In 2021, space technology company modified its model z2 satellite to incorporate a new communication device. the company made the following expenditures: basic research to develop the technology$2,000,000 engineering design work 680,000 development of a prototype device 300,000 acquisition of equipment 60,000 testing and modification of the prototype 200,000 legal and other fees for patent application on the new communication system 40,000 legal fees for successful defense of the new patent 20,000 total$3,300,000 the equipment will be used on this and other research projects. depreciation on the equipment for 2021 is $10,000.during your year-end review of the accounts related to intangibles, you discover that the company has capitalized all of the above as costs of the patent. management contends that the device simply represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized.

required: prepare correcting entries that reflect the appropriate treatment of the expenditures. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) record the correcting entry for the patent.

Can you name the traditional features of the mapuche economy? what are they?

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability