In January 2020, Ford Co. purchased a patent from a research institution for $400,000. The patent was estimated to have a useful life of 12 years. In December 2021, Ford Co. defended the patent in legal proceedings and successfully retained rights of ownership of the patent. The estimated life of the patent did not change from its original estimate. Legal expenses were $32,000. Determine the carrying value of the patent on December 31, 2021. Note: Carry all decimals in calculations; round the final answer to the nearest dollar

Answers

Answer 1

The carrying value of Ford Co.'s patent on December 31, 2021, is equal to $362,424.

Data and Calculations:

Cost of patent purchased in January 2020 = $400,000

Estimated useful life = 12 years

Annual amortization expense = $33,333.33 ($400,000/12)

Accumulated Amortization on December 31, 2020 = $33,333.33

Carrying value on December 31, 2020 = $366,666.67 ($400,000 - $33,333.33)

Capitalized legal expenses to defense title = $32,000

New value of patent = $398,666.67 ($366,666.67 + $32,000)

Remaining useful life of patent = 11 years

New annual amortization expense = $36,242.42 ($398,666.67/11)

Carrying value of patent on December 31, 2021 = $362,424.25 ($366,666.67 - $36,242.42)

Therefore, the accumulated Amortization on Dec. 31, 2021 is $69,575.75 ($33,333.33 + $36,242.42).

Thus, the carrying value of Ford Co.'s patent on December 31, 2021 is equal to $362,424.25 ($400,000 + $32,000 - $69,575.75).

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the linkers be like I got you.

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One time rights.

Explanation:

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Dealers

Explanation:

If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:

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Answer:

8.0 percent

Explanation:

To find the unemployment rate you:

Divide the number of people unemployed by the number of people in labor force (Employed and Unemployed)Then, multiply the number by 100

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The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market

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The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market

Answer: Contract

Question 3 of 10
What is the main purpose of a credit bureau?
A. To consolidate credit card debt
B. To collect and report credit information
C. To get borrowers the best interest rate
D. To provide easy credit
SHIRE

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Credit bureaus provide some of the information creditors and lenders use to help them make important lending decisions. While credit bureaus collect credit information in order to make it available to certain third parties, the decision to deny or approve someone credit ultimately lies with the lender or creditor.

The main purpose of a credit bureau is B. To collect and report credit information

What is the purpose of the credit bureau system?

It collects information from a wide variety of financial and nonfinancial entities, including microfinance institutions and credit card companies, and provides comprehensive consumer credit information with value-added services such as credit scores to private lenders.

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True or false: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.

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True: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.

Social shopping is the use of social media by customers to share experience among themselves. This may even include the sending of e-mails to specific customers about new products that may be of interest to them.

Social shopping allow customers to discuss, share, and shop thereby sharing ideas among one another.

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An initial investment of $14,000 is appreciated for 14 years in an account that earns 12% interest, compounded semiannually. Find the amount of money in the account at the end of the period.

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Answer:

344

Explanation:

duh ifc! hope it helped

Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted debit balance. The adjusting entry to record estimated bad debts includes a ______. (Select all that apply.)

Answers

Based on the information given the appropriate adjusting entry to record estimated bad debts includes a:

Debit to bad debt expense of $1,000

Credit to allowance for doubtful accounts of $1,000

Adjusting journal entries

Debit Bad debt expense $1,000

Credit Allowance for doubtful accounts $1,000

(1%×$100,000)

(To record estimated bad debts)

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Answer:

credit to Allowance for Doubtful Accounts of $1,000

debit to Bad Dept Expense of $1,000

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Answers

Answer:

c reasearch the company

Explanation:

Answer:

C is correct

Explanation:

i took the test

A limited resource of some type that restricts the company's ability to satisfy demand is a(n) ______.

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Answer:

constraint

Explanation:

......................

Answer:

constraint

Explanation:

when a limited resource of some type restricts the company's ability to satisfy demand. The correct measure to look at when handling a constraint.

I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.​

Answers

I think it might be tailor

Hello student

Answer:

Tailor is tertiary activity of economy

Explanation:

because it makes service not manufacturing goods and items.

bonds that require payment of the full principle amount of the bond at the end of the loan term are referred to as

Answers

The type of bonds which requires payment of the full principal amount of the bond at the end of the loan term is known as Term bond.

The Term bond are debt securities which are issued by companies or government to investors with scheduled maturity dates.

In other word, the term bond matures on a specific date in the future.

The period of term bond is the between the time of bond's issuance and the  scheduled maturity period.

Therefore, in conclusion, the term bond is the bond requires payment of the full principal amount of the bond at the end of the loan term.

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I sent a survey to severalpersonnel departments to determine how many companies use online job resources

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How did it go?????????

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Answers

Answer:

B2C; forward

Explanation:

Sell-side marketplaces are similar to the B2C model; forward auctions are the key mechanism.

What is B2C model?

The term "business-to-consumer" (B2C) refers to a model of commerce between a company and a single customer. Although B2C is a term that can refer to any form of direct-to-consumer selling, it is currently often used in relation to operating an online store, sometimes referred to as ecommerce.

Business to Consumer (B2C) enterprises are different from Business to Business (B2B) organizations in that they concentrate on selling their goods or services directly to consumers rather than other businesses. .

Shopify is one prominent B2C startup that has created a platform to let small sellers sell their goods online and reach a larger audience.

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Answer:

By both the executive and legislative branches. 

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Answer:

about 18.19 million barrels

A dividend _______ is the amount of the dividend expressed as a percentage of the stock's market price,

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Answer:

dividend yield

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The example that the National Park Service shows by attracting, maintaining, and enhancing relationships with customers and visitors is D. relationship marketing.

Relationship marketing offers goods and services to customers through sales and advertising that achieve long-term customer value. The relationship is built and maintained with existing customers to attract new customers.

Thus, the NPS's efforts enable it to build lifetime customer loyalty that ensures long-term value creation.

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All of the following can be associated with asset-backed securities except A) the securitization of assets. B) minimal risk. C) pooling individual assets into larger financial securities to be sold to investors. D) expected cash flow from credit card debt, leases, auto loans, and mortgages.

Answers

Answer:

B-minimal risk

when a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy

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Answer:

producer surplus increases and total surplus decreases in the market for that good.

in the u.s. economy, the money supply is controlled by the

Answers

Answer:

the fed

Explanation:

I just serched it up

Answer:

The money supply is controlled by the U.S government

If you want to go more in-depth it’s the federal reserve

Explanation:

Hope my answer helps

Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) _______ account.

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Based on accounting principles, Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) Warranty Liability account.

This is because a Warranty Liability account is a type of account that is established to record the number of the repair or replacement costs that a company expects to incur for commodities already shipped or services already conducted.

Warranty Liability account or Estimated Warranty Liability account are used mostly by firms that offer products that have warranty periods.

Hence, in this case, it is concluded that the correct answer is a Warranty Liability account.

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Answer:

Estimated Warranty Liability

Explanation:

What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?

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1. A direction of change in velocity that explains an increase in price level by a smaller percentage than the money supply is: A decrease in velocity.

2. An effect of this change in velocity (decrease) with respect to the frequency with which money is exchanged (changes hands) is that: A decline or decrease in velocity simply means that money changes hands less frequently.

What is money?

Money can be defined as a recognized economic unit that is generally accepted by the people as a medium of exchange for goods and services, as well as repayment of debts such as loans and taxes across the world.

Hence, money is a financial asset that is typically used for the purchase of goods and services.

What is the velocity of money?

The velocity of money refers to a measure of the rate at which money is being used by consumers for the purchase of goods and services.

Basically, the velocity of money can be used to achieve the following:

Measure the economic and financial health of a country.Measure the rate at which money is being exchanged (changes hands).Measure the circulation of money in an economy.

Mathematically, the velocity of money is calculated by using this formula:

[tex]V = \frac{PY}{M}[/tex]

Where:

P is the price level.M is the quantity of money.Y is the level of production or quantity of output.

Generally, an increase in price level by a smaller percentage than the quantity of money supplied represents a decrease in the velocity of money. Also, an effect of a decrease in velocity with respect to the frequency with which money is exchanged (changes hands) simply means that money changes hands less frequently.

In conclusion, the frequency with which money is exchanged (changes hands) should be equal to the quantity of money in an economy multiplied by the average number of times each unit of currency (money) is being spent by the people living in a country.

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The effect on the accounting equation of declaring a dividend that will be paid at a later date includes a(n):

Answers

Answer:

- decrease in stockholders’ equity

- increase in liabilities

Explanation:

The effect on the accounting equation of declaring a dividend that will be paid at a later date includes decrease in stockholdersequity and increase in liabilities.

What is  stockholders’ equity?

Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets.

Share Capital plus Retained Earnings minus Treasury Shares equals Stockholders' Equity. This equation, also referred to as the investor's equation, requires you to first calculate the share capital and then determine the business's retained earnings.

The calculation of shareholders' equity takes into account four factors: outstanding shares, additional paid-in capital, retained earnings, and treasury stock. A firm has sufficient assets to cover its liabilities if shareholders' equity is positive; otherwise, it has more liabilities than assets.

Thus, decrease in stockholders’ equity and increase in liabilities.

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the table shows data that were collected from people who attended a certain high school basketball game and indicates the team each person rooted for and whether each of these people purchased food during the game. a person who attended the game will be selected at random. which of the following correctly interprets mutually exclusive events represented by the table?

Answers

The statement that correctly represents mutually exclusive events represented by the table is rooting for the home team and rooting for the away team.

Mutually exclusive events are events that cannot occur together. If one event occurs, then the other event cannot occur. For example, if you roll a dice once, you cannot get a five and three at the same time. It would be either of the two.

Looking at the table, you cannot root for the home team and the away team at the same time. A person has to choose which team to root for. Also, you can either purchase food or not purchase food. Thus, these are the mutually exclusive events.

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________ is a set of interdependent organizations that help make a product or service of a company available for use by consumers or business users.

Answers

Distribution Channel is the answer

If a customer gives his broker-dealer an order to sell his stock if it falls to or below 69 and will not accept a price below 69, the order is A) a stop limit order. B) a sell limit order. C) a buy limit order. D) a stop order.

Answers

Answer:

D Stop Order

Explanation:

When an order is entered , the customer has directed that it should not be engaged until the stock is at or below 69, a STOP order. Because the client will not accept an execution below 69 it is a stop limit order.

Leadership ability is important to managers because

a-business will not hire a manager without leadership skills

b-leadership helps managers satisfy employees needs while also meeting the goals of the business

c- managers must get work done whether or not employees want to do it

Answers

It seems like B. Leadership helps managers satisfy employees needs while also meeting the goals of the business

In the _____ stage of the advertising development process, Fallon account managers and clients must set the campaign budget. Campaign budgets can range from a few thousand dollars for online advertising to a few million for a network television advertisement.

Answers

Answer:

Planning Phase

Explanation:

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