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Drupady [299]
4 years ago
7

River rock company makes spas and hot tubs. sterling files a product liability suit against river rock, alleging a warning defec

t in one of its products. in deciding whether to hold the defendant liable, the court may take note that a manufacturer or seller has no duty to warn about risks that are
Business
2 answers:
tatiyna4 years ago
7 0

In deciding whether the defendant should be liable, the court should take note that the manufacturer or seller should have no duty to warn about the risk in which are likely contrary to the instruction in regards with the use of the product in which by this, they are to be held liable.

lana66690 [7]4 years ago
6 0
The court may take note that a manufacturer or seller has no duty to warn about risks that are contrary to the instructions for the use of the product in order to deciding whether to hold the defendant liable. This is part of the product liability, which is an <span>area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. </span>

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Machinery is purchased on July 1 of the current fiscal year for $240,000. It is expected to have a useful life of four years, or
xenn [34]

Answer:

a. $28,125

b. $60,000

c. $14,400

Explanation:

The computation of the depreciation expense for the last six months is shown below:

a) Straight-line method:

= (Purchase value of machinery - residual value) ÷ (useful life)

= ($240,000 - $15,000) ÷ (4 years)

= ($225,000) ÷ (4 years)  

= $56,250

In this method, the depreciation is same for all the remaining useful life

So, for 6 months it would be

= $56,250 × 6 months ÷ 12 months

= $28,125

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $240,000 so the depreciation is $60,000 after applying the 50% depreciation rate  and 6 months

(c) Units-of-production method:

= (Purchase value of machinery - residual value) ÷ (estimated operating hours)  

= ($240,000 - $15,000) ÷ (25,000 operating hours)

= ($225,000) ÷ (25,000 operating hours)  

= $9 per hour

Now for the current year, it would be  

= Estimated operating hours in the current year × depreciation per hour

= 1,600 hours × $9

= $14,400

8 0
3 years ago
Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation
Ludmilka [50]

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces.  But, during expansion, product output rises with rising income, employment, and even stable inflation.

II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.

III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises.  It reduces when the economy enters a recession.

Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation.  It usually cascades between the spectrum of expansion and recession.  This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

5 0
4 years ago
A. Fiscal Policy involves changing _______________. In the United States, Fiscal Policy is implemented by the ____________.
Ede4ka [16]

Answer:

a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.

b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.

Explanation:

Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.

Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.

Based on this explanation, we have:

a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.

b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.

6 0
3 years ago
Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does n
Levart [38]

<u>Answer:</u> Option C

<u>Explanation:</u>

The customers are categorized based on their time of adoption to a new product. Innovators are the first people to try the product they are few in the market. Early adopters based on the opinion of the people move to new products in the market. Early majority is a large group of people who move on with new products seeing that is the latest product and that the product which they use may become obsolete.

Laggards are the last group of people who adopt to new products. Laggards are traditional people who would like to go by old ways. Fred is a laggard who has low income and does not wished to switch to new digital technology.

7 0
3 years ago
Sessler Manufacturers made two announcements concerning its common stock today. First, the company announced that the next annua
victus00 [196]

Answer:

The maximum amount that should be paid today is $11.29

Explanation:

The constant growth model of the DDM approach can be used to calculate the price or fair value per share today based on the expected dividends that the stock will pay. As the dividends are declining n this case, the dividend growth will be negative i.e. -1.5%

The formula for the price of share today is,

P0 or V = D1  /  r - g

Thus,

P0 = 1.75 / (0.14 + 0.015)

P0 = $11.29

3 0
4 years ago
Read 2 more answers
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