All categories

2 years ago

I WILL MARK THE BRAINLIST IF ANSWERED :)

Business

1 answer:

Mazyrski [523]2 years ago

5 0

Answer:

it would be A the two forms are: Partnership & Corporation

Explanation:

please give me brainlist, like you said

You might be interested in

On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware

xxMikexx [17]

Answer:

1. Prepare the journal entries to record the development costs in 2021 and 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

December 31, 2021

Dr Research and development expenses 2,300,000

Cr Cash 2,300,000

February 28, 2022

Dr Research and development expenses 900,000

Cr Cash 900,000

April 30, 2022

Dr Software development 500,000

Cr Cash 500,000

2. Calculate the required amortization for 2022. (Enter your answer in whole dollars.)

$66,667 (8 months, from May to December)

Explanation:

development costs:

September 30, 2021 to December 31, 2021 = $2,300,000

January 1, 2022 to February 28, 2022 = $900,000

R&D costs that must be expensed = $3,200,000

R&D costs that can be capitalized (after technological feasibility is obtained) = $500,000

Software developing companies can capitalize costs incurred after technological feasibility but before the software is launched.

Capitalized costs can be amortized over 60 months:

$500,000 x 8/60 = $66,666.67

6 0

3 years ago

Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system require

MrRissso [65]

Answer:

a. 4 years

b. 5 years

Explanation:

The payback period is the time taken for the cash inflows from an investment to equal to the initial cash outflow or amount invested. To get this, the cash inflow are deducted from the outflows until the net is zero.

Considering both expected cash flows (all amounts in $);

Period Initial out flow Inflow Balance Inflow Balance

Year 0 (1,200,000) 0 (1,200,000) 0 (1,200,000)

Year 1 300,000 (900,000) 150,000 (1,050,000)

Year 2 300,000 (600,000) 150,000 (1,050,000)

Year 3 300,000 (300,000) 400,000 (1,050,000)

Year 4 300,000 0 400,000 (1,050,000)

Year 5 100,000 (1,050,000)

From the table above, with an inflow of $300,000 yearly, the inflows would equal the total outflow in 4 years while the annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000 would make the inflows equal to the outflows in 5 years.

3 0

3 years ago

Read 2 more answers

The accounting cycle starts with a.closing out the periodic accounts. b.recording the transaction based on the information in a

saul85 [17]

Answer:

letter b, recording the transaction based on the information in a source document

Explanation:

The "Accounting Cycle" follows a series of steps in order to assist the accounting transactions of a company or business. It starts with the "Transaction step" (the first step) where the source documents have to be examined in order to analyzed transactions. This also includes the recording of the transaction in the journal.

This step is followed by Posting the Entries into the Ledger Accounts, Preparing the Unadjusted Trial Balance, Adjusting the Journal Entries, Preparing the Adjusted Trial Balance, Recording Reversing Entries, Preparing Post-Closing Trial Balance, Record Closing of Entries and Preparing Financial Statements.

6 0

3 years ago

Suppose a firm’s managers receive bonuses that increase with the size of the firm’s ROE, which was 30% last year and is forecast

kherson [118]

Answer:

.b. The new project should be rejected because, if it is accepted, the firm's ROE will decline from 30% because the new ROE will be a weighted average of the old 30% and the 20% returns on the new investment

Explanation:

ROE means return on equity

ROE = Net income / shareholders equity

A project should be undertaken if the ROE of the project is greater than the cost of equity

3 0

3 years ago

Consider the economy of a small country that has capital stock equal to 900 units. It saves 20% of its output with a depreciatio

Ganezh [65]

Answer:

Option (d) is correct.

Explanation:

Given that,

Capital stock = 900 units

Saves 20% of its output

Depreciation rate = 10%

Production function, Y = $k^{\frac{1}{2}}$

= (900)^{\frac{1}{2}}

= 30 units

Therefore, the savings is as follows,

= 20% of output

= 0.2 × 30 units

= 6 units

Hence, the savings is equal to the investment for this small economy or country.

Investment = 6 units

8 0

3 years ago