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3 years ago

How do patents encourage technological progress

1 answer:

7 0

Patents are used to balance the right of the individual with the concept of the public good. In general, the purpose of a patent is two-fold: to allow the inventor of some new thing to retain exclusive rights as to its use for a limited period of time, and after that time to ensure that the details of the invention are available for public use.
By granting the patent-holder exclusive rights to their invention, use and duplication of the invention is at the sole discretion of the inventor, potentially allowing them to profit from it. However, after a period of time those exclusive rights cease to apply, and the new invention becomes available to the public. This contributes to the public good by increasing the amount of general knowledge available.

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Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware issued $35,000,000 of five-year, 12% bon

nlexa [21]

Answer:

Cash proceeds is $37,702,607.23

First premium amortization $214,869.64

Second premium amortization is $225,613.12

First year interest expense is $ 3,759,517.24

Explanation:

The amount of cash proceeds from the bond issue is the pv of the bond using the pv formula,=-pv(rate,nper,pmt,fv)

rate is 10% yield to maturity divided 2 since interest is semi-annual i.e 5%

nper is 5 years multiplied by 2=10

pmt is the semi-annual interest payable by the bond i.e $35,000,000*12%*6/12=$2,100,000

fv is the face value of the bond at $35,000,000

=-pv(5%,10,2100000,35000000)

pv=$37,702,607.23

The amount of premium to be amortized in first semi-annual interest payment:

Interest expense=$$37,702,607.23*10%/2=$1,885,130.36

coupon interest=$35,000,000*12%/2=$2,100,000

Premium amortized=$2,100,000-$1,885,130.36

premium amortized=$214,869.64

The amount of premium to be amortized in second semi-annual interest payment:

interest expense=($37,702,607.23+$2,100,000-$1,885,130.36)*10%/2

=$1,874,386.88

Premium amortized=$2,100,000-$1,874,386.88

premium amortized=$225613.12

Bond expense for the first payment= 37,702,607.23*10%/2

=$1,885,130.362

Bond expense for the first payment= 37,487,737.59 *10%/2

=$ 1,874,386.88

First year bond interest expense= 1,874,386.88+1,885,130.362

=$ 3,759,517.24

Find attached schedule in addition

Download xlsx

4 0

4 years ago

X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has proje

krok68 [10]

Answer:

Loss = $122,881

Explanation:

Relevant Data provided

Bay Back Price of the bond = $103,000

Carrying value of the Bond As on 12/31/2022 = $225,881

As per the given question the solution of gain or loss is provided below:-

Gain or Loss = Bay Back Price of the bond - Carrying value of the Bond As on 12/31/2022

= $103,000 - $225,881

Loss = $122,881

So, we have calculated the loss by using the above formula.

3 0

4 years ago

During the current year, Karen sells her entire interest in Central Corporation common stock for $ 22 comma 000. She is the sol

statuscvo [17]

Solution and Explanation:

Amount realized 22,000 Minus: Basis 89,000 Loss recognized 67000

answer a ) Since Karen is single she can guarantee this lose as a common misfortune to a limit of $50,000. Karen won't have the option to guarantee the whole $67,000 that she lost she can just guarantee $50,000.

answer b) Since Karen is recording a joint government form she can guarantee a lose of upto $100,000. Karen will have the option to guarantee the whole loss of $67,000.

answer c ) With the stock being bought from another investor as opposed to the sorting out enterprise she can guarantee the whole loss of $67,000 as a captial gain misfortune.

answer d ) B. By selling a segment of the stock in one year and the staying stock in one more year Karen could change over the whole misfortune on the deal to a normal misfortune.

7 0

3 years ago

What percent of jobs are found through networking

8090 [49]

60-80%

Networking (interacting and communicating with other professionals) is one of the most effective means of searching for a job.

7 0

3 years ago

Prextos Corp., after incurring losses, decides to move its manufacturing unit to a foreign location where it would get labor at

Darya [45]

Answer:

Offshoring

Explanation:

offshoring is the process of moving an aspect of a business process overseas with the intention of reducing cost.

A firm can move its manufacturing process from its own parent country to another country (usually where the labour rate and cost of raw materials is cheap compared to what it obtainable in its home country) in other to reduce its cost of production thereby increasing its added value.

From the above explanation, we can conclude that Prextos is planning to employ Offshoring to cut down losses.

7 0

4 years ago