamortized Value/Remaining Life
New Amortization = $14.5/2
New Amortization = $7.25 million
Journal Entry
Amortization Expense Debit - $7.25 million
Patent Credit - $7.25 million
Answer: The secondary source on a topic may be biased because the information is translated and the text and information could be altered
Explanation:
For the case of a consumer with an inelastic demand curve, it is less costly to cater for them, hence reducing the production fixed cost. given that different customers will be charged differently for the same product, it is easy to cover for a low profit range.
