On October 1,2017,Nurix,Inc

question 151

Multiple Choice

On October 1,2017,Nurix,Inc.purchased a patent for $200,000 cash.Although the patent gives legal protection for 20 years,the patent is expected to be used for only 10 years.What will be the balance in the patent account on September 30,2018?

• A)$180,000
• B)$200,000
• C)$190,000
• D)$100,000

Understand different types of flows within supply chain management (SCM), including information, financial, and material flows.

Recognize and explain the bullwhip effect and its impacts on the supply chain.

Identify and describe the components of supply chain management (SCM).

Distinguish between push (make-to-stock) and pull (make-to-order) models in SCM.

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Definitions:

Cost of Activities

The expenses associated with specific actions or operations within a company.

Reciprocal Method

A complex cost allocation method that recognizes interactions among service departments and allocates costs accordingly.

Support Department Costs

The costs associated with departments that do not directly produce goods or services but provide necessary support to production departments, such as maintenance, accounting, and human resources.

Conceptual Advantage

The benefit gained by understanding and applying theoretical concepts to create superior strategies or products.