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drek231 [11]
3 years ago
12

Inattentive Driving. While cutting class and driving off campus to check on her new dress for the upcoming formal, Molly, a busy

college student, is busy talking on her cell phone with her friend Sharon. Molly is trying to talk Sharon into going to the dance with her brother, who has a big crush on Sharon. Unfortunately for Molly, there is a statute in her state outlawing talking on a cell phone while operating a motor vehicle. Molly crashes into the side of Sam's new convertible when she looks down to pick up a can of soda she just dropped onto her new jeans. A police officer just down the street comes over to investigate. Molly explains to him that it was difficult to hold the cell phone in one hand, the soda in the other, and also drive. The officer was not impressed. Around that time Sam comes along. He is furious regarding the significant dent in his new car. Molly says she has insurance and that she will cover the whole incident. Sam says that is insufficient. The officer is annoyed because it is his lunch break. He tells Molly that she must obey the law and proceeds to write several citations to her. Which type or types of law is or are involved in the above situation considering Molly's interaction with both the officer and Sam?
A) Public law only
B) Private law only
C) Civil law and private law only
D) Criminal law and public law only
E) Public law, private law, civil law and criminal law
Business
1 answer:
nataly862011 [7]3 years ago
4 0

Answer:

C: Civil law and private law only

Explanation:

This won't be part of Public law as it generally works on the relationship between civilians and the government. However, in such a case, the matter can be sought privately, between molly and the owner of the car she damaged.

Obviously,. due to state laws in place that prohibit using a cell phone while driving this might also become a civil law situation.

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On January 1, 2021, the Excel Delivery Company purchased a delivery van for $111,000. At the end of its five-year service life,
sveta [45]

Answer:

Annual depreciation = $44,400

Explanation:

Given,

Purchase price of the delivery van = $111,000

Salvage value = $11,400

Useful Life = 5 years

We know that

annual depreciation under double declining balance (%) = (100%/useful life)*2

Putting the value in the formula, Annual depreciation (%) =   (100%/5)*2

                                                                                               = 40%

Annual depreciation = Purchase Price*Percentage of annual depreciation

Annual depreciation = $111,000*40% = $44,400

6 0
3 years ago
Deitz Corporation is projecting a cash balance of $33,300 in its December 31, 2019, balance sheet. Deitz’s schedule of expected
Kisachek [45]

Answer:

Deitz Corporation

Cash Budget

For the Quarter ended March 31, 2020:

Beginning balance                              $33,300

Cash Collections From Customers   205,350

Sale of Equipment                                   3,330

Total available cash                          $241,980

Cash Payments:

Direct materials               $47,730

Direct labor                        77,700

Manufacturing overhead  38,850

Selling & Administrative   49,950

Purchase of Securities      15,540  $(229,770)

Ending Balance                                   $12,210

Minimum Balance                                27,750

Shortfall                                              $15,540

Explanation:

Deitz Corporation uses this Cash Budget which it has prepared to understand its financial needs for the next quarter.  For example, with the minimum balance of $27,750 most likely based on past experience the corporation will start making arrangements for some outside funds to the tune of $15,540 or more to meet its cash needs for the first quarter.

7 0
3 years ago
Select the true statement about the impact of automation on employment. a.) Automated processes have no effect on the number of
avanturin [10]

Answer:

b.) While some job loss may occur as a result of automation, the potential for job creation exists

Explanation:

Automation is the process by which a the production process that is usually managed by people becomes mechanised.

The control and monitoring functions that people usually do is now transferred to automatic devices.

While this will cause some job loss as a result of lack of skill to operate the new machines, it will also result in an avenue for fresh employment.

Employees can acquire the required skill to operate the machines that are now used in the production process.

8 0
2 years ago
The U.S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complet
rosijanka [135]

Answer:

(A) A wholly owned Subsidiary

Explanation:

A wholly owned subsidiary is a company that is completely owned by another company called the Parent/Holding Company. The parent company will hold all (100%) of the subsidiary's common stock.

A wholly owned subsidiary allows the parent company to diversify, manage, and possibly reduce its risk.

Some of the disadvantages of a wholly owned subsidiary include the possibility of multiple taxation, lack of business focus, and conflicting interest between subsidiaries and the parent company if not properly managed.

7 0
2 years ago
Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
Assoli18 [71]

Answer:

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

Explanation:

Data provided in the question:

Percentage downsize in the workforce = 15% = 0.15

Cost of exit interviews = $100

Normal separation cost = $5,000

Now,

Total separation cost per employee = Cost of exit interviews + Normal separation cost

= $100 + $5,000

= $5,100

Therefore,

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

3 0
3 years ago
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