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Aneli [31]
3 years ago
14

Forest & Field Company makes and leases a backhoe to Zac. Due to a defect attributable to Forest & Field's negligence, Z

ac is injured in an accident in which his neighbor Aaron is also hurt.
In a product liability suit based on negligence, Forest & Field may be liable to:

A) Aaron only.
B) no one.
C) Zac and Aaron.
D) Zac only.
Business
2 answers:
Margaret [11]3 years ago
6 0

Answer:

Zac and Aaron ( C )

Explanation:

product liability is the liability been incurred by a manufacturer/producer or trader for either producing or selling a faulty product to a consumer. the liability covers every injury or accident that the consumer(s) of the product purchased from the trader or produced by the manufacturer causes.

The damages can also include economic or financial loss. the product liability law enables the consumer of such product to seek a legal recourse against the manufacturer or trader in which the manufacturer is meant to pay for damages caused for defective products. Aaron could be working with Zac who purchased the defective backhoe, hence the company would be responsible for both Zac and Aaron because the accident that led to injuries on both Zac and Aaron was caused by the defective backhoe

Serhud [2]3 years ago
5 0

Answer:

C) Zac and Aaron.

Explanation:

Product liability is defined as the liability that is borne by the manufacturer of a product for putting defective product in the hands of the consumer. The manufacturer will be liable for any harm that occurs as a result of use of the product.

In this instance due to a defect attributable to Forest & Field's negligence, Zac is injured in an accident in which his neighbor Aaron is also hurt.

The company is liable to Zac who bought the backhoe and also to Aaron although he did not have direct dealing with Forest & Fields.

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The mythical Three Floyds Brewery in Munster, Indiana makes a beer called Zombie Dust, which it sells in large bottles to pubs a
chubhunter [2.5K]

Answer:

Setup cost (S) = 1800

Holding cost (H) = 2.5

Annual demand (D) = 20000

Daily demand (d) = Annual demand / Number of working days = 20000 bottles/250 = 80 bottles daily

Daily production (p) = 400

a. Given production quantity Q = 10000

Holding cost = 1/2*[(p-d)/p]*QH

Holding cost = ((400-80)/(2*400))*10000 *2.5= 10000

Ordering cost = (D/Q)S = (20000/10000)*1800 = 3600

Total Cost = Annual holding cost + Annual ordering Cost = 10000 + 3600 = 13600

b. Economic production Quantity (EPQ) = Q

Q = √2DS/H √p/p-d

Q = √2*20000*1800/2.5 √400 / 400-80

Q = 6000 bottles

Holding cost = 1/2*[(p-d)/p]*QH

Holding cost = ((400-80)/(2*400))*6000 *2.5= 6000

Ordering cost = (D/Q)S = (20000/6000)*1800 = 6000

Total Cost = Annual Holding cost + Annual ordering cost = 6000 + 6000 = 12000

C. Cost difference between the current production schedule and the EPQ = 13600 - 12000 = 1600

4 0
2 years ago
Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l
stealth61 [152]

<u>Solution and Explanation:</u>

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

                                  Henry                Issac             Jacobs

Equity                           80,000                 110,000           140,000

Less Loss on Assets  36,000                  72,000              72,000

Liquidation Expenses  1,000                      2,000          2,000

Balances                   43,000                   36,000          66,000

Less Distribution

of Safe Payments to Partners 15,000                  0             10,000

Net Balances                    $28,000  $36,000  $56,000

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What High School did LeBron James go to?
Ket [755]

Answer:

St Vincent St Mary High

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STatiana [176]

Answer:

B. what businesses believe will generate the most profits.

Explanation:

A market economy is one where the factors of production are owned by the private sector. Production and distribution of products and services are in the hands of private individuals and firms. The government's role is mostly regulation and the provision of public goods.

In the market economy, the private sector engages in business to make profits. They risk their resources in producing goods and services that can increase their wealth. Only the products that are likely to generate profits are produced.

4 0
2 years ago
Your parents bought their first car for $5,000. the price level in the year your parents bought their car was 50, while the pric
skelet666 [1.2K]
<span>Car when parent bought it= 5000$ level when parent bought it =50 Car when I bought it= x$ level when I bought it =200 x=(5000*200) divided by 50 x=5000*4 =20000 Answer for parents car value today = 20000$</span>
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