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Oksi-84 [34.3K]
3 years ago
6

Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is pro

bable that Higgins will settle the lawsuit for an estimated amount in the range of $100,000 to $200,000, with all amounts in the range considered equally likely. How should Higgins report this litigation?
Business
1 answer:
GaryK [48]3 years ago
6 0

Answer:   Higgins should report this litigation as a contingent liability.

Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.

A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.

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A client who has depression is admitted to treatment on a voluntary basis. While in the hospital, the client makes several comme
GuDViN [60]

Answer:contact the psychiatrist for initiation of commitment proceedings.

Explanation:

This proceeding may legally order a person to receive psychiatric treatment at the hospital because the person is seen to may be danger to themselves and suspected that they may commit harm against their own body.

Some people may refuse treatment because they don't feel like they need the treatment and believe there is nothing wrong with them hence an initiation of commitment proceeding may be crucial to give them the help that they actually need.

A person who says they wish to end it all may end up taking their own lives if they are not admitted to a psychitric treatment.

6 0
3 years ago
What are the criticisms of fiscal policy
vesna_86 [32]

Answer:

Fiscal policy is the adjustment of tax rate and government spending that is used to handle current economic situation.

There are several of criticism that usually found on fiscal policies.

- Time Lags.

The effect of fiscal policies could only be felt years after the policies are made. Often times, this goes unnoticed by the citizens of the country, making it look like that the government took no action to handle their economic issues.

- Strengthening foreign influence

One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.

- It could create a budget deficit for the next government officials.

Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt.  Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.

4 0
3 years ago
A market research study of soft drink consumption and distribution in Hungary commissioned by an American company indicated that
Nutka1998 [239]

Answer:

comparability of data

Explanation:

Comparability of information is one attribute used only to characterize the consistency of descriptive statistics. For two factors the principle of comparability of data is especially critical to a Triad.

Secondly, the Constellation demonstrates shared data sets. Through nature, the shared data sets include information from different analytical techniques. The degree of comparability among two separate sequencing / technical methods affects the way in which sets of data can be jointly compiled, analyzed and used to help strategic thinking.

7 0
3 years ago
What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by t
nekit [7.7K]

Answer:

Amount to be paid annually by Ned Winslow = $8461.35

Explanation:

Fv = <u>A ( 1 + r)∧n  - 1 </u>

              r

90,000   =   <u>A  ( 1 + 0.08)∧8  - 1</u>

                         0.08

90,000 =   <u>A ( 1.8509 - 1)</u>

                       0.08

90,000  =   10.6366A

A =     90,000/10.6366

=   $8,461.35

3 0
3 years ago
Read 2 more answers
Retirement income for older women is about ______ percent of that for men.
Alchen [17]

<span>Retirement income for older women is about 55 percent of that for men. In the year 2009, 16 percent of single older men and 21 percent of single older women cut down under the poverty line. Among individuals aged 65, more than two times as many men as women have private pensions.</span>

8 0
4 years ago
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