when an inventor gets a patent for his work,it means the goverment will buy a specific amount of the invention

andre [41]

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

Explanation:

4 0

3 years ago

The property tax on a rental house owned by Mr. Janey increased by $1,200 this year. Mr. Janey increased the monthly rent charge

MAXImum [283]

Answer:

Both will bear

Explanation:

Both Mr. Janey and Ms. lacey will bear the incidence of the property tax increase because Mr. Janey has only shifted $540 ( $45 x 12) of the total $1200 by increasing the monthly rent charge of his tenant Ms. lacey by $45/month. Mr. Janey will pay only $660 of $1200 increase in tax and remaining will be paid by Mr Lacey.

6 0

4 years ago

How to estimate elasticity?

andrezito [222]

The formula for calculating elasticity is: Price Elasticity of Demand=percent change in quantitypercent change in price Price Elasticity of Demand = percent change in quantity percent change in price .

7 0

3 years ago

The Delphi technique is a useful way to gather opinions from experts who

netineya [11]

Answer:

The answer is option B) The Delphi technique is a useful way to gather opinions from experts who desire anonymity.

Explanation:

The Delphi method seeks to collate opinions from a diverse set of experts, and it can be done without having to bring everyone together for a physical meeting.

Since the responses of the participants are anonymous, individual panelists don't have to worry about the consequences of their opinions.

Consensus takes time since opinions are carefully analyzed, making the method very effective.

It is an exclusive process used to arrive at a group opinion or decision by surveying a panel of experts.

Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.

The experts can adjust their answer each round, based on how they interpret the group response provided to them to assess.

The ultimate result is meant to be a true consensus of what the group thinks whilst retaining the anonymity of the respondents.

5 0

4 years ago

Read 2 more answers

Profitability Analysis Kolby Enterprises reports the following information on its income statement: L04 Net sales ......... . ..

notsponge [240]

Answer:

Gross profit percentage = Gross profit / Net sales

= (Net sales - COGS) / Net sales

= (250,000 - 150,000) / 250,000

= 40%

Return on sales ratio = EBIT / Net sales

= (Gross profit + other income - Administrative expenses - Other expense - Selling expenses) / Net sales

= (250,000 - 150,000 + 15,000 - 10,000 - 10,000 - 50,000) / 250,000

= 18%

<u>With new product:</u>

Gross profit percentage = Gross profit / Net sales

= (Net sales - COGS) / Net sales

= (250,000 + 45,000 - 150,000 - 38,000) / (250,000 + 45,000)

= 36.3%

Return on sales ratio = EBIT / Net sales

= (Gross profit + other income - Administrative expenses - Other expense - Selling expenses) / Net sales

= (250,000 + 45,000 - 150,000 - 38,000 + 15,000 - 10,000 - 10,000 - 50,000) / (250,000 + 45,000)

= 52,000 / 295,000

= 17.6%

3 0

3 years ago