What is the purpose of a firm integrating an industrial design into a product?
A) eliminate the possibility of the design being copied
B) improve a product's performance and marketability
C) protect firms from intellectual property theft
D) identify the product with a young demographic
B
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Lewis, Inc uses the indirect method to prepare its statement of cash flows
Refer to the following portion of the comparative balance sheet: Lewis, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $42,000 $36,000 $6,000 Accounts Receivable 62,000 70,000 (8,000 ) Merchandise Inventory 106,000 50,000 56,000 PP&E, net 240,000 180,000 60,000 Total Assets $450,000 $336,000 $114,000 Additional information provided by the company includes the following: Equipment costing $104,000 was purchased for cash. Equipment with a net book value of $20,000 was sold for $28,000. Depreciation Expense of $24,000 was recorded during the year. Use the T-account format and evaluate the transactions affecting Property, Plant, and Equipment, net. What will be an ideal response
The following is a summary of information presented on the financial statements of a company on December 31, 2017
Account 2017 2016 Current Assets $85,000 $75,000 Accounts Receivable 65,000 69,000 Merchandise Inventory 66,000 59,000 Current Liabilities 56,000 48,000 Long-term Liabilities 40,000 45,000 Common Stock 75,000 60,000 Retained Earnings 65,000 46,000 With respect to long-term liabilities, a horizontal analysis reveals ________. A) long-term liabilities decreased by $15,000 B) long-term liabilities decreased by 25.00% C) long-term liabilities decreased by 11.11% D) long-term liabilities decreased by $8,000