d. valentine's day, the most romantic day of the year!
B. Equilibrium point
C. Equilibrium price
D. supply
Complete Question:
Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During 2018, the company incurred the following costs related to a new product design:
Research for New Design $2.4M
DVMPT of New Product $1.3M
Patent Filing Fees $52K
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the 2018 fiscal year. What amount should Pribuss expense in its 2018 income statement related to the above expenditures?
Answer:
The Research expenses of $2.4M that are written as expense in the Income statement and the Development costs of $1.3M and patent legal fees of $53k are capitalized.
Explanation:
The reason is that the International Standard IAS 38 Intangible Assets says that the expenditure incurred on the research that hasn't entered development phase must be written as expense in the year and the expenditure incurred on the development phase of the research outcomes must be capitalized to the extent it is ready for use. In this case $1.3M is clearly a development cost and patent legal fees of $53k is the expenditure that will prepare the asset and making it ready for use, so it must also be capitalized.
b. macroeconomics.
c. microeconomics.
d. voodoo economics.
When a person lives in a house or apartment of another person or the tenant on a contract basis is called rent.
The three steps that she should take during the rental apartment search is:
In these ways, she could search for the apartment.
To learn more about rent follow the link:
B. Servant
C. Authentic
D. Transactional
E. Interactive
Andy can best be described as transformational leader.
Option A
Explanation:
Tranformational leader is the one who works along with the team members to establish the required change, creating a vision to train or guide by inspiring the team and executing the change.
Here it has been given that Andy’s subordinates feels comfortable to work for him and he inspires them.
The other options,
Servant: The objective of the servant type of leader is to serve his subordinates.
Authentic: They create honest relationships with their subordinates and promote openness.
Transactional: The objective of transactional leader is to promote compliance by subordinates via both punishments and rewards.
Interactive: They involve their subordinates in the tasks and make them to understand goals and tasks.
So, it can be concluded that, Andy is a transformational leader.
True, the consumer sector is typically the most significant part of the macroeconomy, often contributing the largest portion to a country's Gross Domestic Product (GDP). For example, in the United States, consumer spending usually equates to about two-thirds to 70% of the country's total GDP.
True. In most economies, the consumer sector is indeed the largest part of the macroeconomy. The macroeconomy is the sum total of all economic activity within a given region, usually a country, and the consumer sector is the component of that total that is made up of private, individual (household) consumption of goods and services. The consumer sector often accounts for the largest contribution to a country's Gross Domestic Product (GDP), a measurement of the size of an economy. For instance, in the United States, consumer spending typically makes up about two-thirds to 70% of its total GDP. Therefore, the consumer sector plays a significant role in economic growth and stability.
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