A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and acrrued expenses
Answer:
payback period is 5 years
Explanation:
given data
net initial investment = $2000000
annual cash inflow = $400000
useful life = 8 year
to find out
payback period
solution
we know here initial investment of equipment and cash inflow increase
so here payback period will be express as
payback period = net investment / cash inflow ..............1
put here value in equation 1
payback period = net investment / cash inflow
payback period = 2000000 / 400000
payback period = 5
so payback period is 5 years
Answer:
d. Patents give firms an incentive to spend money on research and development.
Explanation:
Connor argues that the consumers are worse off due to the high prices as a result of patents. The prices would be much lower if patents were not applicable because the MC per unit is always low.
But as Connor argues patents provide an uncentive to producers to invest in R & D whch benfits the consumers in the LR both in terms of product variety and cost reduction.
Answer:
to increase the level of employee satisfaction
Explanation:
Redesigning a product or service does not necessarily have to do with improving employee satisfaction, but it would be great if it does it as a side effect.
Redesigning a product or service costs money, and usually a lot of money, so c company must perform a cost benefit analysis before doing so. The main reason why a company would carry out a redesign is simply to increase consumer demand and total sales. This is generally achieved by increasing the quality of the product or service, and therefore consumer satisfaction. It can also do it to lower production costs, which also increases profits.
Answer:
Cost Containment
Explanation:
The reason is that the cost is the main factor when the the market players have equivalent capabilities and the firm then tries to manage the overall cost of the organization so that it can offer the product at the discount to the competitor's product. This lower cost gives the competitors advantage which the company utilizes in their best interest.
