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irga5000 [103]
3 years ago
9

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

Business
2 answers:
wolverine [178]3 years ago
4 0
<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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Distinguish between the concepts of service vs. product marketing strategies. Provide an example of each and evaluate why each i
Alex Ar [27]

Answer:

service mena intangible or we can't take it with us or purchase it to take home

product is tangible it is something we can purchase at any time any place

Explanation:

for example service we can see in hotel a room service

for the product we can see Chocolate we can purchase it any where and take to other place but in contrast we can't take service

6 0
2 years ago
Morgan is moving to a new city. Select all of the factors she should consider when selecting a new financial institution.
svet-max [94.6K]
Fees- Everything has a cost. Especially institutions, that are public.

Minimum Balance needed in an account-
If you are considering to buy anything, be sure to know your average amount of dollars you have, to know how much money you can spend. Be sure to have some left over.

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7 0
3 years ago
Read 2 more answers
Hugh has the choice between investing in a city of heflin bond at 6.60 percent investing in a surething bond at 10.00 percent. a
butalik [34]

Answer: Surething Inc, needs to issue bonds with 11% interest rate in order to make Hugh indifferent between investing in two bonds.

We arrive at the answer in the following manner:

The City of Helfin bonds are municipal bonds and hence they are tax free. This means that Hugh will get an after - tax return of 6.6%.

The bonds of Surething Inc offering a 10% interest, however are taxed at 40%. So, the current after-tax returns of the bond is:

After - tax return= Pre- tax return * (1 -tax rate)

After-tax return= 0.1 * (1-0.4)

Current after tax return = 0.06 or 6%

However Hugh will be indifferent to investing in these two bonds only if they offer the same after-tax return of 6.6%.

Given this, we can calculate the indifference rate as follows:

After - tax return= Pre- tax return * (1 -tax rate)

0.066= Pre- tax return * (1 -0.4)

\frac{0.066}{0.6}= Pre-tax return

Pre-tax return = 0.11 or 11%.

8 0
3 years ago
Marin Company's accounts receivable arising from sales to customers amounted to $88000 and $77000 at the beginning and end of th
anzhelika [568]

Answer:

Marin Company

Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$345,000

Explanation:

a) Data and Calculations:

Accounts Receivable (Beginning) $88,000

Accounts Receivable (Ending) $77,000

Increase in Cash received from customers = $11,000

b) Income reported on the income statement for the year = $334,000

Increase in Cash received from Customers =                               11,000

Cash flows from operating activities to be reported =           $345,000

c) The Accounts Receivable reduced from $88,000 to $77,000.  This implied that some customers settled their accounts.  Therefore, there was inflow of cash from customers.  This increases the cash flows from operating activities.  This is why the difference is added to the Income as per income statement as a change in working capital.

5 0
2 years ago
"When Erica calculates the current assets for her picture framing business, she should not include which of the following? Group
Sergio [31]

Answer:

Accounts payable

Explanation:

Accounts payable is the amount that the firms owes to its suppliers. It is a current liability as it should be paid back within a year. Current assets represent current economic benefits of the firm that is utilized within the operating cycle of the firm. which is generally a year. Examples of current assets are inventory, accounts receivables (amount owed to the firm by customers) and cash in hand.

As such, other options except accounts payable are included in Erica's business as current assets.

4 0
3 years ago
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