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astra-53 [7]
3 years ago
12

Sal purchased a used toaster at a yard sale. The seller told Sal that although the toaster was more than 10 years old, she had n

ot had any problems with it. Sal takes the toaster home and uses it for a few months. One day, however, as Sal was using the toaster, it malfunctioned and caused a small fire in Sal's kitchen along with significant smoke damage. Sal decides to sue the manufacturer of the toaster and will do so within one month of the fire. What would likely be the manufacturer's best defense in a strict liability in tort action brought by Sal?
Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

<em><u>The manufacturer of the toaster would argue from the point of view of the warranty offered for the toaster.</u></em> In most electronic products, the manufacturer offers warranty ranging from 1 year to 5 years.

<em>For the toaster to have worked for more than 20 years without any problem shows that it was a good product. And, the warranty must have expired hence the need not to be held responsible for whatever happened to it.</em>

Explanation:

You might be interested in
Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all c
Luda [366]

Answer:

$34.39

Explanation:

EBIT = EBT + Interest Expense

EBIT = 369.00 + 50  

EBIT = $419

Tax Rate = Tax / EBT

Tax Rate = 147.60 / 419

Tax Rate = 0.352267

Tax Rate = 35.23%

Working Capital, 2017 = Current Assets, 2017 - Current Liabilities, 2017

Working Capital, 2017 = 595 - 345

Working Capital, 2017 = $250

Working Capital, 2016 = Current Assets, 2017 - Current Liabilities, 2017

Working Capital, 2016 = 430 - 265

Working Capital, 2016 = $165

Change in Working Capital = Working Capital, 2017 - Working Capital, 2016

Change in Working Capital = $250 - $165

Change in Working Capital = $85

Capital Expenditure = Net Fixed Assets, 2017 - Net Fixed Assets, 2016

Capital Expenditure = $304 - $152

Capital Expenditure = $152

Free Cash Flow = EBIT * (1 - Tax Rate) - Change in Working Capital - Capital Expenditure

Free Cash Flow = $419*(1- 35.23%) - $85 - $152

Free Cash Flow = $271.39 - $85 - $152

Free Cash Flow = $34.39

7 0
3 years ago
A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. The job consisted of 7,100 units and was completed in
Arlecino [84]

Answer:

$2,400 unfavorable

Explanation:

Given that;

Time = 3 hours

Cost of labor = $8 per hour

Number of units = 7,100

Total actual labor cost = $172,800

Standard labor cost = 7,100 × 3 × $8 = $170,400

Total labor cost variance = Standard labor cost - Actual labor cost variance

Total labor cost variance = $170,400 - $172,800

Total labor cost variance = -$2,400

The negative sign here means that it is unfavorable, hence total labor cost variance is $2,400 unfavorable

4 0
3 years ago
Which of the following is an example of a general partnership?
vesna_86 [32]

Answer:

d. Ken and Paul start a graphic design business together. When Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages.

Explanation:

A general partnership is one where more than two people are involved in the running of a business and each bears an unlimited liability in the obligations of the business.

The partners share profit and losses from the business activities.

The scenario where Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages. Is a perfect example of a general partnership.

Both partners share in the loss that results from business activity.

7 0
3 years ago
Ranier Outdoor Clothing managers engage in an annual organizational assessment, trying to predict industry changes as well as po
Free_Kalibri [48]

Answer: Environmental scanning

Explanation: In simple words, environmental scanning refers to the study of events that affects the operations of the business and relate them with the internal and external environment in which the firm operates.

In the given case, the managers of the company are trying to predict the changes in the industry by looking at the trends of their competitors.

Hence from the above we can conclude that this assessment is environmental scanning.

5 0
3 years ago
A _____ is formed when two or more companies share resources, risks, and profits without actually merging, to pursue specific op
ozzi
A joint venture is formed.
4 0
4 years ago
Read 2 more answers
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