Answer:
The appropiate Journal Entry would be the following:
Amortization Expense Dr. $5.25 million
Patent Cr. $5.25 million
Explanation:
According to the given data, we have the following:
Original Cost of patent = $18.90 million
Hence, Annual Amortization (Old) = 18.90/9 = $2.1 million
Amortization till Date (2017 - 2021) = 2.1*4 = $8.4 million
Hence, Unamortized Value = 18.90 - 8.4 =$ 10.5 million
Also, Remaining Life = 6 - 4 = 2 Years
Therefore, The New Amortization = Unamortized Value/Remaining Life = 10.5/2 = $5.25 million
The appropiate Journal Entry would be the following:
Amortization Expense Dr. $5.25 million
Patent Cr. $5.25 million
At the profit-maximizing output, this firm's total profit will be $280.
<h3>Who is a monopolist?</h3>
A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70
Total profit = 70 x 4 = $280
To learn more about monopolies, please check: brainly.com/question/10441375
If we accept "consumer satisfaction" as the objective of our MACRO-marketing system, this means that <span>each consumer should decide how best to satisfy his or her own wants. In marketing, there are 4 Ps which are product, price, plan and promotion. Regarding MACRO-marketing, this is the study on how marketing (the 4 Ps) impacts our economy and society. Since each consumer can decide what is best for them, experts then see what each consumer desires and tries to make items appeal to them. </span>
Answer:
1. $3,067
2. B) $129,127.
Explanation:
a. The computation of amount deposit in transit is shown below:
The amount of deposit in Transit = Balance as per Cash Book as on 30th Sept - Cheque outstanding realized - Bank charges - Balance as per Bank Book
= $12,596 + $6740 - $16 - $16,253
= $3,067
Deposit in Transit inflates the general ledger initially till it is credited in the bank book.
b. The computation of balance should Cardinal's Cash account show
Cash Account should show a balance = Bank Statement Balance as on May 31 - Outstanding Cheque on May 31
= $180,974 - $51,847
= $129,127
As we can see that the cash account balance is less because there is an outstanding
<u>D. A premium rooftop restaurant in the same city</u> will be a part of Golden Harvest's strategic group.
<u>Explanation</u>:
A 5 Star Hotel is a hotel that provides a luxury service to its customers through its operation. It is operated to serve their guest at high level. The materials, tables and each and everything used in the five-star hotel are set with high quality. They provide utmost care to their guest.
In the above scenario, Golden Harvest is the restaurant that is operated inside a five-star hotel. They provide quality dining to their customers. The customers visiting the restaurant expect only the quality and they don’t bother about the prices.
This shows that <u>a premium rooftop restaurant in the same city will be a part of Golden Harvest’s strategic group.
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