The management of vimonland theme park sells that proprietary rights of all the park rides toan investment company to operate one of its franchise in a foreign country. the investment company gains most of the profits from the newly established theme park while paying the management of vimonland theme park a percentage of its revenue as royalties. in this case, vimonland theme park is a
a. licensor
b. buyer for export
c. contract manufacturer
d. licensee

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The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.

In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.