Answer:
Current Asset = $50,000
Explanation:
Current asset is the asset that can be converted to cash within a year or a short period.
Wicked Wicker Company
Current Assets
Cash $ 26,000
Accounts receivable 17,000
Prepaid insurance <u> 7,000</u>
Total current assets $50,000
Cash is the most liquid asset, so it is a current asset. Accounts receivable can also be collected within a year. So, it is also an existing asset. Insurance is taken for one year in advance; hence, it is a current asset.
The answer is: by issuing a patent for the technology
Without patent for the technology, Existing large companies could not copy the inventions made by smaller new companies and beat them in the market with sheer capital amount. Issuing patent provide opportunities for smaller inventors to enter the market.
I think its warranties hope this helps
The two important conditions are: <span>allocative efficiency and productive efficiency.
Allocative efficiency refers to a condition when the amount of production is awlays match the appropriate marginal benefit that the consumers get.
Meanwhile, the productive efficiency refers to a condition when the market could no longer produce additional goods without sacrificing another good</span>
Answer:
Option B is correct
The maximum price to be paid is = $64000
Explanation:
To determine the the maximum price we would compute using the relevant costs of internal production.
<em>The maximum price to be paid to external supplier should be the total relevant costs associated with internal production.</em>
Total relevant cost of internal production = 34,000 + 15,000 +9000 + 6000
The maximum price to be paid is = $64000
Note that the fixed overhead of $6000 is associated with the internal production the balance of 4,000 is irrelevant and would be incurred either way.
