The state of Texas encourages the parties to resolve all conflicts and disputes through alternative dispute resolution procedures such as mediation.
Mediation is an act or process of mediating by helping to settle a dispute or create agreement when there is conflict between two or more people or groups. This conflict is usually settled when the parties meet with a mutually selected impartial and neutral person who assists them in the negotiation of their differences.
Texas in United States, encourages the parties who are yet to resolve all conflicts and disputes between them, by mediation. As mediation will help them in settling down their differences.
Hence, mediation is quite necessary in order to resolve all conflicts and disputes.
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It was under Graham v Connor case. Someone explained that the defense attorney made the jury think the officer tried to hide his use of force behind a smoke screen of clinical language and that he did so to minimize brutality. Also, law enforcement trainers use such jargon to make communication within the profession more concise and efficient. To make use of clinical-sounding terms, there are two reasons behind it 1. Is to make a precise description and 2. Different between trained and street fighting techniques.
Answer:
D. $193,750
Explanation:
Calculation for the wages and salaries in the flexible budget for July
FLEXIBLE BUDGET FOR JULY
Using this formula
Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up
Let plug in the formula
Flexible budget=$8,850+201*400+110*950
Flexible budget=$193,750
Therefore the wages and salaries in the flexible budget for July would be closest to $193,750
Answer:
b. discounting
Explanation:
Your sister has just been told that she will be given a $1,000 bonus next year. She is very eager to know its present value. So, she applies the <u>discounting</u><u> </u>process to estimate the present value of her gift.
Discounting: It is a mechanism used for determine the present value of money, which is going to be paid in future. As debtor use this mechanism to delay payment of creditor for a certain period of time in exchange of some fees or charge to be paid. As time value of money change and it does not remain same.
There are mainly three type of discounting:
- Trade discount
- Quantity discount.
- Cash discount.
Hence in the given case, she applies the discounting process to estimate present value of her gift.
Answer:
a. Freeman estimates that it is reasonably possible but not likely that it will lose a current lawsuit. Freeman's attorneys estimate the potential loss will be $4,500,000.
- Describe the situation in a note to the financial statements.
Since the event is possible but not likely, it should be disclosed in the footnotes of the financial statements.
b. Freeman received notice that it was being sued. Freeman considers this lawsuit to be frivolous.
Since this is a frivolous lawsuit, there is no need to disclose it.
c. Freeman is currently the defendant in a lawsuit. Freeman believes it is likely that it will lose the lawsuit and estimates the damages to be paid will be $75,000.
- Record an expense and a liability based on estimated amounts.
Since the negative outcome is probable and you were able to quantify your losses, you must record the expense for $75,000 and include the amount as a current liability.
