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o-na [289]
3 years ago
13

Robert steals a truckload of plasma televisions that belong to Karson Electronics Store. He then resells it to Stu-Mart, which i

s unaware of the stolen nature of the goods. Karson Electronics Store then traces the plasma televisions to Stu-Mart. Robert is also arrested for the theft. Which of the following is true for Karson's legal course for reclaiming the televisions or recovering damages?A) Stu-Mart is a good-faith purchaser here and as such does not have to hand over the televisions to Karson.B) Stu-mart must hand over the televisions to Karson as its title to the goods is void.C) Karson's only recourse is against Robert to claim damages.D) Karson's cannot reclaim the goods, but can sue Stu-Mart for negligence and damages.
Business
1 answer:
Snezhnost [94]3 years ago
3 0

Answer: The answer is B

Explanation:

Stolen goods are those goods that the seller has no right under the law to sell to the buyer because the seller does not have the legal title over the goods. The goods was sold to the buyer who is unaware of the stolen nature of goods, but stu- Mart.could have asked for more information about the goods to know if truly Robert is the real owner of the goods before buying from Robert the truck load of plasma television in the first instance .But since stu- Mart has not done so, stu - Mart has not committed any offence that is criminal, the person who is criminally liable for the stolen of the truck load of the television is Robert whose hands of the law had caught and will be severely punished for the offence he had committed.

However, The law says that ,the buyer has to return the goods back to the original owner of the goods because his title to the goods is void .

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A heavy construction firm has been awarded a contract to build a large concrete dam. It is expected that a total of 8 years will
LekaFEV [45]

Answer:

Heavy Construction Firm

a. Sum-of-years-digits' Depreciation Schedule

Year           Cost             Depreciation   Accumulated    Net Book Value

                                          Expense       Depreciation

Year 1      $600,000       $120,000         $120,000          $480,000

Year 2     $600,000       $105,000        $225,000          $375,000

Year 3     $600,000        $90,000         $315,000          $285,000

Year 4     $600,000        $75,000        $390,000           $210,000

Year 5    $600,000        $60,000        $450,000           $150,000

Year 6    $600,000        $45,000        $495,000           $105,000

Year 7    $600,000        $30,000        $525,000            $75,000

Year 8   $600,000         $15,000         $540,000           $60,000

b. The Unit-of-Production Depreciation Schedule

Year           Cost             Depreciation   Accumulated    Net Book Value

                                          Expense       Depreciation

Year 1      $600,000       $150,000         $150,000          $450,000

Year 2     $600,000       $100,000        $250,000          $350,000

Year 3     $600,000       $100,000        $350,000          $250,000

Year 4     $600,000        $40,000        $390,000           $210,000

Year 5    $600,000        $20,000         $410,000           $190,000

Year 6    $600,000        $20,000        $430,000           $170,000

Year 7    $600,000        $55,000        $485,000            $115,000

Year 8   $600,000        $55,000         $540,000           $60,000

Explanation:

a) Data and Calculations:

Cost of special equipment for the dam construction = $600,000

Estimated useful life = 8 years

Salvage value of equipment = $60,000

Depreciable amount = $540,000 ($600,000 - $60,000)

Sum-of-the-years-digit = 36 (8 + 7 + 6 + 5 + 4 + 3 + 2 + 1)

Utilization Schedule for the Special Equipment:

Year Utilization (hr/yr)  Unit of Production                SYD Depreciation

1               6000                $150,000 (6,000 * $25)   $120,000 (8 * $15,000)

2              4000                $100,000 (4,000 * $25)   $105,000 (7 * $15,000)

3              4000                $100,000 (4,000 * $25)    $90,000 (6* $15,000)  

4              1600                  $40,000 (1,600 * $25)     $75,000 (5 * $15,000)

5               800                  $20,000 (800 * $25)       $60,000 (4 * $15,000)

6               800                  $20,000 (800 * $25)       $45,000 (3 * $15,000)

7            2200                  $55,000 (2,200 * $25)    $30,000 (2 * $15,000)

8            2200                  $55,000 (2,200 * $25)    $15,000 (1 * $15,000)

Total   21,600 hours

Depreciation rate per hour = $25 ($540,000/21,600)

Sum-of-the-years-digits depreciation rate = $15,000 ($540,000/36)

7 0
3 years ago
Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod
lys-0071 [83]

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit                                        $260

Less

estimated return (260x30%) =                    ($78)

Labor costs                                                    ($32)

Overhead costs                                            ($24)

Material                                                              $126      

Amount Mira can pay for Synthetic material per unit is $126

               

6 0
2 years ago
A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?
Bumek [7]
<span> <span>The liability created by receiving cash before providing the service or delivering the goods in question is called unearned revenue. In this case, the entity providing the goods/services records this transaction as revenue that has been generated but in real sense, the seller remains with the liability until after the actual delivery of the goods/services. The purpose of this practice can be advantageous to the seller in certain situations such as easing the burden of paying interest on debts.</span></span>
3 0
2 years ago
Activity-based costing accumulates overhead in one cost pool, then:_____.a. assigns the overhead to products and services by mea
Gekata [30.6K]

Answer:

c. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.

Explanation:

The activity based costing is the costing that helps to allocated the indirect cost or we can say the manufacturing overhead cost with the help of the many cost drivers  or the many activity cost pools

Like if we allocate the setup cost so we have to allocated with the number of machine setups.

For the inspection cost, the number of inspections is required so that the allocation could be done

5 0
3 years ago
Suppose a consumer is purchasing Coke and pretzels in quantities such that she is achieving consumer equilibrium. Then the price
mariarad [96]

Answer:

increase, decrease, increase

Explanation:

When know the net profit of all financial businesses is maximized, and the resource distribution must be effective and achievable, but there must be a consideration, market allocation must be competitive or well

so here when coke prices go up. The consumer will probably increase the consumption of coke and the marginal utility of the coke will decrease, while the overall utility of the coke will increase.

4 0
3 years ago
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