Each culpable party is responsible for its proportionate share of the damages. Damages are always the responsibility of all negligent parties.
What is joint and several liability?
- Each party is individually liable for the entire extent of the damages caused by the tortious act when two or more people become jointly and severally responsible for that though.
- As a result, if a plaintiff obtains a monetary judgment against all of the parties, they may each be held liable for the full amount of the verdict.
- The other wrongdoers may then be asked to contribute to that party. The law of undivided injury is the name given to the idea of picking the defendant(s) against whom to seek damages.
The worrisome consequences are as previously mentioned, joint and several liability usually works in the plaintiff's favor because it raises the likelihood that every one of the damages granted will be recouped.
In contrast hand, it can be thought unjust for a party to suffer a disproportionate financial loss as a result of an unpleasant incident for which it had only a tiny responsibility.
Learn more about joint and several liability here:
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Answer:
The correct answer is the third option: Provides useful information that can serve as a basis for forecasting future performance.
Explanation:
To begin with, the name of "Financial Statement Analysis" refers to a process done by the managers of a company in the field of businesses that focus primarily in the observation of the financial accounts that the organizations has in order to be able to determine better decision so that they could earn better profits in the future avoiding mistakes previously done. Therefore that this type of analysis has the purpose of providing useful information for the managers so that they can establish better ways of acting and performing in the field.
Answer:
"D" is the correct answer.
All of these.
Explanation:
NOTE: in this question, options part is missing, The option for the following question is :
b. Additions to business stock
c. firms' buy of equipment
d. All of the above
Gross Domestic Product is the overall financial or retail value of all completed production of goods and services in a specific period within a country.
formula to calculate GDP is as follow
GDP = C + I + G + NX
where C stands for Private consumption.
I stands for investment
G stands for government consummation
NX for net export (total export - total import)
GDP use to calculate countries total gross production during a particular year.
Answer:
The future value is $6,894.21
Explanation:
Giving the following information:
Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= 5,000
i= 0.055
n=6
FV= 5,000*(1.055)^6= $6,894.21
Answer:
primary sector involves agricultural stuufs
hope it is helpful
