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meriva
2 years ago
12

What is Postage(in accounts)​

Business
1 answer:
Karo-lina-s [1.5K]2 years ago
6 0

<em>To recognize a transaction on an account. For example, if one writes a check for $100 and $100 is deducted from that account three days later, the transaction is set to post on the third day.</em>

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On January 1, 2017, Sheridan Company had a balance of $417,000 of goodwill on its balance sheet that resulted from the purchase
Thepotemich [5.8K]

Answer:

patent      301,350 debit

       cash                 301,350 credit

franchise 633,600 debit

        cash               633,600 credit

development expense   189,000 debit

         cash                                    189,000 credit

year-end adjustment:

amortization expense   50,225 debit

         patent                                  50,225 credit

amortization expense   31,680‬ debit

         patent                                  31,680‬ credit

Explanation:

The patent and franchise will be activate as there is a certain possibility to produce positive cashflow in the future.

They will be adjusted at year-end for amortization:

301,350 / 6 = 50,225 amortization on patent

633,600 / 10 = 63,360 amortization on franchise

As it was concede on July 1st then, we will do half-year

63,360 / 2 = 31,680‬

The development cost will be treated as expense as there is no precise information that can determined the development cost which yield a positive outcome.

8 0
3 years ago
Assume that on July 1, 2018, Togo's Sandwiches issues a $2.97 million, one-year note. Interest is payable at maturity.
allsm [11]

Answer:

7% interest at Cec-31 for 6 months:

Dr Interest  expense(7%*$2,970,000*6/12) $ 103,950

Cr Interest payable                                                          $103,950

9% interest at Sept 30 for 3 months:

Dr Interest  expense(9%*$2,970,000*3/12) $66,825

Cr Interest payable                                                          $66,825

6% interest at Oct 31 for 4 months:

Dr Interest  expense(6%*$2,970,000*4/12) $ 59,400

Cr Interest payable                                                          $59,400

8% interest at Jan 31 for 7 months:

Dr Interest  expense(8%*$2,970,000*7/12) $138,600  

Cr Interest payable                                                          $ 138,600

Explanation:

The rationale for debiting interest expense is that is an expense account and increase in expense is normally debited to expense account while interest payable account is credited as the interest obligations are yet discharged by a way of paying cash to investors

5 0
3 years ago
Four different challenges
Helga [31]

Answer:

How you become a good Project Manager?

You become a good project manager by making a good ans sound decision, able to work under pressure with little or no supervision, explore opportunities and have an astute skill to lead.

How to manage projects in a complex society?

Managing projects in a complex society entails keeping to time and delivering on time too. By so doing, more projects comes in as no one desire a delay in business and handling of his projects.

How to manage people to ensure a successful project team?

Good and prompt supervision making, conducting trainings to equip staff to be able to deliver the exact requirement to make business smooth.

How to understand the context of complexity of your project?

As no one jumps into becoming a project manager, it requires a process in which the operation and handling of challenges in a projects is known. Understanding the complexity of projects requires studying the projects knowing the cost and in total wha

3 0
3 years ago
Broker Barb takes out a two-page color full-page ad in the weekend paper of her listed properties. What form of advertisement is
romanna [79]

It is the form of product advertisement.

<h3>What is a product advertisement?</h3>
  • Product advertising promotes a specific product of a brand rather than the brand itself.
  • These advertising emphasize product characteristics and benefits rather than brand reputation or brand awareness.
  • Direct mail, comparative, cooperative, informational, and outdoor advertising are some kinds of product advertising.
  • Television, radio, print, websites, social media, outdoor/billboards, and digital placement are all examples of advertising channels.
  • Broker Barb advertises her listed homes in the weekend paper with a two-page color full-page ad, which is also a type of product advertising.

Therefore, in the given situation it is the form of product advertisement.

Know more about product advertisements here:

brainly.com/question/1658517

#SPJ4

7 0
2 years ago
What are the benefits of naming a secondary beneficiary in a will? Check all that apply. It could prevent a will from going into
Gnom [1K]

Answer:

• It could prevent a will from going into probate

•It avoids confusion if the primary beneficiary on dies first

•It allows for another option if the primary beneficiary cannot inherit it

Explanation:

A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.

Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .

7 0
3 years ago
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