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Hitman42 [59]
2 years ago
8

The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-yea

r-old boy jumped in their pool and was injured. The boy’s family will MOST likely sue the Gregors for what?
Business
1 answer:
d1i1m1o1n [39]2 years ago
8 0

The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.

<h3>What is a fence?</h3>

A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.

If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.

Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.

To learn more about the Gregor family in the mentioned link:

brainly.com/question/10680266

#SPJ1

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Journalize the entries to record the following selected transactions:
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Answer:

   General Ledger                   Dr.          Cr.

1.   Cash                                 $65,940

    Sales Tax Payable                           $3,140

    Sales                                                 $62,800

2.  Cost of Goods Sold        $37,500

    Merchandise Inventory                    $37,500

3.  Sales Tax Payable          $39,650

    Cash                                                  $39,650

Explanation:

Sales tax is subject to 5% which is

Sales Tax  = $62,800 x 5% = $3,140

Total Cash received = $62,800 + $3,140 = $65,940

Cost of the merchandise sold is recorded in the cost of goods sold account.

Tax is paid in cash and Tax payable liability is reduced by a debit entry.

6 0
3 years ago
On December 31, Sulfur Corporation has the following data available: Net Income $140,000 Market price of one share of common sto
Lostsunrise [7]

Answer:

Earnings per share

= <u>Net income - Preferred dividend</u>

  No of common stocks outstanding at the end

= <u>$140,000  - $36,000</u>

         160,000

= $0.65 per share

Explanation:

Earnings per share is the ratio of profit available for distribution to common stock holders to number of common stocks outstanding. Profit available for distribution to common stock holders is the diffrence between net income and preferred dividend.

6 0
3 years ago
What examples of participative decision making exist in your workplace?
Scrat [10]
To which employers allow or encourage employees to share or participate in organizational decision-making
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A debit memorandum is: The source document for the purchase of merchandise inventory. The document a seller issues to inform the
frosja888 [35]

Answer:

The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records.

Explanation:

A debit memorandum is a notice to a client that a debit change to their accounts has been made, decreasing the amount of the available funds. Bank transactions, incremental billing, or internal offsets are the three primary reasons for issuing a debit memo.

Therefore according to the given option, the correct option is fourth and the same is to be considered

6 0
3 years ago
g The perfectly competitive firm faces a downward sloping demand curve. a horizontal supply function. perfectly elastic demand.
egoroff_w [7]

Answer:

Option C (perfectly elastic demand) seems to be the correct alternative.

Explanation:

  • Large companies manufacture similar products which cannot be separated from those manufactured by certain rivals.  
  • Price increases become decided on the market as well as firm price changes, marketing their production at either the current market value. Increasing organizations face a relatively elastic consumer surplus equivalent to something like the sale value.  

All other alternatives in question are not relevant to the unique scenario. But that's the correct answer above.

6 0
2 years ago
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