Which of the following is considered research and development costs?
a. Planned search or critical investigation aimed at discovery of new knowledge.
b. Translation of research findings or other knowledge into a plan or design for a new product or process.
c. Neither a nor b.
d. Both a and b.
Ans: d. Both a and b.
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Brandon Company is contemplating the purchase of a new piece of equipment for $45,000. Brandon is in the 40% income tax bracket. Predicted annual after-tax cash inflows from this investment are $28,000, $11,000, $3,000, $5,000 and $2,000 for years 1 through 5, respectively. The firm uses straight-line depreciation with no residual value at the end of five years.
The payback period in years (rounded to the nearest 10th of a year) for this proposed investment is (assume that the after-tax cash inflows occur evenly throughout the year):
________ distribution is a strategy in which producers of convenience products and raw materials stock their products in as many outlets as possible
A) Direct B) Intensive C) Inclusive D) Exclusive E) Selective