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babymother [125]
3 years ago
11

Original, creative work of an artist or inventor is called intellectual property.

Business
1 answer:
aivan3 [116]3 years ago
8 0

Original, creative work of an artist or inventor is called intellectual property.

Explanation:

Intellectual property of a person or a company is the part of their product that is protected by copyright or patent and cannot be reproduced without permission from them.

This means that they have the right to earn money from it and ecide where it will be and where it will not be.

Intellectual property has to be original and something that germinates out of a new idea for a new product or something that has not  been created in that way before.

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15. Assume that Bullen issued 12,000 shares of common stock, with a $5 par value and a $47 fair value, to obtain all of Vicker's
vodomira [7]

Answer:

$104,000

Explanation:

Note: <em>The full question is attached as picture below</em>

Fair value of net assets = Cash and receivables + Inventory + Land + Buildings (net) + Equipment (net) - Liabilities

Fair value of net assets = $70,000 + 210,000 + 240,000 + 270,000 + 90,000 - 420,000

Fair value of net assets = $460,000

Purchase consideration paid = 12,000*$47

Purchase consideration paid = $564,000

Goodwill recognized = Purchase consideration - Fair value of net assets

Goodwill recognized = $564,000 - $460,000

Goodwill recognized = $104,000

7 0
2 years ago
Develop an Excel worksheet simulation for the following problem. The management of Paragon Household Products is considering the
Alexxandr [17]
<h2><u>Disclamer:</u></h2>

As it ask to run simulations the values calculates will difer even if you follow the same step as I did.

Answer:

Mean Profit:  $ 4,295  

Probability of loss:  29.80%

As the product has a mean profit it will on average generate gains

but:  

as the standard deviation of the simulation was $ 7,778.40

<u>we should not invest on the product as it is to variable</u>

<u>Explanation</u>:

We are going to use the =RAND() function of excel

which, generates a random number between 0 and 1

This will be done 1,000 times 500 for the variable cost

and 500 for the demand.

Then we copy and paste this numbers to get them fixed.

Then, we convert them into actual cost and demand in units considering their distribution

using excel dist.norm.inv

Now, with this values we solve for profit on each one.

<u></u>

FOr the complexity I attached the excel file as the plataform interface cannot handle large tables.

Download xlsx
6 0
3 years ago
Bank Robbery. Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who capture
laiz [17]

Answer:

E. Ursula is likely to prevail because an enforceable unilateral contract exists based on her provision of information leading to the capture of Victor.

Explanation:

A unilateral contract is in existence because safe bank has made an offer to pay $10,000. And in a unilateral contract when an offerer like safe bank makes an offer, the offer is accepted through actual performance which Ted has done through information Ursula provided. Therefore Ursula would prevail because unilateral contracts are enforceable by the law.

4 0
3 years ago
Mike just looked at his spending from last month and discovered he spent $120 buying movies. Mike knows that $120 is a lot of mo
navik [9.2K]

Answer:

B

Explanation:

4 0
3 years ago
Read 2 more answers
Corrector guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 5 %
rodikova [14]

Answer:

A.CORRECTOR JOURNAL ENTRIES

1.2016

Dr Cash 240,000

Dr Note receivable 560,000

Cr Sales Revenue 800,000

2. Record of the warranty expense.

2016

Dr Warranty Expense 40,000

Cr Estimated Warranty Payable 40,000

3.To Record the warranty payments for the company.

2016

Dr Estimated Warranty Payable 12,000

Cr Cash12,000

B . T-ACCOUNT

DEBIT SIDE

The Estimated Warranty Payable will be:

Dr Payments12,000

CREDIT SIDE

Beginning balance 0

Accrual 40,000

Ending balance 28,000

Explanation:

A. Preparation of the Record of the sales, warranty expense, and warranty payments for the company while Ignore cost of goods sold.

CORRECTOR JOURNAL ENTRIES

2016

Dr Cash 240,000

(30%× Sales amount $800,000)

Dr Notes Receivable 560,000

(800,000-240,000)

Cr Sales Revenue 800,000

(560,000+240,000)

To record sales for 2016

Record of the warranty expense.

2016

Dr Warranty Expense 40,000

(5%×800,000)

Cr Estimated Warranty Payable 40,000

To record the accrue warranty payable.

To Record the warranty payments for the company.

2016

Dr Estimated Warranty Payable12,000

Cr Cash12,000

To record Warranty payments.

B . T-ACCOUNT

DEBIT SIDE

The Estimated Warranty Payable will be:

Dr Payments12,000

CREDIT SIDE

Beginning balance 0

Accrual 40,000

Ending balance 28,000

(40,000-12,000)

4 0
3 years ago
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