customers are always right
don't argue with the customers
don't switch to tags
Answer:
b. 3,000
Explanation:
The computation of the Patent Amortization Expense in the first year is shown below:
= Legal fees to acquire a patent ÷ estimated useful life
= $30,000 ÷ 10 years
= $3,000
Only the legal expense would be amortized in a year.
And, the lesser period of legal life i.e 20 years and useful life i.e 10 years would be taken in the computation part. So, the lesser time period would be considered i.e useful life of 10 years
Based on the information given, it can be illustrated that the form of business organization that's depicted is a business trust.
A business trust is also known as common law trusts. They are legal instruments that provide a trustee the authority and power to be able to manage the interest of a beneficiary in a business.
Since Overseas Shipping Corporation and Port Storage Company transfer their assets to Quality Operations, Inc., which manages the assets and distributes the profits to the beneficiaries. This is known as a business trust.
Learn more about businesses on:
brainly.com/question/24388522
Answer:
domestic investment will <u>increase</u> and net exports will <u>decrease</u> .
Explanation:
Previously in trade balance, If world Interest falls : It becomes comparatively lesser than relatively higher domestic interest rate. And makes domestic country a lucrative investment destination. This relatively higher domestic will lead to capital inflows & increase domestic investment.
When our currency is demanded more for capital inflows, its excess demand in foreign exchange market appreciates the currency & reduces exchange rate. At lower exchange rate & appreciated currency value, our exports become expensive & imports cheaper. This reduces exports & increases exports , hence reduces Net Exports.
<span>The Board of Governors of the Federal Reserve will intervene when its member banks run low on currency and coin. The Federal Reserve or the Fed is the American central bank. It was created in 1913 and its purpose is to implement the US government's monetary policy. The Fed is independent of the US Congress, but Congress is allowed to review the Fed's activities. The Board of Governers consists of seven members who are each appointed by the President of the United States</span>
