1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
defon
3 years ago
14

A 2013 court verdict then ordered DePuy to pay plaintiffs ____ in damages. Select one: a. Over $8 billion b. $8.3 million c. $3.

8 million d. $8.3 thousand
Business
1 answer:
pishuonlain [190]3 years ago
8 0

Answer:

b. $8.3 million

Explanation:

A 2013 court verdict then ordered DePuy to pay plaintiffs <u>$8.3 million</u> in damages.

A Los Angeles´s court have ordered Johnson & Johnson´s DePuy orthopedic department to pay more than $338000 for medical cost and $8 million for pain and suffering to plaintiff Loren Kransky.  As the company has recalled artificial metal hips which was found defective but DePuy did not took any action against fraud or malice. No punitive damage will be paid to the victim.

You might be interested in
Difference between uninsurable and insurable risks
Airida [17]
Uninsurable risk : The risk cannot be estimated and not probable to forsee

Example : You cannot insure you losing or winning the lottery

Insurable Risk : If the risk is can be estimated and probable to forsee

Example : A football player insure their legs from potential injury

hope this helps
6 0
3 years ago
Read 2 more answers
Keller Cosmetics maintains an operating profit margin of 7% and asset turnover ratio of 4.
Yanka [14]

Answer:

A) ROA = 28%

B) ROE = 20%

Explanation:

Requirement A

We know,

Return on Asset = \frac{Net Income}{Average Total Assets}

If we break the ROA formula, we can get,

ROA = \frac{Net Income}{Net Sales} × \frac{Net Sales}{Average total assets}

We know, Profit margin = Net Income ÷ Net Sales; and

Asset Turnover ratio = Net sales ÷ Average total assets

Therefore, ROA = Profit margin × Asset Turnover

Given,

Profit Margin = 7% = 0.07

Asset Turnover = 4.0

Hence, Return on Asset = 0.07 × 4 = 0.28 = 28%

It shows how assets generate income over a period.

Requirement B

We know,

Return on Equity = \frac{Net Income}{Stockholders' Equity}

If we break the formula, ROE = (Asset ÷ Equity) × (Debt Burden) × ROA

Given,

Debt-Equity ratio = 1

We know, Debt-equity ratio = \frac{Total Debt}{Total Stockholders' Equity}

As debt-equity ratio is 1, debt = equity

Therefore, assets =  2 times of debt or equity

Debt Burden = Net Income ÷ (EBIT - Interest)

Debt Burden = (EBIT - Interest - Tax) ÷ (EBIT - Interest)

Debt Burden = $(21,000 - 8,200 - 8,200) ÷ $(21,000 - 8,200)

Debt Burden = $4,600 ÷ $12,800

Debt Burden = 0.359375

We have already got ROA from requirement A, ROA = 28% = 0.28

Hence, ROE = (2 ÷ 1) × 0.359375 × 0.28

ROE = 0.20125

ROE = 20%

6 0
3 years ago
A limitation of using past performance as a basis for judging actual results is that​ ________. A. future conditions can be diff
zubka84 [21]

Answer:

A. future conditions can be different from the past

Explanation:

A limitation of using past performance as a basis for judging actual results is that​ future conditions can be different from the past. Many factors within a business can change as time progresses and all of which act as variables when determining performance. Therefore a change in one of these variables can drastically change the performance in the present even though everything else in regards to the business is the same as it was in the past.

5 0
3 years ago
What are REITs? please help
Jlenok [28]

Answer: REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Explanation: Real Estate Investment Trust

Company

A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.

3 0
3 years ago
A company paid $150,000, plus a 6% commission and $4,000 in closing costs for a property. The property included land appraised a
Oxana [17]

Answer:

Land $81,500; Land Improvements $32,600; Building $48,900

Explanation:

Calculation for What should be the allocation of this property's costs in the company's accounting records

First step is to calculate the total value

Total value= $87,500 + $35,000 + $52,500

Total value= $175,000

Second step

Land appraised = $87,500 ÷ $175,000

Land appraised= 0.50

Land improvement = $35,000 ÷ $175,000

Land improvement = 0.20

Building appraised = $52,500 ÷ $175,000

Building appraised = 0.30

Third step is to calculate the Total Amount

Total Amount= $150,000 + $150,000 × 0.06 + $4,000

Total Amount= $150,000 + $9,000 + $4,000

Total Amount= $163,000

Last step is to calculate the allocation of this property's costs in the company's accounting records

Land appraised = $163,000 × 50%

Land appraised = = $81,500

Land improvement = $163,000 × 20%

Land improvement= $32,600

Building appraised = $163,000 × 30%

Building appraised = $48,900

Therefore What should be the allocation of this property's costs in the company's accounting records is :

Land $81,500; Land Improvements $32,600; Building $48,900

4 0
2 years ago
Other questions:
  • When the revenue for a business is less than its costs, it is making a profit
    10·2 answers
  • In the foreign exchange market, the price of one nation's currency in terms of the currency of another nation is known as the
    15·1 answer
  • A bloomberg businessweek north american subscriber study collected data from a sample of 2861 subscribers. fifty-nine percent of
    10·1 answer
  • Money and farm equipment are examples of
    11·1 answer
  • The possibility that management of the corporation may not be pursuing the same goals as the same goals as those of stockholders
    5·1 answer
  • 1. NPVs, IRRs, and MIRRs for Independent Projects
    14·1 answer
  • If you could pack up and leave for vacation today wear would you go.why would you go and for how long(put it in a paragraph)
    12·1 answer
  • Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, th
    10·1 answer
  • I is desire a demand?
    14·2 answers
  • The ________ approach states that the exchange rate is determined by the supply and demand for national currency stocks, as well
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!