Where is the text highlight color button located?

At the conclusion of a tort trial the jury finds the plaintiff about 30% responsible for the damages she suffered and the defend

KonstantinChe [14]

Answer:

The answer is: $70,000

Explanation:

70% of the total damages equals $70,000 (70% x $100,000)

Comparative negligence refers to a legal defense used by the defendant to reduce the amount of damages that a plaintiff can recover. This is based on what percentage of the plaintiff's damages could be attributed to the plaintiff's own negligence.

6 0

3 years ago

Candy Canes Inc. spends $100,000 to buy sugar and peppermint in April. It produces its candy and sells it to distributors in May

Pie

Answer:

April,

Sales is zero
Net income is zero
Net cash flow is an outflow of $100,000 (used in the purchase of raw materials)

May,

Sales is $150,000
Net income is $500,00
Net cash flow is zero

And in June;

Sales is zero
Net income is zero
Net cash flow is an inflow of $150,000 (amount received from customers)

Explanation:

In April, the company purchased raw materials (Sugar and Peppermint) for $100,000. The entries posted are debit to Inventories and Credit to Cash account (both amounting to $100,000 each).

As such in April,

Sales is zero
Net income is zero
Net cash flow is an outflow of $100,000 (used in the purchase of raw materials)

It produces its candy and sells it to distributors in May for $150,000, but it does not receive payment until June.

When the sale is made in May, the entries required is Debit accounts receivables $150,000 and Credit Sales revenue $150,000. Also, Debit cost of goods sold $100,000 and Credit Inventories $100,000.

Net income is the difference between sales and cost of sales.

As such in May,

Sales is $150,000
Net income is $500,00
Net cash flow is zero

For June,

Payment for goods sold in May were received, entries posted are debit to cash account and a credit to accounts receivables (both balance sheet accounts), hence;

Sales is zero
Net income is zero
Net cash flow is an inflow of $150,000 (amount received from customers)

6 0

4 years ago

Sanders Sporting Goods, an international sporting goods chain, is being sued for sexual harassment by a former Sanders employee.

krek1111 [17]

Answer:

Sanders Sporting Goods Company

The statement that supports the plaintiff's argument that Sanders is liable for sexual harassment is:

C) Sanders lacks a management response system for handling sexual harassment complaints.

Explanation:

A management response system will show that Sanders is not liable for the sexual harassment of this former employee. Sanders must have done what is required before the case gets out of its hand by ensuring that the co-worker and everyone else fully appreciates the company's policy on the issue. For example, it can publish its policy regularly to enable everyone to be on the same page.

7 0

3 years ago

what importance does the stationery and information sources play in the effective and efficient Operation of an organization?

gavmur [86]

Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "<u>the source of quality and quantity data on the production input</u>."

Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:

It serves as the place to gather data about the strengths and weaknesses of the firms.
It is also the source to gather the information opportunities and threats of the organizations.
It is also a source of keeping records of finance, employees, success, and failures of the firms.

Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.

Learn more here: brainly.com/question/25264343

6 0

2 years ago

Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Year

storchak [24]

Answer:

The company's acid-test ratio for Year 2 is 1.88 times.

Explanation:

Quick asset ratio :

The quick asset ratio is that ratio which shows a relationship between current assets and current liabilities. But it does not include stock. This ratio is used to check the liquidity of the company.

The formula to compute quick asset ratio is computed below:

= Quick assets ÷ current liabilities

where quick assets includes all current assets except stock.

And, the quick assets value is comprises of cash, short term investment and account receivable.

So, the quick asset value = Cash + short term investment + Account receivable

= $37,500 + $90,000 + $85,500

= $213,000

After computing the quick assets, now we can compute the quick asset ratio by using an formula.

= Quick assets ÷ current liabilities

= $213,000 ÷ $113,400

= 1.88 times

Hence, the company's acid-test ratio for Year 2 is 1.88 times.

5 0

4 years ago