Horton worked for the Wing Nut Company for two years. During working hours Horton used Wing Nut Company’s equipment to develop an idea that Horton had been thinking about for five years. Finally, Horton invented a better wing nut. Wing Nut Company laid claim to the invention on the grounds that the company’s equipment had been used, on and the invention was made during company time. Horton obtained a patent on the invention and claimed that his employer had no rights to the invention at all. Who is right and why? How could the argument have been prevented in the first place?

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?