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Aneli [31]
4 years ago
10

Once the court has decided a case and the appeals process is over, there can be no new lawsuit on the same subject between the s

ame two parties. this is referred to as
Business
1 answer:
sukhopar [10]4 years ago
4 0
<span>This is referred to as "Res judicata".
</span>
Res judicata is a Latin expression which means "a thing decided". It is a precedent-based law principle intended to avert relitigation of cases between similar gatherings with respect to similar issues and save the coupling idea of the court's choice. Once a last judgment has been come to in a claim, consequent judges who are given a suit that is indistinguishable to or considerably the same as the prior one will apply the regulation of res judicata to maintain the impact of the primary judgment. 
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There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers
LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

4 0
3 years ago
Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every:
asambeis [7]

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every 70/2.3 = 30.43 years.

<h3>What is Gross Domestic Product (GDP)?</h3>

The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year).

GDP Growth Rate:

  • The GDP growth rate compares the most recent quarter or year to the preceding one and represents the percentage change in real GDP (GDP adjusted for inflation) from one period to the next.
  • A positive or negative number may be used (negative growth rate, indicating economic contraction).

GDP per capita:

  • By dividing nominal GDP by a nation's entire population, one can get GDP per capita.
  • It conveys the nation's average economic output (or income) per person.
  • The population figure corresponds to the year's median (or mid-year) population.

The price deflator, a statistical tool, is used to convert nominal GDP to constant prices.

To know more about Gross domestic product (GDP), here

brainly.com/question/1383956

#SPJ4

8 0
2 years ago
The following is the adjusted trial balance of Wilson Trucking Company.
Troyanec [42]

Answer:

<u>PART 1:</u> Wilson Trucking Company reported Net Income of $15,854  for the year ended December 31, 2017.

<u>PART 2:</u> As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

<u>PART 1</u>    

                                           Wilson Trucking Company

                     Income Statement for the year ended December 31, 2017

<u>Revenue </u>

Trucking Fees                                                         $115,500  

<u>Less Expenses:</u>  

Depreciation expense of Trucks                                  $(26,043)

Salaries expense                                                          $(54,170)

Office supplies expense                                          $(9,500)

Repairs expense -Trucks                                          $(9,933)

 

Net Income                                                                 $15,854  

 

<u>PART 2</u>  

                                        Wilson Trucking Company

     Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016  $193,270  

Add: Net Income for the year                                                          $15,854  

Less: K. Wilson withdrawals during the year                                  $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017  $190,124  

7 0
3 years ago
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,800
Luda [366]

Answer:

1.- The operating income would <u>increase </u>for $680

2.- The operating income would <u>decrease</u> for $680

3.- The Operating Income would be $59,500

Explanation:

We are going to use the contribution margin per unit

<u>This way we avoid most of the calculations</u>

1.- Contribution Margin x ΔUnits = ΔOperating Income

CM per units 17 x 40 = <em>680</em>

<em />

2.- Contribution Margin x ∨Units = ∨perating Income

CM per unit x (-40) = <em>-680</em>

<em />

3.- Contribution Margin x Sales Volume - Fixed Cost = Operating Income

17 x 6,800 - 55,700

115.600 - 55,700 =<em> 59,900</em>

4 0
3 years ago
On March 2, Kingbird, Inc. sold $954,000 of merchandise on account to Ayayai Company, terms 4/10, n/30. The cost of the merchand
shtirl [24]

Answer:

Following Journal Entries are recorded for Kingbird, Inc

Explanation:

<u>March 02</u>

Debit: Account Receivable = $954,000

Credit: Sale = $954,000

(Credit Sale is Recorded)

Debit: Cost of Good Sold = $590,000

Credit: Inventory = $590,000

(To Record Cost of merchandise Sold)

6 0
3 years ago
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