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Gurminder Singh
Answers (6)
GS
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Some jurisdictions have instituted "no fault" insurance programs. Which of the following statements is true?
A) Under common law, if a person is not at fault, damages can always be recovered in tort.
B) No fault insurance means no compensation for loss.
C) No fault insurance assumes there is a voluntary assumption of risk.
D) There is always an assumption of contributory negligence under no fault insurance programs.
E) Under no fault programs, people are treated the same and compensated for their injuries whether they are at fault or not.
A) Under common law, if a person is not at fault, damages can always be recovered in tort.
B) No fault insurance means no compensation for loss.
C) No fault insurance assumes there is a voluntary assumption of risk.
D) There is always an assumption of contributory negligence under no fault insurance programs.
E) Under no fault programs, people are treated the same and compensated for their injuries whether they are at fault or not.
On Jul 22, 2024
E
GS
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Assume that three identical units of merchandise are purchased during October, as follows: 
Assume one unit is sold on October 31 for $28. Determine cost of goods sold, gross profit, and ending inventory under the FIFO method.
Assume one unit is sold on October 31 for $28. Determine cost of goods sold, gross profit, and ending inventory under the FIFO method.On Jul 21, 2024
GS
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Compare and contrast the different strategies for growth and diversification. Explain the conditions and circumstances in which each of them is best suited.
On Jun 22, 2024
Organisations pursue growth strategies to increase in size and expand its current operations. One approach to growth is through concentration, where expansion is within the same business area. Another approach to growth is through diversification, where expansion takes place through the acquisitions of, or investment in, new and sometimes different business areas. A related diversification involves growth by acquiring new businesses or entering business areas that are related to what the organisation already does. Unrelated diversification involves growth by acquiring businesses or entering business areas that are different to what the organisation already does. Diversification can also take the form of vertical integration, where a business seeks added value creation by acquiring suppliers (backward integration) or distributors (forward integration).
A retrenchment strategy involves reducing the scale of current operations. The most extreme retrenchment strategy is liquidation, when operations cease due to the complete sale of assets or the declaration of bankruptcy. A less extreme strategy of retrenchment is to go through a restructuring process, which changes the scale and/or mix of operations to gain efficiency and improve performance. Restructuring is sometimes accomplished by downsizing which decreases the size of operations with the intent to become more streamlines. Restructuring by divesture involves selling off parts of the organisation to refocus on core competencies, cut costs and improve operating efficiency.
A retrenchment strategy involves reducing the scale of current operations. The most extreme retrenchment strategy is liquidation, when operations cease due to the complete sale of assets or the declaration of bankruptcy. A less extreme strategy of retrenchment is to go through a restructuring process, which changes the scale and/or mix of operations to gain efficiency and improve performance. Restructuring is sometimes accomplished by downsizing which decreases the size of operations with the intent to become more streamlines. Restructuring by divesture involves selling off parts of the organisation to refocus on core competencies, cut costs and improve operating efficiency.
GS
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FIFO is the inventory costing method that follows the physical flow of the goods.
On Jun 20, 2024
True
GS
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What was the West Division's minimum required return in August?
A) $45,600
B) $42,200
C) $53,618
D) $8,018
A) $45,600
B) $42,200
C) $53,618
D) $8,018
On May 22, 2024
A
GS
Answered
A schedule of vouchers payable is prepared from the unpaid voucher file.
On May 21, 2024
True