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:
The correct answer is letter "C": the beneficiary.
Explanation:
In Law, a beneficiary is an individual or entity who receives a payment or a certain type of benefit from a benefactor. The benefit is provided because the benefactor incurred in a fault or as part of a fiduciary relationship with the beneficiary with the intention of continuing to do business.
Thus, <em>Eduardo is the beneficiary of First National Bank of Guatemala (benefactor) when they provide him a seller of jade for every amount of jade delivered to particular locations.</em>
Answer:
Margin of safety
Explanation:
The difference between at sales at break even point and current sales revenue is known as margin of safety.
Break even analysis requires the examination and computation of margin of safety for a company that is based on the associated costs and amount of revenue collected.
According to the accounting principles, margin of safety is known as the amount of sales or output level falls before the company reaches its break-even point.
Answer:
Explanation: Damaged goods are goods that do not meet up to the required standards of items to be sold and below are ways damaged goods are treated in the books:
1. Damaged goods are included in inventory at their net realizable value.
2. If damaged goods can be sold at a reduced price, they are included in inventory.
3.Damaged goods are not included in inventory if they cannot be sold
4. A loss in value is reported in the period when goods are damaged or become obsolete.
Answer:
D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
Explanation:
I just took the test and got it right
