1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
3 years ago
5

Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and the "Clean as

a Whistle Co." to come in at night and clean the premises. Which situation is LEAST likely to result in liability for Peter?
a. Cara, with authority, buys office supplies from Office Stuff.

b. Ben sells a car at a$ 1 ,000 markdown, after Peter told him not discount more than$ 500.

c. Stacy forgets to put the oil plug back into Daria's car after an oil change, damaging the engine when the oil runs out.

d. Emeralda from " Clean as a Whilte Co." runs over patty Pedestrain in the dealership's parking lot.
Business
1 answer:
drek231 [11]3 years ago
8 0

Answer:

d. Emeralda from " Clean as a Whilte Co." runs over patty Pedestrain in the dealership's parking lot.

Explanation:

Liability is the degree to which a person is responsible for injury that happens to another party in a lawsuit. Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and "Clean as a Whistle Co." as cleaners.

Peter will be least liable if Emralda from "Clean as a Whistle Co." runs over Patty I'm the dealership's parking lot.

This is because Peter hired the company as a seperate entity from the cleaning company employees. The conduct of employees from the cleaning company is responsibility of "Clean as a Whistle Co."

You might be interested in
New-product strategy Group of answer choices a. Experimenting with recipes to adjust seasoning and structural integrity b. All-d
Murljashka [212]

Answer:

c. Plans for new manufacturing lines to meet potential demand  

Explanation:

A new product strategy refers to industrial plans for new manufacturing lines that aim to meet potential demand.

These new products aim to satisfy old consumers, with upgrades to their favorite products, or to attract new consumers, through a new manufacturing segment that can even leave the niche that the company is part of.

This is a way for the company to diversify its product offer or meet a rising demand, thus creating greater and complete revenue.

3 0
2 years ago
Read 2 more answers
Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm
Novay_Z [31]

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

<h3>How much is the initial outlay?</h3>

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

Find out more on fixed asset capitalization at brainly.com/question/25355478

#SPJ1

3 0
2 years ago
The information needed to make the journal entries to record the wages and salaries expense comes from
babymother [125]
The answer is The Payroll Register.
5 0
3 years ago
Read 2 more answers
At the end of the current year, Accounts Receivable has a balance of $590,000; Allowance for Doubtful Accounts has a debit balan
denpristay [2]

Answer and Explanation:

a. The computation of uncollectible accounts and Journal entry is shown below:-

Bad Debt expenses Dr, $6,650

($2,660,000 × 1 ÷ 4× 1%)

       To Allowance for doubtful accounts $6,650

(Being uncollectible accounts is recorded)

b. The computation of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense is shown below:-

Accounts receivable = $590,000

Allowance for Doubtful Accounts = (Sales of the year × 1 ÷ 4 × 1%) - Credit balance

= ($2,660,000 × 1 ÷ 4 × 1%) - $5,500

= $6,650 - $5,500

= $1,150

Bad debt expenses = Sales of the year × 1 ÷ 4 × 1%

= $2,660,000 × 1 ÷ 4 × 1%

= $6,650

c. The computation of net realizable value of accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for Doubtful Accounts

= $590,000 - $1,150

= $588,850

6 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
kompoz [17]

Answer:

Accounts receivable $361,000 debit

Allowance for uncollectible accounts $560 debit

Net Sales $806,000 credit

0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224

adjusting entry:

December 31, 202x

Dr Bad debt expense 3,224

    Cr Allowance for doubtful accounts 3,224

Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.

8 0
2 years ago
Other questions:
  • How might a company’s goals for employee development be related to its goals for innovation and change?
    5·1 answer
  • The Marketing Department thinks that a fancy new package for the laptop computer battery would grow sales. The new package would
    10·1 answer
  • Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual
    12·1 answer
  • On March 1, 2021, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $690,000. The bonds sold for $678,00
    10·1 answer
  • On January 2, Year 3, Lake Mining Co.’s board of directors declared a cash dividend of $400,000 to shareholders of record on Jan
    11·1 answer
  • There is an inverse relationship between bonds' quality ratings and their required rates of return. Thus, the required return is
    15·1 answer
  • A product enters the maturity phase of the life cycle, during which sales are strong but growth is slowing. What product managem
    8·1 answer
  • Old Doc White advised you to do your homework before applying for a consumer loan. Which of the following is his main piece of a
    5·1 answer
  • 1) You are indecisive about which stock to buy Microsoft, which is selling for $173 a share; or Apple, which is selling for $285
    15·2 answers
  • Parks Corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. The
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!