Alma Home Products designs, manufactures and sells home clea…
Questions
Almа Hоme Prоducts designs, mаnufаctures and sells hоme cleaning products. Alma creates trademarks to enhance the marketing of its products and many of the trademarks are illustrations that are intended to create familiarity with their products. Alma began marketing a new line of garbage bags called “Fresh-scent” and it put a symbol on each garbage bag and on the box in which it sells the garbage bags that was identical to the “f” symbol used by Facebook (the well-known social media site and app actually owned by Meta). The symbol (which is a registered trademark of Facebook) is familiar to all of us: Facebook has sued Alma alleging trademark infringement under the Trademark Dilution Revision Act which modified the Lanham Act. Alma believes it has done nothing wrong because it and Facebook conduct business in completely different markets – home cleaning products versus social media – so there can’t be any confusion in the marketplace. Which of the following answers is correct?
The LаGrаnge Cоrpоrаtiоn had the following budgeted sales for the first half of the current year: Problem Info Cash Sales Credit Sales January $ 70,000 $ 340,000 February $ 50,000 $ 190,000 March $ 40,000 $ 135,000 April $ 35,000 $ 120,000 May $ 45,000 $ 160,000 June $ 40,000 $ 140,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales: 60% in month of sale 30% in month following sale 10% in second month following sale The accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents uncollected December sales and $20,000 represents uncollected November sales. The total cash collected during January by LaGrange Corporation would be: