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creativ13 [48]
2 years ago
5

Sheffield Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $145

,000 Cost of testing in search for product alternatives 92,000 Cost of engineering activity required to advance the design of a product to the manufacturing stage 240,000 $477,000 Prepare the necessary 2020 journal entry or entries for Sheffield.
Business
1 answer:
Stells [14]2 years ago
8 0

Answer: Debit Research and Development expense $477,000

Credit Cash $477,000

Explanation:

The journal entry simply refers to the recording of transactions that a company makes and it should be noted that the total amount that's gotten in the debit column must be equal to the total amount that us gotten in the credit column.

Based on the information given in the question, the journal entry for Sheffield Corporation will be:

Debit Research and Development expense $477,000

Credit Cash $477,000

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Goryan [66]

<u>Children's construction sets</u><u> is the primary product focus for the </u><u>lego </u><u>company.</u>

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What is the strategy of LEGO?

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Does LEGO use differentiation strategy?

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Why is LEGO so successful?

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1 year ago
When supply increases, the supply curve
MariettaO [177]

When supply increases, the supply curve  shifts to the right.

<h3>What is the supply curve?</h3>

This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.

Hence this answers our question by saying that When supply increases, the supply curve  shifts to the right.

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Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25
Zolol [24]

Answer:

D. -4/5

Explanation:

Given that

Wage rate = $20 per hour

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r = rental cost of capital.

Thus,

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Note that, the negative of the ratio is the price of the two inputs. Also isocost is a line showing the various combinations of inputs which cost the same amount.

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3 years ago
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Anna11 [10]

Answer:

The cost basis for the land is equal under both options.

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I would think the answer is C.

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