On July 1, 2017, Brigham Corporation purchased Young Company by paying $250,000 cash and issuing a $100,000 note payable to Steve Young. At July 1, 2017, the balance sheet of Young Company was as follows.

Cash 50,000
Accounts Receivable 90,000
Inventory 100,000
Land 40,000
Buildings (net) 75,000
Equipment (net) 70,000
Trademarks 10,000
435,000
Accounts payable 200,000
Stockholders' equity 235,000
435,000
The recorded amounts all approximate current values except for land (fair value of $ 60,000), inventory (fair value of $ 125,000), and Trademarks (fair value of $ 15,000).

1. Prepare the July 1 entry for Brigham Corporation to record the purchase.

2. Prepare the December 31 entry for Brigham Corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with a residual value of $3,000.

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?

Northern lights electronics just completed plans to distribute its new tablet. the product has several unique features that differentiate it from competitor products. the marketing team plans to begin a roll-out with to only one traditional retailer for the first two months. this strategy will give consumers the perception of the product’s stand-out personality and increase demand. marketing will proceed with for the next four months, where it plans to distribute to three other retailers, as well. for the last six months of the year, it will initiate distribution agreements with discount retailers and online retailers, and any other electronics store that wants to carry it. the marketing team is confident that the tablet will cycle through the first three stages of its product life cycle quickly. as the tablet reaches maturity during the second half of its first year in the market, it is good strategy to proceed with as described above. intensive distribution; selective distribution; exclusive distribution exclusive distribution; selective distribution; intensive distribution tertiary level distribution; secondary level distribution; mono-level distribution mono-level distribution; secondary level distribution; tertiary level distribution

Which theorem states that no two species competing for the exact same resources can coexist? which theorem states that no two species competing for the exact same resources can coexist? resource partitioning principle complex community network principle dominance species principle competitive exclusion principle?