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2 years ago

Patents are an example of which of the following?

Business

1 answer:

Kitty [74]2 years ago

6 0

Answer: Option (B) is correct.

Explanation:

Correct option: limited-life intangible assets.

Patents are considered as a intangible assets. Patents are the intellectual property that a owner can use to exclude others from making, selling and coping technology but for a limited number of years.

In most of the nations patent rights fall under the civil law and if a person wants to take benefit of their patent right then he have to sue someone for infringing the patent to enforce his right.

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Please tell whether inventory is beneficial or not for businesses with a large number of customers? Why?

enot [183]

Answer:

I don't know how it is possible

3 0

3 years ago

Read 2 more answers

Baker Corporation has provided the following production and total cost data for two levels of monthly production volume. The com

kipiarov [429]

Answer:

$1,078,560

Explanation:

The computation of the total manufacturing cost is shown below:

= Direct material + direct labor + manufacturing overhead cost

where,

Direct material = cost of 6,000 units × (estimated units ÷ given units)

= $194,400 × (6,300 units ÷ 6,000 units)

= $204,120

Direct Labor = cost of 6,000 units × (estimated units ÷ given units)

= $74,400 × (6,300 units ÷ 6,000 units)

= $78,120

Manufacturing overhead = cost of 6,000 units × (estimated units ÷ given units)

= $758,400 × (6,300 units ÷ 6,000 units)

= $796,320

Now put these values to the above formula

So, the value would equal to

= $204,120 + $78,120 + $796,320

= $1,078,560

6 0

2 years ago

Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a par

Sliva [168]

Answer:

Timothy has an excess business loss of $ 0. He may use $ 290,000 of his share of the $580,000 LLC business loss to offset non-business income .

Prada has an excess business loss of $40,000. She may use $250,000 of her share of the $580,000 LLC business loss to offset non-business income .

Any excess business loss is treated as part of the treated as part of the taxpayer's net operating loss (NOL) carry-forward.

Explanation:

1. Nonincome loss is claimed when there is no income and therefore no tax will be deducted. The is conditional on the provision of the details of income on which non-income loss is claimed.

2. Taxpayer's net operating loss (NOL) carry-forward is relevant here because it is often used to offset the tax payments in other tax period through the tax authority when allowable deductions is higher than taxable income.

8 0

3 years ago

You get an offer for a credit card that charges 13.99% interest APR, compounded monthly. What effective annual interest rate doe

nirvana33 [79]

14.9228% effective annual interest rate does this credit card charge.

What is interest?

Interest is the fee you charge for lending money or the expense of borrowing it. The actual amount plus interest must be paid, plus a percentage.

The annual interest rate formula is

EAR=(1+r/m)m−1

r = interest

m = monthly

EAR= (1+13.99% / 12)12−1

EAR= (1+0.139912)12−1

EAR = 0.149228

EAR = 14.9228%

Hence, the significance of the interest is aforementioned.

Learn more about on interest, here:

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3 0

7 months ago

Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou

Hatshy [7]

<h2>Cost of goods sold of Baxter's Company = 3,06,000</h2>

Explanation:

Cost of goods sold = +Purchase + Direct Exp+ Opening Inventory - Closing Stock

85,000 + 3,23,000 - 1,02,000 = 3,06,000

6 0

2 years ago