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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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Government corporations can be described as which of the following
tester [92]
C. Independently run.
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What are welfare payments or consumer studies?
klio [65]
Welfare payments are governments subsidies that provide financial aid to those who cannot care for themselves. Some are meant to be temporary aid like TANF, SNAP, and day care programs. Others like programs for the aged, blind, and disabled may be given for the remainder of their lives. 

Hope this helps.
7 0
3 years ago
Departmental overhead rates may not correctly assign overhead costs due to:
Vika [28.1K]

Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0
3 years ago
Selected transaction data of a business for September are summarized below. Determine the following amounts for September: (a) t
Nostrana [21]

Answer:

A. $61,000

B. $43,250

C. $17,750

Explanation:

(a) Calculation for Total revenue

Using this formula

Total revenue=Service sales charged to customers+Cash received from cash customers

Let plug in the formula

Total revenue= ($33,000 + $28,000)

Total revenue=$61,000

Therefore Total revenue will be $61,000

(b) Calculation for Total expenses

Using this formula

Total expenses=Expenses incurred paid +Expenses incurred but not paid +Expenses for supplies used and insurance

Let plug in the formula

Total expenses= ($36,250 + $5,000 + $2,000)

Total expenses=$43,250

Therefore Total expenses will be $43,250

(c) Calculation for net income

Using this formula

Net income=Total revenue-Total expenses

Let plug in the formula

Net income=($61,000 - $43,250)

Net income=$17,750

Therefore Net income will be $17,750

6 0
3 years ago
Metlock, Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Decemb
AURORKA [14]

Answer:

The $5,434 is the the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

Explanation:

Based on the Generally Accepted Accounting Principles (GAAP), the inventory value should be recorded at the cost or net realizable value whichever is lower.

So, by using the above information. Now we can compute the ending inventory.

For Camera :

1. Minolta = Unit price × lower cost of Net realizable value or cost

                 = 3 × 156

                = $468

2. Canon = Unit price × lower cost of Net realizable value or cost

                = 10 × 147

                = $1,470

For Light Meters:

1. Vivitar = Unit price × lower cost of Net realizable value or cost

               = 15 × 104

               = $1,560

2. Kodak = Unit price × lower cost of Net realizable value or cost

              = 16 × 121

              = $1,936

So, the ending inventory is sum of the value of all products which is equals to

Minolta + Canon + Vivitar + Kodak

$468 + $1,470 + $1,560 + $1,936

$5,434

Hence, $5,434 is the the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

7 0
3 years ago
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