Johnson Industries acquired a patent on January 2nd, 2015, for $18,000. The patent was estimated to have a useful life of five years. On July 1st, 2017, the company incurred legal fees of $7,500 to successfully defend the patent in an infringement suit. How much amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017

Answers

Answer 1
Answer:

Answer:

The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.

Explanation:

Amortisation Expenses for 2017

So Amortisation on Original Cost: ($18000/5)    =   $ 3600

Amorisation on legal expenses                            =   $ 1500

(7500 x 6months/ Remaining life(i.e. 30 months)  

          Total Amortisation Expenses for 2017        = $ 5100

Therefore, The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.


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Answers

Answer:

B

Explanation:

A Weak Dollarby The Columbus Dispatch, September 7, 1999If the price of buying a car starts rising in the United States, consumers may need to look no further than the dollar's recent slide against major foreign currencies.On the other hand, economically depressed Midwestern farmers may find it easier to sell surplus grain overseas if a weak dollar makes it cheaper for foreigners to buy U.S. goods.The dollar spent much of last week on the skids, flirting with its lowest level of the year against the Japanese yen...It also has lost ground to the euro.The passage MOST LIKELY relates toA)the national debt.B)the exchange rate.C)the inflation rate.D)the stock exchange

Answers

Answer:

C) the inflation rate.

Explanation:

This article is refers to the currency exchange rate between the US dollar, the Japanese yen, and the euro.

Since the US dollar depreciated against the Japanese yen ($1 buys less yens), the price of imported cars increased. Since the US dollar lost value, American exports were cheaper, so they would naturally increase since they would be more attractive to foreign buyers. In the last part it also mentioned the euro and the similarities with the yen.

You were recently hired by RLM Inc. It is your job to prepare reports and analyze financial information related to the company. It is most likely that you are a _____ accountant. a. forensic b. government c. public d. management

Answers

Answer:

d. management

Explanation:

Based on the job tasks described within the question it seems that you were recently hired as a management accountant. This role focuses on (like mentioned in the question) preparing reports and analyzing as much financial information as possible in order to best inform yourself, so that you can help you make the best and most strategic decisions for the organization. Which seems to by why RLM Inc. has hired you.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

A supervisor in a large hardware store wants to encourage his older workers to seek out on-the-job training so they will keep themselves familiarized with new products. One way to do so is to build the sense of _______________ in these older workers.

Answers

Answer: Self-efficacy

Explanation:

Self-efficacy refers to an individual's confidence in performing the behaviors necessary to achieve the results. To develop self-efficacy, the person must work on itself and this is achieved by preparing itself in the area required to be able to fulfill the tasks assigned. There is also confidence, a person who has the knowledge to solve something but who feels that he cannot do it will contribute to not doing what is expected.

A person's perception of himself influences every aspect of his life. How he carries out his activities and how he relates to others is part of this. In many companies, they try to motivate their employees so that they can be able to further develop their potential, which will lead to a better job.

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Answers

Nobody like losing money. Market correction is something that no one canforecast. To protect ourselves from market correction, here are some ways youcan take:

1.   Avoid listening tofinancial analysts. Ignore the predictions.

2.   Study the kind ofmarkets you put your money into. Understanding how they work can help you alot.

3.   Be ready to risk.

4.   Avoid being impulsiveon your decisions.

5.   Think about the risksand the probability of a potential return; from there you can decide what youneed to do.  

A major premise of a socialist system is?

Answers

Hey there! 

The correct answer to your question is: To minimize the inequality during the spread of wealth.

A major premise of a socialist system is to minimize the inequality during the spread of wealth.

Thank you! 

Final answer:

The major premise of a socialist system is the idea of community ownership and regulation of resources, with a focus on equality and social welfare.

Explanation:

The major premise of a socialist system is the idea that the means of production, distribution, and exchange should be owned or regulated by the community as a whole rather than by private individuals. In a socialist system, resources are allocated based on the needs of society rather than profit motives.

Thus, this means that total goods and services would be distributed based on equality and fairness, with the goal of reducing inequalities and promoting social welfare. For example, in a socialist healthcare system, healthcare services would be provided to everyone regardless of their ability to pay, ensuring that access to healthcare is a right for all members of society.

Learn more about Socialism here:

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