Answer:
B) May often lead to an inefficient outcome in representing consumer preferences compared to the private market for goods and services.
Explanation:
By definition the "Condorcet paradox (or th voting paradox) in social is a situation noted by the Marquis de Condorcet in the late 18th century, in which collective preferences can be cyclic, even if the preferences of individual voters are not cyclic". And that can be extrapolated to Business since the people tend to change their preferences in a cyclic process.
A) Leads to a superior outcome in representing consumer preferences compared to the private market for goods and services.
False the paradox is not about the comparison between consumer and private market.
B) May often lead to an inefficient outcome in representing consumer preferences compared to the private market for goods and services.
Correct duee to the cyclic change we will have an inefficient outcome in order to describe the consumer preferences in all the markets.
C) Is no different from the private market for goods and services in terms of representing consumer preferences.
That's FALSE the private market have own characteristics and typical patterns associated to the consumer preferences.
D) May not lead to an efficient outcome but certainly leads to a more equitable outcome in terms of distributing goods and services.
We can't ensure that we will have more equitable outcome since the the paradox not ansure this, but we can say that we will have an ineffcient outcome since the preferences will change.
A(n) __________ is anything that incites, rouses, or provokes (motivates) consumers to take an action, think, experience emotions, or respond in some other way.1. Incentive2. Need3. Motive4. Stimulus5. Want
Answer: Stimulus
Explanation:
In marketing, stimulus is anything that influences consumers to act in a particular desired way.
A stimulus could be in the form of price reduction, bonuses, free products given, spreading payment across a period etc.
The correct answer is 4. Stimulus.
Explanation
A stimulus is a term used to refer to the impact or influence that an action has on a system. For example, in the case of living beings, the stimulus is that which causes response or reaction from the body. This term is also used in the economic area to refer to an action that causes consumers to purchase a good or service, generally, the stimuli are discounts, promotions, consumer benefits, among others, that make the consumer consider that acquiring that service is either at a reasonable price and that it is going to allow you a greater benefit than what you would normally receive. For example, a stimulus can be the end of season discounts, which allow the buyer to be motivated to buy more products for a small discount.
UPS and FedEx both struggle to deliver the surge of packages they receive during the December holiday season. According to an article in the Wall Street Journal, in 2014, both firms considered charging firms such as Amazon rates that would be 10 percent higher for packages delivered during the week before Christmas. Such higher rates would likely have increased the profits of both firms. Neither UPS nor FedEx raised rates during the holiday season of 2014, but both firms did raise them during the 2016 holiday season. Use game theory to explain why in 2014 neither firm raised rates during the holiday season, but two years later both firms did. Sources: Laura Stevens, "UPS, FedEx Got Back on Time This Holiday," Wall Street Journal, December 29, 2014; and Paul Ziobro, "UPS Earnings: What to Watch," Wall Street Journal, January 30, 2017. In 2014 neither firm raised rates during the holiday season because they were
Answer:
both UPS and FedEx were in the middle of a prisoner's dilemma.
Explanation:
A prisoner's dilemma refers to a business situation where both companies would win higher profits if they both decided to raise their prices during the 2014 holiday season, but they both were afraid that the other company would not raise their prices, therefore the company that did raise their price would end up losing money. As a consequence of their fears, both companies decided to make the worst possible decision which was not increasing their prices.
Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance revenue, it is
a. assuming that the demand for university education is elastic
b. assuming that the demand for university education is inelastic.
c. assuming that the supply of university education is elastic.
d. ignoring the law of demand.
Answer:
Correct option is (b)
Explanation:
Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.
Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.
Certain requirements apply to the retention of email communications by Investment Advisers under the Investment Advisers Act of 1940. Which statement is true with regard to such e-mail communication regulations?[A] All e-mails, business related or not must be maintained as correspondence[B] Business related emails are required to be maintained as correspondence[C] Retention of email communications are kept at the discretion of the investment advisor[D] Emails are not required to be preserved
Answer:
B. Business Related Emails are required to be maintained as correspondence
Explanation:
In the Investment Advisers Act of 1940, Rule 204-2, Advisers are required by regulation to keep various kinds of books records, therefore any email that falls into one of such kinds should be kept the way books and other physical records will be kept.
For instance, the Act of 1940 states that all originals of communications should be kept, these include those sent to and received from brokers, members, and dealers relating to the business.
It futher states that firms should maintain accounts, books, memoranda and correspondence that relate to the business.
As such, since email communications by Investment Advisers are termed as business related correspondence, they fall under the category of correspondence records that should be mainted by nvestement Advisers.
Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner What of insurance policy may be used to fund this agreement?
1. Term insurance only
2. Permanent insurance only
3. Universal life insurance only
4. Any form of life insurance
Answer: (4) Any form of life insurance
Explanation:
According to the given question, any type of the life insurance policy are used for purpose of funding the interest financially of deceased partner.
In this type of life insurance policy we made an agreement between the holder of life insurance policy and the insurer based on the critical or terminal illness of the person.
It is basically used into the form of two types that is whole life or for the short term contract basis. Therefore, Option (4) is correct.
Any form of life insurance can be used to fund a including Term, Permanent, and Universal life insurance, permitting the surviving partner financial ability to buy the deceased partner's interest in the business.
Explanation:In order to fund a buy-sell agreement that allows one partner to financially buy the interest of a deceased partner, any form of life insurance can be used. This includes term insurance, permanent insurance, and universal life insurance. The type of insurance policy chosen will depend on the specific needs and preferences of the partners involved.
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Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):_________
Answer:
Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):
Non Exempt SecurityExplanation:
Uniform Securities Act is such an act that provide assistance in the law enforcement and regulation to the Securities and Exchange Commission of the United States of America. Under this act, a structured security issued by an investment bank is a non exempt security and these securities remain non-exempt under both federal law and state law.A structured security is basically similar to the investments like bonds which are not backed by the physical asset. They are backed by the promise of the issuing bank.Ally is known for not listening in meetings and for misunderstanding directions. Ty has decided to take a new approach with her, regardless of whether he is speaking with her or sending her an e-mail. The last thing he asks Ally to do is use her own words to tell him what she is supposed to do. How does Ty want Ally to respond?
a.by decoding
b.by encoding
c.by providing feedback
d.by eliminating noise
e.by paraphrasing
Answer:
e.by paraphrasing
Explanation:
Based on the information provided within the question it can be said that Ty wants ally to respond to what he just said by paraphrasing what he told her. This means that he want's her to repeat everything that he just told her but in her own words. That way he makes sure that Ally heard and understood everything that Ty has just said.
Ty wants Ally to respond by paraphrasing, using her own words to show her understanding of the instructions, serving as feedback to ensure the message was accurately received.
Explanation:Ty wants Ally to respond by paraphrasing. This means that Ally should use her own words to reflect her understanding of the instructions given to her. The practice of paraphrasing is a form of providing feedback, which helps to ensure that the message has been understood correctly. It is a key communication skill that involves both decoding the message that was conveyed and then encoding it anew in the individual's own language. This is different from simply repeating what was said; it requires processing and interpretation, which in this case, aims to address Ally's challenges with not listening and misunderstanding directions. Paraphrasing helps to eliminate misunderstandings that can be considered as noise in the communication process.
Veronica plans to open a checking account with her $1 comma 200 tax refund check. She believes she can maintain a $500 minimum balance. Also, she estimates that she will write 14 checks per month and will use other banks' ATMs as many as 18 times per month. Which bank should Veronica choose.
Answer:
Hillsboro bank for the lowest monthly charge.
Veronica should choose a checking account that aligns with her financial habits, specifically one that offers low or no fees for check writing and ATM usage, as well as taking into consideration any additional banking features that cater to her financial management strategies.
The student's question is about deciding which checking account Veronica should choose based on her financial habits, such as maintaining a minimum balance, the number of checks she will write, and ATM usage. It involves comparing different banks' account features like minimum balance requirements, check-writing fees, and ATM fees. Veronica needs an account that will accommodate her estimated 14 checks per month and frequent use of other banks' ATMs. When choosing a bank, Veronica should look for one that offers low or no fees for check writing and ATM usage to ensure that her $1,200 tax refund check is utilized effectively and her $500 minimum balance is maintained without incurring unnecessary charges.
For example, if Bank A charges for ATM use and has a limit on free checks per month, while Bank B offers free unlimited check writing and a certain number of free ATM transactions at other banks, Veronica should opt for Bank B to minimize her expenses. Additionally, she should consider if any bank offers additional benefits like direct deposit incentives or automatic transfers to help manage her finances, as per the provided reference information. Personal finance management strategies like those mentioned, including direct deposit, automatic bill pay, and the use of different accounts for budgeting purposes, can also influence Veronica's decision.
The following information pertains to Fox Corp.'s issuance of bonds on July 1, 20x8:
Face amount $800,000
Term 10 years
Stated interest rate 9%
Interest payment dates Annually on July 1
Yield 6%
At 6% At 9%
Present value of 1 for 10 periods 0.558 0.422
Future value of 1 for 10 periods 1.791 2.367
Present value of ordinary annuity
of 1 for 10 periods 7.360 6.418
What should be the issue price for this bond?
a. $700.
b. $807.
c. $864.
d. $1,000.
Answer:
It will be issued at $807
Explanation:
The bonds will be issued at the sum of the present value of the coupon payment and maturity discounted at the market stated rate of 9%
Coupon Payment:
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
Coupon payment face valiue x coupon rate:
$1,000 x 6% = $60
time 10 years
market stated rate 0.09
[tex]60 \times \frac{1-(1+0.09)^{-10} }{0.09} = PV\\[/tex]
PV $385.0595
Maturity present value:
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity $1,000.00
time 10 years
market rate 0.09
[tex]\frac{1000}{(1 + 0.09)^{10} } = PV[/tex]
PV 422.41
We add both values and achieve the market value of the bonds
PV coupon $ 385.0595
PV maturity $ 422.4108
Total $ 807.4703
Rounding we got the right answer as $ 807
Which of these are reasons for the increase in ethical violations among business leaders in the 21st century?
The increase in ethical violations among business leaders in the 21st century could be attributed to the growth of corporate power, complexity of business processes, and a cultural shift towards materialism.
Explanation:
Several reasons can account for the increase in ethical violations among business leaders in the 21st century. First, the growth of corporate power and influence has led to an environment where the potential benefits of unethical behavior, such as increased profit margins or market dominance, can outweigh the perceived risks. Second, the ever-increasing complexity of business processes and globalization can make it more difficult to maintain oversight and control, leading to a higher chance for unethical conduct. Lastly, the cultural shift towards materialism and the glamorization of wealth and success can lead some business leaders to rationalize unethical actions as a means to an end.
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The accurate reasons for the increase in ethical violations are:
Companies are expanding operations into developing countries where ethical risks may be higher and laws less protective.
Digital communications increase exposure to risk from both hackers and whistle-blowers.
More flexible regulations.
The increase in ethical violations among business leaders in the 21st century can be attributed to several factors. Let's explore each option provided to identify the accurate reasons:
Companies are expanding operations into developing countries where ethical risks may be higher and laws less protective.
As businesses globalize, they often operate in developing countries with less stringent regulations and oversight, which can increase the chance of unethical behavior. Navigating diverse legal environments and cultural norms can create complex challenges for maintaining ethical standards.It has become customary for business leaders to self-report unethical behavior.
This statement is not accurate. Self-reporting unethical behavior is uncommon; it is usually detected by internal audits, external investigations, or whistle-blowers. Business leaders generally aim to avoid exposure of unethical practices.Digital communications increase exposure to risk from both hackers and whistle-blowers.
The rise of digital communications indeed plays a role. With more data being stored and exchanged electronically, the risk of unethical practices being exposed by hackers or whistle-blowers has increased. Furthermore, social media can rapidly amplify and disseminate information about unethical activities.More flexible regulations.
Regulatory environments can vary significantly. In some cases, less stringent or more flexible regulations can lead to an increase in unethical behavior because there is less oversight and accountability. However, it's also important to note that regulations like the Sarbanes-Oxley Act have been implemented to increase accountability and deter unethical behavior.Complete Question:
Question: Which of these are reasons for the increase in ethical violations among business leaders in the 21st century?
Multiple select question.
Companies are expanding operations into developing countries where ethical risks may be higher and laws less protective.
It has become customary for business leaders to self report unethical behavior.
Digital communications increase exposure to risk from both hackers and whistle-blowers.
More flexible regulations.
A person in the BLS survey is classified as employed if s/he did _________ work for pay or profit during the survey week.
1. 10 hours
2. 20 hours
3. 30 hours
4. any
Answer:
any
Explanation:
As long as a person works from 10hours and above for work or profit during a survey week, such aperson is classified as employed.
Cheers.
Watercraft, Inc., employs Vladimir as a sales agent for a trial period. At the end of the period, Watercraft and Vladimir disagree on the amount of the commissions Vladimir is due for sales that he made. Vladimir may demand (select one):
a. a constructive trust.
b. an accounting.
c. nothing.
d. specific performance.
Answer: an accounting
Explanation: Accounting is the method of documenting business-related financial transactions. The accounting procedure involves the review, analysis, and disclosure of these activities to supervisory authorities, legislators, and taxation bodies.
Accounting helps all the stakeholders as the financial statement prepared depicts all the current and past information about the company. Hence from the above we can conclude that the correct option is B.
After receiving the seller's transfer disclosure statement, buyer Clark Rivers is not satisfied that ALL has been revealed. He's heard rumors that a previous tenant died of AIDS inside the very home he would like to buy. Clark demands to know if this is true, since it was not mentioned on the disclosure statement. Which of the following is the appropriate legal response the broker must give to Clark's query?
Answer: -675
Explanation:
youhave to multiply then add then subtract then you are done
Natalie has an easement to drive across Donald's road. Which of the following circumstances would terminate this easement?A. Sale of Natalie's propertyB. Sale of Donald's propertyC. Revocation of the easement by DonaldD. If Donald bought Natalie's property
Answer:
C. Revocation of the easement by Donald
Explanation:
The easement may still be valid after the sale of Donald's property and can be revoked by Donald.
Marley Office Goods budgeted 12,000 and produced 11,000 tape dispensers during June. Resin used to make the dispensers is purchased by the pound. Standards and actual costs follow for June: Standard Actual Materials 2 pounds @ $5.00 a pound 20,900 pounds @ $4.90 a pound Labor .25 hours @ $15.00 per hour 2,700 hours @ $15.30 per hour Variable Overhead $3.25 per dispenser $36,500 Fixed Overhead $1.50 per dispenser $17,250 How much is the standard cost of one tape dispenser?
The standard cost of one tape dispenser for Marley Office Goods is $18.50. This includes costs for materials, labor, variable overhead, and fixed overhead.
The student has asked to determine the standard cost of one tape dispenser.
To calculate this, we need to sum up the standard costs for materials, labor, variable overhead, and fixed overhead.
Materials: 2 pounds × $5.00 per pound = $10.00Labor: 0.25 hours × $15.00 per hour = $3.75Variable Overhead: $3.25 per dispenserFixed Overhead: $1.50 per dispenserAdding these costs together gives us the standard cost per tape dispenser:
$10.00 (Materials) + $3.75 (Labor) + $3.25 (Variable Overhead) + $1.50 (Fixed Overhead) = $18.50
Therefore, the standard cost of one tape dispenser is $18.50.
__________ refer to the tendency to overestimate the influence of personality factors when interpreting the actions of people
Answer: fundamental attribution error
Explanation:
Fundamental attributional errors as a result of judging someone actions based on their past behavior or the person's disposition rather than on the situation that they are in.
An example of fundamental attribution error is in marriages, where a wife assumes her husband is angry with her as he usually is, rather than considering if he had a bad day at work.
A property is purchased for $480,000. The land is valued at 10% of the initial purchase price of the property. Given a 39 year depreciation term, what is the annual depreciation expense?
Answer:
$11,076.92
Explanation:
Data provided in the question:
Purchasing cost of the property = $480,000
Value of land = 10% of the initial purchase price of the property
Depreciation term = 39 years
Now,
Annual depreciation
= [ Beginning depreciable basis ] ÷ [ Depreciation term ]
also,
Beginning depreciable basis = Purchasing cost of the property - Value of land
= $480,000 - $48,000
= $432,000
Therefore,
Annual depreciation = $432,000 ÷ 39 years
= $11,076.92
Which of the following is the most direct method of focusing on changes in the company’s balance sheet and income statement?a. Calculating key ratios and comparing them from period to periodb. Comparing account balances in the statements from one period to the nextc. Performing a vertical analysisd. Performing a horizontal analysis
Answer:
Performing a horizontal Analysis
Explanation:
Particularly in the case of investigating fraud and error, horizontal changes are the most direct way of focusing on changes because rather than the vertical which looks at the change as a percentage of Sales or Total Assets, the horizontal looks at change in each item from period to period, and takes the change amount as a percentage of the initial year's amount. i.e (Year 2 amount - Year 1 amount) / Year 1 amount = % Change in item in consideration.
Budgeting software is often designed as a component of the company's Enterprise Resource Planning (ERP) system.
a. true
b. false
Answer: True
Explanation: Enterprise Resource Planning refers to a process management software which enables an institution to get an interconnected application process to run the business and simplify many technologies.
On the other hand, budgeting software refers to the software which are used by businesses to effectively ascertain and maintain their budget. Thus, budgeting process is also a component of enterprise resource planning as it also interconnects and impacts number of activities and implies activities for the organisation through a digital medium.
Generally, large companies manage their activities by using custom made budgeting software that can be operated easily through their overall enterprise resource planning system.
Final answer:
The correct answer is a. true. Budgeting software is typically a part of an ERP system, which helps companies align financial operations with other business functions, though implementing an ERP like SAP or PeopleSoft can be extensive.
Explanation:
Budgeting software is indeed often designed as a component of a company's Enterprise Resource Planning (ERP) system. This integration allows companies to streamline their financial operations and align their budgeting processes with other business functions managed within the ERP, like logistics, human resources, and inventory management. Using ERP systems such as SAP or PeopleSoft requires a significant time commitment for implementation and can fundamentally affect how business is conducted, highlighting the complexity and importance of budgeting as part of such comprehensive business systems.
A client is losing motivation to exercise, so his trainer recommends spending 15 min before his next session thinking about the feelings of accomplishment, sounds, and smells experienced during his last session. This is an example of which of the following?
a. Self-monitoring
b. Remodeling
c. Diffusion
d. Imagery
Answer:
The answer for the question is Imagery
Explanation:
The trainer wants him to get motivated for next session as much as the previous session that he is already motivated to train. Therefore, trainer wants him to remember how he felt in previous session. To made him remember, trainer uses his feeling by make him imagine that he is taking the previous session again.
The physical flow reconciliation is a report that:
A. computes the equivalent units of production. reconciles the physical units started in a period with the physical units completed in that period.
B. reconciles the physical units in beginning inventory with the physical units in ending inventory at the end of the period.
C. reconciles the physical units started in a period with the physical units in ending inventory at the end of the period.
Answer: The correct answer is "A. reconciles the physical units started in a period with the physical units completed in that period.".
Explanation: The physical flow reconciliation: reconciles the physical units started in a period with the physical units completed in that period.
Through this process it is possible to control, how many units are started in a period and how many are finished in that period.
Answer:
A
Explanation:
A farm equipment manufacturer has already spent $3 million in research and development to design a new model of tractor. To produce the tractors, the company will have to contract to rent a factory for a year at a cost of $20 million, and will then spend an additional $10,000 per tractor in materials and wages. The company estimates that it can sell 2,000 tractors per year at a certain price, and concludes that it should produce the tractors. What is the lowest price the company could be using in this calculation?
Answer:
$20,000
Explanation:
Data provided in the question:
Amount spent on research and development = $3 million
Rent = $20 million = $20,000,000
Materials and wages = $10,000 per tractor
Number of tractors to be sold = 2,000
Now,
The lowest price will be when the company attains the break-even
thus,
At break-even point
Total cost = Total revenue
let the lowest cost be 'x'
therefore,
2,000x = $20,000,000 + ( $10,000 × 2,000 )
or
2,000x = $20,000,000 + $20,000,000
or
2,000x = $40,000,000
or
x = $20,000
Angela and Ralph at Tablerock Foods believe they have come up with a delicious low-calorie dessert, but they have some doubt about which of two promotional and pricing campaigns will be better received by consumers. In this instance, they probably should proceed to the ____ stage of the new-product development process
A) business analysis
B) commercialization
C) screening
D) test marketing
E) product development
Answer: D) test marketing
Explanation: the is one of the stages in products development where the choice of the consumer is acertained,this helps to know if the consumers are satisfied with the quality and quantity of the product which will give a clearer picture to Angela and Ralph on the possible price for the low calorie desert. During this test consumers are allowed to freely make their choice and are not given prior information as it regards the test marketing exercise.
Many of the negative effects companies have on the environment could be offset by _________ government regulation, but such regulation could also __________ impact industry and the economy.
Answer:
Increased, Negatively
Explanation:
Government regulations are important to eliminate the negative effect of companies and industries on the overall environment. Government regulations help to apply certain restrictions which help to improve the environment and surrounding, but at the same time, it negatively affects the profitability of the companies. Overall, the government must implement policies to resolve environmental problems but such regulation should not negatively affect the industry and the economy.
What is coinsurance? A. Both parents have employer-sponsored insurance coverage for their children. B. Two insurance companies combine to offer group insurance coverage. C. An employee pays all out-of-pocket expenses before the insurance takes effect. D. The insured pays a percentage of covered expenses.
Answer:
D. The insured pays a percentage of covered expenses
Explanation:
The insured is the person who stands to benefit from the insurance plan or policy. Hence, in coinsurance, the person who is known as the insured for whom the insurance policy is being purchased has a duty to make certain contribution for the premium ( i. e. amount expected to be paid to the insurance company periodically).
Chuck Diesel Burger is a food truck in Houston, Texas. Imagine that Chuck Diesel Burger’s minimum average total cost (ATC) is $3.75 and that its minimum average variable cost (AVC) is $2.50. Assume there are no barriers to entrer into or exit from the food-truck market.Chuck Diesel Burger will shut down if the price is equal to
a) $4.00.
b) $3.75.
c) $3.00.
d) $2.50.
e) $2.00.
Answer:
E, $2.00
Explanation:
If the price of burger goes below both the average total cost and average variable cost, then Chuck diesel Burger will run at a loss and eventually shut down operation.
since the aim of the businees is to make profit while attending to the needs o fits customers, the burger can be sold for the other prices in the options and the food truck business will remain and stay alive and operating well.
Cheers.
The value of Mike Jackson’s shares in the New Frontiers Technology Fund is $51,400. The management fee for this particular fund is 0.80 percent of the total asset value. Calculate the management fee Mike must pay this year
Answer:
$411.2
Explanation:
It is simply about finding the 0.80 percent of $51,400
Management Fee to Pay = Total Asset Value X 0.80%
= Total Asset Value X 0.80/100
= $51,400 X 0.80/100
= $51,400 X 0.008
= $411.2
Management Fee to be paid by Mike this year is $411.2
Externalities affect the economic efficiency of a market equilibrium by causing a difference between:________
A. the marginal private cost of production and the marginal social cost of production.
B. the marginal private benefit of consumption and the marginal social benefit of production.
C. consumer surplus and producer surplus.
D. both a and b.
E. all of the above.
Answer:
D. both a and b.
Explanation:
The marginal cost of production is the marginal private cost. When an individual or a firm spend extra cost for an extra unit of good or service, it is called marginal private cost. The marginal social cost of production is the cost that an entire society pays for the consumption of an extra unit of goods or services.
The extra benefit a consumer gets from the use of extra good is referred to as the marginal private benefit. When there is a change in benefit due to the extra unit of consumption, it is the marginal social benefit. It includes an extra benefit.
The economic efficiency of a market equilibrium deters the marginal private cost and benefit. Externalities affect that market equilibrium.
So, both a and b is the answer.
Joan rec ved a discount of $4.80 on a book that originally cost $60. What was the percent of discount she received?
Answer:
discount percentage = 8%
Explanation:
given data
discount on book = $4.80
originally cost = $60
to find out
what percent of discount she received
solution
we get here Discount percentage that is express as
discount percentage = (Discount ÷ Original Price) × 100 ..................1
put here value we will get
discount percentage = [tex]\frac{4.80}{60}[/tex] × 100
discount percentage = 8%
Martha Beyerlein Company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on January 2, 20120. On July 31, 2020, Beyerlein paid $35,000 for legal fees in a successful defense of the patent. The total amount debited to Patents through July 31, 2020, should be
Answer:
The amount which is to be debited to the account of Patents is $35,000
Explanation:
Patent is the right which is given to an investor to stop other people or an individual using or making their invention.
So, company incurred $150,000 for the research and development costs in order to develop the patent and $35,000 is paid for legal fees.
Therefore, the amount of $35,000, is the aggregate amount of patent as it is paid in obtaining the patent.