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yKpoI14uk [10]
3 years ago
8

Ralph Waters operates a watch repair business in Mesa, Arizona. He orders most of his parts from out-of-state suppliers. He orde

rs watch faces from a supplier in Escondido, California. The supplier does not have a sales force but relies on catalogues shipped to watch dealers throughout the country as his means of marketing. Ralph installed several of the suppliers' watch faces on his customers' watches. A strange chemical reaction between perspiration and the faces of the watches caused Ralph's customers to develop rashes and nausea, with some requiring hospitalization. Ralph wishes to bring suit to recover damages ($75,000) from the Escondido supplier. Which of the following statements is true?
(a) Ralph must bring suit in California to gain jurisdiction over the supplier.
(b) Ralph has a diversity action that can be brought in federal court.
(c) Ralph will not be able to bring suit in Arizona because there are no contacts in the state.
(d) None of the above
Business
1 answer:
ivann1987 [24]3 years ago
7 0

Answer:

B. Ralph has a diversity action that can be brought in federal court

Explanation:

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Compare and contrast modern workplace, social, and environmental ethical dilemmas in the hospitality industry.
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2 years ago
Match each feature with the savings account type.
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<u>1. Basic savings account  </u>

-allows ATM withdrawals  

-allows money transfer  

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<u>2. CD </u>

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8 0
3 years ago
Read 2 more answers
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's t
anzhelika [568]

Answer:

8.94%

Explanation:

Firstly, we will need to find total equity and total debt of Harrington Inc inorder to apply the Dupont equation for getting ROE

Harrington's total debt = 15.00 % × $250,000

= $37,500

Harrington's total equity will be; applying accounting equation

Asset = Liabilities + Owner's equity

Owner's equity = Assets - Liabilities

= $250,000 - $37,500

= $212,500

Therefore, using the Dupont equation, we can calculate the ROE as;

(NI/Sales) × (Sales/Total assets) × (Total assets/Total common equity)

= 19,000/325,000 × 325,000 /250,000 × 250,000/212,500

= 8.94%

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2 years ago
Assume that Jocelyn is comparing two fixed-rate loan options, a 15 year and a 30 year mortgage. Both options have the same inter
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