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3 years ago

Should you feel bad about quitting your job for more money when you like your job

1 answer:

3 0

Maybe if your new job is extremely boring or affects you in some way. But you shouldn’t feel bad since money can get you through rent and taxes and so on

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Amortization Entries Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life e

iogann1982 [59]

Answer:

a. The patent amortization expense for Year 4 ended December 31 is $357,600.

b. Debit Amortization expense for $357,600; and Credit Accumulated amortization - Patent for $357,600.

Explanation:

Patent acquisition cost = $2,800,000

Number of years to use for amortization patent acquisition cost = Useful life equal = Legal life = 8

Lawsuit at a cost = $38,000

Number of years to amortize the lawsuit cost = Number of years to use for amortization – Numbers of years from January Year 1 to January Year 4 = 8 – 3 = 5

Therefore, we can now have:

a. Determine the patent amortization expense for Year 4 ended December 31.

Patent amortization expense for Year 4 = (Patent acquisition cost / Number of years to use for amortization patent acquisition cost) + (Lawsuit cost / Number of years to amortize the lawsuit cost) = ($2,800,000 / 8) + ($38,000 / 5) = $357,600

Therefore, the patent amortization expense for Year 4 ended December 31 is $357,600.

b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization.

The journal entry will look as follows:

Details Debit ($) Credit ($)

Amortization expense 357,600

Accumulated amortization - Patent 357,600

(To record Patent amortization.)

3 0

3 years ago

Sandhill Company issued $2,400,000 of 10%, 10-year bonds on January 1, 2017, at 103. Interest is payable semiannually on July 1

hjlf

Answer:

rnal entries to record the following. (Credit account titles are automatically indented when the am

Explanation:

7 0

3 years ago

jerry is beginning a marketing research project. one of the six steps of marketing research is to

LenaWriter [7]

One of the 6 steps in marketing research I would say is demographics ie what is the demographic of the target population one is gearing one's enterprise or product to? In other words, is it mostly seniors, or mostly youth, and is it working class or upper class, for examples.

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3 years ago

Jonathan, a salesperson for a food processor manufacturing company, is selling his company's new juicer to prospective customers

kondor19780726 [428]

OPTIONS:

(A) A time objection

(B) A price objection

(D) A product objection

(E) A source objection

Answer:

D.) A product objection

Explanation:

When trying to sell a product to a prospective customer, there are several concerns raised by the prospective customer as a reason why they seem not willing to purchase such product or service being proposed to them. These concerns that make prospective customers to make a purchase is what is referred to as objections in marketing.

There are several types of objections that can be raised, one of which is referred to as product objection.

Product objection has to do with any concern raised about the product which prospective customers give as reason why they are not willing to make a purchase. In the case described in the question above, the concern that Jonathan's prospects are raising is related to the nature of the product as they are not willing to make a purchase because the Juicer is too bulky and is not easy to clean. It is not a time, price, need, nor a source objection. It is a product objection.

6 0

3 years ago

Read 2 more answers

The following are held by Smite Co.

Valentin [98]

Answer:

D) $27, 200

Explanation:

Cash in the checking account and petty cash are considered cash directly. Cash equivalents are securities that can be converted into cash within a 90 day period.

cash and cash equivalents are = checking account + petty cash + commercial paper = $20,000 + $200 + $7,000 = $27,200

7 0

3 years ago