wise eyes corporation has developed a new oral supplement to prevent macular degeneration. which type of legal protection grants wise eyes corporation exclusive rights for a defined period to the manufacture, use, or sale of this new supplement?
Answers
A patent is type of legal protection grants wise eyes corporation exclusive rights for a defined period to the manufacture, use, or sale of this new supplement.
It gives the patent holder the exclusive right to prevent others from making, using, selling, importing or offering for sale the claimed invention without their permission. In exchange for this exclusive right, the patent holder must publicly disclose the details of the invention so that others can learn from it.
The purpose of a patent system is to encourage innovation and technological progress by providing inventors with an incentive to invest time, effort, and resources into the development of new ideas and products.
By obtaining a patent, inventors can protect their invention and enjoy the benefits of their investment, such as being able to commercially exploit their invention by selling it or licensing it to others.
The patent examination process is designed to ensure that only truly novel and non-obvious inventions are granted patents. The examination process typically involves a review of the patent application by a patent office to determine whether the invention meets the legal requirements for a patent, such as novelty, non-obviousness, and usefulness.
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Related Questions
1. What product/ service do you want to offer or manufacture? Why?
2. How are you going to advertise your product/service?
3. What made you choose the current location of your business?
Answers
Answer:
1. What product/ service do you want to offer or manufacture? Why?
The service would be a data analytics service. The reason is that data science and data analytics have become more and more important for companies in recent years, and there is a growing market for this kind of services.
2. How are you going to advertise your product/service?
This is a specialized service so hopefully word of mouth, and networking would be the main advertising networks. Besides that, some advertising in social media would be helpful.
3. What made you choose the current location of your business?
Because data analytics is a very digitalized job, the location of the business could be almost anywhere. Relatively low taxation, an educated workforce, and good business environment would be the main factors in deciding the location of the business.
Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
Where can one go to if he or she decides to open up a business but does not have the necessary finance available?
Answers
Answer:
Ask your family and friends to invest in your business.
Apply for a small business grant.
Use a crowdfunding platform.
Pitch to angel investors.
Solicit venture capital.
Use a credit card for a short-term cash option.
Get a microloan.
Bootstrap it.
Explanation:
The four types of entrepreneurs:
Coasting, opportunity comes to them (or it doesn't)
Conservative (very moderate use of resources, protecting existing resources)
Aggressive (proactive, all-in, actively seeks opportunity)
Innovator/Revolutionary (attains growth through innovation)
2. Davidson describes two fundamentally different economic philosophies that both impact the debt crisis that the US faces. What are these philosophies? Do you agree with one more than the other?
Answers
Answer:
Davidson describes two philosophies that are represented each by the Republican Party and by the Democratic Party.
Republicans believe, according to Davidson, that the economy works best when the state keeps its hands off it. Republicans view a free market economy without government intervention as essentially a perfect machine that can coordinate the interests of vastly different goups of people (this is the concept of the invisible hand, developed by Adam Smith).
The Democrats, on the other hand, while seeing Capitalism as the most efficient economic system, believe that the capitalist economy needs to be regulated by the state, because otherwise, a free market generates undesirable effects like externalities and economic inequality.
According to Davidson, the republicans and the democrats as philosophies are two fundamentally different economic philosophies that impact the debt crisis facing the US. I agree more with the republican side of things, life can't always come with an aim of everything being "equal" and "fair".
Winthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To pursue this opportunity, the company would need to purchase a piece of equipment for $175,000. The equipment would have a useful life of five years and zero salvage value. It would be depreciated for financial reporting and tax purposes using the straight-line method. After careful study Winthrop estimated the following annual costs and revenues for the new product: Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $340,000 $165,000 $ 79,000 The company's tax rate is 30% and its after-tax cost of capital is 16%. Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using tables. Required 1. Calculate the annual income tax expense that will arise as a result of this investment. 2. Calculate the net present value of this investment opportunity. (Round your final answer to nearest whole dollar.) 1. Annual income tax expense 2. Net present value
Answers
Salvage value (0)Net present value = Present value of cash inflows - Present value of cash outflows= $1,344,239 - $1,112,298= $231,941Therefore, the net present value of the investment opportunity is $231,941 (rounded to the nearest whole dollar).
1. Annual income tax expenseTo calculate the annual income tax expense, we need to find out the taxable income of the company. Here's the calculation:Annual sales revenue: $340,000Variable expenses: $165,000Fixed out-of-pocket operating costs: $79,000Depreciation expense: $175,000 / 5 = $35,000 (straight-line method)Taxable income: ($340,000 - $165,000 - $79,000 - $35,000) = $61,000Income tax expense: $61,000 x 30% = $18,300Therefore, the annual income tax expense will be $18,300.2. Net present valueTo calculate the net present value, we need to determine the cash inflows and outflows for each year. Here's the calculation:Year 0Cash outflow: Equipment purchase cost = $175,000Year 1Cash inflow: Sales revenue = $340,000Cash outflow: Variable expenses + Fixed operating costs + Income tax expense= $165,000 + $79,000 + $18,300 = $262,300Year 2Cash inflow: Sales revenue = $340,000Cash
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What is the difference between the pre-reservation and installment
Answers
Answer:
is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $355 per unit and cost $262.70 per unit in variable costs to make. Fixed costs total $63,000 (Round your answers to 2 decimal places.) 1. Compute the contribution margia per unit Contribution margin 2. Compute the contribution margin ratio. Numerator: Denominator Contribution Margin Ratio Contribution margin ratio 3. Compute income it 5.000 units are produced and sold Income
Answers
1. The contribution margin per unit for the Slams jeans is $92.30. 2. The contribution margin ratio for the Slams jeans is 26%. 3. If 5,000 units of Slams jeans are produced and sold, the income would be $311,500.
1. To compute the contribution margin per unit, subtract the variable cost per unit ($262.70) from the selling price per unit ($355): $355 - $262.70 = $92.30. This means that for each unit sold, the company earns a contribution of $92.30 towards covering its fixed costs and generating profit.
2. The contribution margin ratio is calculated by dividing the contribution margin per unit by the selling price per unit and expressing it as a percentage. In this case, the contribution margin per unit is $92.30 and the selling price per unit is $355. So, ($92.30 / $355) * 100 = 26%. The contribution margin ratio indicates the proportion of each sales dollar that contributes towards covering fixed costs and generating profit.
3. To compute the income if 5,000 units of Slams jeans are produced and sold, multiply the contribution margin per unit ($92.30) by the number of units sold (5,000): $92.30 * 5,000 = $461,500. However, this calculation only represents the contribution towards covering fixed costs and does not account for the fixed costs themselves. Subtracting the total fixed costs ($63,000) from the contribution would give the income: $461,500 - $63,000 = $398,500.
Therefore, if 5,000 units of Slams jeans are produced and sold, the income would be $311,500 after deducting the fixed costs.
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If Rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?
Answers
Answer:
(B) 50,000
Explanation:
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
2011/1/14 Paid wages 50,000
journal entry
Answers
Answer:
see below
Explanation:
Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.
When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.
the Journal entry in the case will be
Wages A/C Dr $5000
Cash A/C Cr $5000
Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
Answers
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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Before starting an enrollment, what benefit information are agents required to provide to the consumer?.
Answers
Any advantages mentioned must be correctly and completely disclosed by the salesperson before beginning enrollment.
What advantages do consumers get?
The promotion of products and services that pose a risk to property and human life is prohibited.The freedom of the consumer to choose their own products is assured.According to the statute, consumers are entitled to quick, easy, and affordable remedies.Consumers can easily access the dispute resolution equipment.The preservation of certain rights is the responsibility of the authorities established under the statute. They are the rights to safety, freedom of choice, fairness and consumer education. This enabling law aims to be forward-thinking.The Act's sanctions aid in limiting arbitrary business practices in India. In a consumption-based economy like India, it also promotes mutual trust in the purchase of products and services. Proposed product liability measures are included in the Act. The service provider is required to reimburse the customer if the product has a problem. If the goods or services result in harm or damage to the consumer, the producer or service provider is required to make up for it. This can be the result of subpar service or a manufacturing flaw. This enables the payment of damages to a hurt customer.To learn more about benefits to consumer,
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Upload your completed Lifestyle Budget Project worksheet.
Answers
Answer:Budget is a financial statements indicating estimated and sizes of anticipated revenue and proposed expenditure for a period of time.
The personal budget of an individual could be a surplus budget or deficit budget, or balance budget. It is surplus when income is greater than expenditure. It is deficit when expenditure is greater than revenue, it is balance when income is equal to the expenditure.
In a situation where the income is not enough to cover the expenditure the person can cut down most of the expenses to a manageable size, so as to ensure that there is more money to meet the most pressing need at the point in time.
Explanation:
In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension, which she spent on clothes and recreation. Robert and Barbara paid Ada’s medical and drug expenses of $600 for the year. Robert and Barbara’s total food expense for the household was $6,000. The fair rental value of the lodging provided Ada was $1,200 for the year, based on the cost of similar room facilities. What was Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent?
Answers
Answer:
$5,300
Explanation:
Calculation to determine Ada’s total support for the year
Medical and drug expenses $600
Add Lodging $1,200
Add household total food expense $2,000
($6,000/3 Ada+Robert+Barbara)
Add Source of income $1,500
Total support $5,300
($600+$1,200+$2,000+$1,500)
Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300
do you think the government should help businesses like SJD? justify your answer
Answers
Answer:
yes
Explanation:
coz we're not getting any help
what focuses on how individual users logically access data to meet their own particular business needs?
Answers
The logical view focuses on the logical activity of the data accessed by the user to fulfill their business needs.
What is the logical view?It corresponds to a model of system architectures view, with the logical view focusing on the functionality of the software structures so that it meets the needs of end users.
Therefore, the functionality of the systems is the scope of the logical vision, which seeks to establish effective systems, easy to be used by the end user, thus increasing the possibility of them making a purchase in the digital environment.
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Economics: Which one of the Fed actions in Part 1 might be more difficult if U.S. currency still consisted of demand notes rather than fiat money?
Choose one or more:
A. Lowering the reserve requirement
B. Selling short-term U.S. Treasury securities
C. Increasing the discount rate
D. Buying short-term U.S. Treasury securities
E. Quantitative easing
F. Raising the reserve requirement
G. Decreasing the discount rate
Answers
Answer:
E. Quantitative easing and Buying short-term U.S. Treasury securities
Explanation:
If an agent recommends that a client invest a portion of his portfolio in an international stock fund and is asked whether she should compare the performance of the fund against the S&P 500 Index, how should the agent respond?
Answers
Answer:
A) No, it is preferable to compare the fund against the Morgan Stanley Capital International Europe, Australasia, Far East (EAFE) Index because it covers international securities.
Explanation:
As It is important that a specific mutual fund should be compared against the benchmark i.e. considered appropriate. The performance of the international fund should also be compared against the foreign stock index like EAFE index
So in this way the agent should be responded to the current situation
Therefore the option a is correct
Which of the following does not describe a product feature?*
flavor
price
texture
color
Answers
Answer:price
Explanation:
What should you NEVER do even if the email looks legitimate?
O Go directly to the website referenced by a link in the email
message.
O Delete the email message without reading it completely.
O Click a link in the email and then enter personal information
O Click a link in the email message and read information.
Answers
If the website is actually fake it can steal your information and use it for whatever they want
Financial organizations that accept no deposits but offer many of the same services as regular banks are called ______.
Answers
Financial organizations that accept no deposits but offer many of the same services as regular banks are called non-banks
A non-bank financial institution (NBFI) is a financial institution that does not have a full bank license and cannot accept deposits from the general public. However, NBFI enables alternative financial services such as Investment (collective and individual), risk pooling, financial advice, brokerage, remittance, and check to cash.
Examples of non-bank financial institutions include insurance companies, venture capitalists, currency exchange offices, microcredit organizations, and pawn shops. These non-bank financial institutions are not always suitable for banks, they compete with banks and offer sector- and group-specific services.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Explain one reason why a business may use social media to promote
Answers
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
in 1971, the cost of a four-year college degree from a public university was about $1,410. the consumer price index was 40.48 in january 1971. if the current consumer price index is 251.1, what is the approximate cost of the four-year degree in current dollars?
Answers
The approximate cost of the four-year degree in current dollars is $8,746 as per the current consumer price index.
What is the consumer price index?The monthly change in prices paid by American consumers is tracked by the Consumer Price Index (CPI). The CPI is calculated by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a selection of products and services that is indicative of total consumer spending in the United States.One of the most widely used indicators of inflation and deflation is the CPI. In contrast to the producer price index (PPI), which tracks changes in the prices paid to American producers of goods and services, the CPI report employs a different survey methodology, price samples, and index weights.To learn more about the consumer price index refer to:
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when smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force. how would this practice help the company to become a low-cost producer?
Answers
As smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force, this practice would help the company smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force by constructing efficient large-scale facilities.
Smart Electric condensed saw the potential for not only a cost savings, but also an improvement in their operations when they decided to consolidate all their parts factories into one large location.
This move enabled them to increase their research and development, as well as their customer service, while simultaneously decreasing their sales force.
This was accomplished by constructing efficient large-scale facilities that allowed for the production of all their parts under one roof. The cost savings and increased efficiency enabled them to better serve their customers and make better use of their resources.
As a result, Smart Electric has been able to provide its customers with quality products and services, while reducing its overhead costs.
The consolidation of their parts factories into one large location has been instrumental in allowing Smart Electric to succeed.
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What is starbucks doing to better the economy and environment in areas around the world?.
Answers
Answer:
Cutting down on carbon, water, and waste footprints by half
Explanation:
In 2020 Starbucks committed to a resource-positive future, formalizing environmental goals to cut its carbon, water, and waste footprints by half. As a progression against those goals, the company commits to Carbon Neutral Green Coffee and to conserving water usage in green coffee processing by 50%, both by 2030.
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alan Associates prepared its financial statement for 2017 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables worth $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have
Answers
Answer:
$18,334
Explanation:
Calculation to determine How much long-term debt does the firm have
Current assets = $1,234 + $7,789 + $13,480
Current assets = $22,503
Total assets = $22,503 + $42,331 + $1,822
Total assets = $66,656
Current liabilities = $9,558 + $2,756
Current liabilities= $12,314
Total stockholders' equity = $22,000 + $14,008 Total stockholders' equity= $36,008
Now let calculate the Long-term debt using this formula
Long-term debt = Total assets - Current liabilities - Total stockholders' equity
Let plug in the formula
Long-term debt = $66,656 - $12,314 - $36,008
Long-term debt = $18,334
Therefore How much long-term debt does the firm have is $18,334
How many different federal taxes are listed?
Answers
Answer:
There are two types of taxes namely, direct taxes and indirect taxes.
Explanation:
12 specific taxes, four within each main category—earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes; buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes; and own: property taxes, tangible personal property taxes, estate and inheritance taxes, and wealth taxes.
Answer:
2!
Explanation:
direct taxes and indirect taxes! hope this helps! plz mark as brainliest!
THE PURSUIT OF HAPPYNESS
Chris faced many challenges during the movie, yet he still achieved many of his goals. Describe a minimum of three decisions he made or behaviors/personality traits that he demonstrated that helped him reach his goals. Use specific examples from the movie to support the decisions you think were.
Answers
each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.
Answers
Answer:
demand is the word.
Explanation:
Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.