________-related currencies derive from people's burning desire to make a difference and add meaning to their lives.
Fill in the blank(s) with the appropriate word(s).
Inspiration
Perhaps the most powerful form of influence is based on inspiration.
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Rudolph made a good-faith effort to develop a new product, but the attempt failed. What should Rudolph's employer do?
A. fire Rudolph for failing to succeed at the project B. ignore the entire situation to keep from discouraging Rudolph's initiative C. talk to Rudolph about what he learned and discuss what he might do next D. transfer Rudolph to a job with requirements that better fit his skill set E. demote Rudolph for failing to succeed at the project
Which of the following is the correct accounting treatment for a patent?
A) A patent must be shown as a current asset on the balance sheet. B) A patent must be depreciated or impaired, but not amortized. C) A patent must be capitalized and amortized over 20 years or less. D) A patent must be expensed, not capitalized, in the period in which it is purchased.
Clean, Inc. cleans and waxes floors for commercial customers. The company is presently operating at less than capacity with equipment and employees idle at times. The company recently received an order from a potential customer outside the company's normal geographic service region for a price of $4,500. The size of the proposed job is 11,000 square feet. The company's normal service costs are as follows: Unit-level materials$0.18per square footUnit-level labor$0.25per square footUnit-level variable overhead$0.08per square footFacility-level overheadAllocated at $0.10 per square foot If the company accepts the special offer:
A. The company will lose $230 on the job. B. The company will lose $1,110 on the job. C. The company will earn $2,520 on the job. D. The company will lose $2,210 on the job.
Normal spoilage is considered a period cost
Indicate whether the statement is true or false