A(n) _____ is an intellectual property that protects new processes
Fill in the blank(s) with correct word
patent
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Which of the following happens after an economy reaches a peak?
A. Output begins to decline. B. The growth rate of population begins to rise. C. Income begins to rise. D. Unemployment begins to fall.
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000What is the company's contribution margin for this year? (Round your intermediate calculations to 2 decimal places.)
A. $213,000 B. $315,000 C. $(667,500) D. $375,000
____________ is the creation and development of a new product or service.
a. Creativity b. Innovation c. Prescient d. Vision
Ann is the sole owner of a computer store and established a simplified employee pension plan (SEP) for herself and her two full-time employees. Her net self-employment income for the year is $70,000. The maximum amount she can contribute to her SEP is:
A. $9,130. B. $10,500. C. $14,000. D. $17,500. E. $49,000.