Interior Electronics Corp. recently received patent rights for its new computer memory chip. On the balance sheet, the patent rights received by Interior Electronics is a(n)

A. return on asset.
B. current asset.
C. liquid asset.
D. fixed asset.
E. asset turnover.


d. fixed asset

Business

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What will be an ideal response?

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Indicate whether the statement is true or false

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Felton Quality Productions uses a predetermined overhead allocation rate based on machine hours

It has provided the following information for the year: Actual manufacturing overhead costs incurred $100,000 Manufacturing overhead costs allocated to production $56,000 Actual direct materials cost $220,000 Actual direct labor cost $40,000 Actual machine hours 32,000 hours Based on the above information, calculate the predetermined overhead allocation rate applied by Felton Quality. (Round your answer to the nearest cent.) A) $1.75 per machine hour B) $3.13 per machine hour C) $6.88 per machine hour D) $1.25 per machine hour

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An act of the legislature punishing a named individual or member of a specific group without a judicial trial is a(n)_________and such a law is prohibited by the Constitution

Fill in the blank(s) with correct word

Business