Will preparation, bankruptcy, and uncontested divorces are examples of ______.
A. customized services
B. standard services
C. batch services
D. continuous services
B. standard services
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Journalize the following purchase transactions for Main Street Office Supplies using the periodic inventory system. Explanations are not required.
During 2009, Cabot Machine Company spent $352,000 on research and development costs for an invention. This invention was patented on January 2, 2010, at a nominal cost that was expensed in 2010 . The patent has a legal life of 1 . years and an estimated useful life of 8 years. In January 2014, Cabot paid $32,000 for legal fees in a successful defense of the patent. Amortization for 2014 should be
a. $2,462. b. $8,000. c. $32,000. d. $52,000.
If a business wants to be able to keep accurate records of its inventory, what should the business utilize?
A) Wireless technologies to be connected to the network all the time B) More resources to keep track of what has been sold and what has been purchased C) GPS (Global Positioning System) D) RFID (Radio Frequency Identification)
The _____ clause in a contract provides guidelines regarding what type of reporting statistics and measures the supplier must provide to the buyer on a regular basis, defined clearly
a. statistics b. notices c. most favored customer d. confidentiality e. third-party rights