Answer:
a. Patent development and registration costs incurred in 2020.
Dr Patent 11,200 (only patent registration fees)
Dr Research and development expense 49,600
Cr Accumulated depreciation 6,400
Cr Cash 54,400
b. Legal fees paid in 2021.
Dr Patent 4,800
Cr Cash 4,800
c. Amortization expense in 2021.
Dr Amortization expense 607.50
Cr Patent 607.50
($11,200/20 x 9/12) + ($15,000/20 x 3/12) = $607.50
d. Amortization expense in 2022
Dr Amortization expense 750
Cr Patent 750
This statement is true. This is because in any economy, as the population size increases, the capital per worker decreases correspondingly.
Answer:
A. customer relationship management.
Explanation:
Based on the scenario being described within the question it can be said that in this scenario, Five Elements Spa is using customer relationship management. This refers to an approach of managing a companies various interactions between the company and it's current and future potential customers , with the main goal of retaining the current customers and bringing in newer potential customers. Which is what the company is doing by regularly keeping in touch with their customers.
The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that <span>the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question. </span>
