In january of 2018, the phillips company purchased a patent at a cost of $100,000. in addition, $10,000 in legal fees were paid to acquire the patent. the company estimated a 10-year useful life for the patent and uses the straight-line amortization method for intangible assets. in 2020, phillips spent $25,000 in legal fees for an unsuccessful defense of the patent. the amount charged to income (expense and loss) in 2018 related to the patent should be:

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Regarding the results of a swot analysis, organizational weaknesses are (a) internal factors that the organization may exploit for a competitive advantage (b) internal factors that the organization needs to fix in order to be competitive (c) mbo skills that should be emphasized (d) skills and capabilities that give an industry advantages problems that a specific industry needs to correct

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.