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marissa [1.9K]
2 years ago
7

Morgan sued Rachel over a motor vehicle accident, but they settled the case prior to the trial for $1,000. The lawsuit is now __

_____.
Business
1 answer:
Shtirlitz [24]2 years ago
7 0

Answer:

moot

Explanation:

If a case is settled prior to trial for any cash, we say that the lawsuit is now subject to debate, and it is commonly known as moot. In several law schools across the globe, students are taught how to deal with moot. However, it is not very easy to give a ruling concerning moot, this is because there is little or no practical evidence. It is at sometimes referred to as moot court.

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Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000
Umnica [9.8K]

Answer: C. Sebastian's economic profit is $4,000, and his accounting profit is $34,600.

Explanation:

Total Revenue = $50,000

Purchase of supplies = $15,000

Loan = $20,000 at 2% interest

Personal saving withdrawal = $20,000

Interest on personal savings = 3%

Accounting profit = Revenue - Expenses

Revenue = $50,000

Expenses = purchase in supplies + interest in loan

Expenses = $15,000 + (0.02 × 20,000)

Expenses = $15,000 + $400 = $15,400

Accounting profit = $50,000 - $15,400 = $36,600

Economic Profit = Accounting profit - Opportunity cost

Here best opportunity foregone = $30,000

Interest forgone on personal saving= $20,000 X 0.03 = $600

Total opportunity cost = $30,000 +$600 = $30,600

Thus Economic Profit = $34,600 - $30,600

= $4,000

7 0
2 years ago
Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own bus
ohaa [14]

Answer: $4,000

Explanation: Economic profit can be defined as the difference between the total revenues generated from operations and cost incurred plus any opportunity cost taken.

Opportunity cost is the cost of next best alternative foregone, that is loss of profits that occurred due to choosing one alternative over other. In the given case loss of interest and loss of highest salary are opportunity cost for Jacqui .

Hence,

economic profit = revenues - (interest + salary)

                        =  $50,000 - ($1000 + $45,000)

                        = $4,000

7 0
2 years ago
We are evaluating a project that costs $2,040,000, has a life of 7 years, and has no salvage value. Assume that depreciation is
OleMash [197]

Answer: best case Nvp $2,943,304,509.57

Worse case NVP

-$2, 601,609,39

3 0
2 years ago
Read 2 more answers
John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabir each cont
irinina [24]

Answer:

state statutes

Explanation:

Usually, if the LLC's operating agreement didn't specify how the profit would be distributed, state statutes determine that the profits must be divided equally among members.

LLC are separate entities form their owners, they are authorized and created by the state's statutes, and they become legal entities in the state where they have their offices and operate.

4 0
2 years ago
Mayan Company had net income of $32,670. The weighted-average common shares outstanding were 9,900. The company declared a $4,60
Lana71 [14]

Answer:

The correct option is A ,earnings per share is $2.84

Explanation:

Earnings per share is given earnings attributable to ordinary shareholders divided weighted average common shares.

The net income needs to be adjusted to reflect only earnings distributable to common shares.

Earnings to common stocks=$32670-$4600

                                              =$28070

Weighted average common shares=9900

Earnings per share=$28070/9900

                                =$2.84 per share

Option B is wrong because it calculated earnings per share with net income instead of earnings of common shareholders($32670/9900=$3.30)

4 0
2 years ago
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