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3 years ago

What is judical settlement

Business

1 answer:

marishachu [46]3 years ago

5 0

Answer:

A judicial settlement meeting is a casual procedure wherein a resigned circuit court judge, prepared in intercession and settlement gathering abilities, effectively encourages a procedure whereby parties in strife may arrive at a commonly acceptable goals.

Explanation:

Judicial Settlement administrations are accessible to all circuit courts at no expense to the gatherings. Judicial Settlement judges, who have an abundance of lawful experience and topic aptitude, can offer lawyers and their customers' significant case assessments and nonpartisan settlement help. Judicial Settlement judges may give an autonomous evaluation of the dangers of case. The Judicial Settlement Meeting Project encourages the settlement of cases that would somehow bring about expensive and protracted preliminaries. Judicial Settlement might be utilized for any respectful case documented in court. The program might be utilized with an assortment of case classifications, including yet not constrained to: tort/individual injury, business, household relations, and so forth. Judicial Settlement might be generally helpful in situations where the gatherings have not totally investigated settlement choices and are probably not going to do as such without the help of an impartial gathering.

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B) Principle of the business entity.

C) Objectivity principle.

D) Going-concern assumption

Answer:

Option A Cost Principle

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3 years ago

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4 years ago

Jacquie Inc. reports the following annual cost data for its single product.

m_a_m_a [10]

Answer:

Cost of goods sold:

72,000 units = $3,174,000
104,000 units = $4,118,000

Cost of goods sold per unit:

72,000 units = $44.08
104,000 units = $39.60

A comparative income statement showing the different production and sales levels:

70,000 units 72,000 units 104,000 units

Total sales $3,990,000 $4,104,000 $5,928,000

COGS ($3,115,000) ($3,174,000) ($4,118,000)

Gross profit $875,000 $930,000 $1,810,000

If Jacquie increases its production to 104000 units, while sales remain at the current 72000 unit level, by how much would the company?

Total sales $4,104,000

COGS ($2,851,200)

Gross profit $1,253,000

If the production level is 104,000 units, but only 72,000 are sold, net profits will increase by $323,000 (= $1,253,000 - $930,000). The remaining 32,000 units will be reported as ending inventory of finished goods.

Explanation:

normal production 72,000 units 104,000 units

direct materials $700,000 $720,000 $1,040,000

direct labor $525,000 $540,000 $780,000

variable overhead $840,000 $864,000 $1,248,000

fixed overhead $1,050,000 $1,050,000 $1,050,000

total $3,115,000 $3,174,000 $4,118,000

cost per unit $44.50 $44.08 $39.60

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3 years ago

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romanna [79]

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4 years ago

What is judical settlement​

What is judical settlement