Murphy Printers ​(MP) manufactures printers. Assume that MP recently paid $ 500 comma 000 for a patent on a new laser printer. Although it gives legal protection for 20​ years, the patent is expected to provide a competitive advantage for only eight years.
Requirements
1. Assuming the​ straight-line method of​ amortization, make journal entries to record​ (a) the purchase of the patent and​ (b) amortization for the first full year.
2. After using the patent for four ​years, MP learns at an industry trade show that another company is designing a more efficient printer. On the basis of this new​ information, MP​ decides, starting with year 5​, to amortize the remaining cost of the patent over two remaining​ years, giving the patent a total useful life of six years. Record amortization for year 5.

Answer:

$10,000

Explanation:

Calculation for Jose Reyes gain (loss) recognize from surrendering the endowment policy.

Endowment policy $50,000

Premium $35,000

Dividend $ 5,000

Hence:

Endowment policy $50,000 -Premium $35,000

=$15,000

$15,000 - Dividend $ 5,000

=$10,000

Therefore the gain (loss), if any that Jose recognize from surrendering the endowment policy will be $10,000

Answer:

a) $1,470 Debit –Wage Expense; $1,470 Credit –Wage Payable.

b) $4,410 Debit –Wage Expense; $1,470 Debit –Wage Payable

Explanation:

Remember, we are told each of the worker earns $210 per day. Therefore

a.To record accrued and current wages.Wages expense = 7 workers × 3 days × $210 = $4,410.

b. To record accrued wages four days Cash = 7 workers × 4 days × $210 = $5,880. For one day (7 workers × $210) = $1,470.

Answer:

A.-90

B.What I think of the option is that it will be extremely risky reason been that her expected value was a loss in (a).

Explanation:

Option on stock $150

Loss$650

Percentage 70 %

A.

150*.70= $105

100%-70%

=30%

-650*.30

= -195

$105 + (-195)

= -90

Therefore the expected value of the option's is losing 90

b.

What I think of the option is that it will be extremely risky reason been that her expected value was a loss in (a).

Answer:

A. 50 units

Explanation:

Break even point (units) = Fixed cost / (Selling price - Variable cost)

= $ 500 / ($ 60 - $ 50)

= $ 500/$10

= 50 units

The break-even point is derived by dividing the fixed costs of production by the price per unit - the variable costs of production. Break-even point is the level of production at which the costs of production equal the Income for the particular product

Answer:

The cost per equivalent unit of materials is $2.28

Explanation:

The Concept of Equivalent units measures the number of units complete to the extent of the input elements added during production.

The FIFO method in Process costing Accounts for Costs only incurred during the Manufacturing Period. Also, The Opening Work In Process is Assumed to be completed first.

The First Step is to Calculate the Total Equivalent Units of Production for Raw Materials :

To finish Opening Work In Process (34,000 × 0%)         =        0

Started and Completed ((153,000 - 34,000) × 100% )     =  119,000

Closing Work In Process (34,500 × 100%)                       =   34,500

Total Equivalent Units of Production                               =   153,500

The Next and Final Step is to calculate the cost per equivalent unit of materials.

Cost per equivalent unit = Total Cost During the Current Period / Total Equivalent Units of Production

                                           = $349,625 / 153,500

                                           = $2.2776872

                                           = $2.28 (2 decimal places)

Conclusion :

The cost per equivalent unit of materials is $2.28

Answer:

$84,880

Explanation:

Since there is a decrease in inventory from $254,600 to $143,072 i.e $111,528 and the account payable is also decreased by $26,648

So, there is an increase in cash flow due to the change in net working capital of

= Decrease in inventory - decrease in account payable

=  $111,528 - $26,648

= $84,880

Hence, the cash flow impact is of $84,880 i.e to be included in the initial investment

Answer:  a physical inventory count should be taken at least annually

Explanation: That an inventory is perpetual does not discount the need for taking physical inventory at least once a year. This is important because it helps in the identification of shrinkage or shortages and to also test the accuracy of the perpetual records under use. Now, a perpetual inventory is a kind of inventory that tracks and records continuously, items as they are added to or subtracted from the inventory thus keeping it updated and aids in keeping the track of the cost of goods bought and sold.

Answer:

Queensland Wale -18%

New South Wales-21%

The manager of New South seems to be doing  a better job with a higher return on investment of 21%

Explanation:

Return on investment stated in terms of margin and turnover combines the margin formula and the asset the turnover formula as below:

Return on investment=Net operating income/sales*sales/average operating assets:

Queensland Wales:

Net operating income is $360,000

sales is $4,000,000

average operating assets is $2,000,000

return on investment=$360,000/$4000,000*$4000,000/$2000,0=18%

New South :

Net operating income is $420,000

sales is $7,000,000

average operating assets is $2,000,000

return on investment=$420,000/$7000,000*$7000,000/$2000,000=21%

Answer:

c. the media channel used is inappropriate.

Explanation:

In the advert been shown, naturally as it is been stated to be that which has to portray or exhibit the qualities of a cool kid. And as a cool kid, as the words align, their could be other forms of play or kid plays to be done to qualify a child within the range of 3 to 13 as a cool kid. Therefore at the end of the day and session, it could easily be concluded that the media channel obviously inappropriate approach to their in their advertisement. It is looks a little weird because a ramp usage can be seen in scenarios where maybe stubborn or rough children are been gathered or play together at.

Answer:

The multiple choices are:

a. $200 Million

b. $50 Million

c. $1.4 Billion

d. $100 Million

The correct option is A,$200 million

Explanation:

The increase in cash recorded from the statement of cash flows prepared in the year plus the opening balance of cash at the beginning of the year gives the cash balance at the end of the year shown below:

Increase in cash in the year=cash flow from operations+cash flow from financing activities-cash flow used on investing activities

increase in cash in the year=$325+($500-$100)-$600=$125  million

cash at the end of the year=$125 +$75=$200 million

Answer:

$24

Explanation:

We can say the Optimal combination of inputs can be expressed as the ratio of marginal productivity of labor to the marginal productivity of capital is equal to the ratio of price of labor(wage) to the price of capital(RENT).

Lets denote:

marginal productivity of labor = MPL

marginal productivity of capital = MPC  

Wage= W

Rent= R

Then the formula will be

[tex]\frac{MPL}{MPC}=\frac{W}{R}[/tex]

Workings:

Lets put in the values in the formula

[tex]\frac{15}{45} = \frac{8}{R}[/tex]

We have to find out R(Rent)

R= 8x3

R= $24

Answer:

Current yield is 6.35%

YTM is 6.40%

Effective annual yield is 6.50%

Explanation:

Current yield =coupon amount/price=6.3%*$1000/$1000*99.2%=6.35%

Yield to maturity can be computed using excel rate formula as below:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon payments of the bond which is 13*2

pmt is the annual coupon=6.3%*$1000=$63/2=$31.5

pv is the current price=99.2%*$1000=$992

fv is the face value of $1000

=rate(13*2,31.5,-992,1000)=3.20%

Semiannual yield =3.20%

annual yield=3.20%*2=6.40%

effective annual yield=(1+YTM/2)^2-1

effective annual yield=(1+6.40%/2)^2-1=6.50%

Answer:

For X = $7,130

For Y = $9,690

Explanation:

The calculation of investment in stock X and stock Y is shown below:-

We assume the weight of investment in stock x = x

Expected return = Weight of x × Return of x + Weight of y × Return of y

12.15 = x × 15 + (1 - x) × 10

12.15 = 15x + 10 - 10x

x = (12.15 - 10) ÷ 5

x = 43%

Investment in stock Y = 100 - 43

= 57%

Now,

Dollar Investment in x = Stock investment × Expected return

= $17,000 × 43%

= $7,130

Dollar Investment in x = Stock investment × Expected return

= $17,000 × 57%

= $9,690

So, we have applied the above formula.

Answer:

a) Market Value = $100 million × $20 = $2,000 million = $2 billion

Market value of equity would remain same = $2 billion

b) Market value would remain same after recap. Only market capitalization would reduce to half.

Market value of equity = 1 billion

c) Buying back shares increases the stock price which demonstrates the faith of the company in its work. But creditors have capital gains.

d) After recap and cash flow firm total value has increased to $2 billion + $100 Million = $2.1 billion and market value of equity has increased from $20 to $22 . ($1000 + $100)/50 = $22.

e) Equity shareholders have gained due to increase in there share value

Explanation:

Answer and Explanation:

The indication and effect of each transaction are as follows

Particulars                                  Element       Item     Direction

1. Received cash in exchange

for common stock, $18,000.          Asset     Cash     Increases

                                                   Common Stock      Increases

It increased both assets and the common stock

2. Paid advertising expense,

$4,850.                           Expense Advertising Expense Increases

                                         Asset                  Cash                 Decreases

It increased the expenses and reduced the assets

3. Purchased supplies on account,

$2,100.                                          Asset   Supplies Increases

                                                      Liability Accounts Payable Increases

It increased the assets and also increased the liabilities

4. Billed customers for delivery

services on account, $14,700. Asset   Accounts Receivable   Increases

                                                  Revenue Delivery Service Fees Increases

It increased the assets and the revenue is also increased

5. Received cash from

customers on account, $8,200.  Asset     Cash       Increases

                                              Asset    Accounts Receivable Decreases

It increased the assets in cash but it reduced the assets i.e account receivable

Answer: I took this class, these are the answers

Explanation:

The indication and effect of each transaction are as follows

Particulars                                  Element       Item     Direction

1. Received cash in exchange

for common stock, $18,000.          Asset     Cash     Increases

                                                  Common Stock      Increases

It increased both assets and the common stock

2. Paid advertising expense,

$4,850.                           Expense Advertising Expense Increases

                                        Asset                  Cash                 Decreases

It increased the expenses and reduced the assets

3. Purchased supplies on account,

$2,100.                                          Asset   Supplies Increases

                                                     Liability Accounts Payable Increases

It increased the assets and also increased the liabilities

4. Billed customers for delivery

services on account, $14,700. Asset   Accounts Receivable   Increases

                                                 Revenue Delivery Service Fees Increases

It increased the assets and the revenue is also increased

5. Received cash from

customers on account, $8,200.  Asset     Cash       Increases

                                             Asset    Accounts Receivable Decreases

It increased the assets in cash but it reduced the assets i.e account receivable

Answer:

1. According to the case study (copy attached) "the upcoming technology that will be used in retail stores to improve customer service is the Scan As You Go Mobile Devices".

2. It is currently being used by sales officers in some shopping malls to scan items on the spot and let customers pay without going through the cash registers.

It is also being used to help customers take advantage of discounts and coupons on items being purchased. The effect is that customers spend 10% when they shop using this technology.

3. In the future, the customers will be able to check out using their smartphones.

4. According to the case study, the technology referred to in 3 above is already pioneered by Apple Stores.

Cheers!

Answer:

                          Ayayai Corp.

      Statement of Comprehensive Income

            For the Year Ended xxx, 202x

Net income                                                $187,500

Other comprehensive income:

Unrealized gain on AFS securities           $85,000

Comprehensive income                          $272,500

Explanation:

In order to prepare a statement of comprehensive income we first need to determine net income after taxes = $250,000 x (1 - 25%) = $187,500

Unrealized gains or losses are not taxed until they are actually realized (either make profit or lose money).

Answer:

The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50

Explanation:

Using LIFO,last-in-first-out  method of inventory valuation,items received last into the store are deemed to be sold first, hence the sales of 10 units on March 1 was the inventory purchased on February 28, leaving the items of inventory purchased on January 3 as closing inventory

value of closing inventory using LIFO=10*$5=$50

Answer:

The Productisation produce is:

1. Ideation/Conceptualisation

This has to do with the generation of a product or service idea;

2. Research / Concept Testing Stage / Analysis

This stage has to do with the research around the idea to determine the availability of market for the product, size and target segment within the market, Growth Potential, competition analysis and current and potential issues that may arise due to the creation of the product;

As a substage of the research phase, a business analysis of the viability of the product is also carried out. this will entail  

3.    Design/Creation of Prototype/Development

For physical products, this stage will look at on-paper design from which a prototype will be created.

After testing to ensure that the prototype works, it is then sent for development. This stage also involves market tests.

4. Launch

This is the final stage of the product development process.

It entails all the go-to-market activities such as market plan execution, sales/production training, execution of distribution plan.

It is possible at this stage to still collect product-related feedback from the market for consideration in the upgrade version of the product to be launched at a later date.

Cheers!

Answer:

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

The costs of air and water pollution

The variety of goods available to consumers

It increases investment spending by businesses

Decreasing net export

No change

Explanation:

Gross domestic product is the sum of the goods and services produced in an economy within a given period which is usually a year.

Gross domestic product calculated using the expenditure approach = Consumption spending + Investment spending + net export + government spending

Items not included in the calculation of GDP:

1. Intermediate goods

2. Externalities e.g. pollution

3. Measures of welfare available to individuals

4. Transactions not reported to the government.

Funds spent by city governments to renovate their buildings are included in GDP as part of investment spending.

Purchase of automative parts would be included in GDP as part of investment spending. So investment spending would rise. Also, it would be recorded as an import and import is a negative function of GDP and thus net export would decrease . As a result, the increase in investment spending would be offset by the decrease in net export and there would be no change in GDP

I hope my answer helps you

Answer:

The percentage change in real GDP is 2.93%

Real economic growth rate

Explanation:

The percentage in real GDP between year 2017 and 2018 can be computed using the below formula:

% change in real GDP=2018 real GDP-2017 real GDP/2017 real GDP

2017 real GDP is 18,108.1

2018 real GDP is 18,638.2

% change in real GDP=(18,638.2- 18,108.1)/ 18,108.1=2.93%

This percentage change in real GDP is also known as real economic growth rate.Economic growth rate is the rate of improvement in the economy with respect to additional value-adding goods and services produced by an economy with viz-a-viz the prior year

Answer: The answer has been attached below

Explanation:

The question says we should prepare Lipman Auto Parts cash budget for January and February.

A cash budget is a budget of expected cash receipts and the disbursements during a period. The cash inflows and cash outflows include revenues collected, the expenses paid, and the loans receipts and payments. A cash budget is an estimated projection of a company's cash position in the future.

Lipman Auto Parts cash budget for January and February has been solved and attached.

Answer:

A pdf file is attached to show the effect of each transaction on accounting equation, Please find it.

Explanation:

Accounting equation is

Assets = Equity + Liabilities

a.

The services are performed on account means that the revenue of $36,000 is recorded against the receivable of the same value.

b.

Receiving cash will increases the cash balance as an asset and reduces the  receivable value.

c.

Bike Equipment are assets and it will increase the value of assets and Note payable is a liability instrument which will increase the liabilities.

d.

Utilities payment will decrease the cash in the assets section and reduce the equity balance as an expense.

Answer:

The total cost to be accounted for under the weighted-average method is $166,000

Explanation:

Okamura Corporation Partial Manufacturing Account

                         Particulars                                Amount

Cost of ending work in process inventory      $18,000

Add: Cost of units transferred out                   $148,000

Total cost accounted for                                  $166,000

The total cost to be accounted for under the weighted-average method is $166,000

Answer:

There is a loss on disposal of $80

Explanation:

The double declining rate method of depreciation is an accelerated form of charging depreciation on an asset. It charges higher depreciation in the earlier years and lower depreciation in the later years of the useful life of the asset. the formula for double declining balance depreciation per year is,

Depreciation expense = 2 * [ (Cost - Accumulated depreciation) / estimated useful life of the asset ]

The depreciation expense per year on this asset is,

Depreciation expense = 2 * [(104000 - 0) / 5]

Depreciation expense for the 1 year(2021) = $41600

As the asset was purchased in September, we will charge a depreciation expense of 4 months.

Depreciation expense for 2021 = 31600 * 4/12   = $13866.67

Accumulated depreciation at the end of 2021 = $13866.67

Depreciation expense for 2nd year (2022) = 2 * [(104000 - 13866.67) / 5]

Depreciation expense for 2nd year (2022) = $36053.33

Accumulated depreciation at the end of 2022 = 13866.67 + 36053.33

Accumulated depreciation at the end of 2022 = $49920

To calculate the gain or loss on disposal, we need to determine the Net Book value of the asset at the end of 2022 and compare it with the cash received from the sale. If the cash received is more than the Net Book Value, there is a gain on disposal and if the cash received is less than the Net Book Value, there is a loss on disposal.

Net Book value at the end of 2022 = 104000 - 49920   = $54080

Loss on disposal = 54000 - 54080  =  - $80 (loss on disposal)

The loss on the sale of the asset is $2,160.

There would be a loss on the sale of the asset is the book value of the asset is greater than the selling price of the asset.

Depreciation is a method used to reduce the carrying value of an asset.

Double declining depreciation = (2/ useful life) x cost of the asset

Depreciation expense in 2021 = (2/5) x $104,000 = $41,600

3/12 x  $41,600 = $10,400

Book value in 2021 = $104,000 - $10,400 = $93,600

Depreciation expense in 2022 = (2/5) x $93,600 = $37,440

Book value in 2022 =  $93,600 - $37,440 = $56,160

Loss = $56,160 - $54,000.= $2,160

To learn more about depreciation, please check: https://brainly.com/question/25887124

Answer:

Customer type.

Explanation:

From the scenario described in the question above,   Gangsta Industries would benefit from departmentalization by type of consumer.

In this type of departmentalization, the company groups its activities according to its common customer base, or the types of customers that the organization serves.

This is a strategy that enables the company to better serve a group of specific customers based on their problems, needs and preferences, which results in a more targeted and effective service.

Answer:

The journal entries will look as follows:

Explanation:

Date        Particulars                                Dr ($)            Cr ($)              

Apr 10     Investments - Dixon (w.1.)      183,695

               Cash (w.1.)                                                     183.695

               (To record total value of investment in Dixon Company.)    

July 8      Cash                                           3,420

               Dividend revenue (w.2.)                                 3,420

               (To record dividend revenue from Dixon Company shares.)

Sept. 10  Cash (w.3.)                                  81,925

               Loss on investment sold (w.5.) 20,128

               Investments - Dixon (w.4.)                            102,053

               (To record sales of investment in Dixon Company.)              

Workings:

w.1. Total value of investment in Dixon Company = (3,600 * $51) + $95 = $183,695

w.2. Dividend revenue = 3,600 * $0.95 = $3,420

w.3. = Cash = (2,000 * 41) - $75 = $81,925

w.4. Value of investment in Dixon = ($183,695 / $3,600) * 2,000 = $102,053

w.5. Loss on sale of investment = w.3. - w.4. = $102,053 - $81,925 = $20,128

Answer:

A) The issuance of the bonds.

January 1, 2017, bonds are issued

Dr Cash 612,000

    Cr Bonds payable 600,000

    Cr premium on bonds payable 12,000

B) The payment of interest and the related amortization on July 1, 2017.

July 1, 2017, first coupon is paid

Dr Interest expense 29,700

Dr Premium on bonds payable 300

    Cr Cash 30,000

C) The accrual of interest and the related amortization on December 31, 2017.

December 31, 2017, accrued interest payable

Dr Interest expense 29,700

    Cr interest payable 29,700

Explanation:

$600,000 of 10%, 20-year bonds at 102, interest is paid semiannually ($600,000 x 10% x 1/2 = $30,000)

straight line amortization method is used to amortize bond premium

bond premium = $12,000 / 40 coupons = $300 amortized with each coupon payment

Answer:

1. The board is meeting legal requirements but not its duty of care to shareholders.

Explanation:

During a Board of Directors meeting with CFO all conversations will be about strengthening the company and the organization's shareholders. Shareholders are also considered the entity's owners, so it is very important to comply with all the legal provisions in addition to increasing shareholders.

In this given situation, the board meets with CFO and asks in compliance with accounting standards, but asks little more about how the project aims to achieve the company's mission and strategy. Mission and plan describe the company's vision alongside the company's owners(shareholders) vision and benefits.

hence, the correct option is 1.

Answer:

Option b is correct.

Explanation:

The statement in option ''b" is the correct option for laying emphasis on the main idea and de-emphasizing the minor ideas, that is;

"First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal."

The above statement is a detailed one and shows the step by step instructions or requirements;

1." First, please make the changes to the SECOND SECTION of the proposal changes.''

The SECOND SECTION the writer mentioned lay emphasis on the second section of the proposal CHANGES AND NOT THE WHOLE.

2. "and then have Jane proofread the ENTIRE proposal"

The writer wants Jane to do the PROOFREADING of the ENTIRE proposal.