All categories

3 years ago

What type of business is basically a special type of licensing agreement?

2 answers:

4 0

The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.

A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.

Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.

Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.

The correct alternative is letter A.

Find out more about partnership here:

brainly.com/question/25012970

Sav [38]3 years ago

4 0

Answer: a franchise

Explanation:

You might be interested in

Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000

Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts A/c $310,000

To Accounts Payable A/c$310,000

(Being the inventory is purchased)

2. Accounts Receivable A/c $520,000

To Sales Revenue A/c $520,000

( Being inventory is sold)

3. Cost of Goods Sold A/c $335,000

To Inventory A/c $335,000

(Being inventory is sold )

Learn more about Inventory, here:

brainly.com/question/26533444

#SPJ1

8 0

2 years ago

Falcon Co. produces a single product. Its normal selling price is $26 per unit. The variable costs are $16 per unit. Fixed costs

xxTIMURxx [149]

Answer:

Effect on income= $10,290 increase

Explanation:

Giving the following information:

Falcon can handle the special order, and for this order, a variable selling cost of <u>$2 per unit would be eliminated.</u>

<u>Because it is a special order that would not affect current sales, we won't take into consideration the fixed costs.</u>

<u></u>

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income= Number of units sold*unitary contribution margin

Effect on income= 1,470*(21 - 14)

Effect on income= $10,290 increase

6 0

3 years ago

What is the largest category calculated when using the expenditure approach to calculate GDP?

Leya [2.2K]

When using the expenditure approach, we are looking at the total spending of a business that is included in the equation to compute for GDP. For this, I would say government purchases is the answer because government purchases would take up the biggest chunk of a country's revenue for development and imports.

4 0

4 years ago

What is a credit limit? AThe required payment to your credit card company. BHow many credit cards you can own. CThe amount of in

Zolol [24]

B how many credit cards you can own

7 0

4 years ago

If the level of incomes rises for high-income workers but doesn't change for low-income workers, then poverty will not change an

Aloiza [94]

If the level of incomes rises for high-income workers but doesn't change for low-income workers, "then poverty will not change and inequality will rise."

<h3>What is poverty?</h3>

Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But poverty goes far beyond simply not having enough money.

According to the World Bank, poverty is as follows:

Hunger is poverty.
Absence of shelter is poverty.
Being sick and unable to visit a doctor is poverty.
Being illiterate and lacking access to education are both aspects of poverty.
Living day by day and not having a job are all signs of poverty.

Some faces of poverty is also-

Poverty has been characterized in a variety of ways and takes on several forms that vary from place to place and over time.
Most of the time, people desire to get out of poverty.
Therefore, poverty is a call to action for both the wealthy and the poor, a call to alter the world so that more people may have access to food, shelter, education, and healthcare, as well as protection from violence and a voice in local affairs.

Therefore, rarely is there a single source of poverty. Some people don't have enough money due to a number of circumstances, including growing living costs, low salary, unemployment, and insufficient social security benefits.

To know more about factors cause poverty in low-income nations, here

brainly.com/question/1985270

#SPJ4

7 0

2 years ago