Treynor pie company is a food company specializing in high-calorie snack foods. it is seeking to diversify its food business and lower its risks. it is examining three companies—a gourmet restaurant chain, a baby food company, and a nutritional products firm. each of these companies can be bought at the same multiple of earnings. the following represents information about all the companies. company correlation with treynor pie company sales ($ millions) expected earnings ($ millions) standard deviation in earnings ($ millions) treynor piecompany + 1.0 $ 170 $ 8 $ 2.0 gourmet restaurant + .4 64 8 1.3 baby food company + .4 53 5 1.8 nutritionalproducts company − .7 71 6 3.6 a-1. compute the coefficient of variation for each of the four companies

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.