QUESTION: 97

Proprietary technology is also counted in intangibles such as, a trained and assembled workforce, special know-how, customer relationships, supplier relationships, or other intangible assets that make the company available competitors and give it earning power. Some closely held business owners call these intangibles:

Blue sky
Good will
Patents
A or B

Answer(s): D

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QUESTION: 98

An analysis of fixed and variable expenses will help the analyst understand:

The extent to which increased or decreased volume will affect operating margins
What can be done to make the company more profitable and what are the associated costs?
The lack of compliance with revenues
Overfunded and underfunded factors

Answer(s): A

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QUESTION: 99

To get an explanation or interpretation of something on the financial statements, or to consult working papers for details that augment the financial statements, it may be necessary to interview the company's outside independent accountant. This is most often the case when: