Answer:
Foreign License
Explanation:
According to my research on different licensing agreements, I can say that based on the information provided within the question the term being described in the question is called a Foreign License. Like mentioned in the question this type of licensing is an arrangement between two companies to manufacture, distribute and sell the first companies product in countries outside the country of Origin.
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Answer:
d. all of these are possible results of rent controls.
Explanation:
Rent control is when the price of rent is set below the equilibrium price by the government or an agency of the government.
When rent control is done, supply falls as most suppliers would stop selling houses or leave the market. This can lead to the development of a black market to allocate apartments to renters or a longer search times for renters attempting to locate an apartment.
Alternatively, suppliers might reduce the quality of houses so as to reduce cost of production and maximise profit.
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Answer:
$86
Explanation:
Missing word <em>"What could be the net annual cost"</em>
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Monthly fee = $20
Interest rate = 4% = 0.04
Average monthly balance = $600
Net annual cost = $20*5 - 0.04*$600*7/12
Net annual cost = $100 - $14
Net annual cost = $86
So, the net annual cost of this account is $86.
Answer:
Depreciation / Amortization
Explanation:
Depreciation is an accounting concept that describes the process of allocating the cost of an asset over its meaningful life. Assets require a substantial amount of capital investments. Expensing the entire cost of an asset in one financial year is against the income and expense matching principle.
The business spreads the cost of the asset in each year that the asset is expected to generate revenue. The cost of the asset is divided equally with the number of its useful years. At the end of each year, the depreciation amount is charged to the profit and loss statement of the business.
Depreciation is the term used for tangible assets, while amortization is used for intangible assets. The two operate on the same concept.
<span>the journal entry to record the cost of goods sold would be n = 3500, t = 1/15, n/30</span>