Pocono CoPurchased a Patent at the Beginning of 2017 for $490,000

question 66

Multiple Choice

Pocono Co.purchased a patent at the beginning of 2017 for $490,000.Economic benefits were expected for seven years,but the patent's legal life was 20 years.Also,during 2017,the company incurred research and development costs of $150,000.Patent amortization expense for 2017 is

• A)$24,500.
• B)$150,000.
• C)$72,143.
• D)$70,000.

Identify strategies to manage risks and costs associated with global supply chains, including transportation costs and supply chain disruptions.

Understand Adam Smith's perspective on the benefits of international trade and its implications for supply chain management.

Analyze the relationship between offshoring decisions and production characteristics such as volume, variety, and labor content.

Know the principles of network design in global supply chains and how different designs affect flexibility and performance.

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Definitions:

Brokerage Fees

Fees charged by a broker for executing transactions or providing specialized services.

Cost Method

An accounting approach where investments are recorded at their purchase cost without considering market value fluctuations.

Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Cash Dividends

Payments made by a corporation to its shareholders from profits, distributing earnings in the form of cash.