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Alisiya [41]
3 years ago
7

Type the correct answer in the box. Spell all words correctly. A jewelry company created a set of unique etchings in gems that a

re reminiscent of the different signs of the zodiac. What kind of patent should this company obtain for this product? The jewelry company can obtain a patent for its new etchings.
Business
1 answer:
Elden [556K]3 years ago
4 0

The company should obtain a creative patent for this product.

Explanation:

A creative patent comes with a creative license which can either be made revenue-able or kept in the free common license which does not produce profit when used by someone else.

This would ensure that the design of the jewelers will not be copied by anyone else under any circumstances as they will have the right ot use the design or let others use the design on their now terms which they can then use as a stable source of revenue for themselves.

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Gary and Houston have been running their own business for three years. When they started the business, they developed a guide fo
valentina_108 [34]

Answer: Strategic plan, tactical plan, operational plan

Explanation:

The names that he should use to refer to the guide is the strategic plan. The strategic plan is used to know the goals of an organization and the.needed strategies that'll enable the achievement of the goals.

The individual plans, refer to the tactical plans and it occurs after the strategic plan has been created. The tactical plan simply shows the steps that will be taken for the goals to be accomplished.

The plan to oversee other plans is the operational plan. The operational plan is drawn by the company in order to propel the company to be successful and achieve its goals.

7 0
3 years ago
In Chapter 7 bankruptcy a debtor
nalin [4]

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

3 0
3 years ago
First​ Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00​, direct manufact
Gnom [1K]

Answer:

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

5 0
3 years ago
The CHS Company paid $48,000 cash to its landlord on November 1, 2016 for rent covering the six-month period from November 1, 20
goldfiish [28.3K]

Answer:

d. Shareholders equity increases $ 16,000

Explanation:

Two months rent needs to be adjusted. The total payment made was for $ 48,000 for a six month period.  The monthly rent is $ 48,000/6 = $ 8,000

The adjustment amount is thus $ 8,000 * 2 months = $ 16,000

The adjusting entry is:

Rent expense                   Debit              $ 16,000

Prepaid rent                      Credit                                   $ 16,000

So this results in decrease in prepayment and an increase in rent expense. \Due to an increase in expenses, the net income decreases by the same amount.

The only option of increase in shareholders equity, is not valid as a reduction in net income shall result in a decrease in shareholders equity.

8 0
3 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
tino4ka555 [31]

Answer:

Option (c) is correct.

Explanation:

Given that,

Labor costs = $175,000

Production order = $150,000

General factory use = $25,000

Factory overhead applied to production = $23,000

Therefore, the journal entry is as follows:

Work in process A/c Dr. $23,000

       To Factory overhead             $23,000

(To record the factory overhead applied to production)

6 0
4 years ago
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