Burger Prince incurred the following costs during 2017 in the development and production of a new product: $ 50,000 in legal fees to obtain a patent $250,000 in the design, construction, and testing of a preproduction prototype and model $380,000 in engineering activity required to advance the design of the product to the point that it was ready for manufacture $ 70,000 in trouble-shooting in
connection with breakdowns during commercial production ? How much should be included in R&D expense for 2017?
A) $300,000
B) $630,000
C) $680,000
D) $700,000
B
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When an economic expansion has been going on for several years, you are likely to observe that
A. the yield curve is sharply upward sloping. B. the yield curve is somewhat upward sloping. C. the yield curve is flat or inverted. D. the yield curve is a vertical straight line.
To calculate an activity rate, the practical capacity of each activity must be determined
Indicate whether the statement is true or false
Many organizations are nowadays installing boardrooms that also function as conference rooms
Indicate whether the statement is true or false.
K&L Chemicals is a U.S.-based manufacturer of agricultural chemicals. K&L recently sold two thousand gallons of its most toxic pesticide to Sahara Traders, a company headquartered in the North African desert nation of Chad. Sahara Traders refused to
disclose the use that it intended to make of the product and paid cash upon its delivery. Sahara ultimately shipped the pesticide to the North Korean government for use in its chemical weapons program. Is K&L liable for the ultimate transshipment of its pesticide to North Korea? Please explain your answer.