Medi Corp is a corporation that deals in the manufacturing of medical devices. It has just received a patent from the U.S. Patent and Trademark Office for one of its surgical robotic knee devices. The patent is for the purpose of use in full knee replacement surgeries, which was stated on the patent’s application. For part of the manufacturing process, Medi Corp uses Tech Co. to assemble the computer components that run the robot. Tech Co. is a computer company that manufactures a lot of the computer components for several medical device companies in the U.S.
Medi Corp has been considering making a bid to acquire Tech Co. If Medi Corp acquires Tech Co., the transaction would likely be around $100 million dollars. Tech Co. is one of only three companies in the U.S. that manufactures and assembles these computer components for medical devices, and is the biggest of the three companies that offer these services, with the other two companies several million in revenue behind Tech Co. Moreover, Medi Corp. is considered a leader in medical device manufacturing in the U.S. Both companies are publicly traded companies.
Tech Co.’s board of directors are willing to approve of a merger with Medi Corp. Rebecca is on the board of directors for Tech Co. She tells her husband that he should consider purchasing Medi Corp stock. Rebecca does not tell her husband any of the confidential information of the potential merger with Medi Corp., but her husband does know that she is on the board of directors at Tech Co. and that Medi Corp is a company Tech Co. does business with. Bob is an employee of Tech Co. He has been courted by Comp Inc., one of the competitors of Tech Co.
Bob has decided to leave Tech Co. for a senior placement at Comp Inc. At Tech Co., Bob works on the manufacturing of these computer components for Medi Corp. At Comp Inc., he will be in more of a management position, determining which companies Comp Inc. should be doing business with, and managing those employees that are in the manufacturing facilities.
Please answer the following question and provide legal reasoning:
If Medi Corp learns that Comp Inc. is releasing a robotic surgical device for hip replacement surgery that has similar technology to its surgical robotic knee devices, does it have any recourse against Comp Inc. for patent infringement? Please fully explain your answer as to what it must prove for this complaint against Comp Inc., and any defenses Comp Inc. has against this claim. Also explain if there could be any recourse against Bob directly if Bob had originally signed a confidentiality agreement with Tech Co. when he worked for them.
{THIS IS ALL THE INFORMATION AVAILABLE. IF THIS IS A REPEATED QUESTION FROM LEGAL STUDIES, WHERE CAN I FIND IT?}
In: Psychology
Lopez acquired a building on June 1, 2014, for $1 million. Calculate Lopez’s cost recovery deduction for 2019 if the building is:
a. Classified as residential rental real estate.
b. Classified as nonresidential real estate.
In: Accounting
What amount of goodwill did Hershey recognize in the combination? Prepare a schedule that computes the goodwill recognized in the acquisition as the difference between the consideration transferred for Amplify and the fair values of the individually identified assets and liabilities acquired.
In: Accounting
Thoughts on Bankruptcy Law? Is it appropriate to have a legal mechanism in place whereby legally acquired debt is able to be eliminated through the legal process? What are the pros and cons of this concept from the standpoint of the creditor and the debtor?
In: Finance
How could Marie have acquired herpes? (Hint: there are multiple possibilities). 3. What can Marie do to cope with her current outbreak? 4. How might she discuss this situation with Christina?
In: Nursing
Explain whether the grounding of the Boeing 737 max aircraft would affect the financial statements of airlines, such as Southwest, United and American Airline, that have acquired Boeing 737 max aircraft.
https://youtu.be/-PKWTrR6Xs0
In: Accounting
In: Finance
The ledger of Crane Limited at October 31, 2021, contains the following summary data:
Cash dividends—common | $128,000 | |
Common shares | 653,000 | |
Depreciation expense | 100,000 | |
Service revenue | 1,474,000 | |
Operating expenses | 934,000 | |
Interest expense | 63,000 | |
Retained earnings, November 1, 2020 | 578,000 |
Your analysis reveals the following additional information:
1. | The company has a 25% income tax rate. | |
2. | On March 19, 2021, Crane discovered an error made in the previous fiscal year. A $64,000 payment of a note payable had been recorded as interest expense. | |
3. | On April 10, 2021, common shares costing $84,000 were reacquired for $108,000. This is the first time the company has reacquired common shares. |
Prepare a journal entry to correct the prior period error.
Prepare the journal entry to record the reacquisition of common shares
Calculate profit for the year ended October 31, 2021
Prepare the statement of retained earnings for the company for the year ended October 31, 2021.
In: Accounting
Refer again to the original data of Relax Company for the year ended on December 31, 2019:
Total $
Sales |
2,400,000 |
Less variable costs |
1,800,000 |
Contribution margin |
600,000 |
Less Fixed Costs |
250,000 |
Net Operating income |
350,000 |
During 2019, company’s selling price per unit and variable cost per unit has been $60 and $40 respectively.
Calculate:
a. A. Assume that in upcoming year of 2020, company management wants to earn a minimum profit of $150,000, how many units will have to be sold by the company to get this target profit?
b. B. Compute the company’s degree of operating leverage at the current sales level. What the answer means?
c. C.The management is considering using the high quality material for the product. This will increase the variable cost per unit by $5 but the use of high quality materials could increase the sales by 25% of the current sales volume. Prepare a proposed contribution format income statement for the year 2019 and would you suggest that changes be made?
In: Accounting
Beijing Manufacturing Company uses perpetual inventory method.Below are the purchases and issues (sent to production) of direct material inventory during April 2020.
Date |
Transaction |
Unit |
Unit Cost ($) |
April 1 |
Beginning Inventory |
60 |
10 |
April 5 |
Purchased |
150 |
16 |
April 8 |
Issued |
90 |
-- |
April 10 |
Purchased |
220 |
20 |
April 14 |
Issued |
250 |
-- |
April 15 |
Purchased |
150 |
22 |
April 20 |
Issued |
180 |
-- |
April 28 |
Purchased |
70 |
25 |
April 30 |
Issued |
100 |
-- |
A) Prepare two INVENTORY CARDs for April,
B) What are the “COST OF DIRECT MATERIAL USED” and the “COST OF ENDING INVENTORY” figures under the both methods?
PURCHASES |
ISSUED |
BALANCE |
||||||||
Date |
Transaction |
Unit |
Unit Cost |
Total Cost |
Unit |
Unit Cost |
Total Cost |
Unit |
Unit Cost |
Total Cost |
In: Accounting