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mars1129 [50]
3 years ago
9

Huey, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jac, a resi

dent of Kentucky. Jac files a suit against Huey in Indiana. Regarding this suit, Indiana has:_________.
a. federal jurisdiction.
b. in personam jurisdiction.
c. in rem jurisdiction.
d. no jurisdiction.
Business
1 answer:
icang [17]3 years ago
7 0

Answer:

c. in rem jurisdiction.

Explanation:

Jurisdiction is defined as the power or authority to decide legal cases.

Jurisdiction refers to the practical authority granted to a legal body to administer justice within a defined field of responsibility.

Federal jurisdiction refers to the legal scope of the government's powers in the U.S.A.

In rem jurisdiction refers to the power a court that it may exercise over property against a person over whom the court does not have in personam jurisdiction.

Indiana has <u>in rem jurisdiction.</u>

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Prist Co. had not provided a warranty on its products, but competitive pressures forced management to add this feature at the be
Naddika [18.5K]

Answer:

Event 1:

Debit Warranty expense for $8.416.

Credit Warranty liability $8,416.

Event 2:

Debit Warranty liability for $8,416.

Debit Warranty expenses for $11,484.

Credit Cash for $19,900.

Explanation:

Estimated warranty liability = $4,208,000 * 0.2% = $8,416.

Excess of actual and over extimated warranty liability = $19,900 - $8,416 = $11,484

The journal entries will look as follows:

<u>Details                                         Dr ($)                  Cr ($) </u>

Warranty expense                      8.416

Warranty liability                                                   8,416

<em><u>(To record the estimated warranty liability).                      </u></em>

Warranty liability                         8,416

Warranty expenses                   11,484

Cash                                                                   19,900

<em><u>(To record actual warranty cost).                                        </u></em>

8 0
3 years ago
3 uses of money supply
zalisa [80]

Answer:

Money serves as a medium of exchange, as a store of value, and as a unit of account.

7 0
3 years ago
Ai​ Lun, a management trainee at a large New Yorkdashbased ​bank, is trying to estimate the real rate of return expected by inve
QveST [7]

Answer:

Ai​ Lun estimate that  real rate would be 1%

Explanation:

The Formula for the Real Rate of Return is

Real rate of return =Nominal interest rate - Inflation rate

In this case ,

Nominal interest rate =3%

Inflation rate  is given by the rising of the consumer prices =2%

So,  

Real rate of return =3% - 2%

Real rate of return=1%

5 0
3 years ago
Which one of the following statements is correct?A) NASDAQ has more listed stocks than does the NYSE.B) The NYSE is a dealer mar
ser-zykov [4K]

Answer:

A. NASDAQ has more listed stocks than does the NYSE.

8 0
3 years ago
Sherman, who owns property in a life estate, neglects the property, significantly diminishing its value. this is called ______.
asambeis [7]

Sherman, who owns property in a life estate, neglects the property, significantly diminishing its value. This is called a<u>n act of waste</u>.

The diminishing value technique assumes that the cost of a depreciating asset decreases extra within the early years of its effective life.

Basically, you take the number 2 hundred and divide it by the object's effective existence. For instance, 10 years, and specific that as a percentage (two hundred/10 = 20% in this example). The depreciation price applies to the faded cost of the asset after it's been depreciated every 12 months.

In the diminishing value approach, depreciation is calculated on the e-book cost of the asset at the start of the year rather than the precept amount with constant percent. on this, the percentage is identical however depreciation quantity steadily decreases as it's far completed on book value.

Learn  more about diminishing value here brainly.com/question/18633836

#SPJ4

3 0
2 years ago
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