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zaharov [31]
4 years ago
12

Applegate is in litigation with Magnifium over a contract breach. Applegate has been approached by a former janitor for Magnifiu

m who can testify regarding conversations about the contract between Magnifium executives. The janitor heard them when the executives had stayed late at work and he was cleaning. Can Applegate use the statements at trial?
Business
1 answer:
VladimirAG [237]4 years ago
5 0

Answer:

Applegate cannot use the janitor's statement in the trial since the janitor was not directly involved in the work that was being discussed in the meeting. At most, Applegate can try to use some of the information to investigate further about the issue by its own.

Explanation:

The janitor could be considered a hearsay witness, but courts usually limit their testimonies depending on whether its content is admissible or not. The court and Magnifium's lawyers would examine the perception of the witness, his recollection of the events, how he communicated those events to the other party involved in the case, and most importantly the truthfulness of the witness testimony.

The janitor doesn't have a solid position in any of the possible challenges, e.g. he might be mad for being fired and is making up the story, he misinterpreted what he heard because he didn't know what they were talking about, Applegate reached the witness and offered him money to testify, his testimony may have some gray areas or may not be complete. There are simply too many possible objections that can eliminate his testimony and leave Applegate in a worse position.

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larisa [96]

Answer:

Option (A) is correct.

Explanation:

A particular profit maximizing firm is produces at a point where marginal cost is equal to the marginal revenue.

Pizza cheese is used as an input for producing pizza, so if there is an increase  in the price of pizza cheese then this will results in an increase in the cost of production for the Ronny's Pizza House and this change will shift the marginal cost curve upwards.

We know that marginal revenue curve is downward sloping and marginal cost curve is upward sloping, so if there is a upward shift in the MC curve then it cuts the marginal revenue curve at a lower level of output.

8 0
4 years ago
The following is the information for the Brendan's Bread bakery company.
PilotLPTM [1.2K]

Answer: $205,100

Explanation:

Cost of materials is the total amount spent on the materials that were used for production in the current period.

Formula is:

= Beginning raw material inventory + Raw material purchases - Ending raw material inventory

= 53,200 + 210,000 - 58,100

= $205,100

8 0
3 years ago
The income statement for the Skysong, Inc. for the month ended July 31 shows Service Revenue $16,010, Salaries and Wages Expense
madam [21]

Answer and Explanation:

The closing entries for the following accounts are presented below

1. Service Revenue A/c Dr $16,010

               To Income Summary $16,010

(Being revenue account closed)

2. Income summary A/c Dr $11,930

           To Maintenance and Repairs Expense $2,510

           To Salaries and Wages Expense $8,410

            To Income Tax Expense $1,010

(Being expenses accounts are closed)

3. Income summary A/c Dr $4,080    ($16,010 - $11,930)

                 To Retained earning $4,080

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $1,350

                  To Dividend A/c $1,350

(Being dividend account is closed)

6 0
4 years ago
The Food and Drug Administration and the Consumer Product Safety Commission are two examples of _[blank]_.
jasenka [17]

Consumer protection agencies

3 0
3 years ago
A preferred stock has a face value of $100 and pays annual dividends at a rate of 8 percent. The required rate of return on this
denpristay [2]

Answer: $66.67

Explanation:

The value of a Preferred Stock is calculated with the following formula,

Value of the preferred stock = Annual Dividend/rate of return

The Annual Dividend is 8% of the face value so,

= 0.08 * $100

= $8

Therefore the Value of the Stock is,

= 8/0.12

= $66.67

4 0
4 years ago
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