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Nikitich [7]
1 year ago
10

Fred Arden is tried in a criminal court and found innocent of the charge of theft. Shawn Finister, the victim of the alleged cri

me, sues Fred in civil court to recover damages for civil conversion. The tort claim involves the same act for which Fred was found innocent in the criminal court. Which of the statements below is false?
a. Although such suits may be brought, plaintiffs seldom do so because criminal defendants are often judgment proof.
b. The civil court filing must be dismissed because of the constitutional right against double jeopardy.
c. Fred could also be sued if he had been found guilty.
d. The suit may be brought and recovery is possible in part because the burden of proof is less demanding in a civil trial.
Business
1 answer:
Gekata [30.6K]1 year ago
6 0

Answer:

The civil court filing must be dismissed because of the constitutional right against double jeopardy.

Explanation:

Double jeopardy is the legal concept that protects a person from being tried again for the same or similar charge following his aquittal or conviction.

Fred Arden has been tried in criminal court and found innocent. Shawn is trying to sue him again for the same act in civil court.

This is against the rule of double jeopardy.

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The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
ikadub [295]

Answer:

The correct answer is the option C: the product is now relatively more expensive than it was before.

Explanation:

To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.

Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.

8 0
1 year ago
Brad, an employee for a sports marketing firm, feels he has been treated unfairly by the organization. He helped three other emp
lubasha [3.4K]

Answer:

Brad would likely to react by reducing the efforts on future projects.

Explanation:

In accordance with the equity theory, it states that if an employee feels or perceive inequity, then they will try to create equitable exchanges of their rewards and their efforts. The common reaction in this situation would be is to reduce the efforts on further or future project.

6 0
2 years ago
On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, r
sammy [17]

Answer:

1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.

Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

    Cr Bonds payable 40,000,000

2. Journalize the entries to record the following:

a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. Round to the nearest dollar.

discount on bonds payable = 2,717,938 / 20 coupons = $135,896.90

December 31, Year 1, first coupon payment

Dr Interest expense 1,535,896.90

    Cr Cash 1,400,000

    Cr Discount on bonds payable 135,896.90

b. The interest payment on June 30, Year 2, and the amortization of the bond discount,using the straight-line method. Round to the nearest dollar.

June 30, Year 2, second coupon payment

Dr Interest expense 1,535,896.90

    Cr Cash 1,400,000

    Cr Discount on bonds payable 135,896.90

3. Determine the total interest expense for Year 1.

$1,535,896.90

4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest?

yes, if the market rate is higher than the coupon rate, the bonds will sell at a discount.

5. (Appendix 1) Compute the price of $37,282,062 received for the bonds by using the present value tables in Appendix A at the end of the text. Round to the nearest dollar.

bond price = PV of face value + PV of coupon payments

  • PV of face value = $40,000,000 x 0.4564 (PV factor, 4%, 20 periods) = $18,256,000
  • PV of coupon payments = $1,400,000 x 13.590 (PV annuity factor, 4%, 20 periods) = $19,026,000

bond's market price = $18,256,000 + $19,026,000 = $37,282,000

6 0
2 years ago
Janice jacobs is planning for her retirement. she knows what assets and liabilities she has now and expects to have in the futur
VLD [36.1K]

The step in retirement planning that Janice is completing is "Developing a balanced budget based on her retirement income"

She is making a checklist of her expenses and income and what is the excess income she can keep for her interests. So, she is actually involved in making a budget for her retirement based on her income and anticipated expenses

3 0
2 years ago
The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is
allsm [11]

Complete question:

The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium

a. $8 and $12

b. $6 and $4

c. $16 and $9

d. $4 and $6

Answer:

$6 and $4  set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.

Explanation:

Given,

The marginal utility of the last unit of apples consumed = 12

The marginal utility of the last unit of bananas consumed = 8

Now ,

To find :

The market level for apples and bananas, respectively, will be compatible with the consumer's equilibrium:

= \frac{12}{3} = $6

= \frac{8}{2} = $4

$6 and $4  set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.

6 0
2 years ago
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