Match the statement with the term most directly associated with it.(a) goodwill(b) intangible assets(c) research and development costs(d) franchise(e) amortization1. rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.2. the allocation of the cost of an intangible asset to expense in a rational and systematic manner.3. a right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.4. costs incurred by a company that often lead to patents or new products. these costs must be expensed as incurred.5. the excess of the cost of a company over the fair market value of the net assetsacquired. match intangibles classifications concepts

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?