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blsea [12.9K]
4 years ago
3

While driving down his street one evening, Jonah notices that his neighbor has laid out an electric fan for the garbage to pick

up the next morning. Jonah stops and has a look at the fan; it seems to be perfectly fine, so he takes it home with him. The fan would most likely be considereda. lost property.
b. mislaid property.
c. abandoned property.
d. None of these are correct.
Business
1 answer:
tia_tia [17]4 years ago
4 0

Answer:

The answer is option B) The fan would most likely be considered mislaid property.

Explanation:

Mislaid property fall among the categories of the common law of property which deals with personal property or chattel which has left the possession of its rightful owner without having directly entered the possession of another person.

Mislaid property refers to a property that has been left intentionally in a certain place and later forgotten. When a property is left in a certain place by the owner with an intention to take it later and if the owner finds it difficult to locate the property later.

Jonah's neighbor's fan falls into the category of mislaid property because, It seems to be perfectly fine and was intentionally laid out by his neighbor.

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Alborosie

Answer: Question 1: I do see Sony as an innovator in its industries of electronics, semiconductors, computers, video games, and telecommunications because they have created several products in all of these industries.

Question 2: Sony is a company that inspires and fulfills my curiosity because they have made significant leeway in the world of technology and have created amazing and useful technical products.

Hope this helps!   :)

Explanation:

5 0
4 years ago
20. Sam and Abby are dependents of their parents, and each has income of $2,100 for the year. Sam's standard deduction for the y
denis23 [38]

Answer: The difference is because after the deduction from one dependent, then the standard deviation of the other dependent will be the income that was earned plus $350.

Explanation:

From the question, we are informed that Sam and Abby are dependents of their parents, and each has income of $2,100 for the year. We are further told that Sam's standard deduction for the year is $1,100, while the standard deduction for Abby is $2,450.

It should be noted that the income of $2100 attributed to Sam is an unearned income and in such scenario, he's allowed a minimum standard deduction of $1100.

The $2100 that Abby has is an earned income, therefore her standard deduction will be her eabee income plus $350. This will be:

= $2100 + $350

= $2450

7 0
3 years ago
Grimaldi Chocolates projects its factory rent to be $8,000 in July when 4,000 pounds of candy are expected to be produced. If re
blsea [12.9K]

Answer:

$8,000

Explanation:

With regards to the above information, the expected cost of rent in August is $8,000. This is because the $8,000 is fixed in total.

We know that fixed costs are those costs that do not vary with the level of output. Invariably, it means they remained the same as activity level or output changes.

Although, production increases to 6,000 units in August from 4,000 candy pounds of candy that are expected to be produced in March, yet, the fixed cost of $8,000 would remain the same whether or not production increases or decreases.

6 0
3 years ago
Riley Inc.'s charter authorizes 1,000 shares of stock at a stated value of $10 per share. Riley issues 50 shares of stock at its
Alex Ar [27]

Answer:

$500 credit

Explanation:

Given that

Number of authorized shares = 1,000 shares

Stated value per share = $10

Issued shares = 50 shares

Initial offering = $20 per share

So based on above information, the journal entry is

Cash $500    (50 shares × $10)

     To Common stock $500

(Being the common stock is issued is recorded)

While recording this transaction we debited the cash account as it increased the asset side and credited the common stock as the equity is increased so that the proper posting could be done

6 0
3 years ago
Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Ins
Elina [12.6K]

Answer:

True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.

Explanation:

1. Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and that they should be forgiven. Hann is employed and makes an average salary for her occupation.In order to obtain relief from her debts, Hann <u>need not</u> allege that she is insolvent and cannot pay her debts.

<em>True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.</em>

2. Generally, student loans <u>are not</u> dischargeable in bankruptcy.

<em>TRUE -  </em><u><em>Student loans are not discharged in bankruptcy</em></u><em> unless you show that payment of the debt “will impose an undue hardship on you and your dependents.” </em>

3. An exception to this rule is if there is evidence of <u>undue hardship </u>

<u> </u><em>TRUE -  Student loans are not discharged in bankruptcy </em><u><em>unless you show that payment of the debt “will impose an undue hardship on you and your dependents.” </em></u>

4. It is likely that Hann's financial situation <u>does not</u> qualify her for discharge.

<em />

<em>TRUE -  Because </em>Hann is employed and makes an average salary for her occupation. The court will test for her living hardship and the most common test is the Brunner test which requires a showing that the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living; but this is not the case because she is employed

4 0
3 years ago
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