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irakobra [83]
3 years ago
14

Billy opens a bicycle shop that sells an innovative new kind of bicycle. He decides to call the bicycles Bicycles. Billy extensi

vely markets his product, has a high sales volume and becomes well known for selling Bicycles. The term Bicycle is
A. automatically protected against trademark infringement.
B. receives no protection against trademark infringement.
C. can be registered as a trademark to obtain protection against trademark infringement.
D. can be registered as a certification mark
Business
1 answer:
Contact [7]3 years ago
5 0

Answer:

Option B is correct because the first thing is we can not register it as trademark because the requirement to register trademark is:

  • It must be in use And
  • Must be distinctive.

In this case the word bicycle is not distinctive. The word distinctive in law means that the item must be different from something else either in nature or type.

Option A is incorrect as the word bicycle is not distinctive, so it can not be registered. And if it can not be registered then it can not be protected against trademark infringement.

Option C is also incorrect as this word does not meets the requirements of trademark registration.

Option D is also incorrect because certification mark are logos of products to make the quality or nature of product clear.

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This year, Paula and Simon (married filing jointly) estimate that their tax liability will be $218,000. Last year, their total t
romanna [79]

Answer:

1. Yes

2. $7,400

Explanation:

Basic Rules For Estimated Tax For Individuals

Any individual who has estimated tax for the year of $1,000 or more and  whose withholding does not equal or exceed the “required annual payment” must make quarterly payments. Otherwise, a penalty may be assessed. The required annual payment is the smaller of the following amounts:  

1.Ninety percent of the tax shown on the current year's return.  

2.One hundred percent of the tax shown on the preceding year's return (the return must cover the full 12 months of the preceding year). If the AGI on the preceding year's return exceeds $150,000 ($75,000 if married filing separately), the 100% requirement is increased to 110%.

Are Paula and Simon required to increase their withholdings or make estimated tax payments this year to avoid the underpayment penalty?

Following the basic rules above, yes, Paula and Simon have to increase their withholdings or make estimated tax payments this year to avoid the underpayment penalty.

If so, how much?

Amount of income tax liability = $218,000

In general, taxpayers must pay at least 90 percent of their tax bill during the year to avoid an underpayment penalty when they file.

Therefore Minimum estimated payments-90% : $218,000 * 0.9 = $196,200

110% of the preceding year's tax: $182,000 * 1.10 = $200,200

According to the basic rules the required annual payment is the smaller which is $196,200.

Tax withholding from their employers = $188,800

Estimated tax payments required = $196,200 - $188,800 = $7,400

5 0
3 years ago
Borghia Pharmaceuticals has $1 million allocated for capital expenditures. a. Which of the following projects should the company
balu736 [363]

Answer:

Please refer below the answer in detail

Explanation:

a)

With a limited budget, the firm will first pursue projects with the highest return, and the allocate the remaining capital to the project with the second highest return, and so on until all capital is fully allocated. Based on the information, Project 6 has the highest return, followed by 1 and 3. These three projects together will cost:

350,000 + 300,000 + 250,000 = $900,000

After those three projects, the firm will have $100,000 left. The best out of remaining project is 7, but it costs 400,000, which the firm cannot afford. The best affordable project is 4, which offers a return of 12.1%. Hence, the firm should spend the remaining 100,000 on project 4.

b)

The budget limit constraints the firm to give up project 7, which offers a NPV of $48,000. The firm is forced to choose project 4, which has a NPV of $14,000.

Thus the lost in market value of the firm = 48,000 - 14,000 = $34,000.

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3 years ago
A certain marble quarry provides a unique type of marble that is richly colored and strikingly veined. It has been used for chur
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Answer:

a. The cost of the marble will be expensive because of the bargaining power of the supplier.

Explanation:

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