Answer:
Nothing.
Explanation:
In normally, the parties to the contract could disclaim the liability for the negligence. The exculpatory provision in a contract means there should be recovery with respect to the harms that occurs from the party negligence that are protected by the contract.
This should be applied even in the case when the state has adopted the comparative negligence statute
So nothing should be recovered
Based on the information given the amount of loss that Sherri deduct in 2021 is $3,000.
<h3>
Short-term loss and
long-term loss</h3>
Since he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).
Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.
Inconclusion the amount of loss that Sherri deduct in 2021 is $3,000.
Learn more about short-term loss and long-term loss here:brainly.com/question/25117603
Answer:
vertical consolidation.
Explanation:
Vertical consolidation is a process used by companies to increase their control on construction and distribution of a product.
In vertical consolidation there is usually purchase of firms up or down the supply chain.
In this scenario your friends buy a salon from a couple, and then buy a shampoo company that they use to supply the saloon product at lower cost. This is an example of vertical consolidation where your friends are obtaining more control in distribution big shampoo.
Answer:
4.8
Explanation:
The formular to find the receivable turn over ratio is
= net credit sales/average.
account receivable
The values given are:
Net credit sales for the year=$252,000
Company account receivable balance at the beginning of the year= $48,000
Company account receivable balance at the end of the year= $58,000
To find the average account receivable we will sum both balance and divide by 2
= 48,000+58,000/2
= 106,000/2
= $53,000
Average account receivable is $53,000
Therefore, receivable turn over ratio is
= $252,000/$53,000
= 4.8
Thus, Beverage international's receivables turn over ratio is 4.8