They allow creators, or owners, of
patents, trademarks or copyrighted
works to benefit from their own
work or investment in a creation.
These rights are outlined in Article
27 of the Universal Declaration
of Human Rights, which provides
for the right to benefit from
the protection of moral and
material interests resulting from
authorship of scientific, literary
or artistic productions.
The importance of intellectual
property was first recognized in
the Paris Convention for the
Protection of Industrial Property
(1883) and the Berne Convention
for the Protection of Literary and
Artistic Works (1886). Both
treaties are administered by the
World Intellectual Property
Organization (WIPO).
so the answer would be C. because a market economy relied on the free exchange of goods and services without rules.
Answer:
General Ledger Dr. Cr.
1. Cash $65,940
Sales Tax Payable $3,140
Sales $62,800
2. Cost of Goods Sold $37,500
Merchandise Inventory $37,500
3. Sales Tax Payable $39,650
Cash $39,650
Explanation:
Sales tax is subject to 5% which is
Sales Tax = $62,800 x 5% = $3,140
Total Cash received = $62,800 + $3,140 = $65,940
Cost of the merchandise sold is recorded in the cost of goods sold account.
Tax is paid in cash and Tax payable liability is reduced by a debit entry.
Answer:
1) Less than 13.6%
2) Less than .1%
3)RockReady
Explanation:
THe standar deviation is a measure in statistics used to expres the dispersion of a set of values, so the standar deviation normally includes 34.1% of the values up and down the scale, so for example In Dura tunes 34.1% of the batteries would have 9 to 13 hours of battery life, to go down to 8 hours you would have to scale to the next deviation and that is of 13.6%, in RockReady is of 1.5 hours, and you would have to go down till the deviation of .1% to find the 4 hours needed in order for the batteries to have a battery life of 8 hours, that is why the best option statistically would be Rock Ready.
Answer:
Explanation:
When a company sells on credit the company usually creates an Allowance for uncollectible debts account which is simply a percentage of credit sales that the company anticipates they will not be collectable, meaning a company anticipates that a certain percentage of customers will not be able to settle their debts (Bad debts).
When a customer indeed fails to pay their debt, they must be written off. The Allowance for uncollectible debts account and account receivables must reduced.
When the Debtor that was written off later pays and settles the debt, we first need to reinstate the debtor in the account receivables and Allowance for uncollectible debt
s thus increasing the Receivables and Provision for uncollectible debts account because both account receivables and Allowance for uncollectible debts were reduced when the debtor was written off.
The journal entry to reinstate the debtor previously written off before recording income received,
DR Account Receivables
CR provision for uncollectible debts
then we need to record the income received
DR Bank/cash received
CR Account Receivables
to summaries the process when a debtor previously written off pays, we need to reinstate the debtor by increasing account receivable and allowance for uncollactible debts account then decrease the Account receivable and increasing bank to recognise cash received from a debtor
Answer:
c. 99
Explanation:
Calculation to determine the forecast for period 11
Using this formula
Forecast for period 11=Forecast *Smoothing constant*Period 11 Forecast
Let plug in the formula
Forecast for period 11=90*.10*11
Forecast for period 11=99
Therefore the forecast for period 11 is 99