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.
Answer:
A. $2,765,000
Explanation:
Data provided
Number of chairs sold = 35,000
Cost per chair = $79
The computation of cost of goods sold of Pepper is shown below:-
Cost of goods sold = Number of chairs sold × Cost per chair
= 35,000 × $79
= $2,765,000
Therefore for computing the amount of cost of goods sold of pepper we simply multiply the number of chairs sold with cost per chair
Answer:
The correct answer is the option C: the restaurant has been around for many years and the customers have a nostalgic preference for it.
Explanation:
It is quite understood that if a restaurant has a wide number of loyal customers due to their brand recognition then that company will ultimately tend to charge a higher price to the customers because of their loyalty. However, this unique situation of loyalty may not explain completely how that business could do it when there are many other competitors around the same region, and therefore that if an explanation must be found to why the company can charge more and still remain competitive then more details of the company's strategy must be revealed.
Answer:
FV = 2,621,048.23
Explanation:
we will calcualte the future value of an annuity with an geometric progression:
g 0.03
r 0.092
C 5,356 ( we will save next year (52,000 x 1.03) the 10% )
n 39 (we start saving next year)
FV = 2,400,227.319
As we deposit at the first day of the year this will be an annuity-due so we will multiply by (1 +r)
FV = 2,621,048.23
