Smaller nations would like patent protection
A. extended, so that their profits can increase.
B. extended, to allow for them to build their competitive advantage.
C. extended, so that they can recoup development costs.
D. reduced, so that they can enter the game earlier, possibly with generics.
Answer: D
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Starship Inc's gross profit ratio increased from 36.5% in 2015 to 48.6% in 2016 . What is the trend in this change?
a. An upward trend b. A downward trend c. It depends on whether net sales increased or decreased during the period d. Trends cannot be determined without the dollar amount of the increase provided
Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The capital, or finance, lease method treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale. b. The lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. c. The lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. The lessor recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. e. The lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable.
The fact that one department may be labor intensive while another department is machine intensive explains in part why multiple predetermined overhead rates are often used in larger companies.
Answer the following statement true (T) or false (F)
The word precedents is most closely associated with:
a. common law b. administrative law c. statutory law d. federal law e. state and local law