One advantage of modularization is that it simplifies its own manufacturing systems. With this, companies can separate their material cost and product development, and they can also optimize their total product cost through increasing the potential of the variety of products, having a fast product development and upgrade, having a better time-to-market, service support, aftermarket, and lastly, enabling continuous market and product improvement.
Answer:
If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges
Explanation:
Policy loans can generally amount up to 100% of the cash surrender value of the policy, in this case C only requested $10,000 (1/3 of the cash value). This type of loan is fully collateralized by the cash value of the policy and the borrower can even miss some payments or pay on a later date because interests keep adding.
This type of loan can carry a fixed or variable interest rate, depends on the insurer.
If C surrenders his policy, he will receive the total cash surrender value minus the loan amount = $30,000 - $10,000 = $20,000
If C dies, his beneficiaries would receive the full benefits minus the loan amount = $100,000 - $10,000 = $90,000
Answer:
A. Patent: government license that provides title over an invention and right to use for a certain amount of time.
B. Research and development costs: costs incurred to develop new products or processes.
C. Trademark: a brand name or symbol that is registered under an individual or a business.
D. Intangible assets: non-physical assets, e.g. patents
E. Copyright: the legal right that the owner of a work (e.g. song, movie) possesses to decide who can use his work or not, and charge a fee for it.
F. Plant assets: asset that is used to generate revenue and whose useful life is more than one year.
G. Goodwill: when a business is sold, it represents an intangible asset associated with the reputation of the business.
H. Franchise: a business model where a franchisee starts a business by using someone else's (franchisor) business model and know how.
Answer:
Explanation:
- Compute the adjusted bank balance
- Add any unrecorded bank fees to the balance per bank
- Add deposits in transit to the balance per bank
-Subtract any outstanding checks from the balance per bank
