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WITCHER [35]
3 years ago
14

The single recovery principle requires a court to settle a matter once and for all by awarding a lump sum for past and future ex

penses.
a. True
b. False
Business
2 answers:
GrogVix [38]3 years ago
6 0

Answer: True

Explanation: Under the single recovery principle if the plaintiff, that is, the person bringing up the case to the court, proves that he or she is eligible for any recovery for a particular harm then that recovery should be made and settled in once and for all by getting a lump sum amount from the payer.

Under this rule the plaintiff can not claim reward for same injury from two different entities.

Cloud [144]3 years ago
5 0

True

<h2>Further Explanation </h2>

Single recovery rule could be a principle that a plaintiff is entitled to only 1 recovery for specific harm. If the jury has awarded quite one remedy the plaintiff should elect one remedy. It permitted defendants credit for amounts paid in settlement by other defendants to forestall a plaintiff's excess recovery. This rule one in every one of the foundations of a defendant's right to possess a jury verdict reduced by the number of any settlements the plaintiff has received from other entities for the identical injury.

Under the only recovery principle if the plaintiff, that is, the person remarking the case to the court, proves that he or she is eligible for any recovery for selected harm then that recovery should be made and settled in once and for all by getting a payment amount from the payer. Under this rule, the plaintiff can't claim the reward for the same injury from two different entities.

The single recovery principle is additionally referred to as the one-satisfaction rule. it's a rule that states that a plaintiff is just entitled to recover money just once for harm or injury. They can't initiate a second lawsuit over the identical incident.

Learn More

Single Recovery Principle  brainly.com/question/13013434

Lawsuit  brainly.com/question/12368973

Details

Grade: High School

Subject: Business

Keyword: principle, lawsuit, recovery

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Graphically illustrate (using the WS and PS relations) and explain the effects of an increase in the markup on the equilibrium r
lana66690 [7]

Answer:

When the markup increases, real wage decreases and because of the decrease or the now low real wage the demand for labor at a low cost decreases which leads to a increase in the natural rate of unemployment. In addition the natural rate of unemployment has an inverse relationship with the natural level of employment, therefore, the natural rate of employment will decrease. And the output level will decrease.

Explanation:

See attached picture:

The decrease in real wage is shown by the movement from W/P to W/P'.

The increase in the natural rate of unemployment is shown by the movement from Un to Un' and the new equilibrium is at B.  

4 0
3 years ago
Earned net income of $ 72,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000​
geniusboy [140]

Answer:

$87,000

Explanation:

The computation of the cash provided by operating activities​ (indirect method) is given below:

Cash flow from Operating activities

Net income $72,000

Add: Depreciation expense $4,000

Add: Current assets decreased $3,000

Add: Current liabilities increased $8,000

Net Cash flow provided by operating activities $87,000

3 0
3 years ago
Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
valentinak56 [21]

Answer:

a. What are the total equivalent units for direct materials?

152,400 units

b. What are the total equivalent units for conversion costs?

129,700 units

c. What is the cost per equivalent unit for direct materials?

Total Direct Materials Cost

 $495,300

Cost per equivalent unit =  Total Direct Materials Cost / total equivalent units for direct materials

$3.25

d. What is the cost per equivalent unit for conversion costs?

Total conversion costs

$324,250

Cost per equivalent unit =  Total conversion costs / total equivalent units for conversion

$2.50

e. What is the total cost of units completed and transferred out?

$615,250

f. What is the total cost of units remaining in ending WIP?

$204,300

Explanation:

a. What are the total equivalent units for direct materials?

Completed and Transferred (107,000 × 100%) = 107,000 units

Ending Work In Process (45,400 × 100%)         = 45,400 units

Total equivalent units                                         = 152,400 units

b. What are the total equivalent units for conversion costs?

Completed and Transferred (107,000 × 100%) = 107,000 units

Ending Work In Process (45,400 × 50%)           = 22,700 units

Total equivalent units                                         = 129,700 units

c. What is the cost per equivalent unit for direct materials?

Total Direct Materials Cost

Beginning Work In Process $53,200

Added                                   $442,100

Total Direct Materials          $495,300

Cost per equivalent unit =  Total Direct Materials Cost / total equivalent units for direct materials

                                         = $495,300/ 152,400 units

                                         = $3.25

d. What is the cost per equivalent unit for conversion costs?

Total conversion costs

Beginning Work In Process $19,600

Added                                   $304,650

Total conversion costs         $324,250

Cost per equivalent unit =  Total conversion costs / total equivalent units for conversion

                                          =$324,250/ 129,700 units

                                         = $2.50

e. What is the total cost of units completed and transferred out?

Raw Materials ( $3.25 × 107000) = $347,750

Conversion($2.50 × 107000) =       $267,500

Total                                                  $615,250

f. What is the total cost of units remaining in ending WIP?

Raw Materials ( $3.25 × 45,400) = $147,550

Conversion($2.50 × 22,700)       =  $56,750

Total                                                 $204,300

5 0
3 years ago
An advertisement that informs people what a company is, what it can do, and where it is located is referred to as a(n competitiv
STatiana [176]
A competitive institutional advertising is a marketing strategy wherein a company describes itself and where is it located. It is an effective means of advertising because it creates a good image and has its unique philosophy that causes significant attraction to the consumers. 
4 0
3 years ago
10 pts
Westkost [7]

Answer:

s

Explanation:

s

4 0
2 years ago
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