The statement above is TRUE.
In common law countries, ownership of an intellectual property is established by prior use while in code law countries ownership is established by the registration of that property. Which means that legal ownership in one country does not necessarily mean ownership in other countries.
Answer:
They can operate a business however they choose, but it must be fair and right to society.
Explanation:They must keep their hours everyday, fair prices, etc
Answer:
$26,000
Explanation:
The Sales volume variance can be calculated using the following formula:
Sales Volume Variance = Actual Sales ($) - Budgeted Sales ($)
Or you can also use the following formula:
Sales Volume Variance = (Actual Sales Units - Budgeted Sales Units) * Budgeted price per unit
Here
Actual Sales ($) is 77000 unit at $14 budgeted sales price per unit which means total sales in dollars was $1,078,000.
Budgeted Sales ($) is 79000 unit at $14 budgeted sales price per unit which means total budgeted sales in dollars was $1,104,000.
Sales Volume Variance = $1,078,000 - $1,104,000 = $26,000
Answer:
The Net cash is 436.000
Explanation:
To get net cash flow using the indirect method we must make adjustments to the net income.
It depends on the account if it is added or subtracted to net income
In this case,
Net income 400.000
Adjustment to reconcile the net income to cash
- Accounts receivable increase (40.000)
+ Depreciation expense 80.000
+ Prepaid expenses decrease 12.000
- Gain on sale of machinery (20.000)
+ Accounts payable increase 6.000
- Wages payable decrease (2.000)
Net cash 436.000
