The Lemming Company implements an aggressive marketing campaign and effectively doubles the annual demand for Model 13s. Their total annual holding cost should:
A) decrease by 50%.
B) increase by 100%.
C) stay the same.
D) increase by 40%.
A
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Superior Sales Company offers warranties on all its electronic goods. Warranty expense is estimated at 3.5% of sales revenue. In 2018, Superior had sales of $333,000. In the same year, Superior replaced defective goods with merchandise inventory costing $8,750. Prepare the journal entry to record the warranty expense. Omit explanation.
What will be an ideal response?
Due to their brevity, text messages will probably ______.
A. become a standard practice in business communication B. develop norms where text jargon is appropriate in business settings C. increase the workload of electronically savvy workers D. not replace e-mail as the primary means of communications in business settings
Suppose a team of artists who work for Fox draw The Simpsons television program and Fox owns the copyright. The length of the copyright is:
a. 21 years b. 50 years c. 70 years d. 95 years e. forever
A ____ protects a unique symbol or word used by a business to identify a product or service.
A. copyright B. trademark C. trade secret D. patent