Answer:
The given statement is "False".
Explanation:
Monopolistic competition has become a category of imperfectly competitive markets because too many production companies promote goods that vary widely from everyone else and however aren't mutually complementary. A company has taken as it were the costs incurred by some of its competitors as well as chooses to disregard the influence of its exchange rates mostly on rates of several other companies.Then the above obvious response is the right on
Bettner, Inc., is a calendar year corporation whose financial statements for 2015 and 2016 included errors as follows:
Year Ending Inventory Depreciation Expense
2015 $ 12,000 overstated $ 22,300 overstated
2016 8,000 understated 6,000 understated
Assume that inventory purchases were recorded correctly and that no correcting entries were made at December 31, 2015, or December 31, 2016. The errors were discovered in 2017, after the 2016 financial statements were issued.
Required:
Ignoring income taxes, prepare the journal entry Bettner would make in 2017 to correct the errors.
Answer:
i. For the Understatement of Inventory - Rectification
Journal Entry Debit Credit
Inventory A/c $8,000
To Profit and loss adjustment a/c $8,000
ii. To Rectify overstatement of Depreciation Expense
Journal Entry Debit Credit
Profit and loss adjustment A/c $16,300
To Depreciation Expense $16,300
(22,300 - 6,000)
What are the factors that affect individual productivity?
Answer:
The factors that affect individual productivity is described below in details.
Explanation:
Important Factors Influencing Employee Productivity:
Work Environment: An employee’s work conditions affect their attitude, energy, and overall production in your organization. Processes: Processes, or their inadequacy, has a tremendous influence on organizational potency.Goals: Clearly illustrated work goals are great for boosting potency levels because they’re dimensions of productivity themselves.The Gorman Group issued $880,000 of 13% bonds on June 30, 2018, for $946,202. The bonds were dated on June 30 and mature on June 30, 2038 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30.
Required:
Record the company's journal entry.
Answer:
Missing word: "a. to record their issuance by The Gorman Group on June 30, 2018, b. interest on December 31, 2018 and c. interest on June 30, 2019 (at the effective rate)."
Par value of bonds = $880,000
Semi annual interest payment = 880,000 x 13% x 6/12 = $57,200
Effective interest rate = 12%, Semi annual Effective interest rate = 6%
Issue price of bonds = $946,202
Premium on bonds payable = Issue price of bonds - Par value of bonds = $946,202 - $880,000 = $66,202
a. Journal Entry on June 30, 2018
Date Account Debit Credit
6/30/2016 Cash 946,202
Bonds payable 880,000
Premium on Bonds payable 66,202
b. Journal Entry on on December 31, 2018
Date Account Debit Credit
12/31/2016 Interest expense 56,772
(946,202 x 6%)
Premium on bonds payable 428
(57,200 - 56,772)
Cash 57,200
c. Journal Entry on on June 30, 2019
Date Account Debit Credit
6/30/2019 Interest expense 56,746
(945,774 x 6%)
Premium on bonds payable 428
(57,200 - 56,746)
Cash 57,200
Activity
After graduating from college, Susan decides to live with her parents for a year. She decides to live at home so that she could build up her savings
before renting a place on her own or with a roommate. She will pay her parents $500 per month to contribute to rent, laundry, cable, and food.
She earns $2500 every month after taxes and deductions for social security and insurance. She has a car payment of $300 per month, $150 for car
insurance, $500 for her student loans, and $100 for her cell phone. Her father convinces her to start saving for retirement at $50 per month.
Susan is fond of shopping and when she is out with her friends, they usually make a day of it. They usually dine out. She spends about $500 per
month on shopping and another $400 on dining out. When Susan takes sandwiches to work for lunch on those last few days before her next
paycheck, she wonders where all the money goes and why she doesn't seem to be able to save for her own place.
Use any online budgeting tool to record Susan's expenses and find out what can she do to save money for her place.
Answer: After graduating from college, Susan decides to live with her parents for a year. She decides to live at home so that she could build up her savings
before renting a place on her own or with a roommate. She will pay her parents $500 per month to contribute to rent, laundry, cable, and food.
She earns $2500 every month after taxes and deductions for social security and insurance. She has a car payment of $300 per month, $150 for car
insurance, $500 for her student loans, and $100 for her cell phone. Her father convinces her to start saving for retirement at $50 per month.
Susan is fond of shopping and when she is out with her friends, they usually make a day of it. They usually dine out. She spends about $500 per
month on shopping and another $400 on dining out. When Susan takes sandwiches to work for lunch on those last few days before her next
paycheck, she wonders where all the money goes and why she doesn't seem to be able to save for her own place.
Use any online budgeting tool to record Susan's expenses and find out what can she do to save money for her place.
The effective operation of a firm and its supply chain is more important than the design and implementation of its processes.
True False
Answer: False
Explanation:
The above statement is false. The design and implementation stage is vital as well as thus is the point where a particular product is designed and where the project will be executed.
A product can only be supplied to the customers if such product has give through the design and implementation phase. This implies that the phase is if importance.
Case studies can _________ be cross-representational from company to company.
rarely
always
never
usually
Marginal Cost of Producing Pies
$1,60
$1.40
$1.20
Marginal Cost
$1.00
$0.80
$0.60
SO 40
S020
S0.00
O Pies
1 Pies
5 Pies
6 Pies
2 Pies 3 Pies 4 Pies
Quantity Supplied
According to the graph, the marginal cost begins to increase when the producer makes
O two pies
O three pies
O four pies
O five pies
Save and Exit
Next
Mark this and return
Su
Answer:
O four pies
Explanation:
Marginal cost is the expenses associated with the production of an extra item. It the cost attached specifically to the production of one more unit.
From the graph, the marginal rise sharply from 0 units to 1 rapidly. Usually, the marginal cost of the 1st unit is equal to its cost price. The second item's marginal cost is the difference between the cost price of the second item and the first item.
From the graph, the marginal cost starts to rise after the fourth item. The marginal cost of the fourth item is the difference between the fourth and third item.
Answer: C) FOUR PIES
What can a speaker do to ensure that they are respectful of their audience, especially when speaking to a skeptical audience or an audience that has different values than their own?
ANSWER
Always state the facts pertaining to your speech.
Always avoid stereotypes during a speech.
Never bash or be bias.
Remain objective.
Have respect for the people and their values as well as beliefs .
Explanation:
The difference between the income
received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by
nonresidents in the domestic territory of a country is known as:
Select one:
a. Net Factor Income from Abroad
b. Capital consumption allowances
c. Depreciation
d. Subsidy
= Net Factor Income from Abroad
The difference between the income received from abroad for rendering factor services and income paid for the factor services rendered by nonresidents is known as Net Factor Income from Abroad. Thus the correct option is (B).
What is Income?Income refers to the money received by the individual over a period of time. In Business, income refers to the revenue generated after selling the goods and services to the customers.
Net factor Income from abroad refers to the income received from aboard after providing the services by the residents of the country to the rest of the world minus income paid for taking services from the domestic country.
Thus the correct option is (B).
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what do Librarians need to do after they have jobs?
a. attend conferences where they train other librarians
b. volunteer in schools to advise students about how to use libraries
c. slowly share their knowledge with librarians in other locations
d. continually train to stay up to date on information technology developments
The action that a Librarians need to do after they have jobs is to continually train to stay up to date on information technology developments.
Who is a librarian?In a education sector, the "librarian" is an officer who is responsible for overseeing the daily operations of their library, either at the public or private level. They also work within a schools, religious institutions, in government libraries and research facilities.
Some of the typical roles and responsibilities of a librarian includes:
They provide a customer service for library usersThey provide suggestions to library users about new booksThey help the library users to check out booksThey oversee the team of assistant librarians and library aidsThey also help to develop fun and education programs for youths and adultsIn conclusion, the action that a Librarians need to do after they have jobs is to continually train to stay up to date on information technology developments. Therefore, the Option D is correct.
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Answer:
D.
Explanation:
Edge 2023
Gross Profit Method: Estimation of Flood Loss
On November 21, 2016, a flood at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex. Hodge estimates that all usable damaged goods can be sold for $9,200. The following information was available from Hodge's accounting records for Product Tex:
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016, to date of flood 131,000
Net sales from November 1, 2016, to date of flood 250,000
Based on recent history, Hodge had a gross margin (profit) on Product Tex of 30% of net sales.
Required:
1. Prepare a schedule to calculate the estimated loss on the inventory in the flood, using the gross profit method.
HODGE COMPANY
Calculation of Estimated Loss on Inventory
in the Flood Using Gross Margin (Profit) Method
November 21, 2016
$
$
Estimated cost of goods sold
$
$
$
2. The gross profit method may not provide an accurate estimate of ending inventory when:
Answer:
Hodge Company
Calculation of Estimated Loss on Inventory in the
Flood Using Gross Margin (Profit) Method
November 21, 2016
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016 $131,000
to date of flood
Cost of goods available for sale $227,000
Estimated cost of goods sold:
Net sales from November 1, 2016 $250,000
to date of flood
Less: Estimated gross margin $75,000 $175,000
(250,000 * 30%)
Estimated cost of inventory at date of flood $52,000
Less: Salvage goods $9,200
Estimated loss on inventory in the flood $42,800
A 2014 survey of 1,500 top managers, showed that only approximately _____% of companies achieved breakthrough innovation.
Group of answer choices
a. 10
b. 20
c. 15
d. 5
e. 2
Answer:
c
Explanation:
Consider two economies that are identical, with the exception that one has a high marginal propensity to consume (MPC) and one has a low MPC. If the money supply is increased by the same amount in each economy, the high MPC economy will experience:
Select one:
a. a smaller increase in output and a
smaller decrease in the interest rate.
b. A larger increase in output and a
smaller decrease in the interest rate.
c. a larger increase in output and a
larger decrease in the interest rate.
d. A smaller increase in output and a larger decrease in the interest rate
= A larger increase in output and a
smaller decrease in the interest rate.
If the money supply is increased by the same amount in each economy, the high MPC economy will experience b. A larger increase in output and a smaller decrease in the interest rate.
What does a high MPC imply?A high MPC implies increased consumption while a low MPC shows increased savings.
Two factors that increase MPC include:
Readily available credit Lower interest rates.Thus, if the money supply is increased by the same amount in each economy, the high MPC economy will experience b. A larger increase in output and a smaller decrease in the interest rate.
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When a product price increases, why does the substitution effect encourage a consumer to buy less of a product?
a) It works because other products are now relatively more expensive than they were before.
b) It works because the product is now relatively more expensive than it was before.
c) It works because when the price of one good increases, the consumer’s income effectively increases.
d) It works because the real income of the consumer has been increased.
When a product price increases, the substitution effect encourages a consumer to buy less of a product because the product is now relatively more expensive than it was before. Thus the correct option is B.
What is a product?A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
When a product's price increases, consumers may transfer to less expensive alternatives, which results in a decline in sales known as the substitution effect.
The substitution effect encourages a consumer to purchase less of a product when the price of the product increases since the product is now comparatively more costly than it was before.
Therefore, option B is appropriate.
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If the government issued license to pollute a total of 1,600 tons of emissions, the market price to emit 1 ton of emissions would equal:___________.
Answer:
$450 per ton.
Explanation:
The government has allowed to pollute 1600 ton of emission. The business has secured license from the government to run its business activities and drain the polluted waste in the sea. The total pollution allowed is 1600 tons and the cost of securing the license is $720,000. The cost per ton of emission would be $450.
If the velocity of money is 3 and the amount of narrow money is $1.56 billion, what would be the nominal GDP?
Select one:
a. $8.5 trillion
b. $4.68 billion
c. $4.68 trillion
d. $5.68 billion
= 4.68 billion
Answer:
c. $4.68 trillion
Explanation:
Narrow money refers to the physical money coins and notes within an economy. It is a way of measuring the money that is available for immediate spending in the economy.
The velocity of money is the rate at which money circulates in the economy. Therefore, the velocity of money is a measure of the number of times narrow money circulates in the economy per period.
If the velocity of money is 3, narrow money circulates three times, meaning the value of GDP will be the velocity of money multiplied by narrow money
=3 x 1.56 billion
=4.68 billion
Scientist of OB recognize that
organisations are not static but
dynamic and_________
Select one
a. Processing
b. Systematic
c. Researching
d. Ever changing
= Ever changing
Explanation:
the answer is = Ever changing
Five firms exist in the Liagiba industry. Their respective market shares are 35, 25, 15, 15, and 10 percent. Five firms exist in the Haras industry. Their respective market shares are 35, 30, 25, 8, and 2 percent.
Required:
What is the Herfindahl index for the both industries?
Answer:
Liagiba industry = 2400
Haras industry = 2818
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
Liagiba industry = 35² + 25² + 15² + 15² + 10² = 1225 + 625 +225 + 225 + 100 = 2400
Haras industry = 35² + 30² +25² + 8² + 2² = 1225 + 900 + 625 + 64 + 4 = 2818
Jamestown Furniture Mart, Inc., sold $ 80,000 of furniture in May to customers who used their American Express credit cards. Such sales are subject to a 3 per cent discount by American Express (a nonbank credit card).
Required:
a. Prepare journal entries to record the sales and the subsequent receipt of cash from the credit card company.
b. Do the same as requirement (a), but assume the credit cards used were VISA cards (a bank credit card).
Answer:
a. Debit Bank for $77,600; Debit Sales discount for $2.400; and Credit Sales for $80,000.
a. Debit Bank for $80,000; and Credit Sales for $80,000.
Explanation:
a. Prepare journal entries to record the sales and the subsequent receipt of cash from the credit card company.
The journal entry will look as follows:
Accounts Title Debit ($) Credit ($)
Bank (97% * 80,000) 77,600
Sales discount (3% * 80,000) 2.400
Sales 80,000
(To record sales paid for by the customer using American Express credit cards.)
b. Do the same as requirement (a), but assume the credit cards used were VISA cards (a bank credit card).
Under this scenario, the sales are NOT subject to discount and the customer will 100% of the price.
The journal entry will therefore look as follows:
Accounts Title Debit ($) Credit ($)
Bank 80,000
Sales 80,000
(To record sales paid for by the customer using VISA cards.)
Is $1970.00 rental income debit or credit
13.) An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 6% yields, what yield must municipals offer for the investor to prefer them to corporate bonds
Answer:
the yield that must offer for the investor in order to prefer them is 4.2%
Explanation:
The computation is shown below:
The after tax yield is
= Corporate bond yield × (1 - tax rate)
= 6% × (1 - 0.30)
= 6% × 0.70
= 4.2%
hence, the yield that must offer for the investor in order to prefer them is 4.2%
The same is relevant
In Mexico each unit of resource can produce either one professional computer or 3 computer games. Mexico has 30 units of this resource.
a. Draw Mexico's production possibilities curve.
b. What is the opportunity cost of on professional computer?
c. Is the production of professional computers subject to constant or increasing opportunity cost?
d. Which of the goods being produced is considered a capital good?
e. In the absence of trade, should Mexico increase production of professional computers or computer-games if it desires more rapid economic growth?
Answer:
Explanation:
From the information given:
(a)
The total production available for the professional computers at the time Mexico uses all resources for production = 30
The total production of computer games at this time = 3 × 30 = 90
Thus, from above, the production possibility curve can be seen in the image attached below.
(b)
The opportunity cost of one professional computer is three computer games. This because, for them to produce one more computer, it is required that they give up three computer games.
(c)
Yes, it is subject to Increasing.
This because the opportunity cost of 1 computer = 3 games
For two computers = 2 × 3 games = 6 games
For three computers = 3 × 3 games = 9 games ... and so on.
(d)
Professional computer production is considered a Capital good.
(e)
Mexico should increase the production of professional computers because they help in more rapid economic growth.
The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $400,000 (40%) in taxes to Country Y. The subsidiary paid a dividend to the U.S. parent of $54,000. How much tax is currently owed to the U.S. government if the federal tax rate is 35%
Answer:
The tax currently owed to the U.S. government is:
$18,900
Explanation:
a) Data and Calculations:
Income generated by the foreign subsidiary = $1,000,000
Tax paid by the subsidiary in its country of residence = $400,000
Dividend paid to the U.S. parent = $54,000
Federal tax rate = 35%
Tax on the dividend = $18,900 ($54,000 * 35%)
b) The dividend of $54,000 is a foreign-source income earned by a U.S. parent corporation. This is this amount that will be subject to tax in the U.S. and not the net income of the subsidiary.
Silver Springs Company has an unfunded retiree health care plan. Each of the company's four employees has been with the organization since its inception at the beginning of 2020. As of the end of 2021, the actuary estimates the total net cost of providing benefits to employees during their retirement years to have a present value of $196,000. Each of the employees will become fully eligible for benefits after 28 more years of service, but aren't expected to retire for 30 more years. The interest rate is 8%. Required: 1. What is the expected postretirement benefit obligation at the end of 2021? 2. What is the accumulated postretirement benefit obligation at the end of 2021?
Answer:
1. The expected post-retirement benefit obligation at the end of 2021 is $196,000, the present value of total net costs of providing health care benefits.
2. Calculation of the accumulated post-retirement benefit obligation at the end of 2021 is as below:
APBO = EPBO * Full eligibility period / Attribution period
APBO = $196,000 * 2 / (2+28)
APBO = $196,000 * 2/30
APBO = $13066.66666666667
APBO = $13,066.67
Thus, accumulated post-retirement benefit obligation at the end of 2021 is $13,066.67.
QUESTION 10 of 10: Your business owns an old truck. Liability insurance is required; collision is optional. Collision insurance costs $500 per year. The old truck has a value of $750. You think the likelihood of having a serious collision in a year is about 10%. Should you get the collision insurance? O a) Yes Ob) No
the answer for this question is No
hope this helps
Answer:
no
Explanation:
I had this one.
In the case of an expansionary_____policy, the interest rate rises, while in the case of an expansionary _____ policy, the interest rate falls.
Select one:
a. fiscal; monetary
b. monetary, monetary
c. monetary, fiscal
d. fiscal; fiscal
= fiscal; monetary
With an expansionary fiscal policy, the interest rate rises, while with an expansionary monetary policy, the interest rate falls.
What is an Expansionary fiscal & monetary policy?This is when an increases in money supply is stimulated by raising spending or cut taxes while the latter is when the cost of borrowing i reduced to stimulate an economy.
Therefore, the Option A is correct.
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Assume, for Mexico, that the domestic price of oranges without international trade is lower than the world price of oranges. This suggests that, in the production o! oranges:________
a. Mexico has a comparative advantage over other countries and Mexico will export oranges.
b. Mexico has a comparative advantage over other countries and Mexico will import oranges.
c. Other countries have a comparative advantage over Mexico and Mexico will export oranges.
d. Other countries have a comparative advantage over Mexico and Mexico will import oranges.
Answer: Mexico has a comparative advantage over other countries and Mexico will export oranges
Explanation:
Based on the information given in the question, we can see that Mexico has a comparative advantage. This implies that Mexico can produce oranges at a lower opportunity cost when it is compared to other countries.
In this case, since Mexico has a comparative advantage over other countries, it implies that Mexico will export oranges.
Some students and scholars may owe money with their tax return. Nonresidents have which of the following payment options?
a. Ask for an extension of time to pay or an installment agreement.
b. Pay the entire balance by the due date for the return.
c. Put the balance on a credit card.
d. All of the above.
Answer:
d. All of the above.
Explanation:
In the case where certain students and academics owes their tax return money, the non-resident has the below payment options.
a. Either apply for a pay time extension or an agreement to pay on the basis of payments
b. Pay at the due date of the return the total sum
c. On the credit card, put the balance
Therefore by all of the above options they can be eligible
hence, the correct option is d.
Self-Study Problem 10-1 Master Budget
Hansell Company’s management wants to prepare budgets for one of its products, Duraflex, for July 2019. The firm sells the product for $91 per unit and has the following expected sales (in units) for these months in 2019:
April May June July August September
3,900 6,500 6,600 8,200 9,200 5,800
The production process requires 4 pounds of Dura-1000 and 2 pounds of Flexplas. The firm’s policy is to maintain an ending inventory each month equal to 10% of the following month’s budgeted sales, but in no case less than 500 units. All materials inventories are to be maintained at 5% of the production needs for the next month, but not to exceed 1,000 pounds. The firm expects all inventories at the end of June to be within the guidelines. The purchases department expects the materials to cost $1.25 per pound and $5.00 per pound for Dura-1000 and Flexplas, respectively.
The production process requires direct labor at two skill levels. The rate for labor at the K102 level is $50 per hour and $20 per hour for the K175 level. The K102 level can process one batch of duraflex per hour; each batch consists of 100 units. The manufacturing of Duraflex also requires one-tenth of an hour of K175 workers’ time for each unit manufactured.
Required:
On the basis of the preceding data and projections, prepare the following budgets:
a. Sales budget for July (in dollars).
b. Production budget for July (in units).
c. Production budget for August (in units).
d. Direct materials purchases budget for July (in pounds).
e. Direct materials purchases budget for July (in dollars).
f. Direct manufacturing labor budget for July (in dollars).
Answer:
a.-Sales Budget (in dollars).
Budgeted sales in units 6,000
Budgeted selling price per unit $40
Budgeted sales $240,000
b. Production Budget (in units)
Desired ending inventory (July 31)
(The higher of 100 and 7,000 x 0,1) 700
Budgeted sales for July 2002 + 6,000
Total units needed for July 2002 6700
Beginning inventory (July 1) -
(The higher of 100 and 6,000 x 0,1) 600
Units to manufacture in July 6100
C.-Production Budget (in units)
for August 2002
Desired ending inventory (8,000 x 0,1) 800
Budgeted sales + 7,000
Total units needed 7800
Beginning inventory - 700
Units to manufacture in August 7100
d.-Direct Materials Purchases Budget (in pounds)
For July 2002
Direct Materials
Dura-tOOO Flexplas
(4Ib. each) (2Ib. each)
d Materials required for budgeted
production (6,100 units of duraflex) 24,400 12,200
Add: Target inventories (lower of 1,000 or 5 percent of
August production needs) 1,420 710 1000 710
Total materials requirements 25,400 12,910
Less: Expected beginning inventories (lower of 1,000 orr 5 percent) . 1,220 610 1000 610
Direct materials to be purchased 24,400 12,300
e.Direct Materials Purchases Budget (in dollars) For July 2002
Budgeted Expected
Purchases Purchase
(Pounds) Price per Unit Total
Dura-lOOO 24,400 $1.25 $30,500
Flexplas 12,300 $5.00 $61,500
Budgeted purchases $92,000
Explanation:
The firm's policy is to maintain a minimum of 100 units of duraflex on hand at alltimes with no fewer than 10 percent of units on hand at the end of a period to meet
the expected sales for the following month. 100 10%
All materials inventories are to be maintained at 5 ercent of the production needs for the next month, 5% but not to exceed 1000 pounds 1000
The firm expects all inventories at the end of June to be within the Guidelines.
The purchase department expects the materials to cost $1.25 per pound $1.25 and $5.00 per pound of dura-lOOO and flexplas, respectively. $5.00
The production process requires direct labor at two skill levels. rate per unit The rate for labor at the K102 level is $50 per hour and $50.00 $0.50 for the K175 level is $20 per hour. $20.00
The K102 level can process one batch of duraflex per hour; 1 each batch consists of 100 units. 100 No. of units in one hour rate per unit
The manufacturing of duraflex also requires one-tenth of an hour of K175 workers' time 0.10 10.0 $2.00 for each unit manufactured.
Manufactured overhead is allocated at the rate of $200 per batch and $30 per $200.00 per batch DIirect labor-hour. $30.00 per direct labor-hour.
Suppose that the California legislature passes a law that severely restricts carbon dioxide emissions from automobiles in that
state. A group of automobile manufacturers files suit against the state of California to prevent the enforcement of the law. The
essentially the same as carbon dioxide emission standards. According to the automobile manufacturers, it is unfair to allow
ralifornia to impose more stringent regulation
automakers claim that a federal law already sets fuel economy standards nationwide and that fuel economy standards are
s than those set by the federal law. Using the information presented in the chapter,
answer the following questions. Are the plaintiffs seeking a legal remedy or an equitable remedy?
Answer:
The plaintiffs are seeking an equitable remedy.
Explanation:
Legal remedies basically involve monetary compensations, in other words, the non-breaching party (in this case case manufacturers) sue in order to receive money.
While equitable remedies do not involve monetary compensations, instead they seek other types of solutions.