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lorasvet [3.4K]
3 years ago
14

Martin works as a pizza delivery person. He parks his bike outside Regalia Inc. To deliver an order. Meanwhile, a damaged book r

ack in Regalia, which is situated on the first floor of the building, falls down through an open window and crashes on his bike. However, no one admits to having seen the rack fall. Can Martin recover against Regalia for negligence?
Business
1 answer:
serg [7]3 years ago
6 0

Answer:

Martin works as a pizza delivery person. He parks his bike outside Regalia Inc. To deliver an order. Meanwhile, a damaged book rack in Regalia, which is situated on the first floor of the building, falls down through an open window and crashes on his bike. However, no one admits to having seen the rack fall. Can Martin recover against Regalia for negligence?

It is a dicey situation, if Regalia Inc has a parking lots and Martin did not use it rather he just parked at his convenience, then no one will be responsible for such but if he parked at allotted space for bikes and such occurrence happened then Regalia inc will bear the cost and pay for damages.

Explanation:

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Barans Company purchased merchandise on account from a supplier for $12,900, terms 1/10, n/30. Barans Company returned $2,500 of
11Alexandr11 [23.1K]

Answer: See explanation

Explanation:

a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment?

The amount of cash required for the payment will be:

Purchases: = $12,900

Less: Returns = $2500

Less: Discount = ($12900 - $2500) × 1% = ($10400 × 1%) = $104

Cash required for payment = $10296

b. What account is credited by Barans Company to record the return?

Based on the information above, the merchandise inventory will be credited.

3 0
3 years ago
If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 1,000 units, and the beginn
never [62]

Answer:

25,500 units

Explanation:

Sales units = Opening stock + Production - Closing stock

<em>So, we input the figure with aid of the above formulae</em>

25,000 units = 500 units + Production units - 1,000 units

Production units = 25,000 units - 500 units + 1,000 units

Production units = 25,500 units.

So, the number of units set forth in the production budget, representing total production for the current period is 25,500 units.

7 0
3 years ago
The natural rate of unemployment is 4%, and the economy is producing 95% of its potential output. Okun's law predicts an unemplo
Anon25 [30]

Answer:

so correct option is C. 6.5

Explanation:

given data

natural rate of unemployment = 4%

economy producing = 95%

solution

we know here as  Okun's law for the every 1 percentage increase in unemployment rate

GDP of country =  2% lower than potential GDP

but here is country GDP = 5% lower than potential GDP

so there is increase in the unemployment rate = 5% ÷ 2 =  2.5%  

and unemployment rate is given =  4%

so effective unemployment rate will be

effective unemployment rate = 4% + 2.5%

effective unemployment rate = 6.5%

so correct option is C. 6.5

6 0
3 years ago
Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with t
beks73 [17]

Answer:

Amount to be paid = $6,000

Explanation:

Trade discount is the reduction in the list price granted to a buyer. A 40% trade discount implies that Blue would have to pay only 60% of the list price.

The amount due for settlement = 10,000 - (40%× 10,000)= $6,000.

The  term 2/10 implies that Jones is entitled to a cash a discount of 2% if it settles its invoice within 10 days following the invoice date. The deadline settlement date to receive the discount would therefore be August 6.

Since the account was settled on September 8 which is later than the deadline date set to qualify for the cash settlement discount, Blue would have to pay $6,000.

Amount to be paid = $6,000

5 0
3 years ago
What could happen if you end a service contract early?
wariber [46]

You are charged an early termination fee.

Explanation:

When you sign a contract you will have to see if y<u>ou are viable to pay an early termination fee in case you decide to terminate a contract</u> in between and if so how much it will cost to do so.

<u>There are no other legal obligations in place usually unless directly specified in the service contract. </u>

Usually the fee is to cover for the cost procured or that will be procured on securing newer services in the face of the termination.

8 0
3 years ago
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