The first step a court takes in choosing a remedy is to determine
A)what interest it is trying to protect
B)if the damages can be quantified with reasonable certainty.
C)if punitive damages should be awarded.
D)whether the injured party mitigated its damages.
A
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Answer the following statement true (T) or false (F)
Which of the following items is included on a statement of cash flows as a noncash exchange?
a. Depreciation b. Issuance (sale) of common stock c. Purchase of treasury stock d. Retirement of long-term debt by issuance of preferred stock
Mike is planning on incorporating his business in the state of Delaware. Which of the following regarding the name of Mike's business is TRUE?
a. He will be able to use the words "Association" or "Institute" in his company name. b. He will not be able to use abbreviations (such as Inc. or Corp.) in his company name. c. His company name will not have to include one of the following words: Corporation, Incorporated, Company or Limited. d. His company name can be the same as another corporation that already exists in Delaware.
Handbags R Us sells designer and everyday priced handbags
Top management is deciding which product line to emphasize. Company accountants have provided the following data: Designer Per Item Everday Per Item Average Sales Price $250 $95 Average Variable Costs 100 25 Average Contribution Margin 150 70 Average Fixed Costs (allocated) 30 10 Average Operating Income $120 $60 The store has 5,000 square feet of floor space. If the company emphasizes everyday handbags, it can display 1,000 items in the store. If the store emphasizes designer handbags, it can display only 680 items, These numbers are also the average monthly sales in units. Prepare an analysis to show which product the company should emphasize. Explain your answer. (Do not round intermediate answers.) What will be an ideal response