The purpose of patents is to Encourage innovation by helping firms recoup the costs of research and development.
<h3>What do patents do?</h3>
They are a way to encourage innovation by protecting the rights of the innovator to be the only one to benefit from selling the innovation for a certain amount of time.
This allows the innovator to recoup the amounts they spent on the innovation without worrying about competing with others who will copy the technology.
In conclusion, option B is correct.
Find out more on patents at brainly.com/question/711313.
Answer:
Budgeted direct labor costs is $155,000 divided by budgeted hours of production of 9,000 would give standard direct labor costs of $17.22 per hour of production. Budgted direct material costs is $165,000 divided by budgeted hours of production of 9,000 would give standard direct material costs of $18.33 per hour of production. The standard cost of direct labor and direct material is used to calculate flexible budget.
Total costs consists of direct material costs plus direct labor costs plus fixed overhead costs. Direct material costs under flexible budgeting is calculated as actual hours of production of 10,000 multiplied by standard costs of $18.33 which would give budgeted costs of $183,333. Direct labor costs under flexible budgeting is calculated as actual hours of production of 10,000 multiplied by standard costs of $17.222 which would give budgeted costs of $172,222. Fixed overhead costs would remain same under flexible budgeting as fixed overhead does not change with change in volume of activity. Direct material costs of $183,333 plus direct labor costs of $172,222 plus fixed overhead costs of $15,000 would give total costs of $370,556 under flexible budgeting.
Answer:
d. $166,000
Explanation:
Under the weighted average method, cost to be accounted =
cost ending work in process inventory of $18,000 + cost of unit to be transfer out of $148,00
Answer: $168,000
Explanation:
Cash balance at the end of the year = Cash Inflows - Cash outflows
Cash Outflows
= (Merchandise purchased - Account payables) + Salaries + Interest + Insurance
= (235,000 - 38,700) + 28,100 + 2,600 + 8,900
= $235,900
Cash Inflows
= (Sales - Accounts receivables) + Investment by partners + Amount borrowed
= (378,000 - 47,000) + 47,000 + 26,000
= $404,000
Cash Balance = $168,000
Note: The options are most probably for a similar question.
In this chapter, we will explore the theory that underpins the place component of the marketing mix (or Four Ps), which we introduced in Chapter 1 and why this is important for marketers to understand. The chapter will provide an overview of the four major distribution channels used by manufacturers to get their product into the hands of the consumer, focusing in particular on the consumer goods (food and grocery) retail channel. The chapter provides important introductory retail channel and format definitions (terminology) which every consumer goods retail marketer needs to know when making decisions about what products to sell in which retail stores. The chapter also looks at how the product travels to market, providing a basic overview of the consumer goods supply chain in South Africa, with a view of some of the key developments and trends to watch.
- The term Place refers to the distribution and physical availability of the product, in other words, where a product is sold and how it gets there. The goal is to make the product available where consumers will buy it in the quantities and pack sizes they need. For example, a chocolate manufacturer such as Nestlé sells its products at a wide range of outlets, including supermarkets, cinemas, garage convenience stores, vending machines, wholesalers and online.
- The different avenues available for a manufacturer to make their product available to consumers to buy are known as distribution (or marketing) channels.
- A distribution channel is made up of interdependent organizations, (referred to as intermediaries or marketing intermediaries), that help to make a product (or service) available for use or consumption by the consumer or business user.
Complete question: Explain the chapter you Save store distribution policy.
To learn more about uSave store distribution visit:brainly.com/question/28027721
#SPJ4