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Minchanka [31]
2 years ago
5

Riser Corporation was granted a patent on a product on January 1, 1998. To protect its patent, the corporation purchased on Janu

ary 1, 2007 a patent on a competing product which was originally issued on January 10, 2003. Because of its unique plant, Riser Corporation does not feel the competing patent can be used in producing a product. The cost of the competing patent should be
Business
1 answer:
creativ13 [48]2 years ago
5 0

Answer:

c. amortized over a maximum period of 11 years.

Explanation:

The patent is an intangible assets which is to be reported on the current asset side of the balance sheet

Like other intangible asset i.e goodwill, trademarks, and other intellectual properties are also shown on the asset side of the balance sheet

These assets should be amortized, not it is depreciated

In the given case, the patent should be amortized over a maximum period of 11 years

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An angry customer approaches a supermarket associate to complain. After hearing the complaint, what is the first thing the assoc
BaLLatris [955]

Answer: The associate should say something like " I understand why you feel that way. How can I improve or fix this situation for you?" and try to diffuse the situation. After the customer leaves, the supermarket associate should report this to the manager.

Hope this helps!  :)

Explanation:

8 0
3 years ago
Data pertaining to a company's joint production for the current period follows
Ainat [17]

Answer:

a. $295.81

Explanation:

Total market value = (310 * 10.2) + (260 * 20.4)

Total market value = 3,162 + 5,304

Total market value = 8466

Joint cost allocated to L on basis of value

= [ (310 * 10.2) / 8,466] * 792

= (3,162 / 8,466) * 792

= $295.81

4 0
3 years ago
If the margin of safety is 0, then a.the margin of safety cannot be less than or equal to 0; it must be positive. b.the company
sdas [7]

Answer:

d.the company is precisely breaking even.

Explanation:

Margin of safety is referred to current sales - Break even sales ratio to current sales as a percentage.

Basically it is quoted as follows:

\frac{Current\ sales\ -\ Break-even\ Sales}{Current\ Sales} \times 100

Therefore, when the current sales = Break even sales then only the company will have margin of safety = 0

Thus, at 0 margin of safety the company basically is at no profit no loss situation, that is break even.

3 0
2 years ago
Suppose the elasticity of demand for your parking lot spaces, which are located in a downtown business district, is –1.8, and th
LekaFEV [45]

Answer:

ELASTIC

DECREASING PRICE

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

The demand for your parking lot spaces is elastic. if the price of parking is reduced, the demand for parking would rise

4 0
3 years ago
How we can improve saving culture​
balu736 [363]

Answer:

answer

<h2><em><u>Here are six ways you can cultivate a savings culture:</u></em></h2>
  • <em><u>Here are six ways you can cultivate a savings culture:HAVE A BUDGET.</u></em>
  • <em><u>Here are six ways you can cultivate a savings culture:HAVE A BUDGET.CONTRIBUTE MORE TO YOUR RETIREMENT. Stop procrastinating when it comes to retirement planning. ...</u></em>
8 0
2 years ago
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