Answer:
The correct answer is the option: False.
Explanation:
To begin with, the primacy effect, in the fields of psichology and sociology is known as a cognitive bias and is part of a serial-position effect among with the recency effect. Moreover, the term<u><em> refers to the tendency to recall the information at the beginning only</em></u> of a list better that the information in the middle and at the end of that same list.
Secondly, the recency effect is the one that establishes that a person tends to recall the items at the end better that the items at the beginning or middle.
Answer:
$714,000
Explanation:
Amortization is the systematic allocation of the cost of an intangible asset to the income statement. While depreciation happens to a tangible asset, amortization happens to an intangible asset such as patent, trademark etc.
Mathematically,
Amortization
= Cost of asset / estimated useful life
= $1,190,000/10
= $119,000
At the start of 2020,
Carrying amount of patent
= $1,190,000 - 2($119,000)
= $952,000
Annual amortization from then, given that economic benefits of the patent would not last longer than 6 years from the date of acquisition (hence 4 years remaining)
= $952,000/4
= $238,000
Carrying amount reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020
= $952,000 - $238,000
= $714,000
Sustainable development is a joint approach among those who seek economic growth with "wise resource management, equitable distribution of benefits and reduction of negative effects on people and the environment from the process of economic growth".
<u>Answer:</u> Option C
<u>Explanation:</u>
An ideological movement for achieving the goals of human progress while at the same time maintaining the capacity of earth's natural to provide the natural resources and ecosystem services on which the economy and society rely is understood as "sustainable development".
One illustration of sustainable development is the use of recycled materials or renewable resources when constructing another is building a new community in a formerly unexplored area without damaging the habitat or harming the environment.
Answer:
A salesperson talking about the advantages of the washing machines at his store.
Explanation:
There is a certain criteria of calling a transaction as selling. There must be some offerings for exchange of some money, or any other article.
When a sales person in the store of washing machines, then it is obvious that all the machines in the store are kept as an offer to buy, further when the salesperson provides the description and that the salesperson targets to attract more customers. Therefore, there is an offering of the product.
Accordingly it will be termed as sales.
In any other case there is no article served for sale.
The answer is a.True
The cost of the fixed asset is already excluded from the net income. In this case, the rate of return can be computed by the total net income divided by the cost of the fixed asset. So that would be $200,000/$400,000. The rate of return would be 50%