The grant of a patent is a limited "monopoly" and can run counter to the antitrust principle encouraging free and open markets.

a. true

b. false

Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of

An example of physical capital would be: a truck a worker buys for personal use like hunting, going to work, or going to the beach. a worker who physically learns to work on a truck his company buys. a truck a company purchases for work.

Fiscal policies are designed to affect the aggregate demand curve through federal spending and taxing decisions. True or false

The plaintiff alleges that the defendant spread rumors and gossip about her and her business. From the start, the plaintiff appears to be claiming which type of tort? Both intentional and strict liability. Negligent tort.

The following information was drawn from the accounting records of Wyckoff Company as of December 31, 2016, before the temporary accounts had been closed. The Cash balance was $3,600, and Notes Payable amounted to $4,000.

On December 31, 2020, Sheffield Company sells equipment to Tabor Inc. for $126,400. Sheffield includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2020.

Demographic data are collected for every study. what is the purpose of describing the demographic data?

Which of the following would not be considered internal users of accounting data for a company? The controller of a company. Salesmen of the company. Creditors of a company. The president of a company.

Which best describes the function of the federal reserve system Administration of taxes Control of money supply Oversight of international trade Regulation of commerce

Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $1,030 2 1,260 3 1,480 4 2,220 a. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? b.