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3 years ago

What is a major purpose of patents, trademarks, and copyright protections in a capitalist society?

Business

1 answer:

evablogger [386]3 years ago

7 0

Answer:

A. To reward creative and innovative individuals

Explanation:

A patent is a record of intellectual and scientific activity on the outcome of an experiment that will benefit society as a whole. For example, when a company creates a new medicine, it is entitled to a patent. This ensures that only she can market that medicine for a certain number of years. A patent is a form of stimulating research and innovation, as it guarantees the owner the rights to market. If this were not protected, there would be no incentive to develop new components as everything could be quickly copied by other companies, which would be unfair to those who struggled to create the product.

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Financial statement data for years ending December 31 for tango company follow

maxonik [38]

The inventory turnover for Tango company are: 4.8, 5.3.

<h3>Inventory turnover</h3>

Using this formula

Inventory Turnover = Cost Of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)

20Y7

Inventory Turnover =$3,864,000 /($770,000+$840,000)/2

Inventory Turnover=$3,864,000/$805,000

Inventory Turnover=4.8

20Y6

Inventory Turnover = $4,001,500 /($740,000+$770,000)/2

Inventory Turnover= $4,001,500 /$755,000

Inventory Turnover=5.3

Therefore the inventory turnover for Tango company are: 4.8, 5.3.

The complete question is:

Financial statement data for years ending December 31 for tango company follow

20Y7 20Y6

Cost of goods sold $3,864,000 $4,001,500

Inventories:

Beginning of year 770,000 740,000

End of year 840,000 770,000

Determine the turnover for 20Y7 and 20Y6.

Learn more about inventory turnover here:brainly.com/question/18914383

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8 0

1 year ago

Who benefits from an import-substitution strategy? who is harmed?

Aloiza [94]

Answer:

Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. Domestic consumers benefit from import substitution as they do not have to face strong competition from foreign competitors and can sell their goods at a higher price. So for example manufacturers in USA sell a battery from $10 but consumers from USA have the option to import that battery at $7 from China the US manufacturers wont be able to compete as Chinese companies have lower cost of production therefore they can sell cheaper and in order to protect the local manufacturers the government may use an ISI strategy to help the local manufacturers. On the other hand consumers are harmed from this strategy as they cannot buy the cheaper product because of change in government strategy. So consumers who were buying the battery at $7 not have to buy it at $10.

Explanation:

5 0

2 years ago

Kết luận sự thích ứng tâm lý của sinh viên năm nhất

Mamont248 [21]

Answer:

I think I should ask in English language

4 0

3 years ago

As a result of monetary policy of the Fed, the dollar appreciated and the amount of exports decreased. Which of the following Fe

vodka [1.7K]

Answer:

D. A Fed sale of bonds to brokers and banks.

Explanation:

The sale of bonds to banks and brokers is a contractionary open market policy. Its objective is to check inflation by slowing down the rate of economic growth. When the Fed offer bonds to the markets at a higher interests rate, banks will prefer to buy the bonds than lending out money to household and firms.

Producers rely on banks to fund their operations. If they cannot obtains loans for production and growth, their output decreases. A decrease in output results in reduced exports. Low production of US goods means a reduced supply to the international market. It means international buyers will be competing for fewer US products. As the markets compete for the few available products, they push the demand for the dollar up, causing it to appreciate in value.

6 0

2 years ago

The account cash overage is which type of account? an asset account a liability account a miscellaneous revenue account a miscel

spayn [35]

The account cash overage is a type of revenue account. A revenue account is where the revenues are considered to be the assets in which is being earned by a particular person handling business activities or operations in which an account cash overage is.

5 0

3 years ago