EBK THE LEGAL ENVIRONMENT OF BUSINESS:
10th Edition
ISBN: 9781337516051
Author: Miller
Publisher: YUZU
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Chapter 8, Problem 7BCP
Summary Introduction
Case summary: A person RK, an employee of the USDA, gave another person JL two unreleased varieties of grapes. Such an act was unauthorized and the said varieties yielded no fecund fruit. Neither any grapes nor any plant material was sold to any other party. Though the plants were publicly visible, they were not labeled. Moreover, they couldn’t be identified by a simple viewing of the vines.
To e xplain:The applicability of USDA for patents on those two varieties of grapes.
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- Waka Company had cash sales of $78,275, credit sales of $97,450, sales returns and allowances of $1,500, and sales discounts of $4,875. Calculate Waka's net sales for this period.arrow_forwardTutor help mearrow_forwardAssume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Particulars Per unit per year Selling price $240 Direct materials $85 Direct labor $57 Variable manufacturing overhead $10 Sales commission $11 Fixed manufacturing overhead ? Fixed selling and administrative expense $250,000 If the company's unit product cost under absorption costing is $197, then what is the amount of fixed manufacturing overhead per year?arrow_forward
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