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3 years ago

What is the primary importance of benefits 1 and 2 as discussed in "The Pros and Cons of Patents"

2 answers:

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<span>According to the article, patents allow inventors to “own the market” for their ideas, meaning the US government has deemed the idea original and protected the idea from being reproduced by others for 20 years. This makes the idea more marketable, which allows the inventor to attract investors. These benefits support the idea that patents promote invention.</span>

mafiozo [28]3 years ago

3 0

Answer:

Benefit 1: The opportunity to own a market

The US government protects your invention for 20 years, that means that during 20 years, you virtually own your invention's market, e.g. Eli Lilly patented Prozac in 1987 and they held the monopoly fro 14 years until 2001.

Benefit 2: Attracting Investors and Funding

Who will risk their money if an invention is not protected? Investors don't care about good intentions, they care about money, and the only way an invention can guarantee a return is through patent protection.

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Zeus Industries sells satellite television systems. Recently, the company invested heavily in one of the many new technologies a

Elanso [62]

Answer: Filtering

Explanation:

Filtering in communication occurs when information passed on between two bodies is being reduced by the middlemen, where the middlemen are not able to communicate favourable with either party and it affects either of the party, it's called filtering. The inability for the salesperson's to communicate the technical knowledge of the product to the customers which they are being taught during trainings is known as filtering in communication. This causes the business loss as the customers are not able to operate the equipment effectively which the business sells.

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3 years ago

As a general construction contractor, WDF INC. contracted to renovate schools in New York City. WDF subcontracted with JLG Archi

kykrilka [37]

Answer:

WDF Inc. is correct. From the fact that JLG Architectural Products and East Coast Window Installers Inc. were partners in the window installation subcontract, they should be jointly and severally held liable for any liability arising from the window installation project unless they have contrary agreements clearly differentiating their liabilities in the partnership.

Explanation:

WDF Inc. = main contractor

JLG Architectural Products = subcontractor and partner to East Coast

East Coast Window Installers Inc. = subcontractor and partner to JLG

JLG Architectural Products and East Coast Window Installers Inc have formed a partnership when they come together to form a business or execute a business transaction jointly. A joint venture is a kind of partnership.

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3 years ago

Crawford Company started the year with $60,000 in its Common Stock account and a credit balance in Retained Earnings of $44,000.

umka2103 [35]

Answer:

b. $72,000

Explanation:

Retained EarningEnding Balance = Opening Balance of retained earning + net income - Dividend Declared

Retained EarningEnding Balance = $44,000 + $48,000 - $20,000

Retained EarningEnding Balance = $72,000

The issue of common stock will not effect retained earning account balance It will be credited to common stock account and add-in-capital common stock account.

7 0

3 years ago

What can you learn about a consumer from the choices the person makes?

allsm [11]

You can learn a lot about a consumer based on the choices the person makes. If the buy the same brand or type of item consistently, you can tell they favor that brand. If they buy what's on sale, then they are a bargin shopper looking for a good deal. You are able to figure out a consumers buying habbits based on the type of purchases they make.

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3 years ago

Monte’s Coffee Company purchased packaging equipment on January 5, 2014, for $90,000. The equipment was expected to have a usefu

Igoryamba

Answer:

1.a

2014 Depreciation

Straight line method $28,000

Units-of-output $37,380

Double declining balance $60,000

2015 Depreciation

Straight line method $28,000

Units-of-output $29,820

Double declining balance $20,000

2016 Depreciation

Straight line method $28,000

Units-of-output $16,800

Double declining balance $6,667

1.B Total Depreciation in 3 years

Straight line method $84,000

Units-of-output $84,000

Double declining balance $86,667

2. Double declining balance yields the highest depreciation expense for 2014

3. Double declining balance yields the highest depreciation expense over the three-year life of an equipment

Explanation:

1.A In computing straight line method, the formula would be:

(cost of equipment - salvage value) / life of equipment

2014

(90,000 - 6,000) / 3 years = 28,000

2015

(90,000 - 6,000) / 3 years = 28,000

2016

(90,000 - 6,000) / 3 years = 28,000

TOTAL DEPRECIATION IN 3 YEAR LIFE OF EQUIPMENT = $84,000 ($28,000 + $28,000 + $28,000)

UNITS-OF-OUTPUT METHOD

Formula: (Cost of equipment - salvage value) / total operating hours of equipment x operating hours used for the year

2014

($90,000 - 6,000) / 20,000 x 8,900

($84,000 / 20,000) x 8,900

$4.2 per hour x 8,900 = $37,380

2015

($90,000 - 6,000) / 20,000 x 7,100

($84,000 / 20,000) x 7,100

$4.2 per hour x 7,100 = $29,820

2016

($90,000 - 6,000) / 20,000 x 4,000

($84,000 / 20,000) x 4,000

$4.2 per hour x 4,000 = $16,800

TOTAL DEPRECIATION IN 3 YEAR LIFE OF EQUIPMENT = $84,000 ($37,380 + $29,820 + $16,800)

DOUBLE DECLINING BALANCE

Formula: 100%/life of equipment x 2

*residual value will not be considered in this method of computation of depreciation expense.

2014

100% / 3 years x 2 = 66,67%

90,000 x 66.67% = $60,000

2015

100% / 3 years x 2 = 66,67%

$90,000 - $60,000 = $30,000

$30,000 x 66.67% = $20,000

2016

100% / 3 years x 2 = 66,67%

$90,000 - ($60,000 + $20,000) = $10,000

$10,000 x 66.67% = $6,667

TOTAL DEPRECIATION IN 3 YEAR LIFE OF EQUIPMENT = $86,667 ($60,000 + $20,000 + $6,667)

2. Double declining method yields the highest depreciation expense in 2014 in the amount of $60,000 as computed above.

3. The method that yields most depreciation over the three-year life of an equipment is the DOUBLE DECLINING METHOD in a total amount of $86,667.

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3 years ago