Path To College Mathematics
Path To College Mathematics
1st Edition
ISBN: 9780134654409
Author: Martin-Gay, K. Elayn, 1955-
Publisher: Pearson,
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Chapter C, Problem 31ES
To determine

The ratio of the average amount of Coca-Cola beverages drunk by Mexicans to the average amount by Coca-Cola beverages drunk by Americans.

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Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: Expense Date Amount Attorney fees for articles of incorporation February 10 $ 40,500 March 1-March 30 wages March 30 6,550 March 1-March 30 rent Stock issuance costs March 30 2,850 April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. April 1 May 30 24,000 16,375 c. What amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 [not including the amount determined in part (b)]? Note: Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. Start-up costs amortized Organizational expenditures amortized
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