Being a customer advocate is a major factor underlying repeat sales.
If you always vouch for your customers, and try to provide them with goods of best quality, they will be more likely to buy more of your stuff and always return to your company for products. Thus, it is good to be on friendly terms with your customers.
Answer:
c. a patent should be amortized over the shorter of the inventor's life or its economic life
Explanation:
Which of the following statements concerning intangibles is true?
a. a copyright should be considered an intangible with an indefinite life
b. organization costs must be expensed as incurred
c. a patent should be amortized over the shorter of the inventor's life or its economic life
d. the registration of a trademark or tradename lasts for 20 years and is non-renewable
Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention. A patent should be amortized over the shorter of the inventor's life or its economic life.
Types of patents include:
1. utility patents
2. design patents
3. plant patent
Copyright gives the inventor of a product and anyone they give the permission to the right to reproduce the product. Copyrights have limited lives
A collateralized mortgage obligation (CMO) makes an interest-only payment to an investor. This payment will be <u>investors</u>
<h3>What is
collateralized mortgage obligation?</h3>
In order to satisfy the needs of investors, a collateralized mortgage obligation (CMO) repackages and directs the payments of principle and interest from a collateral pool to various types and maturities of securities.
The first CMOs were developed in 1983 for Freddie Mac, a supplier of mortgage liquidity in the United States, by the investment banks Salomon Brothers and First Boston. Although Dexter Senft eventually got an industry award for his services, Lewis Ranieri led the Salomon Brothers team and Laurence D. Fink led the First Boston team.
A CMO is not due by the institution that established and ran the business; rather, it is a debt instrument issued by an abstraction, or special purpose entity.
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Answer:
B. It would increase each year by 3 percent.
Explanation:
Given
Pension = $50,000 in first year
Increment = 5%
Inflation = 2%
Inflation doesn't only affect the value of an investment, it also influence the liabilities of a pension fund.
Consider a pension plan which gives a worker a benefit based on final average salary; A slight increase in the inflation would reduce the worker's real benefits in the years after retirement.
So, instead of Terry's pension to increase by 5% each year,
It'll increase by 3%
This is calculated by subtracting the inflation rate from the real increment rate.
5% - 2% = 3%
It will be 45 weeks until the album sells fewer than 2000 copies.
We can look at the equation (0.96)^x = 2000/12400 to find the number of weeks, x, that the 4 percent reduction will yield the ratio of sales endpoint to sales now. We can solve the equation by taking a log of both sides in order to isolate the x variable. Using the natural log, we'd have x*ln(0.96) = ln(2000/12400). Solving this shows x to be ~=44.69525, so we round up to 45 weeks. We can confirm our solution by verifying that 0.96^45 is indeed less than 2000/12400. (0.159.. < 0.161...)