Which of the following is an international treaty protecting copyrights?
a. The International Classification of Goods and Services
b. The Berne Convention for the Protection of Literary and Artistic Works
c. The Madrid Protocol
d. The Paris Convention for the Protection of Industrial Property
b
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Mickey Tire Company makes a special kind of racing tire. Variable costs are $220 per unit, and fixed costs are $30,000 per month. Mickey sells 500 units per month at a sales price of $300. If the quality of the tire is upgraded, the company believes it can increase the sales price to $340. If so, the variable cost will increase to $230 per unit, and the fixed costs will rise by 50%. If Mickey decides to upgrade, how will operating income be affected?
A) Operating income will decrease by $15,000. B) Operating income will decrease by $5000. C) Operating income will increase by $5000. D) Operating income will remain the same.
Rawhide Outfitters had projected its sales for the first six months of 2012 to be as follows:
Jan. $50,000 April $180,000 Feb. $60,000 May $240,000 Mar. $100,000 June $240,000 Cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collected in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second month following the sale. Total other cash expenses are $40,000/month. The company's cash balance as of March 1st, 2012 is projected to be $40,000, and the company wants to maintain a minimum cash balance of $15,000. Excess cash will be used to retire short-term borrowing (if any exists). The firm has no short-term borrowing as of March 1st, 2012. Assume that the interest rate on short-term borrowing is 1% per month. What was Rawhides' projected loss for March? A) $184,000 B) $84,000 C) $110,000 D) none of the above