A bicycle store desires a minimum 20 percent markup for all popular bicycle models. If a retailer feels that a popular bicycle model should retail at $200, what is the maximum price the retailer can pay for the bicycle model?

Which of the following is an incorrect statement regarding trademarks?

A) There has been substantial litigation over precisely what features can and cannot serve as a trademark. B) Phrases cannot be trademarked. C) A sound has been found to constitute a trademark. D) A scent has been found to constitute a trademark.

You have just put $5,000 into an investment that offers a 10% annual yield, with interest compounded annually. Your total interest earned after two years will be

A) $550. B) $1,000. C) $1,050. D) $1,100.