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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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Senior managers engage in ______ when they structure the organizational relationships to work cooperatively to achieve goals.
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The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:

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3 years ago
On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum
Nataliya [291]

Answer:

On disposal, the carrying amount of the asset is derecognized by  

Debit Other income/disposal account (p/l)   $20,000

Credit Asset account     $20,000

Being entries to derecognize the cost of the delivery van

Debit Accumulated depreciation account  $18,000

Credit Other income/disposal account (p/l)   $18,000

Being entries to derecognize the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account    $2,000

Credit Other income/disposal account (p/l)   $2,000

Being entries to record cash collected on  disposal of the asset

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by  

Debit Other income/disposal account (p/l)

Credit Asset account  

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

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Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

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