A firm has to pay a $0.50 per unit royalty to the inventor of a device which it manufactures and sells. How would the royalty charge be classified in the firm’s accounts?
举一反三
- A firm has to pay a 20c per unit royalty to the inventor of a device which it manufactures and sells.How would the royalty charge be classified in the firm's accounts? A: Selling expense B: Direct expense C: Production overhead D: Administrative overhead
- The firm will __________ workers for their loss of earnings. A: pay B: compensate C: comfort D: charge
- Which of the following statements regarding a monopolist is most accurate A: A monopolist will maximize the average profit per unit sold. B: If a firm has a monopoly, it will always be able to earn economic profits. C: A monopolist, like any other profit-maximizing firm, will sell at the output level where marginal revenue equals marginal cost.
- “The man preparing the documents is the firm’s lawyer”has all the following possible meanings EXCEPT________. A: The man who has prepared the documents is the firm’s lawyer. B: The man who has been preparing the documents is the firm’s lawyer. C: The man who is preparing the documents is the firm’s lawyer. D: The man who will prepare the documents is the firm’s lawyer.
- When analyzing a firm's long-term, debt-paying ability, we only want to determine the firm's ability to pay the principal.