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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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Which one of the following statements is not true about statements of cash flows prepared according to U.S. GAAP?a. The operatin
Nutka1998 [239]

Answer:

The correct answer is b. In the indirect method statement, the period's depreciation is added to net income because it is a source of cash

Explanation:

Indirect method make adjustment to reconcile the net income to cash. It depends on the account if it is added or subtracted to net income.

We are going to analyze the options

a. The operating section of the indirect method starts with the net income of the period TRUE

b. In the indirect method statement, the period's depreciation is added to net income because it is a source of cash

FALSE,  depreciation is not a source of cash

c. Interest payments are included in the operating section of the direct method statement

TRUE

d. The investing section of the direct method statement for a period is identical to the investing section of the indirect method statement for the same period TRUE

4 0
3 years ago
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2
Ad libitum [116K]

Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

7 0
3 years ago
the butler county tax assessor determines that the market value of greg wilsons home is $123000. the rate of assessment in butle
MrRa [10]
In this case, the assessed value is 28% from the market value. So, we need to get 28% from $123,000.

Expressed in figures, we have;
*$123,000 x 0.28 = $34,440.

The assessed value of Greg's home is $34,440, which is 28% of $123,000.
7 0
3 years ago
______ effect happens when the place a product was manufactured influences how consumers perceive the product.
stiks02 [169]

Effect happens when the place a product was manufactured influences how consumers perceive the product.  Country of Origin

What benefits do consumer product firms derive by marketing internationally?

Competition with other companies can be maintained. Sales and profits can be enhanced. Life cycles of products can be extended.

Country of origin:

Country of origin represents the country or countries of manufacture, production, design, or brand origin where an article or product comes from. For multinational brands, CO may include multiple countries within the value-creation process.

Learn more about country of origin:

brainly.com/question/19048062

#SPJ4

8 0
2 years ago
On June 1, 2016, Skylark Enterprises, a calendar year LLC reporting as a sole proprietorship, acquired a retail store building f
fiasKO [112]

Answer:

Skylark Enterprises

The cost recovery is $___41,024___, and the adjusted basis for the building is $__358,976___

Explanation:

a) Data and Calculations:

Cost of retail store acquired = $500,000

Property acquisition date = June 1, 2016

Property disposal date = June 21, 2020

Length of use of property before disposal = 4 years and 21 days

Cost allocated to Land = $100,000

Cost allocated to Building = $400,000

Annual Depreciation expense = $10,256 ($400,000/39)

Cost recovery after 4 years = $41,024 ($10,256 * 4)

Adjusted basis for the building = $358,976 ($400,000 - $41,024)

b) The adjusted basis for the building is the cost of the building minus its accumulated depreciation for the number of years it has been in use.

4 0
3 years ago
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