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mart [117]
2 years ago
13

A man purchased a new power boat with an inboard engine from a boating supply store. The boating supply store properly inspected

the boat before delivery, but did not detect a virtually invisible manufacturing defect in the boat's steering mechanism. Later that summer, the man was entertaining some friends on his boat on a lake near a dam. There were some warning pylons near the dam, warning boaters to stay clear. The man decided to show off for his friends by weaving his boat in and out of the warning pylons. As he rounded the last of them, the steering mechanism of his boat jammed, and the boat crashed into the dam. The man was severely injured. The man brings an action for damages against the boating supply store on a theory of strict liability in tort in a jurisdiction that does not apply its comparative fault rules to strict liability actions. Who will prevail
Business
1 answer:
Vlada [557]2 years ago
8 0

In this scenario with the boat the person that would prevail is the man that bought the boat.

<h3>The reason why the man would prevail</h3>

This is due to the fact that the people that sold him the boat should have made sure that they were not selling a defective item.

The accident was not the fault of the man. The defect should have been well detected and dealt with before the sale of the boat.

Read more on defects here:

brainly.com/question/14857303

#SPJ12

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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p
photoshop1234 [79]

Answer:

                                       SONIC INC.

                                     SALES BUDGET

                        FOR THE MONTH ENDING JUNE 30

Product and Area   Unit sales volume   Unit selling Price  Total sales

<u>Rumble</u>

Midwest Region           12,000                      $160                  $1,920,000

South Region                <u>14,000</u>                      $160                 <u>$2,240,000</u>

Total                              <u>26,000</u>                                               <u>$4,160,000</u>

<u>Thunder</u>

Midwest Region          3,500                         $200                  $700,000

South Region               <u>4,000</u>                        $200                   <u>$800,000</u>

Total                              <u>7,500</u>                                                    <u>$1,500,000</u>

Total Revenue from sales = $4,160,000  + 1,500,000 = 5,660,000

2.                                                SONIC INC.

                                      PRODUCTION BUDGET

                               FOR THE MONTH ENDING JUNE 30

                                                      UNITS RUMBLE       UNITS THUNDER

Expected unit to be sold                  26,000                           7,500

Add: Desired Inventory June 30      <u>  500 </u>                             <u> 250</u>

Total                                                   26,500                            7,750

Less: Estimated Inventory June 1     <u>   750  </u>                           <u>  300</u>

Total units to be produced              <u> 25,750</u>                          <u> 7,450</u>

7 0
3 years ago
Name one thing you're afraid of when you think of college and career.
dangina [55]

Answer:

finances

Explanation:

College is expensive and people that go to college have an expectation of landing a great paying job.  Reality is that is not always the case.  Often leading to a long time of paying of student debts.

7 0
3 years ago
Shelley wants to cash in her winning lottery ticket. She can either receive six, $193,000 semiannual payments starting today, or
Oxana [17]

Answer:

$1,045,517.95

Explanation:

Data provided in the question:

Semiannual payments = $193,000

Number of semiannual payments, n = 6

Annual interest rate, i = 6% = 0.06

when compounded semiannually = 6% ÷ 2 = 3% = 0.03  

Now,

Single Payment = Semiannual payments × PVAF

here,

PVAF = [ 1 - (1 + i )⁻ⁿ ] ÷ i

or

PVAF = [ 1 - (1 + 0.03 )⁻⁶ ] ÷ 0.03

or

PVAF = 5.4172

Therefore,

Single Payment = $193,000 × 5.4172

= $1,045,517.95

3 0
4 years ago
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist__
miss Akunina [59]

Answer:

raises;larger;decrease;always.

Explanation:

Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.

A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;

- Single seller.

- Profit maximizer.

- Price maker.

- High barriers to entry for others.

- Price discrimination.

- No close substitutes or competition.

3 0
3 years ago
Question 4 of 8 &gt; For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggrega
sdas [7]

Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).

A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.

What is short run and long run aggregate supply?

The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.

To learn more about aggregate supply here

brainly.com/question/29349235

#SPJ4

7 0
2 years ago
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