Amortization of Intangibles On January 1, Boulder Investments Inc. acquired a franchise to operate a Burger Doodle restaurant. Boulder paid $154,400 for a 10-year franchise and incurred organization costs of $12,000. Required: 1. Prepare the journal entry to record the cash payment for the franchise fee and the organization costs. If an amount box does not require an entry, leave it blank. Jan. 1 - Select - - Select - - Select - - Select - Jan. 1 - Select - - Select - - Select - - Select - 2. Prepare the journal entry to record the annual amortization expense at the end of the first year. If an amount box does not require an entry, leave it blank. Dec. 31 - Select - - Select - - Select - - Select -

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Which law would encourage more people to become homeowners but not encourage risky loans that could end in foreclosure? options: offering first time homebuyers tax-free accounts to save for down payments requiring all mortgages to be more affordable, interest-only loans outlawing home inspections and appraisals by mortgage companies limiting rent increases to less than 2% a year