The American tort system currently has two purposes which are:

A. Compensation and equity.
B. Equity and restitution.
C. Restitution and deterrence.
D. Deterrence and compensation.

Answer: D. Deterrence and compensation.

Business

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Cardec, Inc, a leading manufacturer of car spare parts, divided its manufacturing process into two

Departments - Production and Packing The estimated overhead costs for the Production and Packing departments amounted to $14,000,000 and $20,000,000, respectively. The company produces two types of parts - Part 1 and Part 2. The total estimated labor hours for the year were 40,000, and estimated machine hours were 35,000. The Production department is mechanized, whereas the Packing department is labor oriented. Calculate departmental predetermined overhead allocation rates. Production Packing Machine hours Labor hours Part 1 10,000 30,000 Part 2 25,000 10,000 35,000 40,000 What will be an ideal response

Business

If a wife inherits a mink coat from her grandmother before her marriage, that mink coat will be considered:

A) a marital asset. B) a separate asset. C) an item of divisible property. D) an item that can be included in community property.

Business