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=
General Journal entry:
Account Debit Credit
Amortization expense $6,750
Accumulated Amortization $6,750
(patent)
Answer: Investors expected the earnings increase to be smaller than what was actually announced.
Explanation:
Abnormal return on an asset such as stock refers to the difference between actual returns and expected returns. As such, if it is positive, that would mean that the actual returns are/ will be higher than the expected/anticipated returns.
TYR had an abnormal return of 3.7% which would mean that the the 35% lower fourth-quarter earnings was higher than investors expected from TYR.
<h2>Answer : Option A) 1 foot/second</h2><h3>Explanation :</h3>
If we consider that the plates are placed 2 ft apart and there has to be 1800 meals that needs to be delivered in an hour.
so if we multiply 2 ft and 1800 meals that is delivered in 1 hour,we get 2 X 1800 = 3600 meals in an hour.
If we try to accommodate the plates at each ft then there will be 3600 meals delivered in 1 hour.
we know that 1 hour has 3600 seconds in it.
So, here the distance is 1 ft, and speed has to be determined time is 1 hour = 3600 seconds
3600 meals / 3600 seconds = 1 foot per second.
OR 1800 meals set at 2 ft apart in 3600 seconds will give the speed of the belt as 1 foot per second.
(1 ft = speed X 1 hour)
<h2>so, the speed also will be 1 foot per second. </h2>
Answer:
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