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Marysya12 [62]
3 years ago
5

Inferior Company sells products that are poorly made. Jock, who has never bought an Inferior product, files a suit against Infer

ior, alleging that its products are defective. The firm's best ground for dismissal of the suit is that Jock does not have:_______.A) Jurisdiction.
B) Certiorari.
C) Sufficient Minimum contacts.
D) Standing.
Business
1 answer:
garri49 [273]3 years ago
8 0

Answer:

D. Standing

Explanation:

The firm's best ground for dismissal is that Jock has no standing. This is because Jock has never bought a product from Inferior Company. Standing refers to the ability for an individual to show the court sufficient connection to and harm from the law or to bring a lawsuit in court based upon their stake in the outcome. For an individual or a party to have a standing in a case, he or she must show what is called an "injury in fact". When there's not enough sufficient connection to and harm from the law, the court can rule on lack of standing. Since Jock hasn't used their product before, no way he can claim injury in fact and that is why Inferior can request for dismissal on the grounds of no standing.

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Carter & Carter is considering setting up a regional lockbox system to speed up collections. The company sells to customers
barxatty [35]

Answer:

c. $40,000

Explanation:

Reduction in Account Receivables          $500,000

($2,500,000 * 20%)

<u>* Interest rate                                               11%          </u>

Annual saving                                             $55,000

Less: Annual cost of system                     <u>-$15,000</u>

Pretax Net annual savings                         <u>$40,000</u>

4 0
3 years ago
Sunland Company has the following account balances: Sales Revenue $226,700, Sales Discounts $4,410, Cost of Goods Sold $129,600,
Kaylis [27]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr,  $226,700

        To Income revenue $226,700

(Being close accounts with credit income balances is recorded)

2. Income revenue Dr, $134,010

         To Sales discount $4,410

         To Cost of goods sold $129,600

(Being close accounts with debit expenses account is recorded)

8 0
3 years ago
Joshua is retired. He lives on a fixed pension. His daughter Sue just bought a house. She has fixed rate of interest on her mort
Radda [10]
<h2>Joshua would lose and Sue would benefit from unanticipated inflation.</h2>

Explanation:

  • Both Joshua and Sue are associated with fixed pension and fixed interest respectively.
  • Now the value of money goes down due to inflation
  • So to live as usual, Joshua need to spend some extra money. But considering the fixed income, it's a lose to Joshua
  • Whereas Sue is associated with fixed interest of mortgage. She is benefited because, though the inflation has changed the value of all other products, but the fixed interest rate does not change.
  • "Fixed-rate mortgage holders are inflation winners", says "Thoma, professor of economics at the University of Oregon"
6 0
3 years ago
On June 30, 2018, Baird Company’s total current assets were $502,000 and its total current liabilities were $274,000. On July 1,
amm1812

Answer:

Before issuing the note

Current ratio

= <u>Current assets</u>

   Current liabilities

= <u>$502,000</u>

  $274,000

= 1.83: 1

After issuing the note

Current ratio

= <u>$538,400</u>

  $274,000

= 1.96:1

Explanation:

Current ratio is the ratio of current assets to current liabilities. Before issuing the note, current assets amounted to $502,000 while current liabilities were $274,000. After issuing the note, current assets increased to $538,400 as a result of $39,400 received on note issue. This increases the current ratio from 1.83 to 1.96.

7 0
3 years ago
How does a red team versus blue team exercise help an organization
Ber [7]

Answer:

By practicing simulated cyber attacks. They help in improving the security and firewall of organization thereby enhancing their resistance to cyber infiltration.

Explanation:

Organizations may often intend to evaluate and their degree of vulnerability and test their security standard, hence, they employ the use of a simulated threat pattern whereby the red team act as a threat by using several infiltration techniques usually used by actual infiltrators, the blue team on the other hand acts to repel the advances of the red team by implementing security protocols and architecture capable of neutralizing the simulated attacks of the red team. This way organizations beef up their security in other to forestall actual potential attacks against capable of invading their information and digital systems.

8 0
2 years ago
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