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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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You’re prepared to make monthly payments of $175, beginning at the end of this month, into an account that pays 7 percent intere

lara31 [8.8K]

Answer:

86 payments approximately

Explanation:

First;

Find the monthly average interest rate,

=7%/12

=0.0058333333

Second;

Add the monthly average interest rate to the monthly payment

= $175 + 0.0058333333

= $175.00583333 (average total monthly balance)

Third;

Divide final account balance by the average total monthly balance

= 15,000 / 175.00583333

=85.71 payments.

3 0

2 years ago

Pam works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly fu

const2013 [10]

Answer:

(D). Visibly punish unethical acts

Explanation:

Ethics refer to how people conduct themselves morally. Each organization has an Ethical Code they expect their employees to abide by.

When employees act outside an organization's Code of Ethics, then punishing them visibly is a way to serve as a deterrent to other employees.

Employees should also be openly rewarded when they act in accordance to the Code of Ethics to encourage others to do the same.

In this case, Pam's company is using visible punishment to maintain its ethical culture and send a message to the other employees.

5 0

2 years ago

If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero when 15,000 units are sold.

Firlakuza [10]

B false
Hope this helps

6 0

2 years ago

Universal Electronics, Inc. (UEI), which started operations one year ago, has two divisions: Consumer and Commercial. Both divis

spayn [35]

Answer:

Investments in both divisions are performing equally well at the ROI of 14% each.

Explanation:

The financial data in the question are merged together and they are first sorted before the question is answered as follows:

Consumer ($) Commercial ($)

Sales revenue 22,000 37,000

Divisional income 3,850 3,885

Divisional investment 27,500 27,750

Current liabilities 1,000 800

R&D 1,000 1,000

The answers are now as follows:

Divisional ROI = Divisional income / Divisional investment

Consumer division ROI = $3,850 / $27,500 = 0.1400, or 14%

Commercial division ROI = $3,885 / $27,750 = 0.1400, or 14%

This shows that investments in both divisions are performing equally well at the ROI of 14% each.

8 0

2 years ago

Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i

Tju [1.3M]

Answer:

correct option is C. it's a good time to buy the wood.

Explanation:

given data

slab = 10 feet

cost Tee Time = $5,000

$500 US dollars = $738 NZ dollars

solution

If they import timber from New Zealand. Tea Golf Resort pays less than $ 5000 to import Wood from New Zealand at the current exchange rate. This is a good time for them to import forests

we get here current exchange rate of 1 dollar that is as

US $500 = NZ $738

so $1 = $\frac{738}{500}$

$1 = NZ $1.476

current exchange rate is $1 = NZ $1.476

10 foot slab costs $5000

so Tee Golf Resort will pay is

Tee Golf Resort pay = $\frac{5000}{1.476}$

Tee Golf Resort pay = $3387.53

so correct option is C. it's a good time to buy the wood.

3 0

1 year ago