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Afina-wow [57]
3 years ago
12

Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form,

but files a suit against the firm, alleging that its products are defective. Fabrication's best ground for dismissal of the
A) discovery.
B) exclusive jurisdiction.
C) standing to sue.
D) minimum contacts.
Business
1 answer:
jok3333 [9.3K]3 years ago
3 0

Answer:

C) standing to sue

Explanation:

standing to sue -

In terms of law , it is the requirement where a person brings a suit to be the proper party to request the adjudication of an issue .

This test is put when a party had a personal stake during the outcome of a controversy presented .  

Hence from the data of the question , the correct answer for the statement given is , C) standing to sue

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How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium
Degger [83]

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

Equilibrium quantity is when there is no shortage or surplus of a product in the market.

Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

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4 0
1 year ago
Often a commercial payer will implement changes to claims completion requirements throughout the year, and most providers discov
Tomtit [17]

The correct statement is when claims are denied.

<h3>What is the commercial paper? What is the duration of the commercial paper?</h3>

The commercial papers are the short term money market instruments, that are issued by the companies which holds a good credit rating.

Usually, the maturity date of the commercial paper lies between the fifteen days or up to one year.

The companies mostly issued the commercial papers to meet their short term liabilities.

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6 0
2 years ago
The difference between slope and elasticity is that slope _________.a. is a ratio of two changes, and elasticity is a ratio of t
jekas [21]

Answer:

c. measures changes in quantity demanded more accurately than elasticity.

Explanation:

Base on the scenario been described in the question, slope measures changes in quantity demanded very accurately compared to elasticity. The main for this reason is that m, slope and elasticity are not the same concepts. Slope evaluates the

flatness or steepness of a line in terms of the evaluating units for price and quantity, while elasticity evaluates the relative response of quantity to changes in price.

4 0
3 years ago
Read 2 more answers
A loan is being amortized by means of level monthly payments at an annual effective interest rate of 8%. The amount of principal
suter [353]

Answer:

d) 216

Explanation:

We need to equate the value of 12th payment and t^th payment through the below formula.

=> 1000*(1+8%)^[(t-12)/12] =3700

=> (1.08)^[(t-12)/12] =3.7

=> [(t-12)/12] =17

=> t=216

4 0
3 years ago
For both unearned revenues and prepaid expenses, the cash payment occurs __________ the adjusting entry to record the earning of
alex41 [277]

Answer:

The correct answer that fills the gap is <em>d. before.</em>

Explanation:

Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.

The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.

The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.

The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:

  • Cumulative income not collected.
  • Customer advances.
5 0
3 years ago
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