Toby has lost valuable data on his computer a number of times due to system crashes caused by viruses. He decides to invest in a powerful antivirus program. When Toby buys the program, he will actually be buying the software ________.

A. patent
B. copyright
C. trademark
D. code
E. license


Answer: E

Business

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The accounts receivable turnover is calculated by dividing average accounts receivable by net sales.

Answer the following statement true (T) or false (F)

Business

Creative Products Inc incurred the following costs (in alphabetical order) during 2012 related to one of its products: Administrative costs $ 2,000 Advertising costs 1,000 Direct material used 8,000 Direct labor 20,000 Factory equipment depreciation

1,000 Factory rent 5,000 Indirect labor 3,000 Indirect materials 2,000 During the year, 3,000 units were produced out of which 2,750 units were sold for $30 each. Required: A. Calculate the total product costs incurred for the year. B. What is the product cost per unit? C. What is cost of goods sold for the year? D. What is net operating income for the year? (Ignore taxes)

Business

If bonds with a face value of $400,000, and a carrying amount of $415,000, were redeemed at 105, there was a loss on the bond redemption

Indicate whether the statement is true or false

Business

Churning occurs when a broker engages in excessive trading in a client's security account to generate more commissions for the broker

Indicate whether this statement is true or false.

Business