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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

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KIM [24]

En Ramli mungkin boleh membuat pinjaman bank untuk tujuan membangunkan perniagaan bagi menjana pendapatan yang lebih banyak...dia juga bolehlah menyemak lokasi yang membuat jualan promosi atau memberi diskaun terhadap barangan sekolah

6 0
3 years ago
On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no
Lostsunrise [7]

Answer:

The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.

Explanation:

According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.

Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600

5 0
3 years ago
Mandel transferred property to his new corporation in a section 351 transaction. Among the several properties transferred by Man
JulsSmile [24]

Answer:

False

Explanation:

§ 351 establishes that businesses shall not recognize any capital gain or loss from property transferred to them in exchange of stocks or partnership share. So the businesses have to record this type of transactions at their fair market value and not their tax basis.

5 0
3 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $654,000. Chan records it
allsm [11]

Answer and Explanation:

The journal entries are shown below:

On December 31

Bad debt expense Dr  $5,232      ($654,000 × 0.80%)

      To Allowance for doubtful debts  $5,232

(To record the bad debt expense)  

On Feb 01

Allowance for doubtful debts Dr $327

     To Account receivable $327

(To record the uncollectible amount)

On June 5

Account receivable $327

         To Allowance for doubtful debts Dr $327

 (To record the uncollectible amount)

On June 5

Cash Dr $327

  To Account receivable $327

(To record the cash received)

7 0
3 years ago
In China, state control of media is high, so companies are challenged to find ways to get their message to customers. This demon
Ivanshal [37]

This demonstrates a difficulty in crafting a global communication strategy.

The question says that the nation of China is very much controlling the media in the country. This has made it difficult for businesses to communicate with their users.

This here tells us about the issue of communication. The companies may have issues sending message across to all of its customers due to the media problem.

This problem may be more difficult in a case where the business is a foreign market.

Read more on brainly.com/question/15696678?referrer=searchResults

3 0
2 years ago
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