Answer:
false
Explanation:
In common law, the right of publicity refers to the ownership and control of the commercial exploit of a company's or a person's image or persona. E.g. forged t-shirts with the names and logos of professional sports teams are in direct violation of the right of publicity.
In this case, there was no commercial exploitation of the plaintiff's name, so there cannot be a violation of the right of publicity.
Answer:
3 years
Explanation:
The computation of the payback period is shown below:
Payback period = Initial investment ÷ Net cash flow
where,
Initial investment is $15,000
And, the net cash flow would be
= Year 1 + year 2 + year 3 + year 4
= $5,000 + $5,000 + $5,000 + $5,000
= $20,000
As we see that the net cash flow is recovered in three years that means net cash flows and the initial investment are equal
So,
Payback period would be
= $15,000 ÷ $15,000
= 3 years
Answer:
The primary difference between product markets and factor markets is that:
Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.
while
Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.
Answer:
If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.
Explanation:
The dividend is shown while preparing the retained earning statement. So, it does not affect the net income.
The highly liquid marketable securities does not show a decline in the current assets
If the long term bonds are issued to purchase fixed assets it would show under the long term liabilities and the long term assets rather than the current assets and the current liabilities
Account receivable are reported in the current assets rather than the current liabilities
We know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
If the dividend amount is more than the net income so the ending balance of retained earning will decline than its beginning year balance.
Answer:
$900
Explanation:
Given that
Total repair up to end of year = 12
Estimated need to be repaid = 8
Average cost = $45
The computation of warranty expense for the current year is shown below:-
For computing the warranty expense for the current year first we need to find out the total repaired cost which is here below
Total repaired cost = Total repair up to end of year + Estimated need to be repaid
= 12 + 8
= 20
Warranty expense for the current year = Average cost × Total
= $45 × 20
= $900
Therefore for computing the warranty expense for the current year we simply applied the above formula.
