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kenny6666 [7]
2 years ago
12

Nathanial’s company developed a new machine that could sort through a stock of produced goods to identify defective ones. His co

mpany wants to register a patent for this machine. What patent can Nathanial’s company apply for?
Nathanial’s company can apply for a ___ patent for the new machine.
Business
1 answer:
Marta_Voda [28]2 years ago
5 0

Nathanial’s company can apply for a Utility Patents patent for the new machine.

<u>Explanation:</u>

Any intellectual property can be protected by the use of a patent. Filing for legal protection is the major requirement for acquiring a patent. Patent are useful for the protection of any new process, machine or anything that is created physically. Utility patent, plant patent, provisional patent and design patent are the different types of patents that exists in US.

When a new product,machine or process is created or remodeled then Utility Patent helps to protect them. "patent for Invention" is the other name given for Utility patent. It protects your inventions from being sold or used by other industries or enterprises without your authorization.

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Which of the following statements represent the appropriate directional relationships between the concepts of inherent risk, con
luda_lava [24]

Answer:

b. As inherent risk goes up, audit risk goes down.

Explanation:

Inherent risk is the risk which is present before applying any control, and audit risk is the that the auditor expresses inappropiate audit opinion when the financial statements are materialy misstated.

Thus, when the inherent risk is <em>high</em>, the auditor keeps the audit risk at <em>low </em>level to perform more subtantative procedures.

8 0
2 years ago
Gilberto Company currently manufactures 40,000 units per year of one of its crucial parts. Variable costs are $1.60 per unit, fi
mestny [16]

Answer:

It is cheaper to make the part. In three years the company will save $12,000.

Explanation:

Giving the following information:

Units= 40,000

Variable costs= $1.60 per unit

Fixed costs= $40,000 per year

Gilberto is considering buying the part from a supplier for a quoted price of $2.70 per unit guaranteed for three years.

We need to calculate the total cost of making and buying the part.

Make in-house:

Total cost= 1.6*40,000 + 40,000= $104,000

Buy:

Total cost= 40,000*2.7= $108,000

It is cheaper to make the part. In three years the company will save $12,000.

5 0
3 years ago
A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaur
wel

Answer:

Psychological pricing

Explanation:

Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.

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3 years ago
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