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Butoxors [25]
4 years ago
10

Ask a question. Get an answer. tm User: 3) Define the term premises

Business
1 answer:
Drupady [299]4 years ago
6 0
1. verb
to set forth beforehand, as by way of introduction or <span>explanation.
</span>
2. noun
<span>a tract of land including its <span>buildings.</span></span>
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On January 1, Year 1, Lowing Company acquired a patent from Generics Research Corporation for $3 million. The legal life of the
pickupchik [31]

Answer:

The amount of amortization expense each year is $500,000.

Explanation:

This can be calculated as follows:

Patent original cost = $3,000,000

Salvage value after 5 years = $500,000

Number of years to use before selling it = 5 years

Therefore, we have:

Annual amortization expense = (Patent original cost - Salvage value after 5 years) / Number of years to use before selling it = ($3,000,000 - $500,000) / 5 = $500,000

Therefore, the amount of amortization expense each year is $500,000.

4 0
3 years ago
The _____ principle holds that when industrial activity poses a risk, even if the threat is as yet poorly understood, prudence c
Nikitich [7]

<span>It is a precautionary principle when industrial activity poses a risk, even if the threat is as yet poorly understood, prudence calls for restraint. set of methods and procedures for aligning corporate strategies, policies, and operations with principles that protect ecosystems. </span>

4 0
3 years ago
Owen decides to sell his ranch, Pine Ridge, in a live auction. When the auctioneer puts the property up for bids, it will be a.
lianna [129]

Answer:

a. an invitation to submit offers, not an offer itself.

Explanation:

When a property is to be sold at an auction it involves an invitation for interested buyers to submit offers to the seller. The seller will now consider the offers and see the best one for him.

There is usually no price stated for the auction and seller goes for the highest bid.

If however if the seller says that there is no reserve price or that the reserve price was met, it can now be considered an offer in itself.

In this case Owen is offering the property at a live auction and does not state requirements for a reserve price

6 0
4 years ago
Producers' surplus is __________.
evablogger [386]

Answer:

the difference between the price a seller receives for a good and the minimum price for which he would have sold the good. 

Explanation:

Producer surplus is the difference between the price a seller sells her goods and the least price she would be willing to sell her goods.

Consumer surplus is the difference between the price a buyer pays for a good and the highest price he would have paid for the good.

I hope my answer helps you

4 0
3 years ago
In early November, department stores begin to prepare for upcoming holiday sales. Retail stores often make 25 percent or more of
natali 33 [55]

Answer: The correct answer is "(A) Motivation".

Explanation: The purpose of this meeting will be <u>Motivation,</u> because Nancy Cardigan will look for ways to motivate employees who, after the long summer months, are not prepared for the intense burden of Christmas sales, therefore they will try to implement the various motivational techniques such as the payment of bonuses, incentives , etc.

8 0
4 years ago
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