Your business can deduct 100% of food, beverage, and entertainment expenses incurred for recreational, social, or similar activities that are incurred primarily for the benefit of employees other than certain highly compensated employees (for example, food and beverages and entertainment at company picnics or company
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Answer:
The correct answer to the following question will be Option A (money collected through product sales).
Explanation:
- Revenue seems to be the amount of money a business generally earns for a given time, including promotions as well as exemptions for finished merchandise.
- Revenue is indeed the quantity of cash that always comes from the commercial operations of an organization. As throughout the price-to-sales measure, an equivalent to something like the price-to-earnings rate of return, which utilizes revenues in the divisor.
The other given choices are not related to the given circumstances. So that Option A would be the right answer.
Answer:
Current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace.
Explanation:
Answer:
The answer is: D) Licenses for functional intellectual property can be viewed as conveying a right of use.
Explanation:
Functional Intellectual Property (IP) is different from other IP since it must possess a standalone functionality. This means it must be able to perform a task, process a transaction, etc.
Because functional IP possess a standalone functionality, licensing agreements provide the customer immediate use of the functional IP. Therefore, revenue from licensing functional IP is recognized at the time the license is given.
If you set the selling price of each unit at $16, the expected profit per customer is: $6.
<h3>Expected profit</h3>
Using this formula
Expected profit=Lowest amount willing to pay-Marginal cost
Where:
Lowest amount willing to pay=$10
Marginal cost=$4
Let plug in the formula
Expected profit=$10 - $4
Expected profit= $6
Therefore if you set the selling price of each unit at $16, the expected profit per customer is: $6.
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