Copyright for the shoelace design

Assignment Help Financial Management
Reference no: EM131524853

One day during physics class, Donita, an enterprising fourteen-year-old student, began drawing designs on her shoelaces.  By the end of class, Donita had decorated her shoelaces with the name of the school, Drexel High School, written in blue and gold (the school colors) and with pictures of dragons, the school’s mascot.  After class, she showed the designs to her teacher, Mr. Langley.  When Donita got home that night, she wrote about the shoelaces in her diary, in which she also drew her shoelace design.

Mr. Langley had been trying to think of how he could build school spirit.  He thought about Donita’s shoelaces and decided to go into business for himself.  He called his business Spirited Shoelaces and designed shoelaces for each of the local schools, decorating the shoelaces in each case with the school’s name, mascot, and colors.  The business became tremendously profitable. Even though Donita never registered her design with the patent or copyright office, does she have intellectual property rights in the shoelace design? Will her diary be useful in proving that she created the design?  Decide whether or not Donita has a patent or copyright for the shoelace design.

Reference no: EM131524853

Questions Cloud

What will be the conventional payback period : What will be the conventional payback period (CPP)?
Non-receptive you would be to salesman sales pitch and why : Explain how receptive or non-receptive you would be to the salesman's "sales pitch" and why, given the circumstances involved.
What is financial statement analysis : What is financial statement analysis? Select one of the ratios as your topic for discussion.
Nuclear power plant-planning to replace current equipment : operator of a nuclear power plant, is planning to replace its current equipment with some that is more environmentally friendly.
Copyright for the shoelace design : Will her diary be useful in proving that she created the design? Decide whether or not Donita has patent or copyright for the shoelace design.
Compute each stock average return and standard deviation : Compute each stock's average return, standard deviation, and coefficient of variation.
Rate of interest that must be earned in order to reach goal : What is the minimum rate of interest that must be earned in order to reach this goal?
Find the payoff to option-find the average value of stock : For each random stock price find the payoff to the option. find the average value of the stock.
What is the maximum amount that you could borrow today : If the annual interest rate is 6% (compounded monthly), what is the maximum amount that you could borrow today?

Reviews

Write a Review

Financial Management Questions & Answers

  Determine the minimum size screen for each deck

Determine the minimum-size screen for each deck, expressed in square feet, required to handle the output of the crusher. If the screening unit is 4 ft wide, what will be the nominal screen sizes?

  Describe how dividend discount model values share of stock

What is meant by gearing. How does gearing affect the financial risk of a firm? How many visitors (people who are not local residents) attended the All-Star game? Describe how the dividend discount model (DDM) values a share of stock.

  What is the present value of the cash flow stream

You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into their systems and is offering to pay you $533,0..

  Corporation with very high growth prospects

A corporation with very high growth prospects and many positive NPV projects to fund may want to increase its dividend based on the: a. very low agency costs of the corporation b. information effect c. tax bias against capital gains d. residual divid..

  Withdraw from the retirement account

Hunter Boyd who just turned 32, expects to retire in 35 years when he turns 67. Mr. Boyd just passed Idaho’s Licensed Plumbers LP exam, allowing him to bid on plumbing projects having a total cost less than $25,000. Assuming that inflation is expecte..

  Calculate rate of return on equity for each firm

Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $12 million in invested capital, has $2.4 million of EBIT, and is in the 40% federal-plus-state tax bracket. Calculate the retu..

  What would be the marginal tax rate on the extra income

Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income. If Leonardo earned an additional $30,000 of taxable income this year, what..

  Using retained earnings marginal tax brackets increase

What cost of retained earnings is less than the cost of new common stock because dividends are not tax-deductible flotation cost are incurred when new stock is issued accounting rules allows a deduction when using retained earnings marginal tax brack..

  How much can average annual inventory be reduced

DPZ company has an inventory of $ 200,000 and an average annual cost of Goods sold of $ 720,000. The president of the company believes that the annual inventory turnover ration can be increased to 8.0 if that happens , by now how much can average ann..

  Debt-equity ratio what is its equity multiplier

Levine, Inc., has a total debt ratio of .43. What is its debt-equity ratio? Debt-equity ratio What is its equity multiplier?

  Establishing credit history

Establishing credit history. After graduating from college last spring, Alex malloy took a job as a consumer credit analyst at a local bank. From his work reviewing credit applications, he realizes that he should begin establishing his own credit his..

  What is the current value of company

Cavo Corporation expects an EBIT of $15,600 every year forever. The company currently has no debt, and its cost of equity is 10 percent. The corporate tax rate is 35 percent. a. What is the current value of the company? What will the value of the com..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd