When Ellen sues Uncle Moneybags for the $10,000, the type of equitable remedy would be restitution.
<h3>What is restitution?</h3>
It should be noted that restitution simply means the restoration of a particular thing that's lost or stolen.
In this case, when Ellen sues Uncle Moneybags for the $10,000, the type of equitable remedy would be restitution.
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Explanation:
1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.
2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.
3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.
4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.
The answer is letter c. The foremost concern with the source documents of job cost records is the accuracy of the records. Problems happening in this area consist of incorrect recording of quantity or dollar amounts, materials recorded on one job being “borrowed” and used on other jobs, and erroneous job numbers being assigned to materials or labor inputs. The main advantages of using computerized source documents for job cost records are the accurateness of the records and the capability to offer managers with immediate feedback to help control job costs.
Answer:
Contribution Margin $ 5775
Net Loss ( $ 5,200 )
Explanation:
Ticket sales $12,600
Less
Variable Costs
Cost of dinner
Variable Costs ( 15,300- 9000) $ 6,300
Invitations and paperwork (variable costs) <u> $ 525</u>
Less Fixed Expenses
Cost of dinner (fixed costs) $ 9000
Invitations and paperwork (fixed costs) <u>$ 1975</u>
Net Loss ( $ 5,200 )
Contribution Margin is obtained by deducting variable costs from sales and then the profit or loss is obtained by deducting fixed costs from the contribution margin.
