Answer: Amortization Expense; Patents
Explanation:
The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.
The journal entry will be:
Debit Amortization expenses XX
Credit Patents XX
Therefore, the correct option is A.
Answer:
core competency
Explanation:
A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.
Answer:
$831,600
Explanation:
The budget must account for all of the production of the first quarter and 20% of the production of the second quarter, the number of boots considered in the budget is:

Assuming that each boot uses exactly 2kg of raw material and that the company has 19,200 kg on hand, the amount of raw material still required is:

If the cost per kg is $9, then the budgeted materials purchases cost for the first quarter is:

The budgeted materials purchases cost is $831,600.
Your answer is D :)
Hope this Helps!
Answer:
Concurrent powers are powers enjoyed by both the state and federal government. These powers may be exercised simultaneously, in the same area, and among the same group of citizens. For instance, residents of most states are required to pay both federal and state taxes.