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4 years ago

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

Business

1 answer:

Lilit [14]4 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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Avery Company has two divisions, Polk and Bishop. Polk produces an item that Bishop could use in its production. Bishop currentl

BlackZzzverrR [31]

Answer :

a) Impact on profit increased by $154,000

b) Minimum transfer price = $7

c) Maximum transfer price from Bishop's perspective= $14

Explanation :

As per the data given in the question,

a) Effect on operating profit :

Purchase price from outside = $14 per unit

Variable cost of production internally = $7

Profit per unit = $7

Total number of units = 22,000

Total increment in operating profit is

= 22,000 units × $7

= $154,000

In this case the fixed cost is to ignored

b) Minimum transfer price :

Since, Polk has excess capacity so there will be no increment in fixed cost and Polk would recover its variable cost which is $7

Hence, Minimum transfer price = $7

c) Maximum transfer price from perspective of Bishop :

If price i.e internal is more than $14, there would be a loss For Bishop so it would be purchase from outside due to which the whole company will lose the incremental operating profit of $154,000

Hence, Maximum transfer price = $14

7 0

3 years ago

Amy baked 114 brownies for a bake sale. She sold bags of brownies with

Lubov Fominskaja [6]

Answer:

$18 = 114 - 6b$

Explanation:

Given

$Total\ Brownies = 114$

$Sold\ out = 6\ bags$

$Left = 18\ brownies$

Required

Express using algebraic expression

The relationship between the given parameters is

$Total\ Brownies = Sold\ out + Left\ Brownies$

This gives:

$114 = 6\ bags + 18\ brownies$

Represent bags with b

$114= 6b + 18$

Subtract 6b from both sides

$114 - 6b = 6b - 6b + 18$

$114 - 6b = 18$

Reorder

$18 = 114 - 6b$

<em>Option D answers the question</em>

8 0

3 years ago

1. Oxygen, Inc. reports the following information: Units produced 2,500 units Units sold 2,000 units Sales price $200 per unit D

Travka [436]

<u>Solution and Explanation:</u>

Absorption costing

Direct material 40

Direct labor 25

Variable manufacturing overhead 20

Fixed manufacturing overhead (90,000/2,500) 36

Unit product cost $121

Unit product cost using absorption costing = $121

Variable costing

Direct material 40

Direct labor 25

Variable manufacturing overhead 20

Unit product cost $85

Unit product cost using variable costing = $85

b. Absorption costing income statement

Sales (2,000 x 200) 400,000

Cost of goods sold :

Direct material (2,000 x 40) 80,000

Direct labor (2,000 x 25) 50,000

Varoiable manufacturing overhead (2,000 x 20) 40,000

Fixed manufacturing overhead (90,000 x 2,000/2,500 72,000

Cost of goods sold -242,000

Gross profit 158,000

Operating expense :

Variable selling and administrative expense (2,000 x 15) 30,000

Fixed selling and administrative expense 75,000

Total operating expense -105,000

Net operating income $53,000

Variable costing income statement

Sales (2,000 x 200) 400,000

Variable cost :

Direct material 80,000

Direct labor 50,000

Varoiable manufacturing overhead 40,000

Variable selling and administrative expense 30,000

Total variable cost -200,000

Contribution margin 200,000

Fixed cost :

Fixed manufacturing overhead 90,000

Fixed selling and administrative expense 75,000

Total fixed cost -165,000

Net operating income $35,000

3 0

4 years ago

Which of the following would tend to increase a firm's target debt ratio,other things held constant?

Elodia [21]

Answer:

D) The Federal Reserve tightens interest rates in an effort to fight inflation.

Explanation:

When the Federal pursues a contractionary monetary policy to fight inflation, it sells securities in order to raise the interest rate.

A higher interest rate means that both investing and borrowing becomes more expensive. The firm's previous debts become more expensive because they interest rate is now higher. For this reason, other things held constant, the frim has to raise its target debt ratio.

3 0

4 years ago

Birch Manufacturers has provided the following information regarding the two products that it sells: Jet Boats Ski Boats Sales

dezoksy [38]

Answer:

A. 58 jet boats and 23 ski boats

Explanation:

Break even point is the level of activity at which a firm neither makes a profit nor a loss.

First determine the sales mix :

Note : Birch sells five jet boats for every two ski boats sold

thus the mix is 5:2

Then calculate the contribution per batch

Jet Boats = $8,000 - $6,000 =$2,000

Ski Boats = $24,000 - $ 16,000 = $8,000

Total Contribution per batch = ((5×$2,000) + (2 ×$8,000))

= $ 26,000

Calculate the batch contribution

Break - even Point = Fixed Cost / Contribution per batch

= $300,000 / ((5×$2,000) + (2 ×$8,000))

= $300,000 / $ 26,000

= 11.54

Use the sales mix to determine the units to break even in the batch

Jet Boats = 11.54 × 5

= 57,7

= 58

Ski Boats = 11.54 × 2

= 23,08

= 23

Thus the units sold to break even would be : 58 jet boats and 23 ski boats

6 0

4 years ago