Answer:
c) Electronic Data Interchange
Explanation:
Based on the scenario being described within the question it can be said that this information technology is called Electronic Data Interchange or EDI for short. This technology allows one company to send large sets of data/information to another company electronically as opposed to other physical delivery methods of communication. Which in this case the electronic method that will be used are electronic bar codes.
Answer:a. Web and e-mail
Explanation:A survey is a method of gathering information from a number of individuals, known as a sample, in order to learn something about the larger population from which the sample is drawn.
Web surveys or internet surveys are defined as a data collection method where surveys or questionnaires are sent over the internet to a sample of respondents and they can respond to this survey over the world wide web. Respondents can be sent web surveys via various mediums such as email, embedded over the website, social media, etc. In web surveys, respondents answer the questionnaire with the help of a web browser and the survey responses are stored in web-based databases.
Answer:
b. buy up patents in order to collect royalties and sue other companies.
Explanation:
Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Patent trolls buy up patents in order to collect royalties and sue other companies. This ultimately implies that, patent trolls are individuals or companies that are mainly focused on enforcing patent infringement claims against accused or potential infringers in order to win litigations for profits or competitive advantage.
<em>Hence, patent trolls are not interested in using the patent to produce new products or be innovative, rather they are for profits, licensing fees or to stifle competition. </em>
Answer:
Explanation:
Date Unit Unit cost Total Goods sold Cost Total
May 1 28 9 252 28 9 252
May 15 26 10 260 26 10 260
May 24 39 11 429 26 11 286
Total 93 941 80
1) Weighted average unit cost = 941/93 = $10.118
FIFO method
2)Ending inventory (93-80)*11 =$ 143
FIFO method assumes that the first set of inventory are the first to be sold
LIFO method
LIFO assumes that the last set of inventory are the first to be sold
Goods Sold Cost Total
39 11 429
26 10 260
15 9 135
Ending Inventory = (93-80)*9 = $117
Average Cost Method
Ending Inventory = 13 * 10.118 =$131.534
