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Discussion topic 2: Commercial Damages
As the textbook authors point out, calculating commercial damages takes creative analysis as well as a step-by-step scientific approach. Each situation will be different.
What are the major categories of commercial damages?
Research one category and discuss what accounting records you would need to gather in order to perform the damage calculation.
Discuss the different approaches to damage calculations.
What calculation approach would you take in your example?
Suppose you had one of the three winning tickets in last week’s Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual instalments using an interest rate o..
Describe how the intended consequences of the legislation will positively and/or negatively impact the key health issue that it is tasked to affect once applied to a realistic environment. Differentiate between the manner in which the major tenets of..
The accompanying table shows a boat manufacturer’s total cost of producing boats. Quantity of Boats Total Cost 0 $ 450,000 1 $ 490,000 2 $ 510,000 3 $ 520,000 4 $ 540,000 5 $ 570,000 6 $ 610,000 7 $ 670,000 8 $ 750,000 9 $ 870,000 2. For each level o..
The initial price of a cup of tea is $1, and at that price, 400 cups are demanded. If the price falls to $0.90, the quantity demanded will increase to 500. Calculate price elasticity of demand for tea using the midpoint formula. Calculate the (point)..
If the price of 35 inch HDTVs declines by 20% and the total revenue from the sale of 35 inch HDTVs rises, what can you say about the price elasticity of demand for 35 inch HDTVs? Will this price reduction necessarily lead to an increase in profits fo..
Which strategy offers both Westinghouse and General Electric the best financial outcome. Among which of the following is an example of a good with an inelastic supply.
Opponents of the minimum wage point out that the minimum wage:
Consider an offshoring model in which Home’s high-skilled labor has a higher relative wage than Foreign’s high-skilled labor and in which the costs of capital and trade are uniform across production activities. Will Home’s offshored production activi..
What factor(s) in demographic segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..
A woman made 10 annual end-of-year purchases of $1500 worth of common stocks. The stock paid no dividends. Them after holding the stock for 5 years, she sold all the stock for $38,000. What interest rate did her investment earn?
Find the number of units of input L that maximizes the average product function. Determine the boundaries for the three stages of production.
Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.
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