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vova2212 [387]
3 years ago
10

John purchases a blender from juicemart. a crack in the plastic casing causes the blade to swing out of control and fly at john'

s arm. john is shaken up by the incident but otherwise uninjured. john's strict product liability suit will most likely:
Business
1 answer:
sasho [114]3 years ago
6 0
<span>John's suit is most likely going to fail because John did not suffer any harm or damage to his property. The fact that there was danger of harm and emotional damages is irrelevant in the eyes of the court.</span>
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Boaz Company had the following information: Estimated Overhead $ 300,000 Actual Overhead $ 350,000 Estimated labor hours 75,000
Genrish500 [490]

Answer:

b. $4.00 per labor-hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = Estimated overhead ÷ Estimated labor hours

= $300,000 ÷ 75,000 labor hours

= $4.00 per hour        

By dividing the estimated overhead by the estimated labor hours we can find out the predetermined overhead rate and we did the same in the above calculation

7 0
3 years ago
You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you receive
alexandr1967 [171]

Answer:

The effective price you received for the car was $5,987

Explanation:

Effective price of the car can be calculated by the Net Present values of all the cash flows associated with the note.

Using following present value formula for each cash flows

Pv = FV  / ( 1 + r )^n

Net Present Value of all call flows = [ $1,000 / ( 1 + 6% )^1 ] + [ $2,000 / ( 1 + 6% )^2 ] +  [ $2,000 / ( 1 + 6% )^3 ] + [ $2,000 / ( 1 + 6% )^4 ]

NPV = $943.4 + 1,780 + $1,679.24 + $1,584.19 = $5,986.83 = $5,987

8 0
3 years ago
Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur
vladimir2022 [97]

Answer:

A person whose salary has increased is able to purchase fewer goods and services.

Explanation:

Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.

Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.

In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.

7 0
3 years ago
The umayyad insisted that conquered people pay a special head tax if they did not convert to islam. this head tax was called the
likoan [24]
The special tax was called J<span>izya.</span>
6 0
2 years ago
A​ monopolist's maximized rate of economic profits is ​$2 comma 700 per week. Its weekly output is 900 ​units, and at this outpu
LuckyWell [14K]

Answer:

Average total cost= $46

Marginal revenue= $33

Explanation:

In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit

Economic profit per unit= 2,700/900

Economic profit per unit= $3

Average total cost= (Price per unit) - (Economic profit per unit)

Average total cost= 49 - 3= $46

For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

3 0
3 years ago
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