Which of the following (if any) is a method of calculating royalty payments in a licensing transaction?
(a) Running
(b) Lump sum
(c) Minimum
(d) All of the above
(e) None of the above
(d) All of the above
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Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash$53,150?Short-term investments 10,000?Accounts receivable 50,000?Inventory 190,000?Prepaid expenses 6660?Accounts payable 104,000?Other current payables 30,700?
A. 0.43 and 1.19 B. 2.30 and 0.84 C. 2.74 and 1.19 D. 1.30 and 0.84 E. 1.30 and 1.00
Which of the following is true of economic communities?
A) They are groups of nations organized to work toward common goals. B) They were formed to increase trade barriers between member nations. C) They were formed to mediate global trade disputes. D) They require member countries to establish one currency. E) They tend to improve imports and hinder exports.
The comment "I have never heard you speak so well" may be perceived by listeners as containing a negative metacommunication
Indicate whether the statement is true or false
Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations:•Variable manufacturing overhead cost incurred: $70,000 •Total variable manufacturing overhead variance: $4,550 Favorable •Standard machine setups allowed for actual production: 3,550 •Actual machine setups incurred: 3,500 The standard variable overhead rate per machine setup is:
A. $21.30 B. $18.44 C. $21.00 D. $20.00