Ernest invents a novel, useful, nonobvious product. He:____.a. must apply for a patent within one year of selling the product commercially.
b. may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application.
c. is entitled to a patent over someone else who invents the same product if he is the first to invent it.
d. may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the PTO Office.

Answers

Answer 1

Answer:

Answer:

a. must apply for a patent within one year of selling the product commercially.

Explanation:

As the product is the novel and also useful at the same time so he himself wants to try for the commercial purpose for reaping the benefits and the same should be used for a patent within one year for selling the product commercially manner

So as per the given situation, the option a is correct

And, the rest of the options seems incorrect

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4th Time posting same QUSETION; I have due on tomorrow assignment; please some one help and provide correct answer.Problem 9-17WACC EstimationThe table below gives the balance sheet for Travellers Inn Inc. (TII), a company that was formed by merging a number of regional motel chains.Travellers Inn: December 31, 2012 (Millions of Dollars)Cash $10 Accounts payable $10Accounts receivable 20 Accruals 10Inventories 20 Short-term debt 5Current assets $50 Current liabilities $25Net fixed assets 50 Long-term debt 30Preferred stock 5Common equity Common stock $10Retained earnings 30Total common equity $40Total assets $100 Total liabilities and equity $100The following facts also apply to TII:1. Short-term debt consists of bank loans that currently cost 8%, with interest payable quarterly. These loans are used to finance receivables and inventories on a seasonal basis, bank loans are zero in the off-season.2. The long-term debt consists of 30-year, semiannual payment mortgage bonds with a coupon rate of 8%. Currently, these bonds provide a yield to investors of rd= 12%. If new bonds were sold, they would have a 12% yield to maturity.3. TII's perpetual preferred stock has a $100 par value, pays a quarterly dividend of $2.50, and has a yield to investors of 11%. New perpetual preferred would have to provide the same yield to investors, and the company would incur a 3% flotation cost to sell it.4. The company has 4 million shares of common stock outstanding. P0 = $20, but the stock has recently traded in price the range from $17 to $23. D0 = $1 and EPS0 = $2. ROE based on average equity was 26% in 2008, but management expects to increase this return on equity to 31%; however, security analysts and investors generally are not aware of management's optimism in this regard.5. Betas, as reported by security analysts, range from 1.3 to 1.7; the T-bond rate is 10%; and RPM is estimated by various brokerage houses to be in the range from 4.5% to 5.5%. Some brokerage house analysts reports forecast dividend growth rates in the range of 10% to 15% over the foreseeable future.6. TII's financial vice president recently polled some pension fund investment managers who hold TII's securities regarding what minimum rate of return on TII's common would make them willing to buy the common rather than TII bonds, given that the bonds yielded 12%. The responses suggested a risk premium over TII bonds of 4 to 6 percentage points.7. TII is in the 35% federal-plus-state tax bracket.8. TII's principal investment banker predicts a decline in interest rates, with rd falling to 10% and the T-bond rate to 6%, although the bank acknowledges that an increase in the expected inflation rate could lead to an increase rather than a decrease in interest rates.Assume that you were recently hired by TII as a financial analyst and that your boss, the treasurer, has asked you to estimate the company's WACC under the assumption that no new equity will be issued. Your cost of capital should be appropriate for use in evaluating projects that are in the same risk class as the assets TII now operates. Do not round intermediate steps. Round your answer to two decimal places.%NOTE:Wrong Answers:14.29% & 14.76% --> Please someone give me right answer, I am posting same question 4th time; please dont post spam.--> It's Problem 9-17 of mangerial finance course WACC Estimation problem; required to consider above table with given 8 assumption to get WACC value; it will be only one answer liike 15.12%; 17.32%.....
Which of the following industries are classified as secondary industries (three correct answers): a. power utilities b. transportation c. beverages d. publishing e. fishing f. mining g. financial services
The basic promotion objectives and adoption process fit very neatly with an action-oriented model, which is called theA) bricks and clicks model.B) bait and hook model.C) AIDA model.D) DAGMAR model.E) economic buyer model.
Depreciation by Three Methods; Partial YearsPerdue Company purchased equipment on April 1 for $43,470. The equipment was expected to have a useful life of three years, or 6,480 operating hours, and a residual value of $1,350. The equipment was used for 1,200 hours during Year 1, 2,300 hours in Year 2, 1,900 hours in Year 3, and 1,080 hours in Year 4.Required:Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) units-of-output method, and (c) the double-declining-balance method.Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.
The adjusted trial balance of Ryan Financial Planners appears below.RYAN FINANCIAL PLANNERSAdjusted Trial BalanceDecember 31, 2014 Debit Credit Cash $2,660 Accounts Receivable 2,140 Supplies 1,850 Equipment 15,900 Accumulated Depreciation-Equipment $ 3,975 Accounts Payable 3,310 Unearned Service Revenue 3,205 Common Stock 10,000 Retained Earnings 4,510 Dividends 1,000 Service Revenue 4,300 Supplies Expense 410 Depreciation Expense 2,420 Rent Expense 2,920 $29,300 $29,300 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:1. An income statement.2. A balance sheet.3. A retained earnings statement.

A principle under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable person, rather than by the party's own secret, subjective intentions is called:_________

Answers

Answer:

Objective Theory

Explanation:

The Objective theory states that the intent to form a contract will be judged by outward objective facts such as the words and actions of the party instead of the secret, subjective intentions. This theory replaced the Subjective theory in the late nineteenth century. The former theory was of the opinion that the meeting of minds, which translates to the unexpressed intentions of the party would form a basis for interpreting the intent to form a contract.

The objective theory is important as it advocates freedom to a fair hearing, freedom of contract, and personal independence or sovereignty.

2. Jamie Lee and Ross are estimating that they will be putting $40,000 from their savings account toward a down payment on their home purchase. Using the traditional financial guideline suggestion of "two and a half times your salary plus your down payment," calculate approximately how much Jamie Lee and Ross can spend on a house.3. Using Your Personal Financial Plan Sheet 24, calculate the affordable mortgage amount that would be suggested by a lending institution and based on Jamie Lee and Ross’ income.
How does this amount compare with the traditional financial guideline found in Question #2?
Use the following amounts for Jamie Lee and Ross’ calculations:
• 10% down payment
• 28% for TIPI
• $500.00 per month for estimated combined property taxes and insurance
• 5% interest rate for 30 years

4. Jamie Lee and Ross found a brand new three-bedroom, 2 ½ bath home in a quiet neighborhood for sale. The listing price is $275,000. They would like to place a bid of $260,000 on the home. The seller’s counteroffer was $273,000. What should Jamie Lee and Ross do next to demonstrate to the owner that they are serious buyers?

5. Jamie Lee and Ross received a signed contract from the buyer accepting their $273,000 offer! The seller also agreed to pay two points toward Jamie Lee and Ross’ mortgage. Calculate the benefit of having points paid toward the mortgage if Jamie Lee and Ross are putting a $40,000 down payment on the home.

6.Calculate Jamie Lee and Ross’ mortgage payment, using the 5 percent rate for 30 years on the mortgage balance of $233,000.

Answers

Answer:

Explanation:

2. Down payment is $40,000 Two and half times means 5/2 i.e. 5/2*$40,000 = $100,000...

5. One mortgage point costs 1% of the mortgage loan amount.

If Jamie Lee and Ross are putting a $40,000 down payment on a home with an accepted purchase price of $273,000, then the mortgage loan will be for $233,000.

$273,000 - $40,000 = $233,000.

Two points paid toward the mortgage will be a cost of $4,660 to the seller.

$233,000 x 0.02 = $4,660.

Typically, purchasing points means that a sum of money has been paid to the lender at closing to reduce the financing cost of the loan. The benefit of purchasing points is that it will secure a lower interest rate for the home buyers. In this sense, points are not put towards the mortgage loan itself, but are used to decrease overall expense to the home buyer over the term of a mortgage. A lower interest rate over the term of a mortgage can account for tens of thousands of dollars of saved interest.

If in this case the seller is simply giving money to the home buyers to put against the mortgage, then $4,660 will reduce the total loan amount to $228,340.

Although this question is somewhat ambiguously worded, it is more likely that the points are being purchased to secure a lower interest rate. While this doesn't represent an immediate windfall to the home buyers and does not decrease the mortgage loan amount, it would provide the greatest overall advantage to the home buyers.

I can't do 3,4,6 I'm very sorry about this man. I did my best but they come out wrong and I don't want to misguide you or mislead you in any way....

Very sorry!

For the following:

2. Jamie Lee and Ross can afford to spend approximately $250,000 on a house.
3. The affordable mortgage amount for Jamie Lee and Ross is $233,000.
4. Jamie Lee and Ross should make a written offer to the seller, stating their willingness to pay $260,000 for the home and including a deposit of $1,000.
5. The benefit of having points paid toward the mortgage is that it will lower the interest rate on the loan by 0.25%.
6. Jamie Lee and Ross's monthly mortgage payment will be $1,378.

How to solve for the financial details?

2. For Jamie Lee and Ross's combined income. Using the traditional financial guideline, they can afford:

Two and a half times Jamie Lee and Ross's salary is $2.5 × $100,000 = $250,000.

Jamie Lee and Ross's down payment is $40,000.

So, the maximum amount they can afford to spend on a house is $250,000 + $40,000 = $290,000.

3. Using Your Personal Financial Plan Sheet 24, the affordable mortgage amount for Jamie Lee and Ross is:

Monthly debt-to-income ratio (DTI): 28%

Monthly mortgage payment: $1,800

Monthly property taxes and insurance: $500

Down payment: 10%

Loan amount: $233,000

The DTI is calculated by dividing the monthly mortgage payment, property taxes, and insurance by the monthly income. In this case, the DTI is 28%, which is the maximum DTI that most lenders will allow.

The monthly mortgage payment is calculated by multiplying the loan amount by the interest rate and the number of years. In this case, the monthly mortgage payment is $1,800.

The property taxes and insurance are estimated to be $500 per month.

The down payment is 10% of the purchase price, or $23,300.

The loan amount is the purchase price minus the down payment, or $275,000 - $23,300 = $233,000.

4. Jamie Lee and Ross should make a written offer to the seller, stating their willingness to pay $260,000 for the home. They should also include a deposit of $1,000 to show that they are serious buyers.

5. The benefit of having points paid toward the mortgage is that it will lower the interest rate on the loan. Two points on a $233,000 loan is equal to $4,660. This means that Jamie Lee and Ross's interest rate will be 0.25% lower, which will save them money on their monthly mortgage payments.

6. For Jamie Lee and Ross's monthly mortgage payment:

Principal: $233,000

Interest rate: 5%

Number of years: 30

Monthly payment: $1,378

The principal is the amount of money that Jamie Lee and Ross are borrowing from the lender. The interest rate is the percentage of the principal that the lender charges in interest each year. The number of years is the length of the loan. The monthly payment is the amount of money that Jamie Lee and Ross will pay to the lender each month.

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Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock?

Answers

Answer:

Originally pay for the stock = $8

Explanation:

Given:

Total return = 62.5%

Value of stock (after 1 year) = $12

Dividend during the year = $1

Originally pay for the stock = ?

Computation:

$Total\ return = [(Dividend + (Value\ of\ stock\ after\ 1\ year - Purchase\ Value))/(Purchase\ Value) ]* 100$

$62.5 = [(1 + (12 - Purchase\ Value))/(Purchase\ Value) ]* 100\n\n0.625 Purchase\ Value = 1 + 12 - Purchase\ Value\n\n1.625 Purchase\ Value = 13\n\nPurchase\ Value = 8$

Originally pay for the stock = $8

Garfun, Inc., owns all of the stock of Simon, Inc. For 2014, Garfun reports income (exclusive of any investment income) of $480,000. Garfun has 80,000 shares of common stock outstanding. It also has 5,000 shares of preferred stock outstanding that pay a dividend of $15,000 per year. Simon reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. Simon also has a liability for 10,000 of $100 bonds that pay annual interest of $8 per bond. Each of these bonds can be converted into three shares of common stock. Garfun owns none of these bonds. Assume a tax rate of 30 percent.What amount should Garfun report as diluted earnings per share? (Round your intermediate percentage value to the nearest whole number and the final answer to 2 decimal places.)

Answers

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Final answer:

The diluted earnings per share for Garfun, Inc. considering the income and preferred dividends, the income from Simon, Inc. given the tax rate, and the potentially diluted convertible bonds from Simon, Inc., it comes out to be $6.58.

Explanation:

Calculating diluted earnings per share (EPS) involves accounting for any securities or methods that could potentially dilute the EPS, such cy as convertible bonds. In this scenario for Garfun, Inc., first, we need to address Garfun's net income (exclusive of investment income). This is given as $480,000. However, they pay preferred dividends of $15,000, which are subtracted from net income when calculating EPS, so we’ll use $465,000 as the income available to common stockholders.

Moving on to Simon, Inc., as Garfun owns all of the stock of Simon, the earnings of Simon will fully contribute to the diluted earnings of Garfun. Taking the reported net income of Simon ($290,000) and adjusting for the 30% tax rate, we get $203,000.

Furthermore, the potentially dilutive securities are the convertible bonds from Simon, Inc. These bonds can be converted into 30,000 shares of common stock ($100 bonds * 3). The interest paid for these convertible bonds, $80,000, is added back to the net income after being adjusted for the tax rate of 30% which is $56,000.

The total of earnings available for common stockholders for the diluted EPS calculation is, therefore $724,000 ($465,000 of Garfun’s net income + $203,000 of Simon’s net income + $56,000 interest on Simon’s bonds adjusted for tax). We also need to account for all the common stocks where earnings will be distributed. This amounts to 110,000 shares (80,000 of Garfun’s shares + 30,000 shares of Simon’s bonds). Hence, the diluted EPS is $6.58 ($724,000 / 110,000).

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Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 35,900 machine-hours. The estimated variable manufacturing overhead was $4.80 per machine-hour and the estimated total fixed manufacturing overhead was $945,606. The predetermined overhead rate for the recently completed year was closest to:

Answers

Answer:

Predetermined manufacturing overhead rate= $31.14 per machine-hour

Explanation:

Giving the following information:

Estimated machine-hour= 35,900 machine-hours

Estimated variable overhead= $4.80 per machine-hour

Total fixed manufacturing overhead was $945,606.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (945,606/35,900) + 4.8

Predetermined manufacturing overhead rate= $31.14 per machine-hour

Suppose Compco Systems pays no dividends but spent $ 5.18 billion on share repurchases last year. If Compco's equity cost of capital is 11.5 %, and if the amount spent on repurchases is expected to grow by 7.9 % per year, estimate Compco's market capitalization. If Compco has 5.8 billion shares outstanding, to what stock price does this correspond? Compco's market capitalization will be $ nothing billion. (Round to two decimal places.) Compco's stock price will be $ nothing. (Round to the nearest cent.)