Which of the following companies has the smallest need for short-term financial planning?

A) a company that produces Christmas decorations.
B) a toy manufacturer.
C) a company that makes condiments such as ketchup.
D) a company that provides catering services for weddings.


Answer: C

Business

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In January 2014, the Jennifer Corporation purchased a patent for $231,000 from Travis Company that had a remaining legal life of 14 years. Jennifer estimated that the remaining economic life would be seven years. In January 2018, the company incurred $30,000 in legal costs to defend the patent from an infringement. Jennifer's lawyers were successful, and the remaining years of benefit from the

patent were estimated to be six years. What is the patent amortization expense for 2018? A) $7,615 B) $9,923 C) $16,500 D) $21,500

Business

Exploratory research is often undertaken to help clearly define a problem

Indicate whether the statement is true or false

Business

Sending and receiving roles ______ throughout a conversation.

A. remain the same B. switch only once C. can alternate D. vanish

Business

The buyer has the right to inspect goods before accepting them

Indicate whether the statement is true or false

Business