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Tju [1.3M]
2 years ago
13

2+2=??????????????????/

Business
1 answer:
kvasek [131]2 years ago
5 0

Answer:

4

Explanation:

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On January 2, 2016, Alpha Company purchased a patent for $38,500 plus $2,000 in legal fees. On that date, the patent had a remai
Fittoniya [83]

Answer:

General Journal entry:

Account                                     Debit                             Credit

Amortization expense              $6,750

Accumulated Amortization                                              $6,750

(patent)

Explanation:

Given Data:

Price of patent=$38,500

Legal fees=$2,000

legal Life=13 years

useful life=6 years

Required:

Journal Entry

Solution:

Amortization:

For intangible assets, amortization is the decrease in book value over the period of time. However intangible assets have no physical appearance and they do not face any damage like fixed assets but with the passage of time their value decrease.

Calculating amortization expense for one year:

Amortization expense=\frac{Purchase\ Price+Legal\ Fees}{Useful\ Life}

Amortization\ expense=\frac{\$38,500+\$2000}{6}\\ Amortization\ expense=\$6,750

General Journal entry:

Account                                     Debit                             Credit

Amortization expense              $6,750

Accumulated Amortization                                              $6,750

(patent)

7 0
3 years ago
The ABC Company is having a meeting about a possible merger with the XYZ Company. The ABC Company sent one executive to handle t
iVinArrow [24]

Answer:

Individualistic

Explanation:

Individualistic mindset focuses on the individual and gives them more emphasis than the group.

The opposite of individualism is collectivism or group mentality which emphasise the group over the individual.

To discuss the merger between the two companies, ABC company only sent one person while XYZ company sent 5 people from different departments.

ABC is most likely have a individualistic mindset and they feel one person can handle the negotiation.

On the other hand XYZ sent representatives from each department. This shows the organisation has to agree to the deal so all departments are involved.

8 0
3 years ago
Suppose a​ student-athlete has the opportunity to earn ​$600,000 next year playing for a minor league baseball​ team, ​$100,000
mafiozo [28]

Answer:

it's 0

Explanation:

hes returning to college and making zero money

5 0
3 years ago
The marketing channels for services are usually Group of answer choices characterized by two to three intermediaries. complex an
Anna71 [15]

Answer:

direct from provider to customer

Explanation:

Service industry is different from the product industry in terms of the marketing channels used. While the product marketing includes thorough examination of possible marketing channels, the service industry has a main marketing channel concept - providing service directly from the provider to customer.

6 0
3 years ago
Your company's human resource manager is away from the office on vacation, and you have four open positions to fill in your depa
DaniilM [7]

Answer:

An interview

Explanation:

  • Job interviewing is one of the most common methods companies use to recruit new candidates. The interview involves a conversation between prospective candidates and recruiting firm members, usually one candidate at a time.
  • However, there may be one or more members of the interview panel. Through the interview, the candidate's communication skills can be tested as there is an interaction between the interviewer and the interviewer
5 0
3 years ago
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