The fremont (ireland) flyers were a semi-professional carriage racing team that competed up until the early 1930's. mary smith owns the fremont fliers' trademark, and recently licensed it to the fremont (california) flyers roller derby team. the license allows the roller derby team to use the trademark for five years for a total of $15,000. under u. s. gaap, how much revenue would mary recognize in year 1 of the license?
a. $0
b. $1,500
c. $3,000
d, $15,000

Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses. the utilization rate for southeastern=%the efficiency rate for southeastern=%