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ivanzaharov
1 month ago
13

Tolan Corp.'s trademark was licensed to Eddy Co. for royalties of 15% of sales of the trademarked items. Royalties are payable s

emiannually on March 15 for sales in July through December of the prior year, and on September 15 for sales in January through June of the same year. Tolan received the following royalties from Eddy: March 15 September 15 2013 $5,000 $7,500 2014 6,000 98,500 Eddy estimated that sales of the trademarked items would total $30,000 for July through December 2014. In Tolan's 2014 income statement, the royalty revenue should be _______?
Business
1 answer:
marusya05 [3.7K]1 month ago
4 0
In Tolan's 2014 income statement, royalty revenue amounts to $103,000. Explanation: The royalty revenue for Tolan in the 2014 income statement will include the royalties for January to June paid in September 2014, and those from July to December to be received in March 2015. The amount received for the first half of the year totals $98,500, which applies to that time period. The royalty, calculated as 15% of sales, leads to an estimate of $30,000 for the latter half, producing an additional $4,500. Consequently, the overall royalty income for 2014 totals $103,000.
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List at least 12 electrical notations found on the plans for this residence. refer to the plans at the back of the text.
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Answer:  
Devices & Their Corresponding Symbols 
Device 
Name 
 Device
 Symbol
 
 Device
 Image 
 Commentary 
 Notation 
 plan note symbol    
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 switch electrical symbol 
 light switch  
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 4-way switch electrical symbol 
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 duplex switched receptacle electrical symbol 
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 duplex GFCI receptacle  
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 duplex waterproof receptacle electrical symbol 
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 single receptacle electrical symbol 
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