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4 years ago

Define intellectual property. What are the four forms of intellectual property?

Business

1 answer:

Semenov [28]4 years ago

5 0

Answer:

Explanation:

Define intellectual property?

intellectual property can be attributed to Property Law, it can be defined as the creativity from intellect of human. I.e the idea or design someone come up with, and it necessary to be protected in order to prevent it from stealing away from the owner so he/she can reap the benefits of this/her creativity. The forms of these intellectual property include: 1)patents

2)copyrights

3) trademarks

4)trade secrets

What are the four forms of intellectual property?

1)patents

2)copyrights

3) trademarks

4)trade secrets

Here is little explanation on each of them.

1)PATENTS: this is the proper right that is issued to the owner of an invention to prevent the invention such as design to be tampered with, without his/her consent.

2.) COPYRIGHT: this is legal grant given to the original owner of a particular intellectual property to make copies of it for a given time

3) TRADEMARKS: this could be words ,symbols that differenciate the product or service of a company from another one, it's a legal services mark.

4)TRADE SECRET: This is a confidential information about the company that gives it an edge over other company it's a form of intellectual property right.

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Your firm has a bond issue with a face value of $250,000 outstanding. These bonds have a coupon rate of 7 percent, pay interest

trapecia [35]

Answer:

$3,675

Explanation:

Calculation to determine the amount of the annual interest tax shield

Using this formula

Annual interest tax shield=Outstanding face value*Coupon rate*Tax rate

Let plug in the formula

Annual interest tax shield = $250,000 *.07 *.21

Annual interest tax shield= $3,675

Therefore the amount of the annual interest tax shield is $3,675

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3 years ago

A mask company set up a hospitality tent outside the Olympics arena. Its goal was to eoncourage patrons to view it as an Olympic

Grace [21]

Answer: Ambush Marketing

Explanation:

The mask company is engaged in Ambush marketing in the Olympics event.

Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.

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4 years ago

Company had 200 units of inventory on hand at the end of the year. These were recorded at a cost of $12 each using the last-in,

Georgia [21]

Answer:

Debited by $400

Explanation:

Calculation for the Cost of Goods Sold

Using this formula

Cost of Goods Sold= Inventory on hand*(Cost-Current replacement cost)

Let plug in the formula

Cost of Goods Sold=200 units * ($12 - $10)

Cost of Goods Sold= 200 units*2

Cost of Goods Sold = $400 Debited

Therefore the Cost of Goods Sold will be:$400 Debited

8 0

4 years ago

If a company produces many different products, it will develop a standard cost for each type of product. true false

saveliy_v [14]

True. A company will develop a standard cost for each product type if it produces many different products.

The process cost system should be used when manufacturing is efficient and continuous. This system's equivalent units method successfully represents the challenging problem of determining how much work the Work in Process entails.

Process costing explains how to use the concept of equivalent units to assign manufacturing costs to the units produced. Businesses may create and market various goods, or at the very least, multiple versions of the same product. Most of the time, manufactured goods are connected in terms of consumption or production. The firm's output and pricing decisions must consider the relationships between the items when they are related.

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2 years ago

Selected current year company information follows: Net income $ 17,753 Net sales 730,855 Total liabilities, beginning-year 101,9

Sveta_85 [38]

Answer:

6.03%

Explanation:

Calculation for the return on total assets

First step will be to find the assets at the beginning using this formula

Beginning year Assets =Beginning Total liabilities + Beginning Stockholders' equity

Let plug in the formula

Beginning year Assets=$101,932 + $216,935

Beginning year Assets=$318,867

Second step is to find the end of the year asset using this formula

End of the year assets = Ending Total liabilities + Ending Stockholders' equity

Let plug in the formula

End of the year assets=$121,201 + $148,851

End of the year assets = $270,052

Last step is to calculate for the return on total assets using this formula

Return on total assets = Net income/Average of total assets,

Let find the Total asset averages

Using this formula

Total asset averages=(Beginning year Assets+End of the year assets)/2

Let plug in the formula

Total asset averages($318,867 + $270,052)/2 Total asset averages=$588,919/2

Total asset averages= $294,459.50

Hence,

Return on total assets = Net income/Average of total assets

Return on total assets=$ 17,753/294,459.50

Return on total assets=0.0603

Return on total assets=6.03%

Therefore the return on total assets will be 6.03%

8 0

4 years ago