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sertanlavr [38]
3 years ago
5

Under what circumstances would a defendant be wise to settle out of court?

Business
2 answers:
Varvara68 [4.7K]3 years ago
8 0
It can provide advantages litagating a case
Ipatiy [6.2K]3 years ago
4 0
Is this a multiple choice question?...
You might be interested in
Described below are certain transactions of Pina Corporation. The company uses the periodic inventory system. 1. On February 2,
nadya68 [22]

Answer:

Question: From the details given, make all the journal entries necessary to record the transactions above using appropriate dates.

                                  Pina Corporation

                                   Journal Entries

Date                          Details                                    Debit               Credit

                                                                                    $                       $

February 2              Purchases                               62,034

                               Accounts Payable                                            62,034

Being credit purchase of goods at discount of 2%

February 26           Accounts Payable                   62,034

                               Purchase - Discount                  1,266

                               Cash                                                                 63,300  

Being payment made for goods purchased

April 1                      Vehicle                                      52,000

                                Cash                                                                   3,000

                                10% 1-year Note payable                                49,000

Being purchase of vehicle by part cash, part note-payable

May 1                       Cash                                            82,900

                                Note Payable - Discount             9,600

                                1-year Note payable                                         92,500

Being borrowing from bank

August 1                   Dividend                                     280,000

                                 Dividend Payable                                            280,000

Being dividend declared, not yet paid

September 10           Dividend Payable                      280,000

                                  Cash                                                                280,000

Being cash payment of dividend

Explanation:

a) 2/10, n/30 means that the buyer is to pay within 30 days but is entitled to 2% discount if the purchase is paid for in 10 days. Since Pina records at net amounts after cash discount

To record this purchase = 63,300 * 0.02 = 1,266

                                        = 63,300 - 1266 = $62,034

b) Since payment was made on 26th, it means the 10 day discount was not utilized hence Pina pays full price for the goods

3 0
3 years ago
g The current ratio is a.a solvency measure that indicates the margin of safety for bondholders. b.used to evaluate a company's
adoni [48]

Answer:

b.used to evaluate a company's liquidity and short-term debt paying ability.

Explanation:

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables.

The current ratio is sometimes referred to as the “working capital” ratio and helps investors understand more about a company’s ability to cover its short-term debt with its current assets.

A company with a current ratio less than one does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a current ratio greater than one indicates the company has the financial resources to remain solvent in the short-term.

3 0
3 years ago
A pizza deliverer who is in an accident while en route to deliver a pizza for a restaurant has: a. no liability for the accident
sleet_krkn [62]

Answer:

B is the answer

Explaination step by step:

6 0
3 years ago
All of the following are alternative forms of institutional advertisements EXCEPT:
forsale [732]

Answer: B. Public Service

Explanation:

There are 4 alternative forms of institutional advertisements being;

  1. Competitive - These types of adverts aim to show that the product presented is better than that of the competitor by showcasing its benefits and features.
  2. Reminder - As the term implies, this advertisement is meant to remind you. Remind you of the product being offered and how it has been beneficial to you.
  3. Pioneering - This is for products that are just starting out and need to be introduced to inform the market of its existence.
  4. Advocacy - These focus on telling the audience the position a company has on an issue.

These are the four alternative forms of institutional advertisements and Public Service is not one of them.

4 0
3 years ago
us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The
BartSMP [9]

Answer:

the  future value in two years is $110.25

Explanation:

The computation of the future value in two years is shown below:

As we know that

Future value = Present value × (1 +  rate of interest)^number of years

= $100  × (1  + .05)^2

= $100 ×  (1.1025)

= $110.25

Hence, the  future value in two years is $110.25

The same should be considered and relevant

5 0
2 years ago
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