Yes, there could still possibly be a trademark violation on the name wizard, even if there is no confusion about which company it was when going to site. This is because the company in California had the name first and most likely had trademarked the name for their business.
Answer:
b. An income statement account,
Explanation:
The allowance for doubtful debts accounts is not an income statement account because it has not yet been regarded as a bad debt expense which would be shown in the income statement as an expense.
It is a contra asset account that would be deducted from the asset it relates to in the balance sheet(the accounts receivable)
So also, it is an estimate of the uncollectible portion of the accounts receivable.
Finally, the fact it is reflected in the balance sheet means it is a balance sheet account.
Answer:
0.75 claims per hour
Explanation:
The goal is to determine the single factor productivity of the Insurance adjuster.
Step 1: Know the formula for Singe Productivity
Single Factor Productivity= Units Produced/ Labour Hours Used
Step 2: Calculate the productivity
Units Produced = 6 (the Procesing of the claims of six policy holders)
Labour Hours used = 8 (The number of hours used to process the claims per day)
Single factor Productivity= 6/8 = 0.75 claims per hour.
Answer:Cross elasticity of demand = -1.25
Explanation:
Cross elasticity of demand= Per entage change in quantity of commodity A (plates)/ Percentage change in price of commodity B(cups)
Percentage change in quantity demanded for plates = (New quantity - old quantity/ old quantity ) x 100
={ (4450-4950)/4950] ×100
=-500/4950
= - 0.10×100= - 10%
Percentage change in price of cups =(New price - old price/ old price) x 100 [(4.05-3.75)/3.75]×100
=0.3/ 3.75
= 0.08×100= 8%
Cross price elasticity of demand = - 10%/8%
= - 1.25
Here, the cross elasticity of demand for these goods of cups and plates is negative(-1.25) showing that they are complementary goods since as the price for cups increases, the demand for plates decreased.