Answer:
The reason is that the companies believed that they were able to compete against global and domestic rivals.
Explanation:
The reason for companies to be against the protection is that they believed that they didn't need it because they had advantages that allow them to compete against competitors from other countries. However, if the US would have established a protection from imports, the countries of the companies affected by the measure could have established similar restrictions that wouldn't allow these companies to compete in other markets.
Answer:
Journal entry to record accrued wages on December 31, 202x
Dr Wages expense 1,260
Cr wages payable 1,260
Journal entry to record wages expense on Friday, January 2
Dr Wages expense 840
Cr wages payable 840
Journal entry to record payment of wages on Monday, January 5
Dr Wages payable 2,100
Cr Cash 2,100
Answer:
The correct answer is letter "C": certification of false financial statements.
Explanation:
The Sarbanes-Oxley Act (SOX) is a statute that aims to increase corporate governance and enhance internal control of companies. SOX's primary purpose is to protect stakeholders from false corporate financial statement representations. Investors must know that the financial information on which they rely is accurate and that their accuracy has been checked by an independent third party.
<em>Altering, destroying, covering-up or falsifying information in the financial statements of a firm is considered a crime since the SOX implementation with a maximum sentence of 20 years.</em>
The correct answers to the questions are as follows:
1. NO, SPECIFIC PERFORMANCE ARE NOT ALLOWED IN THIS CASE BECAUSE MONEY DAMAGES ARE AVAILABLE.
When a party to a contract refuse to fulfill the terms of a contract, there are two forms of punishments that can be imposed on such an offender. It is either the court force the offender to perform the tasks expected of him or he can be asked to pay financial fines, which represents the damages incurred as a result of abandoning his work. In the question given above, money damages option is available, so Spud does not necessarily have to be forced to complete the job.
2. The correct answer is this: NO, SINCE BREACHING A CONTRACT IS USUALLY HELD TO BE A BUSINESS DECISION [NOT AN ACTION OF MORAL TURPITUDE] PUNITIVE DAMAGES ARE RARELY AWARDED IN CONTRACT CASES.
Punitive damages are damages imposed by the court of law, which are targeted at differing an offender and others from engaging in conducts that are similar to that which formed the basis of the concerned lawsuit. Punitive damages are usually awarded if the court feels that the compensatory damages awarded is not enough to compensate the injured party. Punitive damages are only awarded in special cases and usually under tort law; punitive damages generally can not be awarded in contract disputes.
Answer:
Marginal utility of the additional units will turn negative
Explanation:
As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.
The diminish return theory state that:
The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it
