1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liberstina [14]
2 years ago
10

High Sierras, LLC is incorpated in Nevada, but is headquatered near Squaw Valley in Nothern California. High Sierra could be sue

d in Nevada for it's alleged defective product if:
Business
1 answer:
serg [7]2 years ago
4 0

High Sierra, LLC, which is incorporated in Nevada but headquartered in Northern California, could be sued in Nevada for its alleged defective product if <u>D. Sells its products</u> to Nevada residents using the USPS for delivery.

<h3>What is a defective product?</h3>

A defective product is one that causes injury to the consumer thereby incurring product liability.  Product defects can arise from:

  • Design
  • Manufacturing
  • Marketing.
<h3>Answer Options:</h3>

A. It maintains a sales agent with a small satellite office in Carson City, Nevada.

B. It runs radio ads advertising its product on a Las Vegas radio station.

C. Its sales representatives regularly fly out of Reno, Nevada when heading out on business trips.

D. Sells its products to Nevada residents using the USPS for delivery.

Thus, High Sierra could be sued in Nevada for <u>Option D</u>.

Learn more about defective products at brainly.com/question/26421253

You might be interested in
_____ is an integrated system that collects and processes data and manages and coordinates resources, information, and functions
Delvig [45]

Answer:

Enterprise resource planning is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.

8 0
3 years ago
Read 2 more answers
Find the after-tax return to a corporation that buys a share of preferred stock at $47, sells it at year-end at $47, and receive
kipiarov [429]

Answer:

5.80%

Explanation:

Computation of after-tax return

Based on the information given the total before-tax income will be $3.

Since the firm is in the 30% tax bracket this means that the taxable income will be calculated as:

Taxable income =(0.30 ×$3)

Taxable income = $0.9

The next step is to calculate for the Taxes

The taxes will be = (0.30 ×$0.9) = $0.27

Now let calculate for the After-tax income

After-tax income = ($3 - $0.27) = 2.73

The last step is to find the After-tax rate of return using this formula

After-tax rate of return =After-tax income/Share of preferred stock

Let plug in the formula

After-tax rate of return = ($2.73/$47)

After-tax rate of return=0.058×100

After-tax rate of return = 5.80%

Therefore After-tax rate of return will be 5.80%

4 0
3 years ago
Chapter 4
zalisa [80]

Answer: $800,000

Explanation:

Day sales Outstanding = 40 days

Annual sales = $7,300,000

Total days for the year = 365 days

We need to know the average sales per day which will be:

= $7,300,000 / 365

= $20,000

DSO = Account receivable / Average sales per day

40 = Account receivable / 20,000

Account receivable = 40 × 20,000

= $800,000

Therefore, the account receivable balance is $800,000

3 0
3 years ago
Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labon hours. Actual manufacturing over
Jobisdone [24]

Answer:

If overhead was overapplied, then the COGS should be debited overhead.

The correct answer is B.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 400,000 / 20,000

Predetermined manufacturing overhead rate= $20 per DLH

<u>Now, we allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 20*21,000

Allocated MOH= $420,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 415,000 - 420,000

Overapplied overhead= $5,000

If overhead was overapplied, then the COGS should be debited overhead.

3 0
3 years ago
The 5.3 percent bond of Dominic Cyle Parts has a face value of $1,000, a maturity of 12 years, semiannual interest payments, and
givi [52]

Answer:

$936.17

Explanation:

The current market price of the bond = present value of all coupon received + present value of face value on maturity date

The discount rate in all calculation is YTM (6.12%), and its semiannual rate is 3.06%

Coupon to received semiannual = 5.3%/2*$1000= $26.5

We can either calculate PV manually or use formula PV in excel to calculate present value:

<u>Manually:</u>

PV of  all coupon received semiannual = 26.5/(1+3.06)^1 + 26.5/(1+3.06)^2....+ 26.5/(1+3.06)^24 = $445.9

PV of of face value on maturity date = 1000/(1+6.12%)^12 = $490.27

<u>In excel:</u>

PV of  all coupon received semiannual =  PV(3.06%,24,-$26.5) = $445.9

PV of of face value on maturity date = PV(6.12%,12,-$1000) = 1000/(1+6.12%)^12 = $490.27

The current market price of the bond  = $445.9 + $490.27 = $936.17

Please excel calculation attached

Download xlsx
7 0
3 years ago
Other questions:
  • ___ costs are easily identified because a recent market transaction is available to provide an accurate measure of costs implici
    6·1 answer
  • You are responsible for staffing a decision-making team that must be able to share information openly and honestly to perform we
    12·1 answer
  • The Attaran Corporation manufactures two electrical​ products: portable air conditioners and portable heaters. The assembly proc
    13·1 answer
  • In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single w
    11·1 answer
  • An investor wishes to have $1,000 available in five years. How much should be invested today, if the current interest rate is 5
    5·1 answer
  • X Company had been depreciating a machine with an original cost of $125,000 and a salvage value of $15,000 over its estimated us
    12·1 answer
  • When a few domestic manufacturers of solar water heaters gained popularity in the country Likambea, solar water heaters replaced
    5·1 answer
  • A firm has a return on equity of 12.4 percent according to the dividend growth model and a return of 18.7 percent according to t
    13·1 answer
  • Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and
    12·1 answer
  • For each of the following scenarios involving the U.S. government, determine the primary function of government that is being se
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!