Identify five intellectual property law specialty areas
What will be an ideal response?
Areas include intellectual property law, patent law, copyright law, trademark law, trade secret law, law of licensing, and law of unfair competition dealing with counterfeiting and piracy.
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What is the cost of goods sold?
Viva, Inc. has provided the following information for the year:
A) $184,000
B) $1,275,000
C) $1,261,000
D) $1,247,000
A chemical company spent $531,000 to produce 151,000 gallons of a chemical that can be sold for $5.00 per gallon. This chemical can be further processed into a weed killer that can be sold for $8.20 per gallon. It will cost $250,000 to process the chemical into the weed killer. Which of the following is TRUE?
A) To maximize operating income, the company should continue to sell the chemical as is. B) If the company decides to process further, it will increase operating income by $457,200. C) If the company decides to process further, it will increase operating income by $233,200. D) If the company decides to process further, it will decrease operating income by $1,238,200.
Why do marketers refer to two audiences within the MPR process?
What will be an ideal response?
Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is:
A. Debit Unrealized Gain-Equity, $8,000; credit Cash, $8,000. B. Debit Cash, $8,000; credit Dividend Revenue, $8,000. C. Debit Cash, $8,000; credit Interest Revenue, $8,000. D. Debt Long-Term Investment, $8,000; credit Cash, $8,000. E. Debit Cash, $8,000; credit Long-Term Investments, $8,000.