Which of the following groups would be classified as intangible assets for financial accounting and reporting purposes?
A) long-term notes receivable, copyrights, goodwill, and trademarks
B) patents, software development costs, franchises, copyrights, and trademarks
C) computer software costs, development costs for internally developed patents, research, and goodwill
D) start-up costs, goodwill, costs of employee training programs, and trademarks
B
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?Marketing consists primarily of selling and advertising.
Answer the following statement true (T) or false (F)
A manufacturer of salad dressings uses machines to dispense liquid ingredients into bottles that move along a filling line. The machine that dispenses dressings is working properly when 8 ounces are dispensed. The standard deviation of the process is
0.15 ounces. Suppose that the average amount dispensed in a particular sample of 50 bottles is 7.952 ounces. Develop a 99% confidence interval around this sample mean.
Personal values and moral character play key roles in improving a company's ethical performance.
Answer the following statement true (T) or false (F)
Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of May.
A) $561,500. B) $652,500. C) $817,500. D) $592,500. E) $890,000.