College Students Desire Digital Applications

question 74

Multiple Choice

College students desire digital applications.What is false about companies that come out with new apps?

• A)most become very rich
• B)many experience little or no success
• C)the education market makes up only a small slice of the app industry
• D)their digital application must compete with close to 3 million apps currently available

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Definitions:

Net Income

The net income of a company once all costs, taxes, and losses have been deducted.

Partial Equity Method

An accounting technique used when a company has significant influence over another company but does not control it outright, recognizing income to the extent dividends are received.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue.

Annual Amortization

The process of gradually writing off the initial cost of an intangible asset over its useful life on a yearly basis.