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Aleonysh [2.5K]
3 years ago
9

Melissa's tugboat accidentally collides with Tyler's yacht, and Tyler sues Melissa for negligence. A federal jury finds Melissa

liable and awards Tyler $5,000 in compensatory damages as well as $50 million in punitive damages. Melissa appeals to the United States Supreme Court, challenging the punitive damages award. If the Supreme Court heard the case, it would likely:
a) Uphold the damage award as serving a legitimate purpose.
b) Uphold the damage award as proportional to the harm.
c) Overturn the punitive damage award as grossly excessive.
d) Refuse to review the issue because the court cannot overturn jury awards
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer:

C. overturn the punitive damage award as grossly excessive

Explanation:

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Joanette, Inc., is considering the purchase of a machine that would cost $520,000 and would last for 7 years, at the end of whic
Ostrovityanka [42]

Answer:

The present value of the project is  -$10,465.64

Explanation:

The net present value computation for Joannette Inc is set below

In year zero $520,000 and $600 would be incurred on the machine purchase and working capital respectively.

In years 1 to 6 the cash inflow of $112,000 would recorded in respect of reduction in labor costs and other costs

In year 7 ,the cash inflow of $112,000 and recoupment of net working capital would be recorded

NPV=-$526000+($112,000/(1+14%)^1+$112,000/(1+14%)^2+$112,000/(1+14%)^3+$112,000/(1+14%)^4+$112,000/(1+14%)^5+$112,000/(1+14%)^6+$112000+$52000+$6000/(1+14%)^7= ($10,465.64)

Find attached.

Download xlsx
5 0
3 years ago
You need a 25-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 8.6 perc
geniusboy [140]

Answer:

the balloon payment after 300 months is $1,205,266.38

Explanation:

In order to pay the loan completely after 300 months, your monthly payment should be $1,948.75. Since you can only pay $800 per month, the loan's balance after 300 payments will be $1,205,266.38. This is irrational since you will end up owing 4 times the initial amount. You will never even be close to paying even the interest expense, so the principal increases every month.

I prepared an amortization schedule using an excel spreadsheet

Download pdf
6 0
3 years ago
1. Imagine that you are considering expanding and diversifying your tech business into international
SOVA2 [1]

Answer:

A good way to determine if expanding the business into international trade is to use a tool to analyze the international enviroment.

The tool that can be used is PESTEL, which is an accronym for Political, Economical, Social, Technological, Enviromental, and Legal factors.

To complete a Pestel, the strategist of the company simply has to add the relevant factors related to the external enviroment in each one of the six cateogories.

Like this, the strategist can analyze the international enviroment, in order to determine whether it is advisable to expand the technological business or not.

3 0
3 years ago
The beginning balance in Common stock and Retained Earnings of Alpha Technologies were $100,000 and $80,000, respectively. The r
Reil [10]

The ending balance in Retained Earnings for Alpha Technologies equals $100,000.

<h3>What is a Retained Earnings?</h3>

This refers to the company's cumulative net earnings or profit after the account for dividends.

The ending Retained Earnings balance are derived by taking the beginning period, adding any net income or net loss, and subtracting any dividends.

Ending Retained Earnings = Beg Retained Earnings + (Revenues -  Expenses) - Dividend

Ending Retained Earnings = $80,000 + ($60,000 - $40,000) - 0

Ending Retained Earnings = $100,000

Therefore, the ending balance in Retained Earnings for Alpha Technologies equals $100,000.

Read more about Retained Earnings

<em>brainly.com/question/25631040</em>

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5 0
2 years ago
Data for 2021 were as follows: PBO, January 1, $240,000 and December 31, $270,000; pension plan assets (fair value) January 1, $
Nezavi [6.7K]

The projected benefit obligation was underfunded at the end of 2021 by: $40,000

Solution:

Given,

PBO, January 1,            $240,000

       December 31,         $270,000

pension plan assets (fair value) January 1,          $180,000

                                                    December 31,     $230,000

Now ,

The projected benefit obligation was underfunded at the end of 2021 by :

PBO                            ($270,000)

Plan assets                   230,000

Funded status             ($40,000) [ $270,000 - 230,000 ]

∴ The projected benefit obligation was underfunded at the end of 2021 by: $40,000

7 0
3 years ago
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