Strict liability

The four key changes that were apparent in the HCA’s results were that revenue increased 8.5 percent to $8.434 billion, compared to $7.769 from the previous year. The revenue growth was attributed to patient volumes and patient utilization at the organizations facilities. Admissions increased 7.4 percent, a substantial percent increase from the previous year. Their cash flow from operations totaled $1.263 billion compared to $1,387 billion the year before. The facility emergency room visits…

ORIGIN OF LOSS: Insured has presented a mold report from KATHRYN L. PASCALE, INC. 1302 SW 1st AVENUE FORT LAUDERDALE, FL 33315 Office: (954) 524-3910. The mold report was attached to the loss notice so I have not attached to this report. The mold report states there is mold in a wall under window in common area. It also states there is mold under sink and cabinet should be removed to determine extent of damages. The report also found mold in AC closet and recommended it be removed by…

he Income Summary account is used to Close the revenue and expense accounts. The income summary account is a transitional account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or loss that the business incurred during the period. Thus, shifting revenue out of the income statement means debiting the revenue account for the total amount of revenue…

Martin Luther King Jr once said “True peace is not merely the absence of tension, it is the presence of Justice” (*****). In layman terms, the concept of justice is really the concept of balance and the glue that holds society together (****2). It is the idea of people getting what is right, fair, and appropriate based on their actions. It drives proper behaviors by upholding the righteous and punishing what is wrong and evil. Justice holds all men accountable to one another to perform their…

rule to be subject to strict scrutiny, it must show that the law or its implementation was meant to be discriminatory and that would determine whether the law is unconstitutional. In the Supreme Court case San Antonio School District v. Rodriguez, parents from the Mexican-American community brought a lawsuit before the courts stating the State’s system of funding schools based on property taxes denied students in poor districts equal protection. The court relied on strict judicial scrutiny to…

Basic journal entries The following transactions pertain to the Jennifer Royall Company: May 1 Jenni¬fer Royall invested cash of $25,000 and land valued at $15,000 into the business. Cash…. $25.000 and Land $15,000= Owner’s equality $ 40,000 5 Provided $1,000 of services to Jason Ratchford, a client, on account. Account receivable $1,000 Revenue $1,000 9 Paid $1,250 of salaries to an employee. Salary Expensive $1,250 Cash $1,250 14 Acquired a new computer for…

The two men had tentatively discussed the possibility that Northrop Bank might extend a line of credit to Cartwright Lumber up to a maximum amount of $465,000. Cartwright thought that a loan of this size would more than meet his foreseeable needs, but he was eager for the flexibility that a line of credit of this size would provide. After this discussion, Dodge had arranged for the credit department of Northrop National Bank to investigate Mark Cartwright and his company. The Cartwright…

If we use the debt ratio formula which is “Debt Ratio = Total liabilities/ Total assets” we can calculate how much the company’s assets are debt and if you do the calculations we the following numbers .346 for 2011, .329 for 2012 and 2.99 for 2013. With the numbers decreasing it means that the company has less dependence…

percent. May be small, but these changes certainly had a big contributed to the overall gaining of the company and says that its operations through the common size income statement are surely better. The statement of financial position puts the liabilities, equity, and assets into percentages of the group as a…

Financial Condition Liquidity Ratio: In figure 1, the current ratio illustrates Imperial Brands ability to pay their current liabilities. Imperial Brands were not likely to pay their current liabilities in 2012 and 2013, since a current ratio that is below 1 is not a good sign. However, their current ratio increased significantly in 2014 and 2015, since their current liabilities reduced and their current assets increased. Moreover, Imperial Brands’ current ratio is lower than the industry…