Answer:
Answered
Explanation:
Craft Co may be able to recover Special damages. Special damages can be claimed when there is a breach of contact and special damages are financially compensate the injured person for losses suffered due to defendant's actions. Special damages are out of pocket damages that can be determined by adding together all the plaintiff's losses that can be quantified.
Answer:
True
Explanation:
In case of the public companies who are in control of the Securities and Exchange Commission have a requirement to hire an independent auditor we can say Chartered Accountant (CAs) who give their views upon the financial statements that are published whether they are in compliance of Generally Accepted Accounting Principles (GAAP).
Based on this, the independent auditor give the qualified or unqualified opinion
Therefore, the given statement is true
Answer:
The contribution controllable by a segment manager is $ 1,850
Explanation:
Segment Manager`s performance is evaluated on be bases of items directly controllable by them ( controllable contribution)
<u>Calculation of Controllable Contribution :</u>
Net Sales $5,250
<em>Less</em> Variable Costs :
Cost of merchandise sold (1,200)
Operating expenses (450)
Controllable Contribution 3,600
<em>Less</em> Controllable Costs:
Fixed Cost Controllable (600)
Unallocated costs (1,150)
Contribution Controllable -Segment Manager 1,850
Answer:
(a) Firms could possibly respond to unions demands for higher wages by hiring fewer workers.
(b) Firms could possibly respond to unions demands for higher wages by substituting capital for labor.
Explanation:
Unions are formed to work toward better working conditions and welfare of staff.
Workers act collectively to negotiate better terms of employment with the employers.
However when unions try to negotiate for increased pay the employer may take different actions that will bad for the employee.
The employer may decide to actually pay the higher wage but hire fewer workers. This is usually the case when higher wages for many employees will result in loss for the employer.
Secondly the employer may substitute capital for labour. For example investing more in use of machines and reducing labour.
From the employer's viewpoint this will result in lower labour cost due to higher wage payment
Two main characteristics of Public goods are that they are non-excludability and non-competitiveness. These characteristics make it difficult for market producers to sell their goods to the individual consumers. The Non-excludable means that it is expensive or impossible for users to exclude other users from using the product.
The US Border Patrol is a Public Good US Border Patrol is a public good because it is the non-competitive and non-exclusive. The Satellite TV is personal property. Equilibrium output is greater than efficient output when negative externalities exist in the market. Use the regulations that require firms to internalize external costs.
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