The direct labor budget begins with the required production in units from the production budget.

The state of Indiana hires the Reliable Construction Company to do some excavating work on an interstate highway. The state lays

Shalnov [3]

Answer:

C) The state is liable because of Reliable's negligent failure to take the special precautions required for conducting a highly dangerous or inherently dangerous activity.

Explanation:

Even though the state of Indiana hired Reliable Construction Company for doing the job and the contract was very specific about Reliable's obligations, the state government should have controlled that Reliable actually carried out its obligations properly.

In this case, it was reasonable foreseeable that the failure to control Reliable's job could result in personal or property injury. So the state should have exercised control over how the work was done. The respondeat superior doctrine does not apply because Reliable was an independent company hired by the state government to perform a specific contract, it was not an agent (or employee).

6 0

3 years ago

Which characteristic is not reflective of a successful entrepreneur?

kicyunya [14]

Answer:

a.) Self-conscious

Explanation:

4 0

2 years ago

In which type of career would you expect to spend a great deal of time backing up computer files?

agasfer [191]

Answer:

BTS BTS BTS Po 1.A 2. c 3. k 4.mha

4 0

1 year ago

Read 2 more answers

Suppose the government applies a specific tax to a good where the demand elasticity, E, is -1.4, and the supply elasticity, n, i

VMariaS [17]

Answer:

The correct answer is option D.

Explanation:

The demand elasticity is -1.4.

The supply elasticity is 1.2.

Since the demand is elastic, the imposition of tax will not be profitable for the government.

The imposition of tax will increase the price of the good, this will decrease the demand for good, thus the revenue will decrease.

The tax incidence on consumers

= E (supply) / (E (demand)) + E (supply)

= $\frac{1.2}{1.2 - 1.4}$

= $\frac{1.2}{-0.2}$

= -6

4 0

2 years ago

Getty Company expects sales for the first three months of next year to be $200,000, $235,000, and $298,000, respectively. Getty

GarryVolchara [31]

Answer:

Getty’s cash receipts for the months of February: $225,900

Getty’s cash receipts for the months of March: $281,620

Explanation:

Cash sales:

In January = 35% x $200,000 = $70,000

In February = 35% x $235,000 = $82,250

In March = 35% x $298,000 = $104,300

Credit Sales:

In January = 65% x $200,000 = $130,000

In February = 65% x $235,000 = $152,750

In March = 65% x $298,000 = $193,700

Getty’s cash receipts for the months of February = Cash sales of February + 40% x Credit sales of January + 60% x Credit sales of February = $82,250 + 40% x $130,000 + 60% x $152,750 = $225,900

Getty’s cash receipts for the months of March = Cash sales of March + 40% x Credit sales of February + 60% x Credit sales of March = $104,300 + 40% x $152,750 + 60% x $193,700 = $281,620

8 0

3 years ago