Which of the following would not be considered to be an intangible asset?
A. franchises
B. copyrights
C. investments
D. trademarks
Answer: C
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The demand for foreign exchange is derived from credit transactions on the balance of payments.
a. True b. False
The selling price of a product is originally greater than the variable cost of producing it. Assume that the selling price and the variable cost per unit both increase 20% and fixed costs do not change. What is the effect of this change on the contribution margin per unit and the contribution margin ratio?
a. Contribution margin per unit and the contribution margin ratio both remain unchanged. b. Contribution margin per unit and the contribution margin ratio both increase. c. Contribution margin per unit increases and the contribution margin ratio remains unchanged. d. Contribution margin per unit decreases and the contribution margin ratio remains unchanged.
Which of the following is true of private money?
A. It can only be used for making payments between private parties who agree in advance to its use. B. It cannot consist of any other sort of transferable material but official money. C. It can be used to pay public debts. D. It is an example of reserve currency.
How is an income statement used by a new business?
What will be an ideal response?