Answer: An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible
1. They lack physical existence.
2. They provide long-term benefits.
3. They are classified as long-term assets.
Explanation:
Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. You can divide intangible assets into two categories: intellectual property and goodwill. Intellectual property is something that you create with your mind, such as a design.
Answer:
-$720 unfavorable
Explanation:
The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $18 per pound × (610 pounds - 650 pounds)
= $18 per pound × -40 pounds
= -$720 unfavorable
Simply we take the difference between the standard quantity and the actual quantity and then multiply it by the standard price so that the correct value can come
Answer:
3) Social needs
Explanation:
Hierarchy of needs dictates that first comes the psychological factors which mean that employees are able to satiate their basic raw needs of food and shelter, then comes the security which ensures their job safety and stability in their jobs. The third factor is the social needs where they need to belong and have the sense of belonging to their work community and not feel left out. Esteem and self actualization are the last parts of the pyramid that requires workers to seek our recognition and personal growth and makes them want to enjoy status.
Hope that helps.
