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Veseljchak [2.6K]
3 years ago
6

Pablo, a resident of New Mexico, while driving through Arizona was struck by an SUV driven by Drew, a resident of California. Dr

ew was speeding when the accident happened and Pablo suffered severe injuries that ruined a potential acting career. Pablo's damages are estimated at $200,000. Select the BEST answer to the following questions: (1) What type of legal claim is Pablo likely to file
Business
1 answer:
mart [117]3 years ago
6 0

Answer: See explanation

Explanation:

Based on the information that was provided in the question, Pablo’s case with regards to the scenario given will be regarded as a civil case due to the fact that Drew is being sued.

The Federal court will be the court where the case will hold. This is due to the fact that the parties involved are from different states. While Pablo is from New Mexico, Drew is from California. For speeding, a criminal case can also be brought against Drew.

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During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers' wag
ella [17]

Answer:

$7,750

Explanation:

The computation of the net income for the first year is shown below:

but before that following calculations needed

The Cost of production is

= Direct material + Direct labor + Manufacturing overhead

= $11,625 + $11,000 + $10,000

= $32,625

The Unit product cost is

= $32,625 ÷  7,250 units

= $4.50 per unit

Now  

Cost of goods sold = Number of units sold × cost per unit

= 4,500 units × $4.50

= $20,250

And, finally

Net Income = Sales revenue - COGS - general, selling, and administrative expenses

= (4,500 units × $7) - $20,250 - $3,500

= $7,750

3 0
3 years ago
According to the Securities and Exchange Commission (SEC), a person should be considered to be a temporary insider if that perso
maksim [4K]

Answer:

The correct answer is letter "D": misappropriation theory.

Explanation:

The misappropriation theory states that someone who uses insider information in trading securities is guilty of securities fraud. That person could be convicted for insider trading because this is a deceptive practice. This theory aims to protect the securities markets with equal accessibility to information.

4 0
3 years ago
When should a coder assign placeholder x for a code in ICD-10-CM
GalinKa [24]

The putting of the “x” in addition to the code set (CM or PCS) involved determines what it designates in each condition, but this can be unclear for those learning the system. Undoubtedly, learning a new code set will show a test to coders, and consuming multiple meanings for a letter makes it even tougher.

7 0
3 years ago
Vasguez Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $20,000 CR. During 2020, it wrote off $14,400
Ket [755]

Answer:

a. $14,200

Explanation:

The computation of the bad debt expense is shown below:

Balance in Allowance for doubtful Accounts = Opening Balance in Allowance for Doubtful Account - Accounts Wrote Off  + Bad debts recovered

= $20,000 - $11,400 + $4,200

= $9,800

And, Closing Balance is

= $480,000 × 5%

= $24,000

So, the bad debt expense is

= $24,000 - $9,800

= $14,200

We simply applied the above calculations

5 0
4 years ago
You are considering two independent projects that have differing requirements.
Ugo [173]

Answer:

I will accept Project "B."

Explanation:

Though, Project B has a higher required Return on Investment ROI which is 13.5% but has a progressive increasing cash flow of Project B has an initial cost of $70,000 and cash flows of $15,000, $18,000, and $41,000 for Years 1 to 3, respectively.

<em>Analysis of the Cash Flow: </em>

<em>$18,000.00 - $15,000.00 = $3,000.00</em>

<em>$41,000.00 - $18000.00 = $23,000.00.</em>

<em>∴ with Initial Outlay of $70,000.00</em>

<em>$3,000.00 + $23,000.00 = $26,000.00</em>

<em>while </em>

<em>Project A has a retrogressive trend of cash flow of $21,000.00</em>

<em>∴$49,000.00 - $21,000.00 = $28,000.00</em>

<em>$28,000.00 - $12,000.00 = $16,000.00</em>

<em />

<em>Therefore comparing the two figures from Project A & B respectively:</em>

<em>Project A = $16,000.00</em>

<em>Project B = $26,000.00</em>

<em>It shows a deficit of $10,000.00 for Project B & surplus of $10,000.00 for Project A in the 3 years of required ROI.</em>

4 0
3 years ago
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