Malicious prosecution is a tort that permits a person to recover for emotional distress caused by the defendant's negligent conduct

On October 1, 2017, Nurix, Inc. purchased a patent for $100,000 cash. Although the patent gives legal protection for 20 years, it is expected to be used for only eight years. Journalize the purchase of the patent

What will be an ideal response

Consider the following conditions for an item used in the Hess Company's manufacturing process:

On-hand inventory: 40 units Open orders (scheduled receipts): 100 units Backorders: 60 units What is Hess's inventory position for this item? A) 200 units B) 140 units C) 80 units D) 40 units