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2 years ago

A friend shares a bootlegged copy of a movie on dvd. are you in violation of copyright laws by watching this dvd?

1 answer:

7 0

This qualify as violation of copyright laws, this is because you have reproduced the DVD for re-distribution, otherwise known as piracy. This is the situation whereby you produce the original copy of someones else's original work without their consent. By producing another copy of the DVD that would be violation of the copyright laws, therefore we conclude that what the friend did was illegal.

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Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i

vampirchik [111]

Answer:

1. Total of amortisation for 3 years = 16+17+19 = 52

Bonds issue price = 1000 - 52 = $948

Bond is sold at discount.

Amount of discount = Amount of amortisation over 3 years

= $52

Amount to be shown in balancesheet will be inclusive of the amortisation charge for the year

Bonds payable at the end of Year 1 = 948 + 16 = 964

Bonds payable at the end of Year 2 = 964 + 17 = 981

$60 is the amount of interest paid per annum. This is calulated on the facevalue of bond

$1,000x x6% = %60

$77 is the interest expense for Year 2.

This is sum of Interest paid and Amortisation charge for the year

= 60 + 17 =77

$17 is the amortization expence for Year 2

Opening balance of Bonds payable for Year 2 = $964

Market rate of interest = 8%

Interest charge for Year 2 = $77

Cash paid as interest = $60

Hence amortisaton charge for Year 2 = Interest expense - Interest paid = $77 - $60 = $17

$981 is the balnce of balance of bonds payble after Year 2

Balance for Year 2 = Opening balance payable + Amortisation expence for the Year (arived from Step 4c above) = $964 + $17

= $981

8 0

2 years ago

Dorsey Company’s partial worksheet for the month ended March 31, 2019, is shown below. Open the owner’s capital account (account

Irina18 [472]

Answer:

Net income is $6,100.

Net book value of Equipment is $21,200

Current assets is $25,400

Current liabilities is $9,900

Working capital will therefore be $15,500

Net Assets is $36,700

Capital Less owners drawings is $30,600

Retained earnings is $6,100

Total owners fund is therefore is $36,700

Explanation:

Adjusted trial balance

Fees income (cr) $24,600

Sales and expense (Dr.) $13,800

Rent expense (Dr.) $1,600

Suppliers expense (Dr.) $900

Depreciation (Dr.) $2,200

Equipment (Dr.) $32,000

Accumulated depreciation (cr.) $10,800

Cash (Dr.) $8,900

Accounts receivable (Dr.) $11,800

Supplier (Dr.) $4,700

Accounts payable (Cr.) $9,900

Capital (Cr.) $34,000

Drawings (Dr.) $6,100

Total debit $79,300

Total credit $79,300

5 0

2 years ago

Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3 per unit. Bluebird currently produces and sell

Orlov [11]

Answer:

Net income will increase by $11,250

Explanation:

Provided information,

Current sales = 75,000 units which represents 80% capacity

Therefore, 100% capacity = $\frac{75,000}{0.8} = 93,750 units$

Fixed cost at 100% capacity = $1.25 $\times$ 93,750 = $117,187.50

Therefore,

Current net income

Sales = 75,000 $\times$ $7.00 = $525,000

Less: Variable cost = 75,000 $\times$ $3.50 = $262,500

Less: Fixed Cost = $117,187.50

Net Operating Income = $145,312.50

Now with the additional order, which is of 15,000 units the additional ideal capacity of 20% will be utilized, further no fixed cost will be incurred, as the entire fixed cost for 100% capacity is utilized, thus

Sales = 15,000 $\times$ $3 = $45,000

Less: Variable cost = 15,000 $\times$ $2.25 = $33,750

Net Income = $11,250

Thus, the net income will increase by $11,250

5 0

2 years ago

You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly.

IrinaK [193]

Answer:

The solution is given in the attachments.

6 0

2 years ago

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Burt has a good job title and is recognized and respected at work. Burt’s job boosts his self-esteem and helps him feel confiden

muminat

stage 4

esteem needs is the fourth stage in maslow's hierarchy which are divided into two parts:( i) esteem for oneself (dignity,achievement,mastery and independence) and (ii) the desire for gaining reputation or respect from others(status and prestige).

6 0

2 years ago