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bearhunter [10]
3 years ago
6

Your company owns a strip mall and rents space to various businesses, ranging from a barber shop to a furniture store. Having ne

ver had issues in the past, your lease agreements are silent as to any obligations to maintain and repair common areas. One day, a regular customer of the strip mall decided to purchase a large recliner from the furniture store. When attempting to carry the recliner to his truck by himself, he tripped and fell on the sidewalk which resulted in severe injuries. When you arrived at the scene, it became clearly apparent that the customer had tripped over a 2-inch rise in a broken slab, most likely created by a freezing and thawing cycle. The furniture store owner supported this conclusion and further stated that he had been aware of the sidewalk's condition for several months. What is your liability and the liability of the other parties
Business
1 answer:
Murrr4er [49]3 years ago
8 0

Answer:

The responsibility of the store owner is to assist the customer who got hurt and fix the defective sidewalk. My responsibility is to charge and ensure that the sidewalk situation is resolved as soon as possible.

Explanation:

A customer suffers an accident that caused serious injuries inside a store in a mall I own. When I go to talk to the store owner about the accident, I learn that the accident happened because the store owner was negligent about the defective store structure he rents from my mall. In addition, the store owner says he had been aware of the defect for a long time, but did nothing to resolve it.

This shows that the accident was the result of the negligence of the store owner and for that reason, he must bear the consequences of his irresponsibility.

The store owner must provide all the support the injured customer needs to treat his injuries, in addition, he must repair everything that is defective in the physical structure of the store. My duty in this case is to supervise and ensure that the store owner complies with all of this.

You might be interested in
The decision by GE to do business, through subsidiaries, with Iran would have been made at what organizational level? a. First-l
bekas [8.4K]

Answer:

D. Top management

Explanation:

The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.

A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return.  Decision with this magnitude will most likely fall to the hands of the top managers in the company.

3 0
3 years ago
For the past 15 years you have been depositing $700 per month in the PIMCO bond fund, and you have now transferred your current
madam [21]

Answer:

To determine the total amount of money that I will have in my account at the time of my retirement, we must consider the total amount paid into the PIMCO account during the last 15 years, and add to this value the potential amount to be paid in the next 20 years in the Vanguard account.

Thus, during the previous 15 years, I have deposited 700 dollars per month in my PIMCO account, with which I have a cumulative total of $ 126,000 (700x12x15). Also, I will potentially deposit another $ 168,000 (700x12x20) in the Vanguard account for the next 20 years.

Therefore, over the 35 years of savings, once the time has come to retire, I will have $ 294,000 in my retirement investment.

7 0
3 years ago
A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will
oksano4ka [1.4K]

Answer:

C) 4.2 years

Explanation:

The computation of the payback period is as follows;

As we know that

Payback Period = Initial cost ÷ Annual net cash flow

Here

Initial cost = $278000

Annual net cash flow = Incremental after tax + Depreciation per year

where,  

Depreciation per year = (Original cost - Salvage value) ÷ Estimated Life

= ($278,000 - $30,000) ÷ 8 years

= $31,000

Annual net cash flow is

= $35000 + $31000

= $66000

So,

Payback Period is

= $278000 ÷ $66000

= 4.2 Years

4 0
3 years ago
If a U.S. citizen could buy £25,000 for $100,000, the rate of exchange for the pound would be
Natalka [10]

Answer:

<u>The rate of exchange for the £ is US$ 4</u>

Explanation:

1. Let's check the information provided to answer the question correctly:

Amount the U.S. citizen want to buy in £ = 25,000

Amount the U.S. citizen will pay in US$ = 100,000

2. Let's calculate the rate of exchange for the British pound £, this way:

Rate of exchange = Amount in US$/Amount in £

Rate of exchange = 100,000/25,000

<u>Rate of exchange = 4 US$ per £</u>

We can also express the rate for the US$, this way:

Rate of exchange = Amount in £/Amount in US$

Rate of exchange =25,000/100,000

Rate of exchange =  £ 0.25 per US$

5 0
3 years ago
Some economists believe that permanently lower marginal income tax rates __________ the incentive to work and thus shift the ___
gtnhenbr [62]

Answer:

The answer is "increase; LRAS curve to the right".

Explanation:

The curve LRAS represents the flow between all the level of wages and economic GDP supplied because all prices are fully flexible, also with nominal salaries; its cost may change all along LRAS, however, the output cannot, as it represents the complete output of workers, that's why the several economists say that lower marginal rate consistently increases the motivation to work, shifting the LRAS curve to the left.

6 0
3 years ago
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