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Zanzabum
3 years ago
15

You wish to cite lucent information management, incorporated versus lucent technologies, incorporated. this is a 1997 federal ca

se from the district court for the district of delaware. it is reported in volume 986, page 253, of federal supplement. although you do not plan to elaborate on this case in text, you want the reader to know that its significance is its "holding that trademark ownership is acquired by adoption and use according to common law traditions." the third circuit court of appeals affirmed the district court's holding in 1999 in an opinion reported in volume 186, page 311, of federal reporter, third series.
Business
1 answer:
andrey2020 [161]3 years ago
4 0
<span>1997 Federal Supplement Volume 986, page 253, 'Lucent Information Management Incorporated vs. Lucent Technologies Incorporated' signifies that "holding that trademark ownership is acquired by adoption and use according to common law traditions." The third circuit court of appeals affirmed the district court's holding in 1999 in an opinion reported in volume 186, page 311, of federal reporter, third series.</span>
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On April 1, 10,000 shares of $20 par common stock were issued at $24.
Ann [662]

Answer:

The journal entry to record this transaction would be:

April 1, 10,000 shares issued

Dr Cash 240,000

    Cr Common stock 200,000

    Cr Additional paid in capital 40,000

The balance sheet is affected:

Assets                = Liabilities       +      Stockholders' equity

Cash                  =   NA                     Common stock         APIC

$240,000                                           $200,000        +   $40,000

increases                                            increases              increases

The cash flow statement is also affected since cash from financing activities increases by $240,000. The statement of shareholders' equity is also affected because equity increases by $240,000.

The income statement is not affected.

4 0
3 years ago
Economic variables that are calculated in current year prices are referred to as __________ variables, while variables that have
ivanzaharov [21]

Answer:

Nominal, real

Explanation:

Nominal variables are measured on normal and ideal scales. Nominal values do not account for factors such as inflation that can cause value of an object to appreciate or depreciate.

Real variables on the other hand are those that take into account various factors that can change the value of something. For example of the value of a good was $300 and now due to inflation the relative value will decrease and might give $200. So the value of the item is reduced.

8 0
3 years ago
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
LUCKY_DIMON [66]

The selling price is $ 1140.

<u>Explanation</u>:

Given, average wage for employees per hour = $ 12

Overhead  work wage per hour = $ 18

mark up over cost = 20%

Job M-47 took 20 hours, so it would be

=(average wage cost + overhead cost) \times markup over cost + material used cost

= ($ 12 + $ 18) \times 20 + $ 350

= $ 600 + $ 350 of materials

= $950

Total cost = $ 950 \times 1.2 (the 20% mark up over cost)

                = $ 1140.

The selling price is $ 1140.

7 0
2 years ago
Crane Company began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $596000. Assumi
vladimir2022 [97]

Answer:

$765,400

Explanation:

This can be calculated step by step below:

Ending inventory at base-year-prices = current inventory at end of year prices / Current index = $825,000 / 1.1 = $750,000

Real-dollar quantity increase in inventory = Ending inventory at base-year-prices - Beginning inventory or base year layer = $750,000 - $596,000 = $154,000

Value of real-dollar quantity increase in inventory = Real-dollar quantity increase in inventory *  Current index = $154,000 * 1.1 = $169,00

Dollar-value LIFO Ending inventory = Beginning inventory + Value of real-dollar quantity increase in inventory = $596,000 + $169,00 = $765,400.

Therefore, the ending inventory using dollar-value LIFO is $765,400.

3 0
2 years ago
You have been purchasing $12,000 worth of stock annually for the past eight years and now have a portfolio valued at $87,881. Wh
slega [8]

Answer:

28.3%

Explanation:

The formula to calculate the final amount for compound interest is:

A=P(1+\frac{r}{n})^{nt}

where

A is the final amount

P is the principal

r is the rate of return

n is the number of times the interest is compound in a time t

t is the time

Here we have:

P = $12,000 is the principal

A = $87,881 is the final amount

t = 8 y is the time (8 years)

n = 1 , since interest is compounded every year

Therefore, solving for r, we find the rate of return:

\frac{A}{P}=(1+r)^t\\r=\sqrt[t]{\frac{A}{P}}-1=\sqrt[8]{\frac{87,881}{12,000}}-1=0.283=28.3\%

8 0
3 years ago
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