The accounting records of Nash Inc. show the following data for 2017 (its first year of operations).
1. Life insurance expense on officers was $13,000.
2. Equipment was acquired in early January for $307,000. Straight-line depreciation over a 5-year life is used, with no salvage value. For tax purposes, Nash used a 30% rate to calculate depreciation.
3. Interest revenue on State of Iowa bonds totaled $4,000.
4. Product warranties were estimated to be $55,000 in 2017. Actual repair and labor costs related to the warranties in 2017 were $10,000. The remainder is estimated to be paid evenly in 2018 and 2019.
5. Pretax financial income was $850,000. The tax rate is 30%.
Prepare a schedule starting with pretax financial income in 2017 and ending with taxable income in 2017 Prepare the journal entry for 2017 to record income taxes payable, income tax expense, and deferred income taxes.

Answers

Answer 1

Answer:

Nash Inc.

1. A schedule of taxable income for 2017:

Pretax financial income = $850,000

add:

1. Life Insurance for officers  13,000

2. Interest on Iowa bonds      (4,000)

Excess Depreciation            (30,700) ($92,100 - $61,405)

Non-tax allowed warranties 45,000 ($55,000 - $10,000)

Adjusted pre-tax income   $873,300

Income tax expense (30%) $261,990

2. Journal entry:

Debit Income tax expense $261,990

Credit Income tax payable $261,990

To record income tax payable.

Debit Deferred Tax Asset $13,550

Credit Profit and Loss Account $13,550

To record the deferred tax asset.

Debit Profit and Loss Account $9,210

Credit Deferred Tax Liability $9,210

To record the deferred tax liability.

Explanation:

a) Data and Analysis:

Pretax financial income = $850,000

add:

1. Life Insurance for officers  13,000

2. Interest on Iowa bonds      (4,000)

Excess Depreciation            (30,700) ($92,100 - $61,405)

Non-tax allowed warranties 45,000 ($55,000 - $10,000)

Adjusted pre-tax income   $873,300

Income tax expense (30%) $261,990

Depreciation Excess/Differences:

Equipment cost = $307,000

Depreciation with straight line (5 years)

Annual accounting depreciation expense = $61,400 ($307,000/5)

Annual taxation depreciation expense = $92,100 ($307,000 * 30%)

Deferred tax liability:

Excess Depreciation            (30,700) * 30% =  $9,210

Deferred tax asset:

Non-tax allowed warranties 45,000 * 30$ = $13,550


Related Questions

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

Jan 31

Dr Raw materials inventory $5,100

Cr AccountsPayable $5,100

Jan 31

Dr Work in Process inventory $7,500

Cr Factory wages payable $5,800

Cr Payroll taxes payable $1,700

Jan 31

Dr Manufacturing overhead $2,900

Cr Utilities payable $2,900

Explanation:

Preparation of a separate journal entries for each type of manufacturing cost

Jan 31

Dr Raw materials inventory $5,100

Cr AccountsPayable $5,100

Jan 31

Dr Work in Process inventory $7,500

Cr Factory wages payable $5,800

Cr Payroll taxes payable $1,700

Jan 31

Dr Manufacturing overhead $2,900

Cr Utilities payable $2,900

Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per unit price Total Balance, 1/1/20 150$4.00$600 Purchase, 1/15/20 705.10 357 Purchase, 1/28/20 705.30 371 An end of the month (1/31/20) inventory showed that 110 units were on hand. If the company uses LIFO, what is the value of the ending inventory

Answers

Answer:

Crane Company

If Crane Company uses LIFO, the value of the ending inventory is:

= $440.

Explanation:

a) Data and Calculations:

                               Units   Unit Cost   Total Cost

1/1/20 inventory      150      $4.00         $600

1/15/20 Purchase,    70         5.10            357

1/28/20 Purchase,   70        5.30            371

Total                      240                       $1,328

1/31/20 inventory   110       $4.00         $440 ($4.00 * 110)

b) The LIFO method assumes that goods that are sold first are the last that were purchased.  Therefore, the cost of the ending inventory is usually based on the cost of the earlier inventory purchased.  In our case, the cost per unit was based on the beginning inventory balance.

 

According to the rule of 70, if a country's real GDP per capita grows at a rate of 2% instead of at a rate of 3%, it would take _____ for that country to double its level of real GDP per capita. a. 35 additional years b. 11.67 additional years c. 23.3 additional years d. 30 additional years e. 15 additional years.

Answers

Answer:

b. 11.67 additional years

Explanation:

A company paid its annual dividends of $5.39 per share last week. The company expects to grow its dividends at the rate of 5.0 percent per year for four years, after which the dividends are expected to remain constant at the level of $7.13 per share per year in perpetuity. If investors require a rate of return of 11.5 percent on this company's stock, what should be the price of one share of this stock today

Answers

Answer: $58.7

Explanation:

The price of one share of this stock today will be calculated thus:

Dividend of year 1= $5.39(1 + 0.05) = $5.66

Dividend of Year 2 = $5.39(1 + 0.05)² = $5.94

Dividend of Year 3 = $5.39(1 + 0.05)³ = $6.24

Dividend of Year 4 = $5.39(1 + 0.05)^4 = $6.55

We then calculate the value at year 4 which will be:

= $7.13 / 0.115 = $62

The price will then be:

Price = $5.66 / (1 + 0.115) + $5.94 / (1 + 0.115)² + $6.24/ (1 + 0.115)³ + $6.56 / (1 + 0.115)^4 + $62 / (1 + 0.115)^4

= $58.7

Following is the stockholders’ equity section from the The Coca-Cola Company 2017 balance sheet. (All amounts in millions except par value.)

The Coca-Cola Company Shareowners' Equity December 31, 2017
Common stock-$0.25 par value; authorized-11,200 shares; issued-7,040 shares $1,760
Capital surplus 15,864
Reinvested earnings 60,430
Accumulated other comprehensive income (loss) (10,305)
Treasury stock, at cost-2,781 shares (50,677)
Equity attributable to shareowners of The Coca-Cola Company $17,072

Required:
a. Compute the number of shares outstanding.
b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places.

Answers

Answer and Explanation:

a. The computation of the no of shares outstanding is shown below:

No. of shares outstanding is

= shares issued - shares held as treasury stock

= 7,040 shares - 2,781 shares

= 4,259 shares

b. The average price is

= (Common Stock value + Capital Surplus) ÷ No. of shares issued

=($1,760 + $15,864) ÷ 4259 shares

= $4.14

7. You are considering the possibility of replacing an existing machine that has a book value of $500,000, a remaining depreciable life of five years, and a salvage value of $300,000. The replacement machine will cost $2 million and have a ten-year life. Assuming that you use straight-line depreciation and that neither machine will have any salvage value at the end of the next ten years, how much would you need to save each year to make the change (the tax rate is 40 percent)

Answers

Answer:

 $221344.48

Explanation:

Book value of existing machine = $500,000

remaining depreciable life = 5 years

salvage value = $300,000

cost of replacement machine = $2 million

depreciable life = 10 years

Tax rate = 40 %

Difference in the cost of new machine and salvage value of existing machine

= 2,000,000 - 300,000 = $1,700,000

Calculate the depreciation tax benefit of new machine = ( 500,000 / 5 ) * 0.4 = $40,000

next calculate the present value of this tax benefit

=  $40000,PVAF(1.10,5years)^5 ------- ( 1 )

where the Annuity of 5 years at 10% = 1/(1.10)5  = 3.7907)

Insert value into equation 1 (to calculate the present value of the tax benefit

=  40000*3.79078676 = $1,51,631.47 ( present value of tax benefit )

Determine the Annual depreciation tax advantage of the new machine  

=  (2,000,000/10)*0.40 = $80,000

Determine present value of this annuity

= $80,000,PVAF(1.10,10years)^10 ------ ( 2 )

where the Annuity of 5 years at 10% = 1/(1.10)^10 ) = 6.144567

Insert value into equation2 ( to calculate the present value of this annuity )

= 80000 * 6.144567 = $491565.36

Therefore the Net cost of the new machine will be

=   $491565.36  -  $151631.47  -  $1,700,000  = $1,360,066

Annual savings on the new machine in 10 years

= 1,360,066 /  6.144567  =  $221344.48

What is a planned economy regulated by?

Answers

Explanation:

The government regulates the interactions between producers and consumers.

On January 1, Zeibart Company purchases equipment for $220,000. The equipment has an estimated useful life of 10 years and expected salvage value of $25,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $85,000. On this date, Zeibart examines the equipment for impairment and estimates undiscounted expected cash inflows from this equipment of $115,000
(1) Compute the annual depreciation expense relating to this equipment.
(2) Compute the equipment’s net book value at the end of the fourth year.
(3) If the equipment is impaired at the end of the fourth year, compute the impairment loss. (If the equipment is not impaired, enter 0.)
(4) Compute the annual depreciation expense

Answers

Answer:

(1) $19,500

(2) $142,000

(3) $27,000

(4) $15,000

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the p/l over the useful life of the asset. It may be computed as

Depreciation = (cost - salvage value)/useful life

Annual depreciation = ($220,000 - $25,000)/10

= $19,500

4 years later

Carrying amount of the equipment

= $220,000 - 4 * $19,500

= $220,000 - $78,000

= $142,000

If the asset is impaired

An asset is said to be impaired when the carrying amount is higher than recoverable amount where the recoverable amount is the higher of the fair value less cost to sell or the value in use of the asset which is the present value of the future expected inflow from the use of the asset.

Value in use = $115,000

Fair value = $85,000

Value in use = $115,000

Impairment loss = $142,000 - $115,000

= $27,000

Remaining number of years is 6

New carrying amount = $115,000

the annual depreciation expense = ($115,000 - $25,000)/6

= $90,000/6

= $15,000

A company issued 5%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price did the bonds sell

Answers

Answer:

The bond was sold at $1,136.78.

Explanation:

Annual coupon = Bond face value * Coupon rate = $1000 * 5% = $50

Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)

Where;

r = semi-annul interest rate = 4% / 2 = 2%, or 0.02

n = number of period = 20 years * Number of semiannuals in a year = 20 * 2 = 40 semi-annuals

Substituting the values into equation (1), we have:

Annual coupon discount factor = ((1-(1/(1 + 0.02))^40)/0.02) = 27.3554792407382

Present value of coupon = (Annual coupon * Annual coupon discount factor) / 2 = ($50 * 27.3554792407382) / 2 = $683.886981018455

Present value of the face value of the bond = Face value / (1 + r)^n = $1,000 / (1 + 0.02)^40 = $452.890415185236

Therefore, we have:

Price of bond = Present value of coupon + Present value of the face value of the bond = $683.886981018455 + $452.890415185236 = $1,136.77739620369

Approximating to 2 decimal places, we have:

Price of bond = $1,136.78

Therefore, the bond was sold at $1,136.78.

Marigold Corp. incurs the following costs to produce 10100 units of a subcomponent: Direct materials $8484 Direct labor 11413 Variable overhead 12726 Fixed overhead 16200 An outside supplier has offered to sell Marigold the subcomponent for $2.85 a unit. If Marigold could avoid $3000 of fixed overhead by accepting the offer, net income would increase (decrease) by $838. $(3364). $6838. $(5929).

Answers

Answer:

The effect on net income is an increase by $6838.

Explanation:

Analysis of Accepting Special Offer

Savings :

Direct materials                                                     $8,484

Direct labor                                                            $11,413

Variable overhead                                               $12,726

Fixed Overheads                                                  $3,000   $35,623

Total Savings

Costs :

Purchase Price ( $2.85 x 10,100 units)                               ($28,785)

Effect on Net Income                                                             $6,838

Note : We have considered the avoidable component of fixed costs in this calculation. Ignore common fixed costs (unavoidable) since they are irrelevant for decision making.

Conclusion :

The effect on net income is an increase by $6838.

Briefly describe a purchase you made where the customer service level had an effect on the product you selected or where you purchased it?​

Answers

Answer:

pick 'n pay through daily promotions

Assume that Simple Co. had credit sales of $280,000 and cost of goods sold of $165,000 for the period. It estimates that 2 percent of credit sales in uncollectible accounts when it uses the percentage of credit sales method and it estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $6,900 when it uses the aging method. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $400.

Required:
Prepare the journal entry to record the end-of-period adjustment for bad debts under the (a) percentage of credit sales method and (b) aging of accounts receivable method.

Answers

Answer:

A. Dr Bad Debt Expense $5,600

Cr Allowance for Doubtful Accounts $5,600

B. Dr Bad Debt Expense $6,500

Cr Allowance for Doubtful Accounts $6,500

Explanation:

A. Preparation of the journal entry to record the end-of-period adjustment for bad debts under

percentage of credit sales method

Dr Bad Debt Expense $5,600

Cr Allowance for Doubtful Accounts $5,600

($280,000 x .02 = 5600)

(Being to record bad debts under percentage of credit sales method)

B. Preparation of the journal entry to record the end-of-period adjustment for bad debts under the aging of accounts receivable method.

Dr Bad Debt Expense $6,500

Cr Allowance for Doubtful Accounts $6,500

($6,900 - $400 = 6500)

A company has two open seats, Seat A and Seat B, on its board of directors. There are 6 candidates vying for these 2 positions. There will be a single election to determine the winner of both open seats. As the owner of 100 shares of stock, you will receive one vote per share for each open seat. You decide to cast all 200 of your votes for a single candidate. What is this type of voting called?

a. democratic
b. cumulative
c. straight
d. deferred
e. proxy

Answers

Answer:

b. cumulative

Explanation:

Cumulative voting is a type of voting in which more than one vote is placed to the desired candidate. The voters possess the right to extend more than one vote. All the votes in the hand of the voter can be entitled to any particular candidate as decided by the voter.  

In the given situation, cumulative voting system has been used. The voter gives all the 200 votes to the single candidate.

Abbot Corporation reported pretax book income of $500,000. During the current year, the reserve for bad debts increased by $5,000. In addition, tax depreciation exceeded book depreciation by $40,000. Finally, Abbot received $3,000 of tax-exempt life insurance proceeds from the death of one of its officers. Abbot's current income tax expense or benefit would be:

Answers

Answer:

$157,080

Explanation:

Calculation to determine what Abbot's current income tax expense or benefit would be:

Current income tax expense or benefit=[($500,000 + $5,000 - $40,000 - $3,000)*34%]

Current income tax expense or benefit= $462,000* 34%

Current income tax expense or benefit=$157,080

Therefore Abbot's current income tax expense or benefit would be:$157,080

Miltmar Corporation will pay a year-end dividend of $4, and dividends thereafter are expected to grow at the constant rate of 4% per year. The risk-free rate is 4%, and the expected return on the market portfolio is 12%. The stock has a beta of 0.75. What is the intrinsic value of the stock

Answers

Answer:

$66.67

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

required return = 4% + 0.75 ( 12% - 4%) 10%

4/ 0.1 - 0.04 = $66.67

In a paragraph of 250 words or less, please discuss areas of outstanding achievements. Give examples such as scholarships, leadership roles, major projects, work experience, etc. Outstanding achievements will be reviewed by all selected major choices to which you apply.

Answers

Explanation:

Writing a scientific article at the university can be a remarkable and relevant achievement as this article seeks to find solutions to problems faced by today's society. An example is a scientific project in the area of ​​environmental management that seeks to develop explanations and solutions applicable to companies for the implementation of environmental programs and certifications, it is a project that will contribute to the reduction of impacts to the environment and to the valorization of local communities and producers. .

However, it is necessary that the environmental management project presents solutions that benefit both the organization and the environment in fact, as organizations as profitable entities will implement some social and environmental benefit program if it is legally necessary or bring strategic and competitive benefits.

22. An employment contract is an agreement between the manager and top management designed to provide incentives for the manager to act: Group of answer choices Consistently with that of other managers. Independently to achieve the manager's objectives. Independently to achieve top management's objectives. Independently to achieve the customer's objectives.

Answers

Answer:

Independently to achieve top management's objectives.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

Hence, an employment contract is an agreement between the manager and top management designed to provide incentives for the manager to act independently to achieve top management's objectives because they are playing a fiduciary duty or role.

In your own words, discuss GAP management and then suggest a way to reduce the impact of its limitation. Do not duplicate limitations and solutions; that is, you can discuss the same limitation as a fellow student if you are able to suggest a different way of reducing the impact.

Answers

Answer:

Gap management is a strategy which every business follows. A business can be successful only if it sets goals for its future.

Explanation:

Gap management is the difference between where an organization stands today and where it wants to be in future. A company's management will set its own targets and then sets position of the company. There are limitation of gap management as there can be targets which are sometimes unachievable or there are some external forces which hinders the business progress.

AAA Advertising hires Christopher as a photographer to take photographs of products for AAA’s use in its advertising campaigns. Christopher is to use his own DSLR camera. Christopher will have an office at AAA but only needs to come in 10 hours a week, of his own choosing. Christopher will work under a supervisor who will tell him exactly what photos to take and how many of each product. He will be paid a flat $2,000 salary every other week, regardless of how much work he does. 1) What is Christopher’s employment status with AAA, is he an employee or independent contractor? 2) Discuss each of the applicable factors used to determine whether a worker is an independent contractor or employee.

Answers

Answer:

Christopher is an Employee

Explanation:

1) Christopher is an Employee because he is been paid a flat rate regardless of the amount of work he puts in, also he is directly supervised, has an office in AAA and also he must put in  10 hours of work per week

2) Factors that makes a worker an independent contractor or an Employee includes

level of instruction; If the company or its representative directs the worker on how, when and where a job can be done this indicates that the worker is an employee work schedule: An independent contractor is totally in control of his time and determines the amount of hours to put in but if the work schedule is determined by the company then it will be an employee arrangement form of payment ; Hourly, weekly and monthly payments are mostly used for employees ,most independent contractors collect their pay once a task is completed by themprofit or loss : Employees do not share in the profit or loss of the organization since they are paid a flat rate.

e) Wesley Publishing has an office in England that would like the American office to share their

data on profits. What steps should the American office take in order to determine the profits in

pounds for the England office? (2 points)

I

Answers

Answer:

He should make sure he has the right profits then he should see how much things are going to cost, and then finalize it.

Explanation:

Sorry y'all I am having troubles with this assignment sorry if I get it wrong

Presented below are long-term liability items for Pharoah Company at December 31, 2020. Bonds payable, due 2022 $625,000 Lease liability 60,000 Notes payable, due 2025 70,000 Discount on bonds payable 46,875 Prepare the long-term liabilities section of the balance sheet for Pharoah Company. (Enter account name only and do not provide descriptive information.)

Answers

Answer:

See explanation

Explanation:

Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.

Following is the stockholders’ equity section of the balance sheet for The Procter & Gamble Company along with selected earnings and dividend data. For simplicity, balances for noncontrolling interests have been left out of income and shareholders' equity information.
$ millions except per share amounts 2014 2013
Net earnings attributable to Procter $10,956 $11,797
& Gamble shareholders
Common dividends 5,883 5,534
Preferred dividends 256 233
Basic net earnings per common share $3.82 $4.12
Diluted net earnings per common share $3.66 $3.93
Shareholders' equity:
Convertible class A preferred stock, $1,195 $1,234
stated value $1 per share
Common stock, stated value $1 per share 4,008 4,008
Additional paid-in capital 63,181 62,405
Treasury stock, at cost (shares held: (69,604) (67,278)
2014--1260.8; 2013--1242.6)
Retained earnings 75,349 70,682
Accumulated other comprehensive (9,333) (2,054)
income/(loss)
Other (761) (996)
Shareholders' equity attributable to $64,035 $68,001
Procter & Gamble shareholders
a. Compute the number of common shares outstanding at the end of each fiscal year. Estimate the average number of shares outstanding during 2014. Round to one decimal place.
2014 million
2013 million
2014 Average million
b. Calculate the average cost per share of the shares held as treasury stock at the end of each fiscal year. Round to two decimal places.
2014
2013
c. In 2014, preferred shareholders elected to convert 40 million shares of preferred stock into common stock. Rather than issue new shares, the company granted 40 million shares held in treasury stock to the preferred shareholders. Prepare a journal entry to illustrate how this transaction would have been recorded. (Hint: use the cost per share for 2013 determined in b.) Enter answers in millions. Round to the nearest million.
Description Debit Credit
Preferred stockTreasury stockAdditional paid-in capital
Additional paid-in capital
Preferred stockTreasury stockAdditional paid-in capital
d. Calculate P&G's return on common equity (ROCE) for fiscal 2014. Round to one decimal place.
2014

Answers

Answer:

See below

Explanation:

a.

2014 $2,747.2 Million

2013 $2,765.4 Million

2014 Average $2,756.3 Million

Working

2014 4,008.0 - 1,260.8 = $2,747.2

2013 4,008.0 - 1,242.6 = $2,765.4

b.

2014 $54.14

2013 $55.21

c.

Account title

Preferred stock A/c Dr. $40.0

Additional paid in capital A/c Dr. $2,128.4

To Treasury stock A/c Cr. $2,168.4

d.

Net earnings attributable to P and G shareholders

$10,956

Shareholder's equity attributable to P and G shareholders $64,035

ROCE

($10,956 / $64,035) × 100

17.1%

Item4 3 points eBookHintPrintReferencesItem 4 Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 12 $ 8 $ 96 11 Purchase 38 9 342 24 Purchase 20 11 220 30 Ending 24 Required: Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods.

Answers

Answer:

a. FIFO

cost of ending inventory  = $256

cost of goods sold  = $402

b. LIFO

cost of ending inventory  = $204

cost of goods sold = $454

c. Weighted average cost

cost of ending inventory =  $225.60

cost of goods sold = $432.40

Explanation:

Periodic method means cost of sales and inventory balance are determined at the end of the period.

Step 1 : Units Sold

Units Sold = Units available for Sale - Units in Inventory

                  = (12 + 38 + 20) - 24

                  = 46

Step 2 : FIFO

FIFO assumes that the units to arrive first, will be sold first.

cost of ending inventory = 20 x $11 + 4 x $9 = $256

cost of goods sold = 12 x $8 x 34 x $9 = $402

Step 3 : LIFO

LIFO assumes that the units to arrive last, will be sold first.

cost of ending inventory = 12 x $9 + 12 x $8 = $204

cost of goods sold = 20 x $11 x 26 x $9 = $454

Step 4 : Weighted average cost

Weighted average cost method calculates a new unit cost with every purchase made. this unit cost is then used to calculated cost of sale and ending inventory.

Unit Cost = Total Costs ÷ Units available for sale

                = (12 x $8 + 38 x $9 + 20 x $11 ) ÷ (12 + 38 + 20)

                = $9.40

cost of ending inventory = Units in Inventory x Unit Cost

                                         = 24 x $9.40

                                         = $225.60

cost of goods sold = Units Sold x Unit Cost

                               = 46 x $9.40

                               = $432.40

One of the requirements for a patent is that the invention be new, or___________ . An invention will not satisfy this requirement if it has already received a ___________or been described in a printed publication, unless the publication was made by __________in the year before filing the patent application. In addition, if the invention was in public use, on__________ , or otherwise available to __________elsewhere in the world, the invention is not patentable.

Answers

Answer:

Novel; patent; the inventor; sale; public.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of

I. Trademarks.

II. Patents.

III. Copyright.

One of the requirements for a patent is that the invention be new, or novel. An invention will not satisfy this requirement if it has already received a patent or been described in a printed publication, unless the publication was made by the inventor in the year before filing the patent application. In addition, if the invention was in public use, on sale, or otherwise available to the public elsewhere in the world, the invention is not patentable.

Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following:
Common stock, $6 par value, 110,000 shares authorized Preferred stock, 14 percent, par value $6 per share, 4,800 shares authorized During the year, the following transactions took place in the order presented:
A. Sold and issued 20,500 shares of common stock at $12 cash per share.
B. Sold and issued 1,200 shares of preferred stock at $16 cash per share.
C. At the end of the year, the accounts showed net income of $40,900. No dividends were declared.
Required:
Prepare the stockholders’ equity section of the balance sheet at the end of the year.
TANDY, INCORPORATED
Balance Sheet (Partial)
At December 31, this year
Stockholders’ equity:
Contributed capital:
Common stock
Preferred stock
Additional paid-in capital, common stock
Additional paid-in capital, preferred stock
Total contributed capital
Retained earnings
Total stockholders’ equity

Answers

Answer:

See below

Explanation:

Tandy Incorporated

Balance sheet (Partial)

At December 31,

Stockholder's equity :

Contributed capital :

Common stock

$123,000

Preferred stock

$7,200

Additional paid in capital common stock

$123,000

Additional paid in capital preferred

$12,000

Total contributed capital

$265,200

Retained earnings

$40,900

Total stockholder's equity

$306,100

Workings:

Common stock = Number of common shares issued × Par value of one common share

= 20,500 × $6

= $123,000

Preferred stock = Number of preferred shares issued × Par value of one preferred share

= 1,200 × $6

= $7,200

Additional paid in capital , common stock = Number of shares issued × ( issue price of one share - Par value of one share)

= 20,500 × ($12 - $6)

= 20,500 × $6

= $123,000

Additional paid in capital , preferred stock = Number of shares issued × (Issue price of one share - Par value of one share)

= 1,200 × ($16 - $6)

= 1,200 × $10

= $12,000

in managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to

Answers

Answer:

i am sooooooo sorry im new and i need point and agian i'm so sorry

Explanation:

To attain the lowest possible labor costs per pair produced at each production site, the corporation must minimize labor costs per pair produced at each of its plants.

What is the training objective of production workers?

The overarching goal of firm management should be to obtain the lowest possible labor costs per pair produced at each production facility in controlling production worker remuneration and expenditures for best practice training.

For more information about company expenditures, refer below

https://brainly.com/question/15871053

Judge made laws are known as

Answers

I found this online :

In law, common law (also known as judicial precedent or judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions. The defining characteristic of “common law” is that it arises as precedent.

Suppose you are the money manager of a $5.21 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 320,000 1.50 B 780,000 (0.50) C 1,260,000 1.25 D 2,850,000 0.75 If the market's required rate of return is 10% and the risk-free rate is 5%, what is the fund's required rate of return

Answers

Answer: 8.65%

Explanation:

First find the weights of the stocks:

Total = 320,000 + 780,000 + 1,260,000 + 2,850,000

= $‭5,210,000‬

Stock A:

= 320,000 / ‭5,210,000‬

= 6.14%

Stock B:

= 780,000 / ‭5,210,000‬

= 14.97%

Stock C:

= 1,260,000 / ‭5,210,000‬

= 24.18%

Stock D:

= 2,850,000 / ‭5,210,000‬

= 54.70%

Then calculate Portfolio Beta.

Portfolio beta = (6.14% * 1.50) + (14.97% * - 0.5) + (24.18% * 1.25) + (54.72% * 0.75)

= 0.7299

Required rate of return using Capital Asset Pricing Model (CAPM)

= Risk free rate + Beta * (Market return - risk free rate)

= 5% + 0.7299 * (10% - 5%)

= 8.65%

You are planning to buy a house in eight years. Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 5%? *.677

A)$6,770

B) $6,590

C) $7,470

D) $9,400

E) $10,000

Answers

Answer:

the answer is B

Explanation:

you are required to write a report and in this report you are to consider the importance of understanding the business environment​

Answers

Answer:

The understanding of its business environment helps an organization to make realistic plans and ensure their effective implementation. It also helps thebusiness enterprise in identification of opportunities and threats.

Explanation:

I am not sure if this is what you wanted

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