Answer:
Weak because of proximate cause is difficult to prove in absence of other similarly affected individuals
Explanation:
Since in the question it is mentioned that the 60 year old man have a lung cancer so he sues the asbestos manufacturer also he trust that it is unsafe as her friend who use the alternative material has not have a lung cancer so here the case would be weak as of proximate cause as it is difficult for proving it
Therefore the same is to be considered
Answer:
0.37
Explanation:
The formula to compute the debt ratio is shown below:
= Total liabilities ÷ Total assets
where,
Total liabilities would be
= Current liabilities + Long term liabilities
= $75,000 + $35,000
= $110,000
And, the total assets would be
= $300,00
Now put these values to the above formula
So, the ratio would equal to
= $110,000 ÷ $300,000
= 0.37
Answer: Yes they did.
Explanation:
Apparent Authority refers to a scenario where a Agent is assumed to have the power to act on behalf of a Principal regardless of if said authority had not being expressly given whether implicitly or otherwise.
It is worthy of note that this power is only valid if the third party in the transaction assumes from the conduct of the agent, that they have such powers to act.
It is stated in the text that there was no question that the brokers had the actual or implied authority to sell the stock meaning that the Principal had not done enough to show that the agents did not have the Authority to act as they did. For this reason, they can indeed be sued under the Principle of Apparent Authority.
a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.
b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]
c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.
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