Answer:
True.
Explanation:
A business can choose to pay their employees a salary of 1. Weekly 2. Bi-weekly 3. Bi-monthly 4. Monthly. The longer the time for each paycheck, means that you will get payed more each paycheck but less frequently.
Answer:
Different types of management systems ranging from the point-of-sale systems, accounting systems, lead management, e-commerce, communication systems, and project management solutions are available to small businesses for the smooth running of operations.
Explanation:
Answer:
the economic order quantity is 845 units
Explanation:
The computation of the economic order quantity is shown below;
As we know that
Economic order quantity is
= √2 × √annual demand × √ordering cost ÷ √carrying cost
= (√2 × √6750 × √$225) ÷ (√4.25)
= √3,037,500 ÷ √4.25
= √7,14,705.88
= 845 units
Hence, the economic order quantity is 845 units
Answer:
Original Cost = $26.10
Annual Amortization (Old) = $26.10 / 9 years
Annual Amortization (Old) = $2.9 million
Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million
Unamortized Value = $26.10 million - $11.6 million
Unamortized Value = $14.5 million
Remaining Life = 6 - 4
Remaining Life = 2 Years
New Amortization = Unamortized Value/Remaining Life
New Amortization = $14.5/2
New Amortization = $7.25 million
Journal Entry
Amortization Expense Debit - $7.25 million
Patent Credit - $7.25 million