# Marcos launched a small business by inventing, patenting and commercializing a new hand tool. Big Co. has produced a cheaper knock-off version of the tool and is violating Marcos' patent. Litigating a patent will cost at minimum several hundreds of thousands of dollars, which Marcos cannot afford. In this situation, Marcos cana. a. Hire a litigator from a large law firm who will assemble a large and highly qualified team and charge hourly feesb. b. Hire a litigator from a small law firm who will charge hourly feesc. c. Hire a litigator who will agree to a contingent fee structure and require payment only if Marcos obtains a settlement or jury verdictd. d. Save the cost of hiring a lawyer by representing himself in court

C) Hire a litigator who will agree to a contingent fee structure and require payment only if Marcos obtains a settlement or jury verdict.

Explanation:

Generally when lawyers agree to a contingent fee structure is because they are convinced their chances of winning are high. Lawyers will accept a fixed percentage of the amount recovered, usually this percentage is around 1/3 of the final settlement.

This type of agreement is very useful since you don't need to invest a lot of money, and the lawyer's pay comes from the money awarded by the jury (or a settlement).

## Related Questions

Bill lends Joann​ \$1,000 for a year at a nominal interest rate of 6​%. If both Bill and Joann expect the inflation rate to be 3​% next​ year, then the real rate of interest is

The real interest rate is 3% on the amount of the loan of \$1,000 being lent by Bill to Joann.

What is a loan?

A loan is an amount lent by the lending party to the borrowing party who is in need of funds at a specified rate of interest.

Given values:

Amount of loan: \$1,000

Nominal interest rate: 6%

Inflation rate: 3%

Computation of real rate of interest:

Therefore, the rate of real interest on the amount of the loan is 3%.

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Sheridan Company reported net income of \$178,690 for 2022. Sheridan Company also reported depreciation expense of \$32,350 and a loss of \$4,690 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of \$14,240 for the year, a \$15,590 increase in accounts payable, and a \$4,050 increase in prepaid expenses.

\$213,030

Explanation:

The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below: -

Cash flow from Operating activities

Net income reported  \$178,690

Add: Loss on the disposal of plant assets \$4,690

Less: Increase in accounts receivable -\$14,240

Add: Increase in accounts payable \$15,590

Less: Increase in prepaid expenses -\$4,050

Net Cash provided by operating activities \$213,030

Cash flow from Operating activities

Net income reported  \$178,690

Adjustments to reconcile net income to:

Net Cash Provided by Operating Activities

Add: Loss on the disposal of plant assets \$4,690

Less: Increase in accounts receivable -\$14,240

Add: Increase in accounts payable \$15,590

Less: Increase in prepaid expenses -\$4,050

Net Cash provided by operating activities \$213,030

Which career is most likely to earn the highest salary dentist ,hair dresser, news anchor, or flight attendant

The career most likely to earn the highest salary is flight attendant

According to the law of​ demand, as prices​ rise, ceteris paribus A. quantity demanded decreases. B. quantity demanded increases. C. demand increases. D. demand decreases.

A) quantity demanded decreases.

Explanation:

The law of demand states that as the price of a good or service increases, the quantity demanded (not the demand) of the good or service will decrease. This happens because less consumers are willing to purchase the goods or services and since the supply doesn't change, overstocking will result, which will decrease the equilibrium price.

*The demand of a good or service is shown by the demand curve, but the points in the curve represent the quantity demanded.

A. Decreases

Explanation:

decreases.

increases.

stays the same.

disappears.

When a service organization provides services that affect the initiation, execution, processing, or reporting of a user company's transactions, those services are:?

Those services are considered to be part of the user company's information system.
The information system obviously provides relevant information about something - given that here services are given which may have an effect on the initiation, execution, processing, or reporting of a user company's transactions, they do belong to the information system of that company.

Marvin is an employee of Wild Thing Farms. Marvin finds out that the head of Wild Thing Farms is illegally importing endangered animals to sell as pets. If Marvin reports his employer’s illegal activities he will probably be protected fro retaliatory discharge by______________. A. No statutes
B. Whistleblower statutes
C. Unemployment statutes
D. Worker compensation statutes

B. Whistleblower statutes

Explanation:

A  whistleblower is any person who discovers activities that could be inappropriate, illegal, or unethical and reports them to the authorities.  A whistleblower exposes ill-doings to the relevant authorities or the media.  The perpetrators of the wrongdoings always want their acts to remain a secret. They intimidate and threaten anyone who dares to expose them.

The whistleblower statutes were enacted to protect any person who exposes misconduct from any harm. The law safeguards them from any form of retaliatory action. Workers who report their superiors have the jobs protected by the law. Their superiors cannot threaten or reprimand them for their actions.

Many companies are moving from a(n) ________, in which workers do only a few tasks at a time to a ________, in which teams of workers combine to produce more complex units of the final product.

Explanation:

In an assembly-line layout workers do only a few task at a time. While at a modular layout teams work on more complex units as that's the final stage of production.

Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first​ quarter, Trull had a favorable cost variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this​ variance? A The actual number of direct labor hours was lower than the budgeted hours.B The actual variable overhead costs were higher than the budgeted costs.C The actual variable overhead costs were lower than the budgeted costs.D The actual number of direct labor hours was higher than the budgeted hours.

C. The actual variable overhead costs were lower than the budgeted costs.

Explanation:

Variable Overhead Cost variance =Budgeted cost - Actual Cost

where this value is positive, this is favorable, where this is negative it is unfavorable.

Actual cost = Actual hours X Actual rate per hour

Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour

Even if actual hours are lower than budgeted it will not lead to favorable overhead as actual rate per hour might be less.

Total variable overhead will only be favorable when net actual variable overhead cost is less than budgeted variable overhead costs.

C. The actual variable overhead costs were lower than the budgeted costs.

Which item is strictly a want?
a. Car
b. Food
c. Shelter
d. Water