Answer:
The correct answer is letter "D": are damages in excess of the plaintiff's injuries, awarded to punish the defendant.
Explanation:
Punitive Damages are penalties passed to the defendant of court cases on top of compensations they must pay to plaintiffs because of the faults they committed. The punitive damage is not provided to the plaintiffs but is imposed to punish defendants when their faults are negligent and should not be repeated.
Thus, <em>punish damages are imposed in an attempt to avoid other individuals to commit the same gross faults.</em>
Answer:
Ans. The value of investment after 2 years is $3,155.51
Explanation:
Hi, first we need toconvert that 9.80 percent, compounded quarterly into an effective quarterly rate, that is just by dividing by 4, since there are 4 quarters in a year, that is:
r(effective quarterly)= 9.8%/4 =2.45%
Now, since the rate is effective quarterly, the periods (time of the invesmet) has to be in quarters, so we multiply 2 years by 4 and we get 8 quarters.
With all the above information, we can go ahead and use the following formula in order to find the future value of this investment.

It should all look like this.

So, the future value of this investment is $3,155.51
Best of luck.
Answer:
Cheap Florida Auto Insurance. Low Rates from $53.99 / Month!
Explanation:
Answer:
$176 million
Explanation:
The calculation of net cash inflows from financing activities is shown below:-
Net cash inflows from financing activities
Proceeds from issuance of preferred stock $254 million
Proceeds from issuance of subordinated bonds $292 million
Less: Cash dividends paid on preferred stock (86) million
Less: Cash paid to retire note ($112) million
Less: Common shares acquired for treasury (172) million
Net cash inflows from financing activities $176 million
The positive sign represents the cash inflow and the negative sign represents the cash outflow
Answer:
income summary 550 debit
retained earnings 550 credit
--to close income sumary against RE--
Explanation:
To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.
Income Summary
<u> Debit Credit </u>
2,450
<u> 3,000 </u>
Balance 550
We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.