Answer:
The annual amortization expense for 2019 will be $35000.
Explanation:
The amortization expense for the patent calculated based on the useful life of patent. The purchase of value of $235000 plus $10000 gives the total value of $245000 while use the patent of 7 years.
The formula for amortization expense = (Cost of patent - Residual value ) / Useful life of patent)
amortization expense = ($245000-0)/7 = $35000
The legal life would not count due patent in business use for limited life compare to legal life of patent.
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C. $1,000
$1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal 1,000 dollars.
Melissa's characteristics that are not consistent with entrepreneurship is that Melissa tends to put things off until later.
<h3>What is entrepreneurship?</h3>
Entrepreneurship refers to the activity of setting up a business that takes financial risks in the hope of profit.
The missing options in the questions are
- Melissa has high self-confidence.
- Melissa tends to put things off until later.
- She is untroubled by uncertainty.
- She has a high need to achieve.
- She has a high energy level.
Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Melissa's characteristics that are not consistent with entrepreneurship are she tends to put things off until later.
Therefore, B is the correct option.
Learn more about Entrepreneurship here:
brainly.com/question/18203575
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Answer:
a. $169,800
Explanation:
As for the provided information we have,
Sales data, for each month
July $120,000
August $211,000
September $198,000
Cash receipt budgeted for September shall be:
36% of sale of the month of July = $120,000
36% = $43,200
60% of sale of the month of August = $211,000
60% = $126,600
Thus, total expected amount = $169,800
Therefore, correct option is
a. $169,800