When a patent has a book value of $75,000 on the company's books, the company estimates that the future cash flows from the patent are $45,000. The present value of the expected future cash flows is $30,000. The company should record a journal entry that:. a. debits Loss on Impairment for $45,000.
b. credits Loss on Impairment for $30,000.
c. debits Patent for $45,000.
d. credits Patent for $30,000.

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.