What are the best arguments for awarding a "property right" specifically a patent, to the discoverer of any new and useful idea? Please state clearly atleast one objection to allowing ideas to be privately owned. And also is there an alternative government policy to encourage innovation that avoids the stated problem? Which is superior, from a law and economics perspective - the patent/property right solution or your alternative?
Please explain in detail.
In: Economics
Can you think of an example of a successful a) first mover, b) early follower, and c) late entrant? Can you think of unsuccessful examples of each? Dont copy paste from the websites.
Please answer in more than 350 words and only in word format no images.
Please answer all the questions asked. Explain the examples.
Subject: Management of Technological Innovation
Thanks
In: Operations Management
Create a balanced scorecard for Tesla for 4 key areas :
1.Financial Strength – Profitability and Risk.
2. Customer Satisfaction – Value Creation and Product/Service Differentiation Over Competition.
3. Internal Business Processes Effectiveness – Internal and External Activities That Create Satisfaction For All Stakeholders.
4.Ongoing Innovation Focus – Continual Product/Service Improvement As Well As Continual Value Creation.
In: Operations Management
In: Economics
Explain in detail how operating in equilibrium prevented a company from successfully implementing business transformation there by causing its demise. and also explain the below listed 3 types of state equilibrium in detail separately in terms organization change and development.
the state equilibrium sometimes results in
In: Operations Management
In: Operations Management
On July 31, 2020, Ivanhoe Company paid $2,750,000 to acquire all of the common stock of Conchita Incorporated, which became a division (a reporting unit) of Ivanhoe. Conchita reported the following balance sheet at the time of the acquisition.
|
Current assets |
$830,000 |
Current liabilities |
$550,000 |
|||
|---|---|---|---|---|---|---|
|
Noncurrent assets |
2,450,000 |
Long-term liabilities |
450,000 |
|||
|
Total assets |
$3,280,000 |
Stockholders’ equity |
2,280,000 |
|||
|
Total liabilities and stockholders’ equity |
$3,280,000 |
It was determined at the date of the purchase that the fair value
of the identifiable net assets of Conchita was $2,425,000. Over the
next 6 months of operations, the newly purchased division
experienced operating losses. In addition, it now appears that it
will generate substantial losses for the foreseeable future. At
December 31, 2020, Conchita reports the following balance sheet
information.
| Current assets |
$400,000 |
||
| Noncurrent assets (including goodwill recognized in purchase) |
2,160,000 |
||
| Current liabilities |
(600,000 |
) |
|
| Long-term liabilities |
(400,000 |
) |
|
| Net assets |
$1,560,000 |
Finally, it is determined that the fair value of the Conchita
Division is $1,850,000.
(1) Compute the amount of goodwill recognized, if any, on July 31, 2020. (If answer is zero, do not leave answer field blank. Enter 0 for the amount.)
(2)Determine the impairment loss, if any, to be recorded on December 31, 2020. (If answer is zero, do not leave answer field blank. Enter 0 for the amount.)
(3)Assume that fair value of the Conchita Division is $1,490,000 instead of $1,850,000. Determine the impairment loss, if any, to be recorded on December 31, 2020. (If answer is zero, do not leave answer field blank. Enter 0 for the amount.)
(4)Prepare the journal entry to record the impairment loss, if any, and indicate where the loss would be reported in the income statement. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
|
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|
|
enter an account title |
enter a debit amount |
enter a credit amount |
|
enter an account title |
enter a debit amount |
enter a credit amount |
| This loss will be reported in income as a separate line item before the subtotal |
In: Accounting
Question 4
| Your answer is partially correct. Try again. | |
The condensed financial statements of Wildhorse Co. for the years 2019 and 2020 are presented below.
|
WILDHORSE CO. |
||||
|
2020 |
2019 |
|||
| Current assets | ||||
| Cash and cash equivalents |
$330 |
$360 |
||
| Accounts receivable (net) |
550 |
480 |
||
| Inventory |
660 |
590 |
||
| Prepaid expenses |
130 |
160 |
||
| Total current assets |
1,670 |
1,590 |
||
| Property, plant, and equipment (net) |
410 |
380 |
||
| Investments |
90 |
90 |
||
| Intangibles and other assets |
530 |
510 |
||
| Total assets |
$2,700 |
$2,570 |
||
| Current liabilities |
$900 |
$870 |
||
| Long-term liabilities |
680 |
580 |
||
| Stockholders’ equity—common |
1,120 |
1,120 |
||
| Total liabilities and stockholders’ equity |
$2,700 |
$2,570 |
||
|
WILDHORSE CO. |
||||
|
2020 |
2019 |
|||
| Sales revenue |
$4,000 |
$3,660 |
||
| Costs and expenses | ||||
| Cost of goods sold |
1,050 |
970 |
||
| Selling & administrative expenses |
2,400 |
2,330 |
||
| Interest expense |
10 |
20 |
||
| Total costs and expenses |
3,460 |
3,320 |
||
| Income before income taxes |
540 |
340 |
||
| Income tax expense |
216 |
136 |
||
| Net income |
$ 324 |
$ 204 |
||
Compute the following ratios for 2020 and 2019. (Round
current ratio and inventory turnover to 2 decimal places, e.g 1.83
and all other answers to 1 decimal place, e.g. 1.8 or
12.6%.)
| (a) | Current ratio. | |
| (b) | Inventory turnover. (Inventory on December 31, 2018, was $350.) | |
| (c) | Profit margin. | |
| (d) | Return on assets. (Assets on December 31, 2018, were $2,780.) | |
| (e) | Return on common stockholders’ equity. (Equity on December 31, 2018, was $980.) | |
| (f) | Debt to assets ratio. | |
| (g) | Times interest earned. |
|
2020 |
2019 |
|||||
| (a) Current ratio. | :1 | :1 | ||||
| (b) Inventory turnover. | ||||||
| (c) Profit margin. | % | % | ||||
| (d) Return on assets. | % | % | ||||
| (e) Return on common stockholders’ equity. | % | % | ||||
| (f) Debt to assets ratio. | % | % | ||||
| (g) Times interest earned. | times | times | ||||
In: Accounting
The condensed financial statements of Murawski Company for the
years 2019 and 2020 are presented follows. (Amounts in
thousands.)
|
MURAWSKI COMPANY |
||||||
|
2020 |
2019 |
|||||
| Current assets | ||||||
| Cash and cash equivalents | $ 346 | $ 370 | ||||
| Accounts receivable (net) | 406 | 442 | ||||
| Inventory | 392 | 470 | ||||
| Prepaid expenses | 150 | 146 | ||||
| Total current assets | 1,294 | 1,428 | ||||
| Investments | 12 | 12 | ||||
| Property, plant, and equipment | 390 | 418 | ||||
| Intangibles and other assets | 502 | 528 | ||||
| Total assets | $2,198 | $2,386 | ||||
| Current liabilities | $ 770 | $ 900 | ||||
| Long-term liabilities | 360 | 416 | ||||
| Stockholders’ equity—common | 1,068 | 1,070 | ||||
| Total liabilities and stockholders’ equity | $2,198 | $2,386 | ||||
|
MURAWSKI COMPANY |
||||||
|
2020 |
2019 |
|||||
| Sales revenue | $3,970 | $3,800 | ||||
| Costs and expenses | ||||||
| Cost of goods sold | 888 | 976 | ||||
| Selling & administrative expenses | 2,350 | 2,414 | ||||
| Interest expense | 24 | 18 | ||||
| Total costs and expenses | 3,262 | 3,408 | ||||
| Income before income taxes | 708 | 392 | ||||
| Income tax expense | 178 | 89 | ||||
| Net income | $ 530 | $ 303 | ||||
Compute the following ratios for 2020 and 2019. (Round
current ratio and invertory turnover ratio to 2 decimal places,
e.g. 1.62 or 1.62% and all other answers to 1 decimal place, e.g.
1.6 or 1.6%.)
| (a) | Current ratio. | |
| (b) | Inventory turnover. (Inventory on 12/31/18 was $318.) | |
| (c) | Profit margin ratio. | |
| (d) | Return on assets. (Assets on 12/31/18 were $1,880.) | |
| (e) | Return on common stockholders’ equity. (Stockholders' equity on 12/31/18 was $880.) | |
| (f) | Debt to assets ratio. | |
| (g) | Times interest earned. |
|
2020 |
2019 |
|||||||
| (a) | Current ratio | :1 | :1 | |||||
| (b) | Inventory turnover | times | times | |||||
| (c) | Profit margin ratio | % | % | |||||
| (d) | Return on assets | % | % | |||||
| (e) | Return on common stockholders’ equity | % | % | |||||
| (f) | Debt to assets ratio | % | % | |||||
| (g) | Times interest earned | times | times | |||||
In: Accounting
|
Example Company Balance Sheet December 31, 2019 and 2020 |
Example Company Income Statment For Year Ended December 31, 2020 |
|||||
| 2019 | 2020 | 2020 | ||||
| Assets | Sales | 873,252 | ||||
| Current Assets | Cost of Goods Sold | 192,075 | ||||
| Cash | 976 | 233 | Gross Margin | 681,177 | ||
| Accounts Recievable | 890 | 278 | ||||
| Allowance for Doubtful Accounts | (155) | (40) | EXPENSES | |||
| Investment in Bonds | 1 | 171 | Bad Debt | 328 | ||
| Inventories | 285 | 540 | Depreciation | 66,337 | ||
| Prepaid expenses | 153 | 32 | Other | 608,253 | ||
| Interest Receivable | 930 | 216 | TOTAL EXPENSES | 674,918 | ||
| Total Current Assets | 3,080 | 1,430 | Operating Income | 6,259 | ||
| Interest INcome | 36 | |||||
| Property, Plant, and Equiptment | 48,598 | 311,456 | Interest Expense | (732) | ||
| Less Accumulated Depreciation | 21,282 | 37,664 | Capital gain (Loss) on disposal of PP&E | 643 | ||
| Property, Plant, and Equiptment, net | 27,316 | 273,792 | Net income before taxes | 6,206 | ||
| TOTAL ASSETS | 30,396 | 275,222 | Income Tax Expense | 1,405 | ||
| LIABILITIES | Net INcome | 4,801 | ||||
| Current Liabilities | ||||||
| Notes PAyable | 9,868 | 8,409 | ||||
| Accounts Payable | 321 | 828 | ||||
| Accured Liabilities | 19 | 406 | ||||
| Accured Interest | 213 | 732 | ||||
| Income Taxes Payble | 12 | 755 | ||||
| Current Portion of Long Term Debt | 171 | 397 | ||||
| Total Current Liabilites | 10,604 | 11,527 | ||||
| Long Term Liabilities | ||||||
| Long term debt, net of current protion | 2,052 | 250,525 | ||||
| TOTAL LIABILITIES | 12,656 | 262,052 | ||||
| STOCKHOLDERS EQUITY | ||||||
| Common Stock | 78 | 163 | ||||
| Additional Paid in Captial | 339 | 709 | ||||
| Retained Earnings | 17,323 | 12,298 | ||||
| Total Stockholders Equity | 17,740 | 13,170 | ||||
| Total Liabilities and Stockholders Equity | 30,396 | 275,222 | ||||
Proceeds from the sale of capital assets for 2020 are $16,000
A. Prepare the Cash Flow Statement
B. Prepare the Reconciliation of net income to net cash flow from operations balances to net cash flow from operations in the basic statement
C. calculate the purchases of fixed assets
In: Accounting