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3 years ago

What are two services for which you might pay an attorney above the hourly charges?

Business

1 answer:

vfiekz [6]3 years ago

7 0

Answer:

Need the brainliest

Explanation:

One of the biggest concerns of people in need of the assistance of an attorney is how much it will cost. The type of fee arrangement that is available to a client will often have a lot to do with the type of legal issues you are bringing to your attorney. There are several common types of attorney fees and fee arrangements:

1. Consultation Fees: Some attorneys charge an upfront fee, usually on a flat rate basis, to meet with the attorney and determine whether s/he will be able to assist you with your legal issues. Many attorneys do not charge an initial consultation fee, but you will need to check in advance to make sure.

2. Contingency Fees: This is a favorite among personal injury and medical malpractice attorneys. The attorney's fee is based on a percentage of the amount awarded in a judgment or negotiated in the settlement of the case, while if you lose the case, the lawyer does not get a fee. However, should you lose, you will still often be required to pay expenses, so read your representation agreement carefully.

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The department within a company that records, measures, and reports monetary transactions is called ______________.

Gnesinka [82]

I believe you’re thinking of the accounting department

hope this helps (:

3 0

3 years ago

Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and

mihalych1998 [28]

The amounts and types of education tax credits that Ariana and John can take without modified AGI limitation are as follows:

Amount of Education Tax Type of Education Tax Credits

For Kai $1,000 ($2,500 x 40%) The American Opportunity Credit

For Angel $1,560 ($7,800 x 20%) The Lifetime Learning Credit

Total tax credit = $2,560 ($1,000 + $1,560)

<h3>What are the American Opportunity Credit and the Lifetime Learning Credit?</h3>

Whereas the American Opportunity Credit (Kia's) covers only the first 4 years of post-secondary education at 40% of $2,500 per student because Kia is a half-time student, the Lifetime Learning Credit applies to graduate schooling (Angel's) and covers 20% of the first $10,000 paid for tuition.

We must note that no taxpayer can claim both the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same tax year.

Thus, the total education tax credit that Ariana and John can claim for both Kai and Angel is $2,560.

Learn more about education tax credits at brainly.com/question/8166956

6 0

2 years ago

Locke Inc has a machine that installs tires. The machine is now in need of repair. The machine originally cost $10,000 and the r

Phoenix [80]

Answer: William should replace the machine with a new one because over that 2 year span he will be losing less money, if he were to repair he would lose more money.

Explanation:

5 0

3 years ago

The current sections of Whispering Winds Corp.’s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Wi

storchak [24]

Answer:

The amount of cash provided by operating activities is $155,000

Explanation:

The net cash provided by operating activities is shown below by the cash flow statement extract:

Net income $152,000

depreciation expense $24,900

increase in accounts receivable($109700-$77900)($31,800)

Decrease in inventory($171,900-$157,000) $14,900

increase in prepaid expenses($26,700-$25,100) ($1,600)

increase in accrued expenses($14,600-$8400) $6,200

decrease in accounts payable($95,100-$85,500) ($9,600)

net cash provided by operating activities $155,000

Note:

An increase in liability means depriving the other party some cash,hence it is positive and vice versa.

4 0

3 years ago

Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital e

Eddi Din [679]

Answer:

Testerman Construction Co.

Internal rate of return method in analyzing capital expenditure:

Present value of expenditure = $149,630

Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)

NPV = $0 (PV of cash outflow - PV of cash inflow)

Therefore, the IRR = 20%

Explanation:

a) Data and Calculations:

Investment cost = $149,630

Annual net cash flows = $45,000

Investment period = 6 years

Annuity of future cash flows = 3.3251

b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project. This IRR helps the managers to determine the projects that add value and are worth undertaking. IRR is based on assumptions. Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used to generate the returns, and the assumption of a constant reinvestment may which IRR makes.

7 0

3 years ago