Answer: Tina doesn't have a standing
Explanation:
From the information given in the question, we are told that Consumer Goods Corporation sells products that are poorly made.
We are further told that Tina, who has never bought a product from Consumer Goods, files a suit against the firm alleging that its products are defective.
The firm could ask for dismissal of the suit on the basis that Tina doesn't have a standing. This is because Tina has never bought their goods before and therefore shouldn't be alleging that the product of the company is bad. Assuming Tina has bought their products before, then it'll have been harder for the firm to ask for dismissal.
It is false that real estate is a great way to investment for everyone, particularly since the money is more liquid than common stocks.
Answer:
1: 3: 6
Explanation:
Given that
Ballet shoes sales units = 15,000
Tap shoes sales units = 30,000
Jazz shoes = 5,000
By the above information, the ratio would be
Jazz shoes: Ballet shoes: Tap shoes
5,000 : 15,000 : 30,000
1: 3: 6
Simply we take simultaneously so that the ratio can easily find out
Hence, the ratio is 1:3:6 of jazz shoes to ballet and tap shoes
Answer: a. At the end of Year One, the company's liabilities are understated.
Explanation:
Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.
In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.
The increase in labour productivity either by the use of new technology or new techniques can be plotted up for a given product and compared with the old productivity without the increase to build up a production possibilies frontier curve to show how production increases accordingly and if possible, project it into the future somewhat.
