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Alja [10]
3 years ago
15

Matt accepts a job offer as a chemical engineer in the R&D department of Tulip Inc., paint-manufacturing company. After acce

pting the job offer, he signs an employment contract stating that the results of his research would be the sole property of the company. Matt comes up with an innovative paint formula which could withstand extreme temperatures. He receives a promotion and a handsome package for his work. However he is annoyed that the formula was not patented in his name. In the context of the given scenario, which of the following statements is true?A) The advances made by Matt on the job fall under the management and control of his organization.B) Matt's formula is his own intellectual property and he has the right to use it as he sees fit.C) Since the formula can be patented only by Matt, the company is legally required to pay him 30% of the total profits gained.D) The company can receive a fine up to $5 million for drawing a contract that is unenforceable.
Business
1 answer:
diamong [38]3 years ago
3 0

Answer:

Option A    

Explanation:

In simple words, the innovative technology that Matt has invented is the intellectual property of the organisation he works for due to the clause of the agreement he has signed under their employment.

Matt is contract bound and therefore he has no legal remedy. However, he should be happy for his promotion and incremental package as the company has no need to do so for him whatsoever.

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Liono4ka [1.6K]

Answer:

Ithink B

Explanation:

but I'm not sure

5 0
3 years ago
Read 2 more answers
A new machine requires an investment of $630,000 and will generate $100,000 in cash inflows for 7 years, at which time the salva
Orlov [11]

Answer:

$-76,447.56

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in Y0 = -630,000

Cash flow in Y1 - Y6 = 100,000

Cash flow in Y7 = 100,000 + 130,000

I = 10%

npv = $-76,447.56

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

4 0
2 years ago
Researchers at shipping giant Federal Express want to study delivery patterns and their relationship to customer complaints. Fed
Aleks04 [339]

<u>Full question:</u>

Researchers at shipping giant Federal Express want to study delivery patterns and their relationship to customer complaints. Federal Express uses a system that electronically tracks packages from the time a label is printed until it is delivered and a customer completes a satisfaction survey. Researchers could access this data by using _____.

A. Content Analysis

B. Bar codes

C. Field editing

D. Voice Recognition

E. None of the above

<u>Answer:</u>

Researchers could access this data by using Bar codes

<h3><u>Explanation:</u></h3>

Federal Express employs various barcodes on their shipping tags.  Federal Express SuperTracker handheld barcode scanner, prime preceded in 1986. The SuperTracker is a significant component of FedEx’s Consumers, Operations, and Services Master Online System handled to track parcels and authenticate distributions.

Rendering data about a package’s position, state, and action enhanced an essential component of delivery firms, with every significant carrier completing a package tracking system. Customer representatives, dispatchers, and distributing personnel practice the SuperTracker to scan barcodes on units as they pass by the Federal Express system.

7 0
2 years ago
In 2022 the Cheyenne Corp. had net credit sales of $870000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit
OleMash [197]

Answer:

$22,450

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance

Beginning bal. of Allowance for Doubtful Accounts ($21,600)

- Uncollectible Accounts Receivable written off        <u>$32,700</u>

Adjustment of Allowance for Doubtful Accounts       <u>$11,100 </u>

Accounts receivable balance at December 31           $11,350

+ Adjustment of Allowance for Doubtful Accounts    $11,100 Adjustment to Allowance for Doubtful Accounts     $22,450

at December 31, 2022

5 0
3 years ago
Tristan transfers property with a tax basis of $1,245 and a fair market value of $1,750 to a corporation in exchange for stock w
Bas_tet [7]

Answer: $1644

Explanation:

The corporation's tax basis will be the addition of the tax basis of Tristan and the gain that is recognized on the exchange by Tristan.

Gain realized = 1750 - 1245 = 505

Boot received = 399

The gain recognized on the exchange will the value that's lower between the gain realized which is $505 and the boot received which is $399. Therefore, gain recognized = $399.

The corporation's tax basis will then be:

= Tristan Tax basis + Gain recognized

= 1245 + 399

= 1644

6 0
3 years ago
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