Answer:
Journal entries for the transactions are given below
Explanation:
1. Development of new product
DEBIT CREDIT
Research and development $24,000
Cash $24,000
2. Paid the plaintiff for losing patent
DEBIT CREDIT
Legal fee (expense) $8,000
Cash $8,000
3. Bought Equipment and signed non-interest bearing note
DEBIT CREDIT
Equipment Cash price $37,000
Discount on note payable $5,000
Cash paid $18,000
Note payable $24,000
4. Installed sprinkler system
DEBIT CREDIT
Sprinkler system $40,000
Cash $40,000
5. Plaintiff paid for successful infringement suit on its patent
DEBIT CREDIT
Patent $24,000
Cash $24,000
6. Bought New equipment and traded old one
DEBIT CREDIT
New Equipment $13,600
Accumulated depreciation $6,800
Loss on sale $3,400
Old Equipment $13,400
Cash $10,400
Working:
Accumulated depreciation = Original Cost - book value
Accumulated depreciation = $13,400 - $6,600
Accumulated depreciation = $6,800
Answer:
What will be the amount of this annuity payment?
$711.888
Explanation:
N Monthly principal interest Net value
5.000.000
1 711.888 361.888 350.000 4.638.112
2 711.888 387.220 324.668 4.250.893
3 711.888 414.325 297.562 3.836.568
4 711.888 443.328 268.560 3.393.240
5 711.888 474.361 237.527 2.918.879
6 711.888 507.566 204.322 2.411.313
7 711.888 543.096 168.792 1.868.218
8 711.888 581.112 130.775 1.287.106
9 711.888 621.790 90.097 665.315
10 711.888 665.315 46.572 (0)
Option (b), The salesperson is one of the most crucial in-store elements. The exchange theory, which emphasizes that each participant provides to the other and anticipates receiving something in return, can be used to explain this influence.
<h3>What does exchange theory actually mean?</h3>
According to the social exchange hypothesis, two people's relationships grow as a result of a process of cost-benefit analysis. In other words, it's a statistic designed to measure the amount of effort a person expends during a face-to-face conversation.
<h3>What are the basic tenets of the exchange theory?</h3>
The basic tenet of the theory of social trade is the concept of costs and benefits. This suggests that people's decisions and behaviors are influenced by their estimations of cost and reward. Costs are the unfavorable outcomes of a decision, including time, money, and energy. Social interactions produce benefits, which are rewards.
Learn more about exchange theory: brainly.com/question/29611150
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Answer:
$10.19 per share
Explanation:
With regards to the above, the basic earnings per common share is seen below;
Preferred dividend = Shares × Par value × Shares percentage
= 5,800 × $100 × 5%
= $29,000
So, basic earning per share = (Net income - Preferred dividend) ÷ Common shares
= ($620,000 - $29,000) ÷ 58,000
= $10.19 per share
Therefore, for 2021, basic earnings per common share amounted to $10.19
