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3 years ago

Match each the following steps in the litigation process with its best description or example.

Business

1 answer:

Lilit [14]3 years ago

5 0

Answer:

The options were incomplete! All of the options, their right order and description is explained below.

Complete Question:

Match each the following steps in the litigation process with its best description or example.

A. Alternate dispute resolution

B. Deposition

C. Judge decides

D. Defenses raised

E. Starts the litigation

1. Discovery

2. Bench trial

3. Complaint

4. Mediation

5. Answer

Matching:

3. Complaint -> E. Starts the litigation

5. Answer -> D. Defenses raised

1. Discovery -> B. Deposition

4. Mediation -> A. Alternate dispute resolution

2. Bench trial -> C. Judge decides

Short Explanation:

Suppose A is plaintiff and B is defendant.

A files a complaint saying that B has done something wrong to me, to which B Answers and denies the claim of A. Then both parties A and B start to discover evidence against each other. Mediation usually happens at this stage when both parties know their position. If mediation fails then bench trial starts where a civil judge decides the verdict.

Detailed Explanation:

The litigation (means a case or lawsuit) process starts when a complaint is filed by a plaintiff (person who brings a case against someone in court of law) stating the alleged wrongdoings done by the defendant. He claims to be given relief against the wrongs done by the defendant.

Then defendant responds with an Answer in which he clarifies or point out incorrect allegations or denies all the accusations one by one made against him. If defendant finds a strong case against himself then he goes for mediation otherwise he proceeds towards discovery.

Discovery is the legal term used for finding and gathering of all sort of evidence or information. Examples of discovery are interrogations, depositions, examination reports.

Mediation is the process of dispute resolution where both parties appear in front of a neutral mediator and try to resolve the issue without going to trial. Everyone tries to avoid going to trail because it is expensive and time consuming therefore, many lawsuits get resolved without going into the trial.

When mediation fails then the final solution is to go for a trail. A bench trial means a trial in which a judge decides the verdict (no jury).

Note: Mediation means settlement and it can happen at any stage when both parties agree to a certain solution,

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4 years ago

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repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the

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Question Completion:

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000

Prepare a contribution format income statement segmented by divisions Division Total Company East Central West

The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.

Answer:

Wingate Company

a. Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,960 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales $ 1,509,000

Variable expenses 567,040

Contribution margin 941,968

Fixed expenses 1,036,000

Net operating income (loss) $ (94,040)

Additional information:

Division Central East West

Sales $389,000 $600,000 $520,000

Variable expenses as a

percentage of sales 56% 27% 36%

Traceable fixed expenses $283,000 $336,000 $203,000

Increase in Division West's fixed expenses by $25,000

Expected increase in Division West's sales = 19%

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,968 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

Based on new proposal:

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,607,800 $389,000 $600,000 $618,800

Variable expenses 602,608 217,840 162,000 222,768

Contribution margin 1,005,192 $171,160 $438,000 $396,032

Traceable fixed expenses 847,000 $283,000 $336,000 $228,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (55,808) ($111,840) $102,000 $168,032

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