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2 years ago

Which of the following statements is not correct regarding restitution?

Business

1 answer:

astraxan [27]2 years ago

6 0

Answer:

The false statement is letter "D": The impact of restitution is to allow a promisee to recover the value of services he gave to the defendant irrespective of whether he would have lost money on the contract and been unable to recover in a suit on the contract.

Explanation:

In Law, restitution implies returning the monetary value loss of property to the party affected after a trial. Restitution implies returning the material goods a defendant could have taken from the plaintiff or compensating that person in monetary value for the damages caused.

Only in the case there was property loss, restitution plays like a grant there will be a compensation for the damages. If there are not significant damages or if no monetary pact was signed in a contract, there is no reason why a plaintiff should ask for restitution.

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Dorsey Company’s partial worksheet for the month ended March 31, 2019, is shown below. Open the owner’s capital account (account

Irina18 [472]

Answer:

Net income is $6,100.

Net book value of Equipment is $21,200

Current assets is $25,400

Current liabilities is $9,900

Working capital will therefore be $15,500

Net Assets is $36,700

Capital Less owners drawings is $30,600

Retained earnings is $6,100

Total owners fund is therefore is $36,700

Explanation:

Adjusted trial balance

Fees income (cr) $24,600

Sales and expense (Dr.) $13,800

Rent expense (Dr.) $1,600

Suppliers expense (Dr.) $900

Depreciation (Dr.) $2,200

Equipment (Dr.) $32,000

Accumulated depreciation (cr.) $10,800

Cash (Dr.) $8,900

Accounts receivable (Dr.) $11,800

Supplier (Dr.) $4,700

Accounts payable (Cr.) $9,900

Capital (Cr.) $34,000

Drawings (Dr.) $6,100

Total debit $79,300

Total credit $79,300

5 0

2 years ago

Illinois Furniture, Inc., produces all types of office furniture. The "Executive Secretary" is a chair that has been designed

viktelen [127]

Answer:

hello your question is incomplete attached below is the missing table to your question

Illinois Furniture, Inc., produces all types of office furniture. The "Executive Secretary" is a chair that has been designed using ergonomics to provide comfort during long work hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks

answer : a) 9.6 minutes

b) 5 work stations

c) choose initial task and task with maximum task time

d) 21 minutes

Explanation:

A) cycle time for the production of a chair

cycle time = (production time available per day ) / ( unit demand per day )

= 480 minutes / 50 chairs

= 9.6 minutes ≈ 10 minutes

B) theoretical minimum number of workstations

= Total task / cycle time

where total task = (4 + 7 + 6 + 5 + 6 + 7 + 8 + 6 ) = 49 minutes

cycle time = 9.6 minutes

hence theoretical minimum number of workstations = 49 / 9.6 = 5.1

≈ 5 workstations

C ) Assignment of tasks to workstations

attached below

you will choose the initial/first task and also the task with maximum tax time

D) For the process the total idle time per cycle

total idle time = summation of all idle times for the 8 tasks = 21 minutes

Task A, C = 0 minutes

Task B = 3 minutes

Task E = 4 MINUTES

Task F = 3

Task G = 2

Task H = 4

Task D = 5

6 0

2 years ago

Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on he

mario62 [17]

Answer: Bank B is the better investment. In 10 years, her $2,000 will grow to $4,317.85, and with bank A, her $2,000 will grow to $3,700.

Explanation:

Bank A was offering 8.5% simple interest. $2000 with 8.5% simple interest. = A = P(1 + rt)

A = 2000(1+(0.085*10))

= 2000(1+0.85)

= 2000(1.85)

= 3,700

Bank B was offering 8% compounded annually

= A = P(1+r/n)^nt

A= 2000(1+8%/1)^1*10

A= 2000(1+0.08)^10

A= 2000(1.08)^10

A= 2000*2.1589

= 4,317.85

8 0

2 years ago

Read 2 more answers

On June 30, 2018, the High Five Surfboard Company had outstanding accounts receivable of $600,000. On July 1, 2018, the company

attashe74 [19]

Answer:

The Journal entry is as follows:

On July 1,

Cash A/c Dr. $439,200

Finance charge Expense A/c Dr. $10,800

To Financing arrangement A/c $450,000

(To record the amount of borrowings)

Workings:

Finance charge expense = ($600,000 × 1.8%)

= $10,800

So, cash account = $450,000 - $10,800

= $439,200

4 0

2 years ago

If it costs $100000 to put on an event for four weeks (28 consecutive nights) how much revenue per night is needed to make $2000

12345 [234]

Answer:

the answer would 4285.7142 per night

8 0

2 years ago

Read 2 more answers