Investing $2,000,000 in tqm's channel support systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (refer to the tqm initiative worksheet in the compxm. xls decisions menu.) looking at the round 0 inquirer for andrews, last year's sales were $163,712,225. assuming similar sales next year, the 1.7% increase in demand will provide $2,783,108 of additional revenue. with the overall contribution margin of 34.2%, after direct costs this revenue will add $951,823 to the bottom line. for simplicity, assume that the demand increase and margins will remain at last year's levels. how long will it take to achieve payback on the initial $2,000,000 tqm investment, rounded to the nearest month?

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.