TRIPS requires every member of the World Trade Organization to:
A) abide by the Paris Convention
B) abide by the Berne Convention.
C) apply national treatment to foreign owners of intellectual property rights.
D) provide patent protection for processes.
E)all of the above.
E
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In 2016, Scranton, Inc sold 2,000 carpets for $50 each. The carpets carry a 2-year warranty for repairs. Scranton estimates that repair costs will average 3% of the total selling price. What is the amount that would be recorded in the warranty liability account as a result of selling the carpets during 2016?
a. $1,500 b. $3,000 c. $50 d. No liability should be recorded until the carpets are returned for repairs.
On February 1, 2015, Apollo Company received $24,000 in advance for a three-year rental of land, and credited Rent Revenue for the entire amount. The correct December 31, 2015 adjusting entry would be
A) Unearned Rent 16,667Rent Revenue 16,667 B) Rent Revenue 16,667Unearned Rent 16,667 C) Unearned Rent 7,333Rent Revenue 7,333 D) Rent Revenue 7,333Unearned Rent 7,333
Use this information to answer the following question. Chupka Company experienced the following events during the period: 1 . A tabulation of invoices at the end of the day showed $800 in MasterCard invoices, which were deposited in a bank account at full value less a 5 percent discount. 2 . Made a sale on American Express card for $400 and mailed invoice to American Express for payment. The
discount charged by American Express is 4 percent. The entry to record transaction 1 would include an increase in a. Credit Card Expense for $40. b. Sales for $760. c. Cash for $800. d. Accounts Receivable for $760.
How can a marketer use a package to communicate with consumers?
What will be an ideal response?