On January 5, Barnaby, Inc. purchased a patent costing $100,000 with a useful life of 20 years.
The adjusting entry on December 31 would be to debit Amortization Expense and credit Accumulated Amortization - Patent for $5,000.
To record the adjusting entry for amortization of the patent, follow these steps:
1. Determine the annual amortization amount: $100,000 (patent cost) / 20 years (useful life) = $5,000 per year.
2. At the end of each year, on December 31, record the adjusting entry in the General Journal:
Date: December 31
General Journal:
- Debit: Amortization Expense - Patent, $5,000
- Credit: Accumulated Amortization - Patent, $5,000
This entry recognizes the amortization expense related to the patent's useful life and reduces its carrying value on the balance sheet by increasing the accumulated amortization account.
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What is the drawback of carrying more inventory than is needed?
Answer:
One of the most important disadvantages of excess inventory is the loss of revenue. Products depreciate over time and lose their initial value. So the longer you hold a product, the cheaper it gets.
Answer:
too many resources can be tied up in the inventory
Explanation:
ape x
What does the St stand for in the formula to calculate moving averages of sales forecasting?
Formula:
Ft+1=(St+St+St-2+...+St-N-1/N)
.There is a negative correlation between risk and the return investors demand.
false or true?
False. There is no inherent negative correlation between risk and the return investors demand. The relationship between risk and return is more nuanced and can vary depending on factors such as investor preferences, market conditions, and the specific investments involved.
The relationship between risk and return in investments is complex and can differ from one investment to another. In general, higher-risk investments tend to offer the potential for higher returns, but this does not imply a negative correlation. Some investors may be willing to take on higher levels of risk in pursuit of greater returns, while others may prioritize capital preservation and opt for lower-risk investments with lower expected returns.
Investors' risk preferences and expectations play a crucial role in determining the desired level of return. While riskier investments have the potential for higher returns, they also carry a higher likelihood of losses or volatility. Therefore, investors demanding higher returns are often willing to tolerate greater risk, accepting the possibility of both higher gains and losses.
It's important to note that risk and return are not solely determined by each other. Other factors, such as market conditions, diversification, investment time horizon, and individual goals, also influence the risk-return relationship. Therefore, it is incorrect to assume a universal negative correlation between risk and the return investors demand.
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which of these best describes a person who is a qualified expert that helps people and businesses meet their long term financial goals?
A financial planner is a personal advisor who helps clients manage their financial affairs and work towards their long-term financial goals.
Financial is defined as providing money or credit for something. An example of finance is a bank lending someone money to buy a house. It refers to the corpus of funds and credit used in business. Business funds are necessary for the purchase of assets, goods, and raw materials, and for conducting other economic activities. Strictly speaking, it is required to perform all business transactions.
Finance is also important to strengthen corporate finance, as it enables companies to take risks and grow. As the use of technology increases, people are becoming more and more dependent on money to reach their goals. Finance is important for empowerment because it enables businesses to take risks and grow.
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two identical houses are next to each other in the same real estate development. one was built in 1950, the other in 1955. if this year is 2013, what is the difference in predicted lprice?
When two identical houses are in real estate development the difference between the two houses would be 7.2 times the value of the 1950 house minus 6.3 times the value of the 1955 house.
We can estimate that a house that is at 3.3 percent per year for 63 years would be worth mostly around 7.2 times its original value. On the other hand, a house that appreciated for 58 years would be worth 6.3 times its original value.
When it comes to knowing the difference in predicted price between two houses, many factors can come into play, such as location, condition, and market trends.
However, assuming all other factors are equal, we can use real estate in the United States to estimate the price difference
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it takes approximately 2 weeks (14 days) for an order of bolts to arrive after the order has ben placed. demand for the bolts is constant. the company sells 500 of the bolts per day. the company believes that they can avoid stock outs if the bolts are ordered at the right time. what is the reorder point (rop)?
The company should place an order for bolts when the inventory level reaches 7000 bolts to avoid stock outs.
The reorder point (ROP) is the level of inventory at which the company should place an order to avoid stockouts. It can be calculated as
ROP = d × lead time
where d is the demand rate (in units per day) and lead time is the time it takes for an order to arrive ( in days ).
In this case, we have
d = 500 bolts / day
lead time = 14 days
Substituting these values into the formula, we get
ROP = 500 × 14
ROP = 7000 bolts
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Thomas company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. information for raw materials for product rbi for the month of october follows: standard unit price $1.80 actual purchase price per unit $1.65 actual quantity purchased 4,000 units actual quantity used 3,900 units standard quantity allowed for actual production 3,800 units what is the materials purchase price variance?
Answer: $600F
Explanation:
Given the following :
standard unit price - $1.80
actual purchase price per unit - $1.65
actual quantity purchased - 4,000
units actual quantity used - 3,900
units standard quantity allowed for actual production - 3,800 units
Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased
($1.65 - $1.80) × 4000
( $0.15) × 4000
$600F (Favorable) because standard price is higher than actual price
25 points, Why are certain brands global? 3-4 sentences, please.
Answer: Certain Brands can be global because of their profits, Let's take cars for a example, Cars can be made and distributed based on the company if they can pay for all the shipping and everything, but it really depends on the company and what they are selling.
Explanation:
how did craft unions and industrial unions differ?
Answer:
How did craft unions & industrial unions differ? A craft union is made up of skilled workers who work in a specific trade. ... In industrial union there are all different workers regardless of their trade or skill. This could be found in a steel factory.
List and explain 10 Personal Finance Strategies.
Answer:
Explanation:Devise a budget. A budget is essential to living within your means and saving enough to meet your long-term goals. ...
Create an emergency fund. ...
Limit debt. ...
Use credit cards wisely. ...
Monitor your credit score. ...
Consider your family. ...
Pay off student loans. ...
Plan (and save) for retirement.
Jenna's goal is to open a new retail store.To do so,she figures out that she needs to find a location,obtain financing lease the space, design the space, and launch the store opening
The planning phase is the phase that is being executed from the description that we have been given here.
What is the phase of the organizing processThe manager is executing the planning phase of the organizing process. Specifically, the manager is developing a plan for opening a new retail store, which includes tasks such as finding a location, obtaining financing, leasing the space, designing the space, and launching the store opening.
This planning process is essential for organizing resources, tasks, and activities in a logical and efficient manner to achieve the desired goals and objectives. Once the plan is established, the manager can move on to the next stage of the organizing process, which involves implementing the plan and managing resources to achieve the desired outcomes.
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How does collaboration demonstrate professionalism
Answer: Collaboration allows people with different backgrounds to bring their expertise to the workplace, creating a larger talent pool and increasing the possibility that problems will be solved by drawing from these diverse backgrounds.
Which trends in McDonald’s external environment are likely to have the greatest impact on the company’s ability to sustain a competitive advantage?
How is McDonald’s positioned vis-a-vis its major competitors?
What business-level strategy does McDonald’s employ? Is it effective? How so?
Which international strategy does McDonald’s employ? Is it effective? How so?
Trends in McDnald’s external environment that are likely to have the greatest impact on the company’s ability to sustain a competitive advantage.
What does it have?They include the following:
Consumer health consciousness and focus on healthier eating options, competition from other fast-food chains and small, niche restaurants, changes in consumer preferences, and the impact of digitalization on the food service industry.
To remain competitive in the industry, MDonald's has responded to changing consumer preferences by adding healthier options to its menu and introducing new technology, such as self-ordering kiosks, to enhance the customer experience.
MDonald's is well-positioned relative to its major competitors in the fast-food industry, with a strong brand identity, global reach, and an extensive supply chain that can quickly respond to changing customer preferences.
Furthermore, MDonald's has a reputation for providing affordable, high-quality meals to its consumers.
MDonald's employs a cost leadership strategy at the business level, which has enabled it to maintain its position as a market leader in the fast-food industry. This strategy is highly effective because it allows the company to offer low prices while maintaining a high level of quality.
MDonald's employs a transnational strategy in the international market, which involves a balance between global integration and local responsiveness. This strategy has been highly effective because it enables the company to adapt to local market conditions while maintaining a consistent global brand identity.
Additionally, the company has been able to leverage its global supply chain to achieve economies of scale and reduce costs.
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________ is a trading bloc consisting of 27 trading partners in europe.
The European Union (EU) is a unique political and economic partnership that currently consists of 27 member states in Europe.
What is one challenge faced by the European Union?Social inequality (36%), unemployment (32%), followed by immigration-related problems (31%), are the four most identified issues facing the European Union (EU) as a whole. The challenges facing the EU are similar to those facing the world, with 32% of respondents seeing environmental problems and climate change as major issues.
Which trading bloc consisting of 10 trading partners in Asia is?With its ten members—Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam—the Association of Southeast Asian Nations (ASEAN) is a regional organisation that seeks to foster economic and security cooperation.
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the rate of return of a stock held for one year equals question content area bottom part 1 a. the dividend yield plus the rate of capital gain. b. the rate of capital gain minus the dividend yield. c. the dividend yield minus the rate of capital gain. d. the change in the price of the stock.
The rate of return of a stock held for one year is equal to the change in the price of the stock. The correct answer is D.
This means that the rate of return is equal to the difference between the closing price of the stock at the end of the one year period, and the opening price of the stock at the beginning of the one year period. If the closing price of the stock is higher than the opening price, then the rate of return will be positive; if the closing price is lower than the opening price, then the rate of return will be negative. This does not include any dividend payments made during the year, so it does not include the dividend yield.
In conclusion, the rate of return of a stock held for one year is equal to the change in the price of the stock, and does not include the dividend yield or the rate of capital gain.
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Which of the following statements about investing is TRUE?
1. Investing is a guaranteed way to make money.
2. Investing is best for short-term financial goals.
3. Investing is riskier than putting money in a savings accounts.
4. On average, putting money in a savings account earns a higher return than investing money in the stock market.
Answer:
3. Investing is riskier than putting money in a savings accounts.
Explanation:
Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.
Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.
2. A business installs a free chilled water drinking machine
for staff. This is an example of: (1)
A
B
С
D
a non-financial method of motivation
a promotional method
an improvement to customer service
organic growth
what can i do if my total in cash account is not the same in credit and debit side?
Answer:
Consider which items are meant for debit and credit.
Explanation:
The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.
Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.
Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.
When Bloom worked for the canadians, who did he report to ?
Bloom reported to his Canadian supervisor when he worked for the Canadians.
When Bloom worked for the Canadians, his main point of contact and the person he reported to was his Canadian supervisor. This supervisor would have been responsible for managing Bloom's work, providing guidance, and ensuring that Bloom's tasks were completed effectively and efficiently.
As part of this professional relationship, Bloom would communicate regularly with his supervisor, updating them on the progress of his tasks, asking for assistance when needed, and receiving feedback to improve his performance.
This hierarchical structure is common in many organizations, as it helps maintain clear communication channels and ensures that employees are accountable for their work.
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Which of the following is NOT a problem caused by monopolies?
Select one:
Low quality
Fewer new products
Poor customer service
More competition
Answer:
Poor customer service
Explanation:
Poor customer service
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
What is a monopoly?A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
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The Sales Operations team notices an increase in Opportunities without Products. Which configuration change should the System Administrator make to help Sales Reps remember to add Products to every Opportunity
The configuration change will enable the System Administrator to help the Sales Reps remember is to enable the opportunity setting to prompt users to add products to opportunities.
What is a configuration change?In a system, a configuration change is said to occur when one modify a component information that is subject to change control.
In conclusuin, the configuration change will enable the System Administrator to help the Sales Reps remember is to enable the opportunity setting to prompt users to add products to opportunities.
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What is the difference between divergent and convergent thinking?
Convergent thinking is defined as the best direct solution for a problem whereas divergent thinking creates more solutions for a single problems.
Divergent thinking is a thought process that is used by considering several potential strategies to produce new ideas. It requires more depth reaserch and time taking process. More creativity is needed to solve problems in a short period of time and deals with complex problems.
Convergent thinking is a process of defining a perfect solutuion to the problem. The information also avaible previuosly and it does not need much reaserch regarding the problems. It implies to basic problems in real life.
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What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
mark brainliest
Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere. Please select the best answer from the choices provided T F.
Answer:
Got this from the same website you used
Explanation:
Advances in technology like the creation of cheap, lightweight laptops have allowed workers to work from almost anywhere. TRUE.
The advancement in communication, transportation, etc. increases the performance and productivity of an employee. The creation of cheap, lightweight laptops has allowed workers to work anytime and anywhere.
What is Technology advancement?Technology advancement means the ease of doing things and improving all the aspects of human lives.
Advancements in technology made life easier by increasing employee productivity, performance, and satisfaction. The creation of cheap, lightweight laptops has allowed workers to work flexibly and efficiently.
Therefore, the above statement is True.
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What is location analysis
Answer:
Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.
What is an inspection of a filer's tax return by the IRS called?
Answer:
Audit
Explanation:
When the IRS inspects a filed tax return it is called an Audit
What kind of cost is described by buying the goods and services an average person
needs?
(1 point)
Oquality cost
O cost of business
O cost of living
O opportunity cost
The kind of cost which is described by buying the goods and services an average person needs is the cost of living.
Cost of living is referred to as an amount of money which is required in order to cover necessary expenses and to maintain a certain lifestyle standard in a particular place and time. So in this only the necessary expenses are covered such as food, housing, taxes, health care, clothing, transportation, etc.
Cost of living is the cost which is thus maintaining a certain standard of living. There are factors which lead to the changes in the cost of living over time. So the average person is buying goods and services which are necessary at that period of time.
Hence, option C is correct.
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Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea
Answer:
Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.
when insurance companies take on the risk of loss or injury, it refers to the fact that no one can predict:
when insurance companies take on the risk of loss or injury, it refers to the fact that no one can predict: trouble.
What are the types of risk in insurance?Personal risk, property risk, and liability risk are the three forms of risk that insurance typically covers.Any danger that could jeopardize a person's health or safety, such being sick or getting hurt in an accident, is referred to as personal risk. a variety of categories into which hazards can be divided.Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are a few categories that are frequently utilized.If you are hurt or unwell while traveling, insurance will pay for your medical bills and transportation back home.Personal injury protection and coverage for harm or accidents you cause.coverage for lost or broken goodsTo learn more about Insurance refer,
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collective nouns , A Glory of
Answer: uh what?
Explanation: