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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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A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective
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<em>Answer</em>:

<u>$52,000</u>

Explanation:

Remember, the FIFO inventory costing method records the inventory value based on the cost of the earliest (first) purchased or in hand balance.

The effective tax rate would usually be applied after the sales, however using FIFO we assume the first value of the inventory prior to the tax deduction.

= 4000 x $13

= $52,000

Therefore, the gross profit for the period is $52,000.

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3 years ago
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Gasoline and bicycles are complements in consumption. Suppose we increase the federal gasoline tax to $1 per gallon. What are th
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Answer: A

Explanation:

A complementary good is a product that is used together with another product. Without its complement, such a good will have little value. When there is increase in the price of a particular product, the demand of its complement reduces because consumers may not be able to use the complement on its own.

Complements have negative cross elasticity of demand i.e there is increase in the demand for a product when the price of its complement reduces. If bicycles and gasoline are complements, an increase in tax on gasoline will have a negative effect on the demand for bicycle. Due to the price increase of gasoline, less people will demand for bicycle. The initial change that will occur as a result of this is that as there is a price increase for gasoline, there will be a leftward shift in the demand for bicycle. This implies that less bicycle will be demanded for.

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4 years ago
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Answer:

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Springfield National Bank organizes its loan operations based on the market served, such as consumer, small business, and nonpro
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The main role and responsibility of the customer group is that it aggregate the customers and this type of group basically interact with the customers about the requirement of the specific customer and tell them about the best deal that is available.

 They usually help the customer and solve their all the doubt regarding the issue. The customer group is basically refers to the coupon group of members. It is also sometimes known as the customer group.

According to the question, the customer group basically allow the spring filed for serving the borrowers the best loan deal available in the market according the customer requirement.

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3 years ago
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencil
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Answer:

COGS = 187,370‬

ending finished goods = 37,300

Direct Materials used  =  119,970

Labor =    26,070

ending WIP  =  33,690

Explanation:

Sales - COGS = gross Profit

449,330 - COGS = 261,960

449,330 - 261,960 = COGS = 187,370‬

Cost of goods manufactured 224,670

less Cost of Goods Sold of    (187,370)

ending finished goods            37,300

Materials purchased            138,390

Materials inventory, ending<u> (18,420)</u>

Direct Materials used            119,970

Materials + Labor + Overhead = COGM

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Labor = 258,360 - 232,290

Labor =    26,070

Then Cost added less Cost of Goods Manufacured = ending WIP

258,360 - 224,670 = 33,690

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4 years ago
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