What is relevant evidence as defined by FRE 401? What will be ...

[vicotolentino]

What is relevant evidence as defined by FRE 401?
 
  What will be an ideal response?

Question 2

CVP computations.
 
  Fill in the blanks for each of the following independent cases.
 
  Case
  Revenues Variable Costs
  Fixed Costs
  Total Costs Operating Income Contribution Margin Percentage
  a. 800 1,200 1,000
  b. 2,400 400  700
  c.  900 500  900
  d. 1,800 400 50

[carojassy25]

Answer to Question 1

According to FRE 401, relevant evidence must have the tendency to make a fact more or less probable than it would be without the evidence, and the fact must be of consequence in determining the action. As a general principle, all relevant evidence is admissible unless it is inadmissible due to another rule of evidence or law. FRE 403 allows relevant evidence to be excluded if its probative value is substantially outweighed by danger of unfair prejudice, of confusing or misleading the jury, or of wasting the court's time. The presentation of evidence is subject to objection by the opposing party. The basis of an objection must be stated (for example, prejudice or hearsay) and will be ruled on by the court-overruled or sustained. In addition to probative value exclusions, many social policies operate to exclude relevant evidence.

Answer to Question 2

Variable Fixed Total Operating Contribution Contribution
Revenues Costs Costs Costs Income Margin Margin
a. 2,200  800 400 1,200 1,000 1,400 63.64
b. 2,400 1,300 400 1,700 700 1,100 45.83
c. 900 500 400 900 0 400 44.44
d. 1,800 900 400 1,300 500 900 50.00