Ginger attacks Richard and cuts him with a knife. He sues Ginger. The jury awards Richard $50,000 for medical expenses and lost time at work and adds $100,000 to the award because Ginger was so vicious. The $100,000 is called: A. punitive damages B. compensatory damages C. nominal damages D. an equitable remedy E. none of the other choices

Answer: A. punitive damages

Explanation:

Punitive damages are awarded by a court in order to further punish the guilty party for their actions which according to the court shows that the party committed the crime intentionally.

They are awarded on top of the compensatory damages and are usually larger than the compensatory damage. The compensatory damage here is the $50,000 that was awarded for medical expenses which means that the $100,000 is for punitive damages.

Grant Corporation is looking to purchase a building costing $1,300,000 by paying $500,000 cash on the purchase date, and agreeing to make payments every quarter for the next five years. The first payment is due three months after the purchase date. Grant's borrowing rate for this transaction is 8% (this is an annual interest rate). Required: Calculate how much each of the payments should be.

Ocean Company estimated that April sales would be 150,000 units with an average selling price of $6.00. Actual sales for April were 149,000 units, and average selling price was $6.12. The sales revenue flexible budget variance was: A. $6,120 favorable. B. $17,880 favorable. C. $6,000 unfavorable. D. $17,880 unfavorable.

Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contribution margin of $8. If product X is discontinued, $45,000 in fixed monthly overhead costs would be eliminated and there would be no effect on the sales volume of Seidman Company's other products. If product X is discontinued, Seidman Company's monthly income before taxes should:

Suppose an economy has two industries producing corn (c) and tractor (t). The production functions for the two industries are.

Yc = min (Lc/2, Kc/1) and Yt = min (Lt/2.5, Kt/3),

where Li and Ki are the amount of labor and capital used in industry i (i = c, t). Constraints for labor and capital endowments are given as follows:

Lc + Lt ≤ 63 and Kc + Kt ≤ 42.

Derive the production transformation curve and show the output vector (Yc, Yt) that corresponds to full employment of both factors? (10 marks)

What range of output price ratio (Pc/Pt) is consistent with the full employment of both factors simultaneously? (10 marks)

Which of the following adjustments to convert net income to net cash provided by operating activities is incorrect? Add to Net Income Deduct from Net Income A. Accounts Receivable decrease increase B. Prepaid Expenses increase decrease C. Inventory decrease increase D. Accounts Payable increase decrease

2. Discuss innovation as an entrepreneurial trait and the role of innovation in Wow Momo's
success.​

Although RICO was passed to prevent gangsters from taking money they earned illegally and investing it in legitimate businesses, it is now often used against businesspeople who break the law.
a) true
b) false

Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming year. Dividends are expected to decline at the rate of 2% per year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. The stock of Old Quartz Gold Mining Company has a beta of -0.25. The intrinsic value of the stock is

Yesterday, a company announced an unexpected decrease in dividend from $.0.10 per share to $0.09. The share price probably

A. fell because the change conveyed negative information about the firm’s future cash flows.
B. was unaffected because it is a small change and investors and managers do not worry about small changes in dividends.
C. rose because the investors would now receive more returns via capital gains and these gains are taxed at a lower rate.
D. rose because the decrease indicated the managers’ desire to de-emphasize dividends.

Giorgio Italian Market bought $6,600 worth of merchandise from Food Suppliers and signed a 90-day, 8% promissory note for the $6,600. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.) Multiple Choice Debit Cash $6,732; credit Notes Receivable $6,732 Debit Notes Receivable $6,600; credit Cash $6,600 Debit Cash $6,600; debit Interest Receivable $132; credit Sales $6,732

Most agency matters are resolved through adjudication.


False

True

Select the true statement about interest rate risk. It stems from the fact that bond prices and market interest rates are inversely correlated. It is the risk that a bond's coupon payment will fall if market interest rates fall. Interest rate risk is particularly problematic for investors who do not wish to sell their bonds. Shorter-term bonds are more sensitive to interest rate risk than longer-term bonds.

Analysis of Transactions Charles Chadwick opened a business called Charlie's Detective Service in January 20--. Set up T accounts for the following accounts: Cash; Accounts Receivable; Office Supplies; Computer Equipment; Office Furniture; Accounts Payable; Charles Chadwick, Capital; Charles Chadwick, Drawing; Professional Fees; Rent Expense; and Utilities Expense. The following transactions occurred during the first month of business. Record these transactions in T accounts. After all transactions are recorded, foot and balance the accounts if necessary. (a) Invested cash in the business, $30,369. (b) Bought office supplies for cash, $379. (c) Bought office furniture for cash, $5,320. (d) Purchased computer and printer on account, $8,118. (e) Received cash from clients for services, $2,850. (f) Paid cash on account for computer and printer purchased in transaction (d), $3,615. (g) Earned professional fees on account during the month, $9,322. (h) Paid cash for office rent for January, $1,303. (i) Paid utility bills for the month, $889. (j) Received cash from clients billed in transaction (g), $6,442. (k) Withdrew cash for personal use, $2,823.

A company has developed a new gadget. If the gadget is successful, the present value of the payoff (at the time the product is brought to market) is $6.2 million. If the gadget fails, the present value of the payoff is $1.80 million. If the gadget goes directly to market, there is a 50 percent chance of success. Alternatively, the company can delay the launch by one year and spend $0.25 million to test-market the product. Test-marketing would allow the company to improve the product and increase the probability of success to 75%. The appropriate discount rate is 11%. Should the firm conduct test-marketing?

a. No, because NPV is lower by $0.25 million
b. No, because NPV is lower by approximately $0.31 million
c. No, because NPV is lower by approximately $0.11 million
d. Yes, because NPV is higher by approximately $0.34 million
e. Yes, because NPV is higher by approximately $0.19 million

Rebecca wants to start her own hair salon as a side business. In order to do so, she needs to buy a professional hair dryer for $700.00 and hair coloring supplies for $232.00. She believes she will be able to schedule 18 clients in per week. If she wants to begin making a profit at the end of two weeks, how much will each client need to pay Rebecca for their hair

On March 1, Bartholomew Company purchased a new stamping machine with a list price of $87,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $3,000; sales tax paid, $6,520; installation costs, $1,850; routine maintenance during the first month of operation, $2,900. What is the cost of the machine

Citizen suits allow an individual to do all of the following except _____.


bring a lawsuit against a company or business for violating an environmental regulation

prevent the citizen from bringing a lawsuit against the Environmental Protection Agency (EPA)

force the party in violation of the law to pay civil penalties

force the party in violation of the law to comply with it

A player in a game theoretic model is: a. anyone working for a firm that is operating strategically b. a firm that is operating as a perfect competitor c. a decision-making entity at a firm involved in a strategic game d. a monopolist who produces a unique product with no close substitutes e. a stockholder at a firm involved in a strategic game

Identify whether each of the following statements is or is not a provision of Occupational Safety and Health Act (OSHA).

a. Employers can be cited and fined for not complying with OSHA workplace standards.
b. OSHA is authorized to enter, after a one-month delay, any factory, plant, establishment, construction site or other areas, workplace, or environment where work is performed by an employee of an employer to inspect or investigate.
c. OSHA is authorized to inspect and investigate during work hours at any place of employment and all pertinent conditions and to question privately any employer, owner, operator, agent, or employee.

PRODUCT MIX DECISION, SINGLE CONSTRAINT
Sealing Company manufactures three types of DVD storage units. Each of the three types requires the use of a special machine that has a total operating capacity of 15,000 hours per year. Information on the three types of storage units is as follows:
Basic Standard Deluxe
Selling price $9.00 $30.00 $35.00
Variable cost $6.00 $20.00 $10.00
Machine hours required 0.10 0.50 0.75
Sealing Company's marketing director has assessed demand for the three types of storage units and believes that the firm can sell as many units as it can produce.
Required:
1. How many of each type of unit should be produced and sold to maximize the company's contribution margin? What is the total contribution margin for your selection?
2. Now suppose that Sealing Company believes that it can sell no more than 12,000 of the deluxe model but up to 50,000 each of the basic and standard models at the selling prices estimated. What product mix would you recommend, and what would be the total contribution margin?

Looking forward to next year, if Digby’s current cash amount is $17,478 (000) and cash flows from operations next period are unchanged from this period and Digby takes ONLY the following actions relating to cash flows from investing and financing activities:
Issues $2,000 (000) of long-term debt
Pays $4,000 (000) in dividends
Retires $10,000 (000) in debt
Which of the following activities will expose Digby to the most risk of needing an emergency loan?
a. Purchases assets at a cost of $25,000 (000)
b. Sells $10,000 (000) of their long-term assets
c. Liquidates the entire inventory
d. Pays a $5.00 per share dividend

On the first day of 2021, Paccar had 100,000 shares of common stock outstanding. The following transactions occurred during 2021: March 1: Reacquired 2,000 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 11,000 new shares for cash. December 31: Reported a net income of $287,750. Required: Calculate Paccar's basic earnings per share for the year ended December 31,

what are examples of body language​

If you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non-advertising firm will earn $5 million. If you and your rival plan to be in business for only one year, the Nash equilibrium is: _______.
a. for your firm to advertise and the other not to advertise.
b. for neither firm to advertise.
c. for each firm to advertise.
d. None of the answers is correct.

Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC has net income of $287,000 after deducting Robert's $86,100 salary. In addition to his compensation, ABC pays Robert dividends of $200,900.
a. What is Robert's qualified business income?
b. Would your answer to part (a) change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050?

in 2020, Mathis Co. at the first year of operations, has financial income of $1,200,000. It has an litigation expense of $3,000,000, and installment sales of $2,4000,000. The estimated litigation expense of $3,000,000 will be deductible in 2022 when it is expected to be paid. The installment sales will be realized in the amount of $1,200,000 in each of the next two years. The income tax rate is 20% for all years. what is tax payable for 2020

Batteries, Offshore Wind Lead Clean Energy Cost Cuts As Renewables by Mike Scott Batteries, Offshore Wind Lead Clean Energy Cost Cuts As Renewables Continue To Undercut Coal And Gas Batteries can store energy from solar or wind farms for use when the wind is not blowing or the sun is not shining. The transition to a low-carbon energy system is a few steps closer after two technologies that were immature and hugely expensive only a few years ago saw spectacular gains in cost-competitiveness in the last year. New research from Bloomberg NEF (BNEF) shows that the cost of lithium-ion batteries has fallen by 35% over the past year to $187/MWh, while the cost of offshore wind is almost a quarter (24%) lower than this time 12 months ago.
Meanwhile, the costs of installing the more established technologies of onshore wind and photovoltaic (PV) solar also continued to fall. The levelized cost of energy for onshore wind projects starting construction at the start of this year was $50/MWh, 10% lower than a year ago, while solar projects are 18% cheaper at 57/MWh.
Elena Giannakopoulou, head of energy economics at BNEF, commented: "Looking back over this decade, there have been staggering improvements in the cost-competitiveness of these low-carbon options, thanks to technology innovation, economies of scale, stiff price competition and manufacturing experience.
"Our analysis shows that the LCOE per megawatt-hour for onshore wind, solar PV and offshore wind have fallen by 49%, 84% and 56% respectively since jobs that coal-and gas-fired power stations and nuclear, currently do.
Battery energy storage co-located with solar and wind farms are starting to be competitive with coal and gas power, even without subsidies, in providing "dispatchable power" that can be delivered when it is needed, rather than only at the time it is being generated when the wind is blowing or the sun is shining. Battery storage can provide back-up power for renewable projects for anything from one to four hours at a time, BNEF says. Tifenn Brandily, energy economics analyst at BNEF, said: "Solar PV and onshore wind have won the race to be the cheapest sources of new 'bulk generation' in most countries, but the encroachment of clean technologies is now going well beyond that, threatening the balancing role that gas-fired plant operators, in particular, have been hoping to play." The advance of offshore wind is also hugely significant, because the technology has long been seen as an expensive generation option in the near term compared to onshore wind or solar PV, although it was hoped that in time the possibility of using bigger turbines and floating platforms, coupled with the stronger and steadier winds at sea would lead to sharp cost reductions. But those costs have come down much more quickly than forecast thanks to technological advances, larger turbines and auction programs for new capacity - offshore wind is now below $100/MWh globally, with some European projects coming in well below that, compared to more than $220 just five years ago. Siemens Gamesa has just announced its 10MW turbines will be used in the world's first subsidy-free offshore wind project, Vattenfall's Hollandse Kust Zuid 1 & 2 scheme. "The low prices promised by offshore wind tenders throughout Europe are now materializing, with several high-profile projects reaching financial close in recent months. Its cost decline in the last six months is the sharpest we have seen for any technology,"Giannakopoulou said.
What type of cost are batteries for the renewable-energy industry?
A. explicit cost.
B. variable cost.
C. implicit cost.
D. fixed cost.
E. marginal cost.

Year 1 2 3 4 5 Free Cash Flow ​$22 million ​$26 million ​$29 million ​$30 million ​$32 million General Industries is expected to generate the above free cash flows over the next five​ years, after which free cash flows are expected to grow at a rate of ​% per year. If the weighted average cost of capital is ​% and General Industries has cash of ​million, debt of ​million, and 80 million shares​ outstanding, what is General​ Industries' expected current share​ price?

Which era came immediately after World War II?

Conclusions and recommendations are the most widely read sections of any report. Conclusions summarize and explain your findings and are the heart of your report. The ability to draw sound conclusions and make clear recommendations from your research is crucial to business success. Companies value employees who can analyze data and use it to help answer questions and solve problems.
1. When drawing conclusions, make sure you (use consistent evaluation criteria / are open to sensationalization or exaggeration / avoid relating them to the initial report problem).
Consider the scenario, and then answer the question.
You are making recommendations after researching and writing a report on sports club discounts and employee health.
2. What should you remember about your reader before preparing your recommendations?
A. Readers prefer specific, practical recommendations.
B. Readers may want to know how to implement the suggestions.
C. Readers should have no influence on how your recommendations are developed.
D. Readers prefer that your recommendations be shared indirectly.
E. Readers want to know how your data relate to the problem being studied.
Determine whether each of the following statements is the finding, the conclusion, or the recommendation.
Employee attrition rate after four years with our company is 35 percent, which is 17 percent higher than that of our aspirational peers. Typical employee promotions occur after five years in our company and after four years in competitive firms.
3. This is the (conclusion / finding / recommendation) .
We are losing trained and promising employees more often than our competition due to slow promotion practices within our company.
4. This is the (conclusion / finding / recommendation) .
Implement a leadership development program for promising new employees, and decrease the time before employees are eligible for promotion in order to retain the most promising employees.
5. This is the (conclusion / finding / recommendation) .