paper industry, chemistry industry, pharmaceutical industry, fashion industry, electronic industry
Answer:
Must wait for 20 years
Explanation:
Exclusive rights granted for an invention is patent. The law protects the invention from commercial exploitation by others apart from the inventor. The protection is time-limited.
Patents last for 20 years. Before the expiry of the 20 years, any attempts to produce goods under patent protection is illegal. A person wishing to manufacture and sell goods under patent must wait for its expiry.
Answer:
the quick ratio is 1.4 times
Explanation:
The computation of the quick ratio is given below:
Quick ratio is
= (Cash + Accounts receivables) ÷Current liabilities
= ($120,000 + $80,000) ÷ $140,000
= 1.4 times
hence, the quick ratio is 1.4 times
The same should be considered and relevant
Answer:
$45,195
Explanation:
The computation of the taxable income is shown below;
But before that following calculations need to be done
Gross income is
= Gross salary + Dividend income + Interest income
= $58,755 + $245 + $295
= $59,295
Now
Adjusted gross income = Gross income - Adjustments to income
= $59,295 - $2,100
= $57,195
And, finally
Taxable income = Adjusted gross income - ( standard deduction or itemized deduction i.e. higher amount
So,
Taxable income = $57,195 - $12,000
= $45,195
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