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ycow [4]
3 years ago
6

Jared drives his car knowing that the brakes are defective and has an accident in which the car is damaged and he is injured. He

will likely be unable to recover from the manufacturer, because he voluntarily assumed the risk of the defective brakes.A. TRUEB. FALSE
Business
1 answer:
juin [17]3 years ago
7 0

Answer:

A) True

Explanation:

This week someone in Brazil died due to faulty Takata airbag in a Honda Civic (a 2008 model). Honda Brazil had run a recall campaign for more than 4 years in Brazil, but since they were not able to locate the owner of the car, then they are legally responsible for the death. The problem was that the original owner sold the car to a third party and then they resold it again venereal times, so it wasn't possible to locate the last owner.

But if Jared had been personally warned about the defective brakes, then the car company is not liable for any accidents. On the other hand, if Jared just knew about the defective breaks because some friend who is a mechanic told him so, then the car company is responsible for the accident.

Since the question only states that Jared knew about the defect, then I guess that the car company was able to contact him personally.

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2 years ago
Calculating Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no plant assets and reported the foll
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Answer:

(a) Net Cash flow from operating activities = 115,000

(b) Net Cash flow from operating activities (NCOA) to current liabilities (CL) :

Current liabilities = 22000+9000 = 31000

NCOA to CL = 115,000/31000 = 3.71

Explanation:

Income Statement

                                                                                       $

Sales                                                                        750,000

Cost of Goods sold                                               <u> (470,000) </u>

Gross profit                                                             280,000

Wages expenses                                                   (110,000)

Rent expenses                                                        (42,000)

Insurance expenses                                              <u> (15,000)</u>

Net Income                                                             <u>  113,000</u>

<u />

Cash flow Statement

Net Income                                                                 113,000

Cash flow from operating activities :  

Increase in Receivables (54,000-49,000)                (5,000)

Decrease in Inventories (66,000-60,000)                6,000

Increase in prepaid Insurance (8000-7000)             (1000)

Increase in Accounts Payable (22000-18000)         4000

Decrease in wages payable (11000-9000)               <u>(2000)</u>

Net increase in cash flow from Operating activities 115,000

5 0
3 years ago
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