Answer:
b. Special damages
Explanation:
Damages are remedies paid to claimants or plaintiffs as compensation for loss or injury caused by the defendant.
Special damages compensate the claimant for quantifiable monetary losses which can be either direct losses or consequential damages. For example the cost of replacement of damaged property is categorized as a direct loss and lost earnings relates to consequential damages.
The $100,000 worth of porcelain that was damaged is a direct loss which may be recovered by CraftCo under special damages.
Answer and Explanation:
The product life cycle stages of a product shows the growth of the product from its introducing level to further pathway. In the first stage of product life cycle the product is just launched and sales is less because people are not aware of the product. In the second stage, sales increasing due to the advertisement and the absence of competitors. In the third stage, sales of the product is increasing at a diminishing rate because of the increase of competitors. And in the final stage, the sales of the product decline due to the stiff competition.
Here am taking the product life cycle stages of Nokia and Maggi noodles.
Nokia enters the first stage of product cycle when the Nokia phone is introduced in the economy in 1995 to 2002. The second stage i.e. growth stage is from 2003 to 2009. The maturity stage is from 2009 to 2011. After 2011 it faces decline stage. In the introduction stage Nokia launched the model with capable of sending an receiving messages. And in the second stage they launched phones without external antenna and also had better features of games, alarm,displays etc. And in the third stage, launched a lot of touch screen models but that not compete with the new brands. A good will company faces decline stage only because of the wrong decisions such as when all other mobile companies move and the popularity of android increases, Nokia and its windows phone failed to attract consumers.
While considered the product life cycle stages of Maggi noodles. In the introductory stage, high failure rates with the lowest acceptance from the consumers. In the growth stage, they offered more sizes,flavors and options. In 2003, they reaches the maturity stage. Then it faces long run drop in sales. The lack of essential nutrients and the increase in prices and the mismatch of their flavors with Indian taste are the main drawbacks made by the Nestle company in the case of Maggi noodles.
Suggestions;
The companies must increase the market penetration strategies by increasing the advertising strategies. They also conducted marketing survey before launching a new product.Attractive advertisements attract consumers. Innovations of new products with different flavors also increase the growth of the product. Above all, there should be make changes in the features of products with the changing environment of the economy.
Answer:
B. $300,000
Explanation:
The computation of the reduction of retained earning amount is shown below:
= Number of shares of common stock × stock dividend percentage × market value
= 1,000,000 shares × 6% × $5
= $300,000
Since the dividend amount is adjusted while computing the ending balance of retained earning balance and the same is to be considered in the computation part.
All other information which is given is not relevant. Hence, ignored it
On a linear demand curve, if the price is low and the quantity demanded is high, demand is Inelastic in that region and a price increase will cause an increase in total revenue
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. [1] The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. [2] The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is a component of the Equity section of the balance sheet in accounting, and revenue raises equity.
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In an audit of inventories, an auditor would least likely verify that all inventory owned by the client is on hand at the time of the count.
An auditor no longer assumes all inventories to which the auditee has a name to be available a the date of the depend. A few bought goods may also still be in transit at that time. Additionally, some stock may be on consignment or in public warehouses through properly included in the county.
An audit is an "impartial exam of monetary statistics of any entity, whether or not profit oriented or now not, no matter its size or legal form whilst such an exam is performed so one can explicit an opinion thereon.”
An auditor is a person or a firm appointed with the aid of an employer to execute an audit. to act as an auditor, someone should be licensed by means of the regulatory authority of accounting and auditing or possess sure detailed qualifications.
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